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The Latest Breaking News from Y Combinator

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

Fortune

OpenAI to invest in YC startups using $2 million worth of tokens; here’s what it means

OpenAI is providing two million dollars worth of tokens to each startup in the current Y Combinator batch. This initiative aims to accelerate product development and internal workflows. Startups will exchange equity for these tokens. This move is expected to unlock significant innovation from driven founders.

The Economic Times

Groww promoter group sells 0.23% stake for around Rs 250-260 crore

Groww's promoter group has sold a stake worth approximately Rs 250-260 crore. This follows significant sales by early investors like Peak XV Partners and Y Combinator. The wealthtech startup, cofounded by Lalit Keshre and others, has seen its share price rise substantially since its IPO.

The Economic Times

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Gig workers' incentives cool; YC attendees resell AI credits

Happy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in today's ETtech Morning Dispatch.

The Economic Times

Indian founders flip Y Combinator’s $25,000 AI tokens for quick bucks

A grey market for discounted AI credits has emerged following Y Combinator's Startup School in India. Attendees are selling free credits for AWS, Azure, and OpenAI at reduced prices, with some facing activation issues and restrictions. These messages are from founders, engineers and student builders.

The Economic Times

Groww investors reap bumper returns; Lightspeed’s India rethink

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Groww investors make bank; Mobikwik, Fractal's Q4 profits surge

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.

The Economic Times

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Greenboard raises $15.5 million Series A to keep compliance from slowing down business

Base10 led the Series A after leading the startup’s 2024 seed round

Fortune

Peak XV, YC and Ribbit pocket up to 94x returns from Groww stake sales as IPO lock-in ends

Groww's early investors have sold shares after their IPO lock-in period ended. This move has generated massive returns for firms like Peak XV, Ribbit Capital, and Y Combinator. The block deal involved millions of shares. Groww's stock has seen significant growth since its listing.

The Economic Times

The California tax proposal that has billionaires gaming for ‘economic 9/11’ in secret group chats

The proposed tax has divided Democrats, prompted a primary challenge against a star congressman, and previews the complicated dynamics around Big Tech heading into the 2028 election, Josh Marcus reports

The Independent UK

Exclusive: Vanta hits $300 million ARR as ‘shadow AI’ explodes across corporate America

As companies struggle to control unsanctioned AI tools, the unicorn security startup has tripled revenue in two years and now serves 16,000 customers.

Fortune

Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

Fortune

₹4 Crore Job Rejected: IIT Grad’s Risky AI Bet Now Grabbing Attention

In today’s startup ecosystem, some stories gain attention not just for success, but for the bold decisions behind them. One such story emerging from India’s AI landscape is that of Varun Vummadi—a young founder who walked away from lucrative opportunities to build something of his own. What began as a…

Whats Hot

‘Almost a sociopathic lack of concern’: 5 biggest revelations fromThe New Yorker’s deep dive intoSam Altman

A deep dive into OpenAI CEO Sam Altman is raising serious questions. Here are the 5 biggest revelations from the New Yorker’s investigation.

Tom’s Guide

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Fortune

Just like Gen Z, a young Mark Zuckerberg ‘had no concept of small talk’ and would ‘just stare at you,’ the VC behind Airbnb and Reddit says

“I didn't realize how important small talk was until I met the lack of it,” Y Combinator’s Paul Graham said about his first meeting with Facebook cofounder Mark Zuckerberg.

International Business Times

YC-Backed Planbase Bets AI Agents Can Solve Healthcare's Staffing Problems

With telehealth usage remaining high and home-based care continuing to expand, healthcare in the U.S. is increasingly delivered outside traditional facilities.

The Guardian - US

California’s billionaires pour cash into elections as big tech seeks new allies

As Gavin Newsom departs, ultra-wealthy flex wealth and influence to fight regulation and keep the boom going

Fortune

Famed startup incubator Y Combinator will let founders receive funds in stablecoins

The move is significant since, in the past, generally just crypto VC firms have let startups receive funding in the form of digital assets.

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Fortune

Silicon Valley sounds the alarm on deadly Minneapolis shooting. ‘And it’s only a matter of time before they show up in force here in the Bay Area’

“Just the latest in a year of horrors. Is all the crypto and AI money in the world really worth this?”

International Business Times UK

NVIDIA Linked Company to Build First Hotel on The Moon – Social Media Mocks £330k Rooms

An NVIDIA-linked startup plans the first hotel on the Moon, with rooms allegedly costing £330,000, sparking awe, doubt and online mockery.

Benzinga

Y Combinator-Backed Model ML Raises Massive $75M To Kill Junior Banker Grunt Work Forever

AI workflow automation platform Model ML announced on Nov. 24 that it raised $75 million in Series A financing to eliminate the formatting grunt work that haunts junior bankers. The funding comes just six months after its seed round and only 12 months after launch.

Benzinga

Meet 'Chad: The Brainrot IDE,' The Product People Dismissed as a Prank Is Solving One Problem 'Nobody's Talking About': 'This Isn't a Joke'

A new Y Combinator–backed product that people initially thought was deliberately unserious and gimmicky, dubbing it "rage bait" rather than a real tool, has big ambitions for helping developers increase productivity.

Fortune

Alexis Ohanian ignored Paul Graham’s warning that Reddit’s ‘terrible’ name would be ‘poison’. Now it’s a $38 billion business

“Disregarding that advice was definitely one of the things I got right,” Ohanian said.

Fortune

Meet the power broker of the AI age: OpenAI's 'builder-in-chief' helping to turn Sam Altman's trillion-dollar data center dreams into reality

Greg Brockman is OpenAI's master builder, steering a $1.4 trillion infrastructure buildout with stakes that go far beyond the tech sector.

Fortune

Reddit’s CEO has just become a billionaire—a staggering 20 years after co-founding the company fresh out of college with $12,000

It’s been exactly two decades since Huffman founded the company in 2005 with friend and college roommate Alexis Ohanian.

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