Bitcoin could help. Coinbase, a digital wallet and platform that lets anyone with a US bank account buy and trade Bitcoin currency, announced last week that it is now supporting instant, free micropayments, in Bitcoins, with none of these drawbacks. In a blog post, Coinbase CEO and founder Brian Armstrong <a target=\"_blank\" href=https://www.ycombinator.com/"http://blog.coinbase.com/post/57483182558/you-can-now-send-micro-transactions-with-zero-fees/" title=\"Link: http://blog.coinbase.com/post/57483182558/you-can-now-send-micro-transactions-with-zero-fees\">wrote that Coinbase would start handling small – typically under $1 – Bitcoin transactions</a> “off-blockchain”. That means each one wouldn’t have to go through the algorithmic validation process across the whole Bitcoin network, which can take a few minutes or more, but would instead be sent directly between two Coinbase accounts and validated later.</p>\n<p>These microtransactions could let users read the rest of a <i>New York Times</i>article for a few cents instead of signing up for a full monthly subscription, Armstrong wrote, or “pay for Wi-Fi internet metered by the minute (or second!) if you just need to check one email” or “support your favorite artists or coders with a tip”.</p>\n</blockquote>\n</div>\n<!--kg-card-end: html-->","comment_id":"595940","feature_image":null,"featured":false,"visibility":"public","email_recipient_filter":"none","created_at":"2013-08-19T10:53:00.000-07:00","updated_at":"2021-10-20T14:34:18.000-07:00","published_at":"2013-08-19T10:53:00.000-07:00","custom_excerpt":null,"codeinjection_head":null,"codeinjection_foot":null,"custom_template":null,"canonical_url":null,"tags":[{"id":"61fe29efc7139e0001a7118f","name":"Blockchain","slug":"blockchain","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/blockchain/"},{"id":"61fe29efc7139e0001a71173","name":"YC News","slug":"yc-news","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/yc-news/"}],"authors":[{"id":"61fe29e3c7139e0001a710d1","name":"Y Combinator","slug":"y-combinator","profile_image":"/blog/content/images/2022/02/1200px-Y_Combinator_logo.svg.png","cover_image":null,"bio":"Y Combinator created a new model for funding early stage startups. Twice a year we invest a small amount of money ($150k) in a large number of startups (recently 200).\r\n\r\nThe startups move to Silicon","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/y-combinator/"}],"primary_author":{"id":"61fe29e3c7139e0001a710d1","name":"Y Combinator","slug":"y-combinator","profile_image":"https://ghost.prod.ycinside.com/content/images/2022/02/1200px-Y_Combinator_logo.svg.png","cover_image":null,"bio":"Y Combinator created a new model for funding early stage startups. Twice a year we invest a small amount of money ($150k) in a large number of startups (recently 200).\r\n\r\nThe startups move to Silicon","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/y-combinator/"},"primary_tag":{"id":"61fe29efc7139e0001a7118f","name":"Blockchain","slug":"blockchain","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/blockchain/"},"url":"https://ghost.prod.ycinside.com/coinbase-yc-s12-in-the-new-scientist-launching-instant-bitcoin-micro-payments-off-blockchain/","excerpt":" \n\n\n\n\n\nThe New Scientist, in the recent magazine edition writes: “Micropayments now\nready to slash price of online news\n[http://www.newscientist.com/article/mg21929304.300-micropayments-now-ready-to-slash-price-of-online-news.html#.UhJaxGSBeCg]\n“:\n\n> The digital currencyBitcoin\n[http://www.newscientist.com/article/mg21028155.600-future-of-money-virtual-cash-gets-real.html]\ncould help. 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She knew she needed a technical co-founder who was mission driven, had fintech expertise, and was in it for the long haul.</p><figure class=\"kg-card kg-image-card kg-card-hascaption\"><img src=https://www.ycombinator.com/"https://blog.ycombinator.com/wp-content/uploads/2021/11/Sequin.jpeg/" class=\"kg-image\" alt loading=\"lazy\"><figcaption>Sequin (YC S21) co-founders, Vrinda Gupta and Mark Thomas.</figcaption></figure><p>That person was Mark Thomas. He had ten years of engineering experience at Paypal, cared deeply about gender equity, and spent six years as CTO of family-oriented startups. They had an instant connection and arranged to meet in person soon after. Vrinda recalls, “We met the day after we matched, and the day after, and then the day after that.”</p><p>Together, they went through YC’s batch this summer and <a href=https://www.ycombinator.com/"https://www.forbes.com/sites/geristengel/2021/09/15/debit-card-startup-builds-credit-for-women/?sh=6283b60b3c67\%22>raised $5.7M</a>.</p><p><strong><strong><a href=https://www.ycombinator.com/"https://www.kiwibiosciences.com//">Kiwi Biosciences</a></strong></strong> (YC S21) has a similar story. Anjie Liu started the company to solve her own pains with irritable bowel syndrome. She had a founding scientist to tackle R&D, but wanted a co-founder to help her build a consumer brand and commercialize the product.</p><figure class=\"kg-card kg-image-card kg-card-hascaption\"><img src=https://www.ycombinator.com/"https://blog.ycombinator.com/wp-content/uploads/2021/11/kiwi.jpeg/" class=\"kg-image\" alt loading=\"lazy\"><figcaption>Anjie Liu and David Hachuel, co-founders of Kiwi Biosciences (YC S21).</figcaption></figure><p>When Anjie saw David Hachuel’s profile on YC co-founder matching, she knew that he was “exactly what [she] was looking for.” David had previously sold a startup in the same space, and was immediately interested in her idea.</p><p>They took a very structured approach to co-founder matching. Both founders answered all 50 questions posed in <a href=https://www.ycombinator.com/"https://proof-assets.s3.amazonaws.com/firstround/50 Questions for Co-Founders.pdf/">First Round’s co-founder questionnaire</a>. They found deep alignment on “all the important things” (conflict resolution, vision for culture, etc.). When their month-long trial ended and it came time to say go or no-go, the decision was easy.</p><p>Anjie and David worked remotely for four months and finally met in person after getting into YC. They went through YC and <a href=https://www.ycombinator.com/"https://techcrunch.com/2021/10/14/kiwi-bio-aims-to-free-irritable-bowel-syndrome-sufferers-from-restrictive-diets//">raised $1.5M</a>.