✉news BusinessStartups first seen 9 h ago, last 14 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 prominent Silicon Valley startup accelerator, has formed a political action committee that has already donated to 66 campaign committees, signaling a deliberate move into electoral politics. The move marks a notable shift for a firm known for backing early-stage companies, and it is drawing attention to how venture capital players are increasingly spending on political campaigns and candidates.
Why now: A major venture firm entering political fundraising is a new and surprising development for the tech and startup world.
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