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Sam Odio sells Divvyshot to Facebook

A HUGE congratulations to my brother Sam Odio, who just yesterday sold his startup, Divvyshot, to Facebook.

Sam has been working hard on Divvyshot for the past 2 years. He was initially funded by Paul Graham's Y Combinator fund (a micro-fund approach that I consider to be a new, and better, model of VC funding). In fact, here's an early video he and his friend John put together when applying for Y Combinator (only a prototype of the actual service existed at that point).

Sam and his team will be moving over to run and grow Facebook Photos. The most amazing part of all this to me personally is that Sam is now going to be able to affect the way 400 million Facebook users interact with one of the most popular features in Facebook. Just amazing.

You can read the articles on Mashable and Techcrunch by clicking on the images:

How We Applied to Y Combinator

On Tynan

I mentioned last week that I had a deadline which I was working towards. I'm going to explain a bit more about this because a) it's consuming my life these days and b) I have the feeling this is going to be the beginning of something big. If it is something big, I think it might be interesting to hear it from the beginning.

What is Y Combinator?

Y Combinator is a "startup accelerator". Since that doesn't mean much, I'll explain how it works. You and your cofounder apply to Y Combinator. If they like you and your startup idea, they give you around $20k in exchange for a small piece of your company.

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