Instagram's $1 billion Facebook deal has proved a hot topic among the most recent crop of Y Combinator graduates. Among them is Nikki Durkin, the 20-year old Australian founder of 99dresses, which secured $17,000 from the most recent round of funding from the legendary Silicon Valley incubator, and who is currently in the US meeting potential investors.
IT hosting and cloud computing provider, New York Stock Exchange listed Rackspace Hosting, has brought to Australia and New Zealand its zero cost Rackspace Startup Program that provides free cloud hosting and support services to local incubators that want to encourage their startup companies to use the cloud computing model of IT service delivery, and has named Sydney-based Pollenizer as its first customer.