Y Combinator Inspires Imitators – BusinessWeek

http://www.businessweek.com/smallbiz/content/sep2007/sb20070926_620433.htm?chan=smallbiz_smallbiz%20index%20page_top%20stories

From the page: “Paul Graham knows that most startups will eventually fail. But at Y Combinator, the hacker guru’s seed fund for young techies, they’re encouraged to fail fast and fail cheap and then to reboot and start again. Designed with the new economics of Web-based entrepreneurship in mind, Y Combinator is a new type of venture fund dispensing tiny amounts of cash but lots of hands-on mentoring.”