YC Founders at Work Interview: Posterous

Posterous is one of the most popular startups we've funded. They make it super easy to make a good looking blog. When you want to post something, all you have to do is email it. We use it ourselves for the YC blog. Sachin Agarwal and Garry Tan founded Posterous in 2008 and were part of YC's summer '08 funding cycle.

Need to process payments?

There's a YC-funded startup working on payment processing done right.  They're already processing payments for a lot of other YC startups, and now they're looking to expand their private beta to some more companies.

If you're a US company that wants to start processing payments soon or is willing to switch payment processors, send them an email at jbrochanc@mit.edu.

The product is developer focused, which is a dramatic departure from the status quo in the payments business. It has been getting rave reviews from the companies that have been using it.

Late applications for summer 2010 have all been considered

We've now read all the late applications for summer 2010 and contacted the groups we wanted to talk to in person, so if you submitted a late application and you haven't heard from us by now, that means we're not going to fund you this summer. Please don't let that get you down, because it is much harder (about 3x harder) for a late application to be accepted. We saw plenty of late applications we would have invited to interviews if they'd applied as part of the regular process. We hope groups that applied late will consider applying again for the next YC cycle, whose application deadline will be this fall.

Invitations sent for Work at a Startup

We've just sent out all the invitations for Work at a Startup. If you applied, please check your email and rsvp using the link we sent you.

(If you don't see the email, check your spam folder.)

It looks like it should be a good event. We have around 35 YC-funded startups lined up to present, at all different stages. As far as we know, nothing like this has been done before, so we are interested to see all the different presentations ourselves.

Unfortunately we received a lot more requests for invitations than we have room for in our building, so we couldn't invite even some people whom some founders had rated as "excellent." Next time we do this, we may try to find a bigger space.

YC Founders at Work Series: Reddit interview tomorrow at 1:00pm PDT

At 1:00 pm (PDT) tomorrow, I'll be interviewing Reddit founder Alexis Ohanian. Alexis founded Reddit with Steve Huffman in 2005 and was part of Y Combinator's first funding cycle. Reddit was one of a new generation of user-driven news aggregators that has changed the way millions of internet users get their news. I hope you'll tune into Justin.tv (http://www.justin.tv/jessicaycombinator)!

Mobile App Recommender Appsaurus (S07) Raises $850K From Mitch Kapor, Chris Sacca And Others

Hello, Chair, the company that develops a social app recommendation engine within an iPhone app, has raised $850,000 in funding from Harrison Metal Capital, Mitch Kapor, Chris Sacca, and Wilson Sonsini. The startup previously raised money from Y Combinator and David Parker.

Hello, Chair’s Appsaurus competes with the Apple Genius feature, serving as recommendation service for mobile apps on the iPhone.

Full article available here: techcrunch.com


A Twist To Y Combinator’s ‘Demo Day’: Pitching To Programmers

Unemployment may be high, but it’s still tough for young start-ups to find talented computer programmers in Silicon Valley, according to incubator and seed-investment firm Y Combinator. That’s why it’s holding a unique event on June 17 called “Work at a Startup,” in which the firm’s portfolio companies will present their businesses to job seekers. About 125 programmers will hear pitches from 35 Y Combinator companies, followed by a networking reception. (The deadline for programmers to apply is at 12 a.m. PT tonight.)

We caught up with Jessica Livingston, partner at the firm, to talk about the “Work at a Startup” event.

Full article via blogs.wsj.com

The deadline to apply for Work at a Startup is tonight!