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Y Combinator, the startup accelerator, gets its name from the 'Y combinator' computer science concept.

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Additional insights we found via Lucas F. Costa
Specifically, something called a “Y combinator” in computer science is a function that runs programs, just like the Y Combinator startup accelerator runs a program that helps grow startups.
Paul Graham, Jessica Livingston, Robert Morris, and Trevor Blackwell cofounded Y Combinator in 2005 in an effort to create a new, more efficient, and standardized model for seed funding.
Graham, Morris, and Blackwell had previously cofounded a technology startup called Viaweb that sold to Yahoo in 1998 (Livingston had been dating—and later married—Graham).
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