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The Latest Breaking News from Y Combinator

Sam Altman reveals the investing advice billionaire Peter Thiel gave him that helped him amass a $3.3 billion net worth without OpenAI equity

OpenAI CEO Sam Altman owns no equity and earns a $76K salary—but says Peter Thiel and Paul Graham taught him how to build billions in investment wealth.

Fortune

Y Combinator‑backed AI startup is under fire after its founder offered instant interviews to partygoers who got company tattoos, then apologized

LemonLime’s cofounder apologized following a flurry of online backlash and offered to cover removal costs for the tattoos

Fortune

Shipping container-launched cargo rocket promises 550-pound deliveries 750 km away in 15 minutes — $1.25M Air Force contract backs 'Rook' cargo rocket that flies into space to speed deliveries

A minimum-energy ballistic arc covering 750 km needs roughly 2.64 km/s at burnout and peaks near 181 km.

Tom’s Hardware

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A mosquito-hunting killer drone is available for preorder – and I have questions

Y Combinator-backed startup Tornyol has built a tiny autonomous drone that tracks mosquitoes by sonar and kills them mid-flight, with preorders open now. We look at the tech, the pricing, and the questions it raises about where the targeting stops.

TechRadar

Partner At Y Combinator Takes Leave of Absence to Join Anthropic

Tom Blomfield, general partner at Y Combinator, has taken a leave of absence from the company to join Anthropic, adding to the competition for top AI talent.

Benzinga

Y Combinator's Tom Blomfield joins Anthropic's compute team

Blomfield was at YC as a partner, mentoring founders across multiple batches after building two unicorns. He was awarded an OBE (Officer of the British Empire) in 2019 for his contribution to competition in banking.

The Economic Times

Airbnb was so broke in 2008 that its founders sold Obama and McCain cereal boxes just to keep the company alive long enough for investors to notice

In a bold and unconventional move, Airbnb's founders turned to selling novelty cereal boxes, including Obama O's and Cap'n McCain's, to generate essential funds for their fledgling startup. This unique marketing strategy not only brought in critical early revenue but also caught the eye of the media and potential investors,…

The Times of India

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Exclusive: Taktile raises $110 million from Goldman Sachs, Tiger Global to automate high-stakes financial decisions

Other participants in the Series C fundraise include Index Ventures and Y Combinator.

Fortune

Marketing platform JustAI raises $17 million led by Base10

AI marketing platform JustAI has secured over $17 million in Series A funding, led by Base10, with participation from Y Combinator and Peak XV Partners. This investment will fuel expansion of their engineering and go-to-market teams, enhance AI capabilities, and explore opportunities in India.

The Economic Times

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

Fortune

OpenAI to invest in YC startups using $2 million worth of tokens; here’s what it means

OpenAI is providing two million dollars worth of tokens to each startup in the current Y Combinator batch. This initiative aims to accelerate product development and internal workflows. Startups will exchange equity for these tokens. This move is expected to unlock significant innovation from driven founders.

The Economic Times

Groww promoter group sells 0.23% stake for around Rs 250-260 crore

Groww's promoter group has sold a stake worth approximately Rs 250-260 crore. This follows significant sales by early investors like Peak XV Partners and Y Combinator. The wealthtech startup, cofounded by Lalit Keshre and others, has seen its share price rise substantially since its IPO.

The Economic Times

Gig workers' incentives cool; YC attendees resell AI credits

Happy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in today's ETtech Morning Dispatch.

The Economic Times

Indian founders flip Y Combinator’s $25,000 AI tokens for quick bucks

A grey market for discounted AI credits has emerged following Y Combinator's Startup School in India. Attendees are selling free credits for AWS, Azure, and OpenAI at reduced prices, with some facing activation issues and restrictions. These messages are from founders, engineers and student builders.

The Economic Times

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The Economic Times

Groww investors reap bumper returns; Lightspeed’s India rethink

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Groww investors make bank; Mobikwik, Fractal's Q4 profits surge

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.

Fortune

Greenboard raises $15.5 million Series A to keep compliance from slowing down business

Base10 led the Series A after leading the startup’s 2024 seed round

The Economic Times

Peak XV, YC and Ribbit pocket up to 94x returns from Groww stake sales as IPO lock-in ends

Groww's early investors have sold shares after their IPO lock-in period ended. This move has generated massive returns for firms like Peak XV, Ribbit Capital, and Y Combinator. The block deal involved millions of shares. Groww's stock has seen significant growth since its listing.

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The Independent UK

The California tax proposal that has billionaires gaming for ‘economic 9/11’ in secret group chats

The proposed tax has divided Democrats, prompted a primary challenge against a star congressman, and previews the complicated dynamics around Big Tech heading into the 2028 election, Josh Marcus reports

Fortune

Exclusive: Vanta hits $300 million ARR as ‘shadow AI’ explodes across corporate America

As companies struggle to control unsanctioned AI tools, the unicorn security startup has tripled revenue in two years and now serves 16,000 customers.

Fortune

Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

Whats Hot

₹4 Crore Job Rejected: IIT Grad’s Risky AI Bet Now Grabbing Attention

In today’s startup ecosystem, some stories gain attention not just for success, but for the bold decisions behind them. One such story emerging from India’s AI landscape is that of Varun Vummadi—a young founder who walked away from lucrative opportunities to build something of his own. What began as a…

Tom’s Guide

‘Almost a sociopathic lack of concern’: 5 biggest revelations fromThe New Yorker’s deep dive intoSam Altman

A deep dive into OpenAI CEO Sam Altman is raising serious questions. Here are the 5 biggest revelations from the New Yorker’s investigation.

Fortune

Just like Gen Z, a young Mark Zuckerberg ‘had no concept of small talk’ and would ‘just stare at you,’ the VC behind Airbnb and Reddit says

“I didn't realize how important small talk was until I met the lack of it,” Y Combinator’s Paul Graham said about his first meeting with Facebook cofounder Mark Zuckerberg.

International Business Times

YC-Backed Planbase Bets AI Agents Can Solve Healthcare's Staffing Problems

With telehealth usage remaining high and home-based care continuing to expand, healthcare in the U.S. is increasingly delivered outside traditional facilities.

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