</p><p>We’re ecstatic about the companies who met through our co-founder matching and we’re excited to see the platform continue to grow and support more awesome founders in the future!</p><p>Looking for a co-founder? 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If you message a candidate and they accept, we match the two of you.","reading_time":2,"access":true,"og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"email_subject":null,"frontmatter":null,"feature_image_alt":null,"feature_image_caption":null},{"id":"6335a9276c330f000113fa77","uuid":"b5d30051-751f-4231-bac3-84aa004a3e80","title":"Women Engineers in Startups: Tess's Story","slug":"women-engineers-in-startups-tess","html":"<p>Last year we launched the first *<a href=https://www.ycombinator.com/"https://www.ycombinator.com/events/yc-women-eng-in-startups-2022/">Women Engineers in Startups</a> series, and our goal was to encourage more women to consider working at high-growth startups.</p><p>Why?</p><p>At YC, most of us have worked at or started startups, and they’ve changed our lives for the better. We’ve seen, firsthand, the impact they can have on one’s life and career. The amount you learn is immense, and a lot of early startup employees go on to start their own companies. </p><p>We believe the opportunity should be explored by every hard working, ambitious person.</p><p>Yet, when we spoke to our founders, we learned that very few women engineers apply for jobs at YC companies. We wondered whether there were misconceptions about startups that we could help clear up, or whether there were resources we could build to connect more women to startup opportunities. </p><p>So, we brought together a cohort of women engineers and introduced them to YC founders, engineering managers, recruiters and women who had joined YC startups as early engineers. They came together for three weeks, learned about what startups are looking for, what the work/life balance was like at various companies, and what they should think about and ask when considering companies and roles. </p><p>At the end of the first session, we were delighted to see a few women from that first cohort accept roles at YC companies. </p><p>One participant in that first cohort, Tess Huelskamp, accepted a role at <a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/middesk/">Middesk (YC W19), a fast-growing company that helps b2b financial services companies verify business customers. She shared her experience and advice for thinking about joining a startup here: </p><blockquote><em>Prior to working at my startup Middesk, I worked for a few years on Dropbox's Sharing team on a lot of backend changes to make it easier to share files and folders within Dropbox. </em><br><br><em>After a few years at Dropbox, I had learned a lot about how to build and ship code, but my learning was slowing. I always knew that I wanted to work at a startup before I moved home to the Midwest, and I figured this was the time to do it.</em><br><br><em>Before participating in the YC Women Eng in Startup series I didn't know a lot about the startup lifecycle. I didn't know what \"pre-\" vs. \"post-seed\" meant and I didn't know what type of work startups do as they move from trying to find product-market fit to scaling up their company. It helped me better identify the stage and type of company I wanted to work at.</em><br><br><em>When I started my job search, I knew I wanted to work at a post-Series A company that had a great culture, healthy work-life balance, and an interesting product. I found Middesk through the </em><a href=https://www.ycombinator.com/"https://www.workatastartup.com//">Work at a Startup</em></a><em> job board and took an informational call to learn more. As I was interviewing, I got a great vibe from the team at Middesk and respected all of the people I talked to.</em><br><br><em>I've been happily surprised with the breadth of work I've been able to do at an earlier stage company.</em><br><br><em>Established companies already have a lot of key features built, so the impact you can have is limited to improving an already existing feature. At an earlier stage company, I've been able to have a huge impact on my company by scaling, improving core business flows and also building multiple features from the ground up.</em><br><br><em>Earlier in my career, I was scared to move to a startup because I didn't think that I knew enough about engineering to be able to contribute to a startup. If I were to do my career over again, I would've left a larger company as soon as I felt my growth stalling out, because I could've easily handled working at a startup once I had learned how to ship projects at a larger company.</em></blockquote><p><strong>We’re hosting the second Women Engineers in Startups series this fall. Learn more about it </strong><a href=https://www.ycombinator.com/"https://www.ycombinator.com/blog/women-engineers-in-startups/">here.
The digital currency Bitcoin could help. Coinbase, a digital wallet and platform that lets anyone with a US bank account buy and trade Bitcoin currency, announced last week that it is now supporting instant, free micropayments, in Bitcoins, with none of these drawbacks. In a blog post, Coinbase CEO and founder Brian Armstrong wrote that Coinbase would start handling small – typically under $1 – Bitcoin transactions “off-blockchain”. That means each one wouldn’t have to go through the algorithmic validation process across the whole Bitcoin network, which can take a few minutes or more, but would instead be sent directly between two Coinbase accounts and validated later.
These microtransactions could let users read the rest of a New York Timesarticle for a few cents instead of signing up for a full monthly subscription, Armstrong wrote, or “pay for Wi-Fi internet metered by the minute (or second!) if you just need to check one email” or “support your favorite artists or coders with a tip”.
Y Combinator created a new model for funding early stage startups. Twice a year we invest a small amount of money ($150k) in a large number of startups (recently 200).
The startups move to Silicon
![](https://www.ycombinator.com/"https://ghost.prod.ycinside.com/content/images/2022/09/6.jpg/")
