Medical Crowdfunding Site Watsi Becomes Y Combinator’s First Nonprofit

watsiThe closely watched startup program Y Combinator said today it was backing peer-to-peer medical funding site Watsi, its first nonprofit investment after eight years and hundreds of startups.

“I’ve never been so excited about anything we’ve funded,” Y Combinator chief Paul Graham wrote in a post about Watsi today.

Watsi Medical Crowdfunding PortalWatsi is a peer-to-peer platform that connects medical patients to donors and sends 100 percent of donations through. The organization’s own costs are covered by separate donors.

Graham said he first found the site on the YC-run news aggregator Hacker News, where Watsi pitched itself to readers last August and received much acclaim.

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