Y Combinator, a US-based seed-stage accelerator, is a household name in Africa’s startup space, especially if you’ve paid attention to stories across major tech publications.
This company was a new company that exploded onto the US startup scene on March 11, 2005. The investment environment for early-stage startups in the US was vastly different from today. To quote co-founder Paul Graham, “You’d get that first $10k from your friend’s rich uncle. The deal terms were often a disaster; often neither the investor nor the founders nor the lawyer knew what the documents should look like.” More at explode.africa .
