Apollo is the latest initiative of Sam Altman, former President of Y Combinator, and his siblings Max and Jack. We’d like to try something new — doing seed rounds quickly for moonshot companies. A network of moonshot companies could be the modern-day version of the great research efforts of the past.
Moonshots are the “big ideas” – tough to get funding for, beyond the risk appetite of most investors, or too technically challenging. Often, the exceptionally talented scientists working on these moonshot ideas don’t have access to capital or don’t think starting a company is possible. Apollo’s mission is to fund the people working to turn these ideas into reality and create moonshot companies. A moonshot company is a company focused on a significant technological development or complex coordination that could have a transformative impact on the world.
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