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YP company Inbox (it's Xobni spelled backwards) launches new product

Y Permutator is an old kind of venture firm. You know Y Combinator, the new kind of venture firm that turned startup funding on its head? Well, Y Permutator turns that on its head again. We're getting the whole startup financing thing back on its feet. Because, you know, who wants to always be standing on their head?

We invest primarily in enterprise software startups targeting the Fortune 497 (three of them were prior portfolio companies and will not return our calls). Because we're all investment bankers ourselves (or were once, back when we had jobs), we prefer groups with a lot of technical shallowness.

Lets face it, if you had technical depth, you'd be smart enough to keep that day job and not pursue a startup in the first place. We care more about how desperate you are than how old you are, and more about the width of your business plan than the depth of your passion.

But, that's not all. There are so many ways we're innovating on the YC model. Here are just a few that we just made up:

  • Applications? You don't need no stinkin' applications! Instead of applying to us, we come find you. We've hired associates, all with MBAs from Harvard, that know all the popular startup hangouts around town. They'll come find you.

  • We have a simple formula for the amount invested: $4 million + $1 per line of code written.

  • Instead of complicated legal documents that screw you, we have simple ones . We call it "convertible equity" (so, instead of you paying our legal fees, you just buy us a new convertible). Sure it costs you a little bit more money, but it's really our money anyways because you besides you don't have diddly-squat in your bank account.

  • Heard of the lean startup movement from folks like Eric Ries? We turn that on it's head too. We start by making you a fat startup. Then, you work your ass off, so you build muscle. You'll kick the bony asses of all those startups that start lean and get way too skinny. You need some high octane calories to win the race and reach the peak of the mountain.


    • Want to learn more?     Join us on Facebook where we'll reveal more (as soon as our intern gets back, because we're not exactly sure how to post updates there).




    Copyright 2010, Y Permutator Partners (yes, we took the "Partners" out of our domain name -- we're just that cool).