???? ???????? ?????????? ???????? - Paul Graham and his wife Jessica were walking back from dinner, discussing the challenges within the VC ecosystem.
- Deal terms were haphazard and a disaster ??
- No standardization ??
- Unwillingness to fund young founders ??
The idea of launching their own investment firm began to solidify during their conversation, leading them to commit $100,000 and have Jessica dedicate herself full-time to the venture.
It was called Cambridge Seed but that didn't last very long and a few days later they changed it to - ?? ????????????????????.
They started their first Summer Founder's Program to fund college students who were interested in starting their own company instead of taking a summer job.
???????? ???????????? ???????? ???????????????????? ?????????? ???????? -
- Incorporation of the company ???
- Business Plan and mentorship and help with further investment ??
- Weekly dinners with experienced founders, offering you the opportunity to pick their brains ???
It's remarkable how the structure of the current structure closely mirrors the one they introduced in 2005. I found this picture of the 1st batch of YC and you can see Sam Altman to the right, next to Paul Graham (standing far right).
So thankful to have Avivar Capital as a host firm! ?? Very excited to see all that Tatiana Jackson accomplishes this summer!