Interesting model

I had the honor and pleasure of meeting Paul Graham a few years ago when I presented Titan Key at MIT.

Since then he’s started a different kind of venture capital firm, “Y Combinator” . And I think he’s got some very good ideas that can apply here in Hawaii as well.

One really, really neat thing they did was to fund a collection of founders during summer break. The idea was that they would spend the summer to develop a prototype and then go for funding at the end. The results were pretty impressive. I think we can do this in Hawaii.

Apparently their summer efforts were so successful they are going to do it again in the winter. Here’s some details on their program. I think this approach deserves pretty serious consideration.