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Inside Silicon Valley’s most grueling ritual: Raising cash
August 30, 2016 /
Over the past 11 years, the incubator Y Combinator, which takes a 7 percent stake in the companies it invests in, has become one of the most important institutions in the region — hatching start-ups such as Dropbox, Reddit, Stripe and Airbnb with $120,000 in seed funding and matching them to investors. The three-month boot camp is also seen as bellwether for the valley’s evolution — on diversity, on start-up trends, and lately, for how the tech industry views itself in relationship to the wider world.
By Elizabeth Dwoskin
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Posted in: Funding and Building your Business