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Y Combinator co-founder Paul Graham has written an excellent Fundraising Survival Guide that I encourage all entrepreneurs, venture guys and anyone who has any form of interest in the art of the start (as Guy Kawasaki calls it) to read.
It is a long essay. Stick with it.
[Picture courtesy of CompoundEye]
Tags: Guy Kawasaki, Paul Graham, Y Combinator
Omnisio has been acquired by Google as YouTube’s first acquisition since they were themselves acquired a few years back. You can listen to the recent Metarand Unplugged audio interview with the video annotation startup’s CEO, Ryan Junee, here - in it we talk about the company and their journey through Paul Graham’s Y Combinator program.
Besides Ryan and his two fellow Aussie co-founders, Paul must himself be over the moon — from woe to go this must’ve been one of the quickest exits for Y Combinator. Atherton-based Omnisio launched in March 2008.
The best part - Ryan is a committed serial entrepreneur and I fully expect we’ll be hearing more great things from him in the near future.
While Ryan did not disclose to us the quantum of the deal, Michael Arrington has surmised it as being in the $15 million range.
Following on from our Metarand Unplugged session with recent Y Combinator graduate, Omnisio, here is an interview of YC’s founder, Paul Graham.
The comment I love the most: in asking for a median 6% equity from participants in the YC program, founders should grok that this effectively means Paul and the team have given quid pro quo by achieving a 6.4% improvement in a participant venture.
I’d imagine that this point is reached by the end of the first day of the program!
Tags: Paul Graham, Y Combinator