Y Combinator Brings In New Partners: Paul Buccheit, Harj Taggar
Y Combinator, the seed-stage startup funding firm, announced a partnership with Paul Buccheit and Harj Taggar, bringing the two seasoned individuals into the fold. This is noted as the only partnership the firm has had since its initiation in 2005. Y Combinator was started by Paul Graham, Robert Morris, Trevor Blackwell, and Jessica Livingston.
The firm has long considered Paul Buccheit an honorary partner. He is one of the world’s best hackers and has previously worked for Google. In fact, he left Google three significant legacy that has changed the company forever; he originated the word GMail, built the original prototype of Ad Sense and the “Don’t be evil” catch phrase was his thing. After separating from the tech giant, he built FriendFeed, which Facebook has acquired, marking the social-network’s largest acquisition so far.
From the Y Combinator blog:
“We’re delighted to announce that Y Combinator is getting two new partners, the first we’ve added since we started YC in 2005.
In case anyone doesn’t already know who he is, Paul Buchheit was responsible for three of the best things Google has done: he wrote GMail, built the original prototype of AdSense, and came up with the phrase “Don’t be evil.” After leaving Google he started FriendFeed, which last year became Facebook’s largest acquisition to date. He’s a good friend as well as one of the world’s best hackers; for years we’ve considered him an honorary YC partner.
We hired Harj Taggar earlier this year to work advising startups alongside me. He wasn’t technically a partner, but we quickly realized that he was one de facto—that among us his opinion carried as much weight as any of ours—and that it would be mean of us to delay recognizing this officially. Harj’s arrival significantly improved how well YC operated. He’s a large part of the reason we were able to fund 36 startups in the summer 2010 cycle.”
The investor market is booming right now, though that growth is a topic of heated discussion. For Y Combinator, growing its incubator is a sign of the times, which may or may not be approaching another bubble. ;)
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