If you are not familiar with Y Combinator, it’s the “summer camp” of startup hopefuls. If invited, startups are funded (around 18k) and moved to Silicon Valley for 3 months where they are whipped into shape by key industry professionals in order to start pitching to the guys/gals with deep pockets, looking to invest in something potentially great. Past startups that where invited include Disqus, Loopt, Dropbox, Justin.tv, Posterous, WePay and many others who have gone on to become solid companies.
Black Web 2.0 would like to congratulate 1stFriday.com, the online social networking community of professional African Americans for being accepted as one this year’s Y Combinator School attendees. This is significant simply because if you are invited, not only do you get automatic rep in the “up and coming” startup category due to Y Combinator’s clout, the information, training, and opportunities to pitch to some top-notch investors is invaluable. Not to mention the speakers who “drop by” to share their wealth of knowledge.
This year’s guests/speakers include:
Founder, Arista Networks & Sun Microsystems
Those startups who have successfully matriculated the Y Combinator School have gone on to do some cool and great things. So good luck to 1stFriday.com to all of us at Black Web 2.0! Big things are in your future.Category: News | Tags: angel investors, Startups, Venture Capital