Copying Y Combinator - If there's a right way, what is it?
rms: In Pennsylvania, the "Y Combinator clones" AlphaLab and DreamIt Ventures are funded by the state of Pennsylvania (and a DreamIt partner is running for Congress!). AlphaLab is an overt incubator run by a larger early stage investment group and DreamIt is more of a direct YC Clone. The goal of the money they are given is to create jobs. Their motivations get more complicated when the taxpayers are footing the bill.Probably the most common flaw in cloning Y Combinator is to make an incubator investing in micro seed magnitudes. Y Combinator is not an incubator; it's a micro seed stage fund. http://seedfunding.weebly.com/