Famed tech startup accelerator Y Combinator aims one day to fund 1,000 companies a year its quest to spin out $1 billion “unicorns,” and for now it wants all portfolio companies to move to Silicon Valley for its three-month program, new President Sam Altman told a venture capital confab Friday in San Francisco. “I do think the Valley is still the best place in the world by a huge margin to build a start-up,” Altman said at the PreMoney Conference, which was sponsored by fellow early stage accelerator and investor 500 Startups, also based in Mountain View.
Image: http://www.bizjournals.com/ - Patrick Hoge - Y Combinator President Sam Altman.
To read the original article: Silicon Valley tech ecosystem remains supreme, Y Combinator says - San Francisco Business Times
