Last week, startup accelerator Y Combinator turned 7.
Paul Graham writes about its founding on the company blog.
In March 2005, Graham's wife Jessica did not like her job. She worked for an investment bank in Boston and was looking to leave.
Graham, who made money selling a web application he developed called Viaweb, decided to create a job for her.
The two discussed the initial idea for Y Combinator on a walk home from dinner. Graham would put $100,000 into the project and Jessica would quit her job to work for the new early stage investment firm. Two of Graham's friends, Robert Morris and Trevor Blackwell, gave the couple $50,000; Y Combinator began with $200,000.
To read the full, original article click on this link: Paul Graham Founded Y Combinator 7 Years Ago To Create A Job For His Wife
