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Anthony Harvey/Getty Images for TechCrunch

Entrepreneur and investor Justin Kan said on Monday he's venturing out on his own after three years at Y Combinator, a prestigious startup accelerator program in Silicon Valley.

Through his new incubator, called Zero-F, he'll provide extremely hands-on guidance to nascent startups, with everything from assembling the initial team, to building the early prototypes, according to TechCrunch. The new venture already has three startups in its portfolio: Whale, a Q&A app; ScriptDash, an online pharmacy and delivery startup; and an undisclosed company in the legal industry.

"Y Combinator is excited to work with Justin as he launches Zero-F. He has been an amazing YC entrepreneur and mentor and we are confident that he will continue to help founders create billion startups for years to come," Y Combinator CEO Michael Siebel said in a statement.

The plan: Zero-F will add two or three new startups every year, according to TechCrunch. and will finance the entire thing himself without outside investors, and will put in between several hundred thousand and one million dollars to kick new projects off.

Track record: Kan has been quite successful as both entrepreneur and investor. His startup Justin.tv, an early take on live video broadcasting, eventually morphed into Twitch, the video game broadcasting company Amazon acquired for nearly $1 billion in 2014. He's also invested in companies like Cruise, which GM bought for nearly $1 billion.

The story has been updated with a statement from Y Combinator.

Go deeper

Updated 2 hours ago - World

North Korea claims latest missile test new weapon launched from submarine

North Korean state media claims the country's military fired this missile on Tuesday. Photo: Korean Central News Agency

North Korean state media announced that a detected ballistic missile launch off its east coast on Tuesday was a newly developed weapon test-fired from a submarine.

Why it matters: Pyongyang's latest in a series of recent missile launches into the sea happened hours after U.S. officials emphasized their commitment to restart negotiations on North Korea's nuclear weapons program, which have stalled since talks broke down during the Trump administration, AP notes.

4 hours ago - Politics & Policy

Manchin's massive means test

Illustration: Aïda Amer/Axios

Sen. Joe Manchin (D-W.Va.) is offering progressives a trade: He'll vote for their cherished social programs if they accept strict income caps for the recipients, people familiar with the matter tell Axios.

Why it matters: Manchin’s plan to use so-called means-testing for everything from paid family medical leave to elder and disabled care would drastically shrink the size and scope of the programs. It also would bring a key moderate vote to the progressive cause.

The China whisperer

Nick Burns. Photo: Chen Mengtong/China News Service via Getty Images

President Biden's nominee for ambassador to China will face aggressive questioning Wednesday about the most important, and potentially perilous, bilateral relationship in the world.

Why it matters: While Nick Burns is an experienced diplomat with support on both sides of the aisle, lawmakers want to use his confirmation hearing to force the administration into some tough positions on China.