
Paul Graham, Co-Founder of Viaweb and Y Combinator
The Social Radars
First investors - where Y combinator is based on
The first investor in the company provided $10,000, did all the legal work, and received 10% of the company. This initial investment and arrangement served as the foundation for the YC deal, which was a similar structure but slightly more favorable. The success of this investment demonstrated the mutual benefits of such a deal, where both sides saw significant value and supported the need for this type of investment model.
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