Definition of "YC"

The venture capitalist Chris Dixon told me, “They created the greatest business model of all time. For basically no money”— YC gives each company just a hundred and twenty thousand dollars, to cover expenses—“they get seven per cent of a lot of the best startups in Silicon Valley!”

2016 October 3, Tad Friend, quoting Chris Dixon, “Sam Altman’s Manifest Destiny”, in The New Yorker‎