Reddit backer funds weapons start-up focused on ‘budget missiles’ Investing Start-up incubator Y Combinator, which has backed companies such as Airbnb, Reddit and Coinbase, has made its first ever investment in a weapons company, which plans to produce “budget missiles” for the US military. Ares Industries, which is based in California, aims to produce “smaller, less expensive cruise missiles” for the US Department of Defence [...]