✉news BusinessStartups first seen 4 h ago, last 53 min ago, peak #18
Y Combinator's New PAC Backs 66 Campaign Committees
Original: Y Combinator Is Making Political Bets. Its New PAC Has Backed 66 Campaign Committees
Y Combinator, the startup accelerator behind Airbnb and Stripe, has launched a political action committee that has contributed to 66 campaign committees. The move marks a new level of political engagement for the firm, which has traditionally focused on funding early-stage companies rather than elections. Its PAC is directing money toward candidates and committees, signalling that Silicon Valley's most influential startup incubator now wants a say in policy-making.
Why now: The startup world's growing involvement in US politics is drawing scrutiny as Y Combinator expands from tech investing into campaign finance.
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