Paul Graham has built up a profile as a geek investor and his latest initiative, Y Combinator, which provides startup savvy and noodle money to 20 something dropouts from ivy league colleges, has been grabbing attention in the metoo Internet space.
His most recent Y Combinator success and Digg-lookalike, Reddit, sold to Conde Nast for less than $5 million. Mere chump change to some, but it’s helped catapult four youngsters into the spotlight and hopefully set them up to become serial entrepreneurs. Y Combinator will have taken in sufficient ROI to validate and continue their program and Conde Nast has a new toy to play with — a win, win situation.
Richard MacManus has a good post on Paul and his activities if you want to find out more.