SAN FRANCISCO—Over the past decade, tech-startup incubator Y Combinator has invested in and cultivated hundreds of fledgling companies, including highfliers like Airbnb Inc. and Dropbox Inc.
Now, with money rushing into Silicon Valley, the seed investor known as YC is aiming to cash in on its influential name and investor network by doubling down on its hottest startups. It raised a $700 million venture-capital fund in late September aimed at expanding ownership stakes in its most successful companies and helping cash-intensive businesses that might have trouble raising funds elsewhere.
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