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The humble beginnings of YCombinator

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How Paul Graham and Jessica Livingston Changed Venture Capital

Paul Graham and Jessica Livingston were walking home from dinner in Cambridge, Massachusetts. Paul was sharing all the things he believed in venture capital as an industry should change about the way the business was done. The reason it started was a combination of me feeling guilty that I hadn't gotten around to doing any angel investing yet. And also, the Jessica was talking to this VC fund about becoming their VP of marketing.

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