Eric Newcomer – Venture Firms Fret as Y Combinator Soars | Genius
Just tweeted(September 17, 2014 at 01:39PM):
“For even the most distinguished of venture capital firms, it’s now obvious that Y Combinator and other startup “accelerators” pose an existential threat. And recent moves by Y Combinator and its new boss, Sam Altman, are bound to further aggravate tensions with VCs even if the red-hot accelerate chooses not to become a direct competitor in the venture funding business.” See here
“For even the most distinguished of venture capital firms, it’s now obvious that Y Combinator and other startup “accelerators” pose an existential threat. And recent moves by Y Combinator and its new boss, Sam Altman, are bound to further aggravate tensions with VCs even if the red-hot accelerate chooses not to become a direct competitor in the venture funding business.” See here
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