Y Combinator Owns Stakes in Startups Worth More Than $20B
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Y Combinator, the incubator that helped seed Dropbox Inc. and Airbnb Inc., has invested in companies that are worth more than $20 billion combined, an increase of almost 40 percent from last month.
Around 17 companies funded by Y Combinator are worth more than $100 million each, Sam Altman, who was named president of the incubator last week, said today in an interview on Bloomberg West. The $20 billion in value that Altman cited is up from $14.4 billion on January 13, according to a tweet at the time from Paul Graham, Y Combinator’s founder.