YC has just closed a new $8.25 million fund

We're happy to announce we've just closed a new fund of $8.25 million. The investors are a superset of those who invested in our previous fund: Sequoia Capital led again, and in addition we have a number of prominent angels, including Ron Conway, Paul Buchheit, Aydin Senkut, XG Ventures, and Geoff Ralston. It has been pleasant to work with investors who understand startups so well, and we look forward to continuing the relationship.

The new fund is more than four times larger than the preceding one, partly because it's meant to last for several years, and partly because we're going to use it to increase the number of startups we fund. It looks like we will have at least 35 in the summer 2010 funding cycle. (The number could increase, because we now consider late applications till just before the start of each cycle.)

The previous YC funding cycle, winter 2010, had 27 startups. Already 20 of them (74%) are either profitable or have commitments for further funding.

With the summer group, Y Combinator has now funded 207 startups, including Airbnb, Bump, Cloudkick, Clustrix, DailyBooth, Disqus, Dropbox, Heroku, Heyzap, Justin.tv, Loopt, Posterous, RethinkDB, Reddit, Scribd, Songkick, Weebly, Wepay, Wufoo, and Xobni.

PG's panel at Google I/O today @ 3pm

Tech Talks - Albert Wenger, Chris Dixon, Dave McClure, Brad Feld, Paul Graham, Dick Costolo (moderator)

What do notable tech-minded VCs think about big trends happening today? In this session, you'll get to hear from and ask questions to a panel of well-respected investors, all of whom are programmers by trade. Albert Wenger, Chris Dixon, Dave McClure, Paul Graham, and Brad Feld will duke it out on a number of hot tech topics with Dick Costolo moderating.

Date: Wednesday May 19
Time: 3:00pm-4:00pm
Room: 4

 

Harj and I will be there too. Hope to see you!

Work at a Startup: June 17 @ YC

June 17 2010, 6:00-7:30 pm | Y Combinator, 320 Pioneer Way, Mountain View

If you're like a lot of programmers you may have considered one day joining a startup. But the prospect probably seems a bit mystifying. Most people know what the deal is with working for a big company. What's the deal with working for a startup?

Work at a Startup is a special evening event designed to explain that.

More info and application via workatastartup.org

 

Newly Seeded Etacts (W10) Seeking Holy Grail Of The Unified Inbox

By Tomio Geron

With the proliferation of many new forms of social media and electronic communication, it’s getting increasingly difficult to manage all the inboxes.

There’s no shortage of companies offering to help. Start-ups such as Xobni Corp. organize email. Other services like Threadsy and Gist combine social media streams with email messages. Salesforce.com Inc. and others handle this from a customer relationship management perspective.   

A new start-up, Etacts Inc., is attempting to unify all these messages into one place, focusing on people who have to stay in touch with contacts for their jobs.

“We’re focused on the highly monetizable millions of people -business development people, recruiters, real estate agents - anyone who needs to keep track of their relationships,” said Howie Liu, co-founder of Etacts.

Etacts, which completed the Y Combinator incubator program in March, has just closed a $700,000 seed round from prominent angels including Ron Conway’s SV Angel; Eric Hahn, former chief technology officer at Netscape; Joshua Schachter, founder of Delicious; Jim Young, co-founder of HotOrNot; Barney Pell and Lorenzo Thione, co-founders of Powerset; Jawed Karim, co-founder of Youtube; Ashton Kutcher, actor and now angel investor; Robby Walker and Wayne Crosby, former Y Combinator participants; and Irene Pedrazza, founder of CheetahMail.

full article via blogs.wsj.com

 

Etacts (W10) Makes Something Fred Wilson Wants

I love it when I write about something I need and some developer out there builds it. It happens all the time and it never ceases to amaze me.

This week it happened as a result of my email bankruptcy post. I wrote this in that post:

I have a list of about thirty people who I email with regularly and who are my most important email relationships. I use two web services, Gist and Etacts, to tell me who these people are. Both are useful. I then do gmail searches on their names and make sure that I have no unread and unarchived emails from them. It would be great if one or both of these services could auto-generate a gmail search on all thirty addresses for me. It would be even better if gmail had this feature built into the service.

The team at Etacts read the post and added the exact feature I wanted. I've got the Etacts browser plugin in Chrome and this is what my gmail sidebar looks like now.

Gmail

 

Read the full post here.

Good work Evan and Howie!