These technology firms all received mentorship and money from Silicon Valley’s so-called startup machine, Y Combinator. Now, for the first time in its nine-year history, the accelerator program is actively recruiting health-technology startups. To attract top talent in healthcare and biotech, Y Combinator recently tapped medical executive Elizabeth Iorns as a part-time partner. Sam Altman, Y Combinator’s president, told Reuters he expects to see a growing number of venture capitalists investing in early-stage biotech and digital health companies. “When we move into a new area, the venture capitalists usually don’t like it,” he said. “It takes them a couple years to come around.” But increasingly, Silicon Valley is opening its checkbook to health url startups.
Silicon Valley startup accelerators on the hunt for health-tech talent – Yahoo News