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TechCrunch recently
reported that venture fund
Y Combinator has accepted an unprecedented 60 startups for its summer round of investments.
Twice a year, Y Combinator enrolls fledgling companies in a sort of crash course in success. Y Combinator works with startups for three months to (hopefully) turn them into industry-altering, investor-seducing powerhouses. At the end of the session, Y Combinator hosts a Demo Day, where the startups strut their stuff before hundreds of prospective investors from such prestigious firms such as Accel Partners and First Round Capital.
Notable startups to come out of Y Combinator include Reddit, Bump, and Dropbox, so the companies Y Combinator takes on are definitely ones to watch as potential game-changers and moneymakers.
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