Microcapital

Very smart things are happening at Y Combinator. Marc at O’Reilly Radar writes:

But what I will say is, what a great idea and a great program. At least half of the startups in the program are seriously cool and all of them made a ton of progress on very little money and in very little time.

A little bit of funding and guidance at such an early stage has got to be a huge boost to people looking for the next big thing. While Reedit doesn’t do a lot for me, I know that whatever Aaron is working on is going to kick some major butt.

I have a feeling that we’ll see more early microfunding ala Y Combinator in the near future, there’s such an obvious need for it. You can’t get everything right, but it will be interesting to look back at the class of Summer 2005 in a few years to see what works out and what tanks.