The Y Combinator alumni have launched a new $34 million fund dedicated to YC startups.

Investing in a Y Combinator startup can lead to you Important Returns For investors.

“Looking at the data, 6% of YC companies become unicorns, and 6% of those 6% become big cones,” Kulveer Taggar told TechCrunch. Taggar is the two-time YC alum best known for the establishment of Zeus Living. $150 million in funds.

Taggar is very confident in the possibility of continuous returns offered by the well-established accelerators he established. Lin Capitala venture company dedicated to investing in YC companies. Since launching last year, Lin has raised $34 million in capital from two funds.

While the only venture capital firm focused on YC startups (not the only venture capital firm where Pioneer Funds and Rebellion Funds have adopted a similar strategy, the company is the only dedicated YC fund led by solo general partners. And because of Taggar’s long relationship with YC, he also caught YC CEO Garry Tang as an investor in the fund, he says.

Taggar’s relationship with Y Combinator began in 2007 when his cousins ​​Hal Jaguar and future Stripe founders Patrick and John Collison brought the startup automatic through the program. A year later, the auction went on sale, but that experience was key to building a strong connection with top accelerators.

He went through the Y Combinator again in 2011. This time, along with Zeus Living, we are a startup that purchased the home to offer furnished accommodation in flexible business and individual travel conditions. Current YC Chief Garry Tan, Red Zeus Living Series A funding and initialized capital co-founded by Tan I joined the board.

At that peak, the startup was rated Over $200 million According to Taggar, the annual revenue occupancy rate was around $120 million.

But Zeus encountered it Important counterwinds When interest rates surged a decade ago and the startups were sold to competitors’ Blue Grounds in late 2023 on private terms.

Taggar launched the phosphor just a few months after leaving Zeus. He told TechCrunch he was particularly excited by the opportunity to invest in a young AI startup and the leadership of Garry Tan’s prestigious accelerator. “You can see this as a bet on Garry. I think he’s taking Y’s combinator to a new level,” Tagger said.

Unlike many people Emerging ManagerTagger raised the funds relatively easily. Beyond Tan, he says his other LPs include Zeus investors. “I had a relationship and track record with them, so they knew me and they knew how hard I worked,” he said.

Others include the family office and a large asset manager who bets on Taggar for his deep connections and years of connections with the Y Combinator.

“Kulveer has been called an OG alum since the early days of YC,” said Jared Friedman, partner at YC. “He’s close to me and close to many of the people who currently run YC.”

Taggar’s background as YC alum and founder was also part of LPS’ draw to Lin, which was a profit for the founder. “Zeus was a company that was extremely difficult to run. He has so many combat scars from doing this difficult thing in the physical world,” Friedman said. “He’s heard this from the founder that he has incredibly empathetic to what they are going through because he’s experienced it all himself.”

The phosphor writes checks ranging from $100,000 to $500,000. The company has already supported over 200 YC companies and has posted several Series A funding, including workflow automation platforms. Gum Loop and AI Meeting Manager Circle Back.