It’s not unusual for startups to create a new concept in an established market space. But when you do it with an entirely new approach and try to shift the balance of power in the process, you can probably expect some blowback.
That’s what happened when Mountain View, California–based accelerator Y Combinator came on the scene in 2005 with a new approach to fostering new companies, trying to give founders more resources and negotiating ability to help them get better investment deals.
To read the original article: Y Combinator's Battle To Redefine The Startup Process | Fast Company | Business + Innovation
