What is a YC backed company?
Y Combinator (YC) is a startup fund and program. Since 2005, YC has invested in nearly 3,000 companies including Airbnb, DoorDash, Stripe, Instacart, Dropbox, and Coinbase. The combined valuation of YC companies is over $300B. YC has programs and resources that support founders throughout the life of their company.
How successful are YC companies?
Despite being extremely selective (with about a 1.5% acceptance rate), almost 20% of YC startups have already failed.
What is YC W21?
Y Combinator’s latest batch — W21 — features 350 startups from 41 nations. Fifty percent of the firms, the highest percentage to date, in the new batch are based outside of the United States. “YC going remote has helped make YC more attractive to companies at different stages and far away geographies.
How much equity does YC?
Y Combinator interviews and selects two or more batches of companies per year. The companies receive seed money, advice, and connections in exchange for 7% equity of the company. The program includes “office hours”, where startup founders meet individually and group meetings.
Who founded YC?
Paul Graham
Jessica LivingstonRobert Tappan MorrisTrevor Blackwell
YCombinator/Founders
Who reads YC application?
Get to the point Back in the day, each YC partner reads every application over a period of about 10 days — that is no longer true. Alumni reviewers do the first pass, and then each partner still reads 70-100 applications per day.
Is it hard to get into YC?
Getting into YC is tough. That rumored acceptance rate of 1.5% for both the winter and summer programs means competition is tough. But you know what acceptance rate is even lower than 1.5? Zero percent — which is what you’ll experience if you don’t apply.
Do all YC companies get funded?
We fund companies doing everything from building mobile apps to diagnosing cancer. We’ll happily fund companies that just started and have nothing more than an idea. And we’ve funded companies that had over $20M in annual revenue and over 50 employees.
What is YC acceptance rate?
If you’re a founder or employee at a startup you may have heard of Y Combinator. It’s one of the most sought-after Silicon Valley accelerators that’s harder to get into than Harvard and a complete game-changer for startups. Depending on your source, the Y Combinator acceptance rate is between 1.5% to 3%.
Is YC S21 remote?
At the end of the 3 months, the companies each get one minute to pitch investors and media from all over the world. Everything about YC was previously done in person, but since the pandemic hit in March 2020, YC has been remote, including Demo Day. The conclusion of S21 was the 4th remote demo day.
Does YC negotiate?
Some sources told us that YC does negotiate, but it wasn’t clear what the negotiable margin was. The average seed deal in 2018 was $2.2M (~20%). So, to match the dilution to a founder who didn’t do YC, a YC founder needs to raise a subsequent seed round of $2.1M for 13% of the company.
Where can I see Demographic data on YC’s companies?
Discover YC companies by batch, industry, region, and company size. To see demographic data on our batches, check out our blog. You can also see YC’s top companies and pages for underrepresented founders here: Book accommodations around the world. Restaurant delivery.
What’s new in the YC startup library?
Over the past 15 years, we’ve created many videos, podcasts and essays as resources for startup founders. We’ve now consolidated them here in the YC Startup Library.
Is there a YC seed deck template that works?
Here is the YC Seed Deck Template that works. Mark Zuckerberg, co-founder & CEO of Facebook, discusses his journey as a founder, including his first idea of a course directory to the hardest decisions he’s had to make and more. What does a growth team do and why should we set up a growth team?