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[Technode TV] This is Y Combinator, Birthplace Of AirBNB and Dropbox
For those of you who are active on our website, you may have noticed a few videos popping up here and there. This year, TechNode launched TechNode TV, to not only bring China tech stories to our audience with but also engaging videos from China and abroad. Once you look around TechNode TV, you can see TechNode’s previous events, product demos, startup interviews.
Every Wednesday, TechNode will be releasing Silicon Valley Heartbeat to bring in the innovation of Silicon Valley’s high peaks – Y Combinator, Draper University, ProductHunt, Yo, Airbnb, Dropbox, Twitter, Coursera, Google and more. Our newest show will provide you with an office tour and cover exclusive interviews CEOs & VCs.
In our first episode, TechNode interviewed Y Combinator CEO Sam Altman. Started by Paul Graham, who sold a startup to Yahoo in 1998 for $49 million, Y Combinator grew up to be a worldwide project. The total value of YC-birthed startups are worth approximately $50 billion, among them are Dropbox, cloud storage and productivity services and AirBNB.
Once a startup is selected, YC relocates them to the Bay Area for three months, giving 7% of their companies in exchange for $120,000 and the chance to be advised by renown entrepreneurs and investors. Demo Day, the twice-a-year event YC’s graduates pitch what they have made throughout three-month program in front of 2,000 YC alumni. The best graduates can expect to attract hundreds of millions of dollars in venture capital.