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Jessica Livingston, Co-Founder of Y Combinator, on Putting Entrepreneurs First

How Success Happens

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How We Found an Accelerator and How We Got It Off the Ground

There was no way for people just starting out with no connections to get a small enough amount of money that they could quit their jobs and still be able to pay their rent. So we decided, and by the way, what i'll quickly tell you what's now called an accelerator. Didn't have a name at the time, because we were the very first one. An accelerator funds a group of companies at one time. We then said, once we accept you, we're going to help you set up your company and incorporate,. which, again, was very novel. And it totally worked. They did it themselves. And saved all that money. The only thing that was blank was sort

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