With Newest Program, Y Combinator Looks to (Eventually) Fund 1,000 Startups a Year

y_combinator_logo_400-400x220For better or worse, Y Combinator is putting the pedal to the metal.

On the heels of some of its biggest classes to date, the well-known accelerator yesterday introduced yet another new program. That initiative? The YC Fellowship program.

The broad strokes are as follows: About 20 teams that are “very, very early” and haven’t yet received funding elsewhere will be chosen by Y Combinator to receive a $12,000 grant. The teams can be based anywhere.

Much more here.

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