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Statement

Request for Startups: Government 2.0 - Michael Seibel

  • Investors in Silicon Valley demonstrate strong enthusiasm for backing founders who pursue large-scale social missions.
  • Y Combinator actively funds startups where the primary objective is improving the world or community rather than solely maximizing profit or company size.
  • Backed ventures are expected to operate as genuine for-profit businesses that leverage software in significant ways.
  • The organization cites historical examples of portfolio companies addressing access to food stamps, healthcare, and mass incarceration.
  • No specific financial figures, quantitative ranges, or defined timeframes for these initiatives are provided.