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Posts that commenters keep linking to, ranked by how many different people have cited them in Hacker News comments. 2,396 posts.

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727

How Y Combinator Started (2012)

On March 11 2005, Jessica and I were walking home from dinner in Harvard Square. Jessica was working at an investment bank at the time, but she didn't like it much, so she had interviewed for a job as director of marketing at a Boston VC fund. The VC fund was doing what now seems a comically familiar thing for a VC…

744

VC Insanity, Explained

…or, why VCs do what they do (Note: this post also appeared as a guest post on Techflash) VC behavior sometimes looks insane, but generally it’s just sound economics. It’s crazy but true: if you know how a VC gets paid, you can pretty much read their mind. Here’s a few examples: VCs don’t actually seem to want to take…