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  • 53 Days of YC W14 (Day #20)
    Startup: Zinc
    1-sec Pitch: Automate retail sales
    Site: http://zinc.io/

    Q&A w/ co-founder Max Kolysh:

    1. How did you come up with the idea? 
    We initially started YC with an API for buying anything online. We decided to leverage that technology to bring value to consumers directly. We basically asked a bunch of people what their biggest pains in e-commerce were. The biggest one, by far, was that people didn't want to price shop in order to find the best price -- so, we solved that for them.

    2. Where were you when you heard you got into YC? 
    Back at MIT.

    3. What was the single best thing about YC?
    The network. Other founders, the partners, and alums are all incredibly willing to help out, super quickly, whenever you need anything.

    4. If you succeed in five years, what will your startup look like? 
    We would be the biggest, easiest, and simplest online marketplace.

    5. Why (this idea) now?
    The future of shopping won't be looking for promotion codes, figuring out which rewards cards you want to use, and checking a bunch of different sites. As soon as you know what you want to buy, you should be able to have it at the best possible price and the best possible experience, immediately.

    6. What's your unfair competitive advantage in the space? 
    We aren't afraid of "being like water" and quickly adapting to people's needs and desires.Screen Shot 2014-04-20 at 122722 PMpngSee all YC W14 coverage here: http://launch.co/tag/yc%20w14
    Previously covered startups incl Immunity Project, Vidpresso, Eventjoy, Ambition, Taplytics, Orankl, TrueVault, Sendwithus, Zidisha, Algolia, Move Loot, 42, One Degree, Sketch Deck, Terravion, Weave, Two Tap, CodeCombat, StackLead.

  • @CBinsights uses the Investor Mosiac algorithm used for VC firms to assess top angel investors; 16 investors, who are part of the AngelList Syndicates program, met the established criteria of $150K+ in commitments & have syndicated a deal; @Jason was #1; @nist & @cyantist, @tferriss, @gilpenchina & @eladgil rounded out the top 5 - Link

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  • @Jason explains why he invested $378K in @calmdotcom, a startup that VC's won't fund due to being 'so far left center'; he wished to try the power of @AngelList Syndicate, a 'revolution' that could allow angel investors to fully fund a founder; he finds his job is to challenge the syndicate w/ deals considered risky b/c those that do reap the unfair rewards - Link

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  • Security-vulnerabilty discovering startup @Synack raises $7.5M in Series A funding; the funding came from @kpcb, @GoogleVentures, Allegis Capital & Derek Smith, CEO of @ShapeSecurity; the co plans to further expand its network of experts & bring on a sales & marketing team - Link

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  • @xapo announces @MasterCard debit card that ties into its Bitcoin wallet product; orders on the card begin today, & should ship within 2 mo's; the card offers the same functionality as a bank card, but processes Bitcoin transactions in realtime - Link

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