Watsi (YC W13) lands $1.5 million donation from Humble Bundle (YC W11)

Not-for-profit healthcare crowdsourcing platform Watsi has received a $1.5 million donation towards its business. The amount came from Y Combinator alumnus Humble Bundle, a video game startup that allows users to pay whatever they want for video games while also supporting charity online.

Watsi tells us that with today’s donation, a total of $2.2 million has been raised to help provide access to healthcare services for those that need it. In addition, founder Chase Adam says that Humble Bundle’s donation will help more than 2,000 patients.

Khosla Ventures is joining the YCVC Program

Today, we are excited to announce that Khosla Ventures is joining the YCVC Program starting with the upcoming winter 2014 batch. KV is exactly the kind of partner we want at YC—we admire their tenacity and willingness to making bold technology bets. As far back as 2006, KV has been a valuable investor in a number of YC companies including TightDB, Instacart and Quartzy just to name a few. We look forward to KV formally joining the YCVC program and helping more YC founders.

YCVC investments will remain at $80k per startup with KV taking the place of Yuri Milner, who has been spending less time focused on seed-stage investing. Yuri originally came up with the idea for investing in all YC companies, and we're grateful to him for that and for all the years he has participated.
“Y Combinator's track record of identifying and mentoring bold entrepreneurs is amazing and the Khosla team is excited to be a partner for the next generation of YC entrepreneurs,” said Keith Rabois of Khosla Ventures.


Crowdtilt (YC W12) Raises Another $23 Million From Andreessen Horowitz & Others

Crowdfunding platform Crowdtilt wasn’t looking to raise another round, but when their Series A lead investor Andreessen Horowitz offered to lead their B round, the team decided it would make sense given their plans. Today, the company is announcing $23 million in new funding, which also includes participation from SV Angel, Sean Parker, Matt Mullenweg, Oliver Jung, DCM, Felicis Ventures, Naval Ravikant, Alexis Ohanian, Elad Gil, and others.

Congrats to Garry Tan on being featured in the Silicon Valley 40 under 40

Before Garry Tan had celebrated his 30th birthday, the entrepreneur had already co-founded and helped develop a blogging platform to compete with Tumblr and became a partner at Y Combinator.

In 2008, Tan co-founded Posterous, a blogging platform, which has raised $5 million and was acquired by Twitter in 2012. Tan was a founding member of the engineer team Palantir France while working with Palantir Technologies.

Tan works alongside Y Combinator partners to help startups realize their full potential. Tan also acts as adviser for Comprehend Systems, a company specializing in visualization and analytics tools, and Verbling, a free online language-learning tool.

Read the full story in the Silicon Valley Business Journal

Space-Saving iCloud Alternative Loom (YC W12) Now Supports Video, Too

Loom, a simple but well-built photo-sharing app targeting the mainstream, has been focused on building something of an iCloud alternative which also helps users to free up disk space on their smartphones or iPads. Today, it’s taking another step closer to that larger goal with the introduction of video support in Loom. Before, the app was able to store, optimize and sync photos between devices, and now it can do the same for video by generating multiple versions of the video for quicker playback.

DrChrono (YC W11) to developers: Use our API to help us fix health care

DrChrono's founders Michael Nusimow and Daniel Kivatinos

Health care is a massive market opportunity for any developer — and yet, only about 1.3 percent of the APIs on ProgrammableWeb are associated with clinical services.

This number is set to increase in the near future, with federal regulators removing barriers to medical app innovation. In late September, the Food and Drug Administration (FDA) released a final guidance on how it plans to regulate thousands of mobile health apps. This decision opened the floodgates for developers, who no longer had reason to fear that the feds would crack down on their health-related apps.

The FDA’s move has also prompted health startups to take a more open and platform-based approach. In Mountain View. Calif, a company called DrChrono announced today that it has opened up its API, so developers can take advantage of its massive network of 53,000 physicians and 2.6 million patients.

Read the full story on VentureBeat

Coinbase (YC S12) Raises $25M Led By Andreessen Horowitz

Coinbase has raised $25 million in a Series B round led by Andreessen Horowitz in the largest funding to date for a company focused on the Bitcoin digital currency. Existing investors Union Square Ventures and Ribbit Capital also participated.

The round brings the total raised by Coinbase up to $31 million.

Coming out of Y Combinator last year, Coinbase provides a wallet and payment processor for merchants, analogous to what PayPal created a decade ago to provide a simple online means for transactions.

Read the full story on TechCrunch

Instant grocery delivery service Instacart (YC S12) launches in Boston, Cambridge and Somerville

With holiday parties and family meals looming, it's easy to see the appeal of Instacart: you can order groceries online and have them delivered to your doorstep in an hour or two, for a delivery charge of as little as $3.99.

And here's the twist: similar to errand services like Task Rabbit or transportation networks like Lyft, just about anyone who can find their way around the produce section can sign up to earn money as a grocery courier for Instacart. The company says that its "personal shoppers" earn an average of $20 an hour, but they're paid based on the number of orders they handle, and the size of those orders. It raises the interesting possibility of pocketing some extra dough by shopping for a few neighbors whenever you visit the store.

"My fridge was always empty," says Instacart founder and CEO Apoorva Mehta, right. "I just never had time to go to the grocery store during the day." Mehta previously worked to improve order fulfillment at Amazon, and as an engineer at Qualcomm and RIM. Instacart started in San Francisco, and expanded to Chicago in September; Boston is Instacart's third market. "Our goal is to offer an Amazon-like experience without building any the infrastructure, using crowdsourcing," Mehta says.

Read the full article at Boston.com