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The humble beginnings of YCombinator

Rocketship.fm

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The Value Proposition of Combinator

The value proposition was pretty simple, provide a little bit of capital. Paul Graham: We didn't ask for 10%. I think originally used to ask for 6%. And then along the way, it became 7%. He says companies get what Paul Graham got from Julian Webb when he had his startup,. via web, mentorship, guidance, access to a network.

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