Crowdfunding startups dominate Y Combinator Demo Day

Y CombinatorIf you cringe when you hear a company described as “Kickstarter for” this industry or that genre, yesterday’s Y Combinator Demo Day was probably not for you.

As happens twice a year, a Who’s Who of A-list (and B- and C-list) venture capitalists and angel investors descended on the Computer History Museum here for the semi-annual Demo Day. There, the newest graduating alumni of the world’s leading tech incubator had the chance to show off their talents — and wares and/or services — to the money men and women and reporters who might help to further their ambitions and fill their coffers.

And throughout the day, Kickstarter was very much on people’s minds.

A couple of years ago, few had heard of the Brooklyn-based startup that was aiming to democratize the way project creators raise money. But now, with a nearly endless collection of success stories under its belt, Kickstarter has become the beast of the crowdfunding world. And everyone wants to break off a piece of that success.

Over the course of the day, 47 startups took the stage for the three minutes under the spotlights…

Read More at Cnet



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