1:44

Request for Startups: Government 2.0 - Michael Seibel

Name: Request for Startups: Government 2.0 - Michael Seibel
Uploaded: 2019-07-22T21:48:06.608Z
Duration: 1 min 44 s
Description: Y Combinator is launching a Request for Startups (RFS) for "Government 2.0," seeking for-profit software companies that solve problems government should address but does not. Michael Seibel emphasizes that Silicon Valley investors are eager to support founders with a larger social mission, as long as the startup is a real, for-profit business leveraging software.

From Y Combinator · Published Jul 22, 2019 · Watch on YouTube

TL;DR

Y Combinator is launching a Request for Startups (RFS) for "Government 2.0," seeking for-profit software companies that solve problems government should address but does not. Michael Seibel emphasizes that Silicon Valley investors are eager to support founders with a larger social mission, as long as the startup is a real, for-profit business leveraging software.

Key insights

Many people believe Silicon Valley is uninterested in improving society, but YC's experience shows investors are "ridiculously excited" to back founders with a social mission.
A Government 2.0 startup must be a for-profit business (YC invests only in tech companies) and must leverage software in an important way.
YC has already funded multiple startups in this space, including those addressing food stamp access, healthcare access, and mass incarceration.

Want the full analysis - every claim cited to the second it was said?

This page only shows a teaser. Sign up to chat with the complete, cited breakdown of "Request for Startups: Government 2.0 - Michael Seibel".

Chat with this video