Y Combinator And Twitter Strike A Deal
Y Combinator has extended the application deadline for its winter funding cycle (originally 10 P.M. tonight) by two days, so entrepreneurs can come up with ideas for software to build on top of Twitter. Y Combinator's Paul Graham and Twitter's Biz Stone thought of this on Saturday while they were chatting at Y Combinator's Startup School, according to Y Combinator's Jessica Livingston, and decided their idea was so good they had to act on it immediately. "Twitter wants to encourage startups to build stuff on top of Twitter, but they're so busy and there are so many people doing this, they need help figuring out who to pay attention to," Livingston said. "We in turn are thrilled to be able to fund a company doing something with Twitter because it's a new protocol. It's not a fad -- it's here to stay."
