In early 2004, some of the frost left behind by the dot-com bust had begun to melt away. And though funding for tech start-ups was nowhere near the stratospheric levels of 2018, the year would come to be known as one that defined the modern social Web. That February, Mark Zuckerberg launched TheFacebook.com out of his Harvard dorm room. Ev Williams left Google to found Odeo, the precursor to Twitter. And Paul Graham, an entrepreneur in Cambridge, devised a way to fix the Internet.
Graham and his then-girlfriend, Jessica Livingston, a marketing executive, contributed $100,000 to what Graham had dubbed his “little experiment”—a way to give scrappy teams of programmers a leg up, outside the venture-capital churn of Silicon Valley. …. Read more