For those of you thinking whether or not a program like BetaFish is really worth your time, watch the video and read the excerpt from the a story about how the Pulse News Reader got its start!! 

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STANFORD, CA—Here on campus, a couple of undergrads successfully built their own Y Combinator. It launches today.

It’s called SSE Labs and it is modeled after the incubator Y Combinator, except it take zero equity. One company in its portfolio is already making waves, Alphonso Labs. Alphonso created the Pulse News Reader app for the iPad, which is the top paid iPad app in iTunes right now. Aksahy Kothari and Ankit Gupta are founders.

The inaugural startups are:

Alphonso Labs—iPad news reader, with plans to expand to the iPhone and Android.
Think Bulbs—Builds mobiile photo discovery apps for the iPhone
FountainHop—Building an event mapping platform that intelligently and intuitively gives users access to geo-temporal data relating to their physical surroundings.
Naquatic—iPhone and iPod Touch game developer creating large scale, online, social games starting with world conquest games.
Black Swan Solar—Goal is to make solar energy cheaper than coal.
InvestAway—A platform for delivering personalized, professional advice to individual investors.
MyLinkPower—Help professionals get jobs through their social networks.
Motion Math—Create educational games that kids love and parents trust. Inspire kids to learn by creating intuitive understanding through mobile game play.
Loki—Location-aware mobile gaming.

click HERE to read the entire story