• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

StrictlyVC, LLC

Six months ahead.

  • Home
  • Newsletter
  • Advertising
  • Events
  • Podcasts
  • About
    • About Connie
    • Mission
    • Code of Ethics
  • Contact

Having Won Over VCs, Y Combinator Turns to LPs

y_combinator_logo_400-400x220Last week, Y Combinator ran investors through 105 presentations by early-stage startups in a two-day show it calls Demo Day. The pace of deal-making for such events, staged every summer and winter, has grown so feverish that the incubator introduced a new wrinkle: backers could commit to plowing millions into a company by simply clicking the equivalent of an “easy button” via an online dashboard that Y Combinator created.

Many local VCs seemed too busy to notice. Brian O’Malley of Accel Partner was walking around on his phone. Jon Sakoda of New Enteprise Associates made the rounds. Hunter Walk of Homebrew looked to be taking a couple of meetings, too.

Yet there were other, more surprising guests. There, in the front row, was “Stevie” Cohen, the famed hedge fund manager. Elsewhere in the audience, a money manager for Major League Baseball sat rapt, listening to the procession of startup presentations.

Perhaps the most interesting category of attendee, though, were more traditional limited partners, who typically invest in venture and private equity funds.

Indeed, while it used to be that VCs treated their LPs a bit like mushrooms, keeping them mostly in the dark, today’s LPs want to be closer to the action, and for them, Y Combinator is Ground Zero.

More here.

Filed Under: Entrepreneurs, Firm Dynamics Tagged With: handshake button, Steve Cohen, Y Combinator

Don’t Miss Out! 

Sign up today to receive a free daily email with everything you need to start your day. Plus, keep track of the companies and personalities that will shape the industry in the months and years to come. Let StrictlyVC be your very own venture capital concierge.

Sign Up →

 

Primary Sidebar

Sign Up!

Add your email below to receive a copy of our free daily StrictlyVC newsletter. (Please don't forget to confirm your email address by clicking on the link in the confirmation link we will send you!)

You can unsubscribe anytime. For more details, please review our Privacy Policy.

Thank you!

We have sent you an email. Please click on the link to confirm your subscription!

.

@StrictlyVC on Twitter

Tweets by StrictlyVC
  • Privacy Policy
  • Terms of Service
  • Advertising

StrictlyVC, LLC

© 2023 StrictlyVC, LLC. All rights reserved.