Mountain View, California-based Y Combinator, one of the world’s most successful start-up accelerators, has announced that as part of its ongoing venture capital program, it will now invest $80,000 per startup instead of the earlier $150,000. The revamped program will partner with four venture capitalists — Yuri Milner, Andreessen Horowitz, General Catalyst, and Maverick Capital — who will each invest $20,000 in the program. Investments will be made as convertible notes with no valuation cap and no discount.
Since its inception in 2005, the accelerator has funded over 460 start-ups, including Reddit, Clustrix, Wufoo, Scribd, Disqus, Dropbox, Airbnb and Stripe.
Private Equity-Venture Capital (PE-VC) investments in India during the quarter ended June 2023 (Q2'23), at $9.85 Billion across 182 deals, registered a 33% decrease compared to the same period in 2022 (which saw $14.6 Billion being invested across 371 deals). The investment amount however rose 74% compared to the immediate previous quarter (which saw $5.7 Billion being invested across 181 deals), shows data from Venture Intelligence , a research service focused on private company financials, transactions, and their valuations. The PE-VC investment figures for the first 6 months of 2023 - at $15.5 Billion (across 363 deals) - was 50% lower compared to the same period in 2022 (which saw $31 Billion being invested across 800 deals). Q2’23 witnessed 19 mega deals ($100 M+