YCombinator’s Demo Day is a farmer’s market for rich technology investors.
Technically, it’s not really a market: it’s a now-familiar series of dozens of rapid-fire presentations from earnest young people who have studied the ways of Paul Graham’s incubator, which has helped launch startups such as Airbnb, Dropbox, and Heroku over the years. The latest Demo Day took place Tuesday at the Computer History Museum in Mountain View.
Demo Day is about bringing together buyers and sellers. The buyers are investors — both the regular Valley venture capitalists and rich people looking for investment opportunities like former San Francisco 49ers quarterback Joe Montana — and the sellers are YC (which is the initial investor in many of these startups) and the founders themselves, hoping to trade equity in their fledgling companies for the capital needed to expand their operations.
Some of the ideas demonstrated were silly, while some…
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