When Russian investor Yuri Milner approached Y Combinator’s Paul Graham about a week ago, Graham said he thought it was just “one of those random meetings” between two investors talking shop. Yuri Milner, whose Russian investment firm has made bold bets in high-flying Internet companies Facebook, Groupon and Zynga, surprised the start-up community by teaming up with prominent angel investor Ron Conway to invest $150,000 in companies coming out of Y Combinator's incubator program. The head of Y Combinator talks to us about this offer.
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