Welcome to the another Bizzbucket post, in this post we will see quick details of Y Combinator.
YC is a startup accelerator that selects a batch of startups twice a year and provides them with a funding amount of about $ 125,000 ( previously $150,000) at equity of about 7%.
YC winter batch starts in January and ends in March while the summer batch starts in June and continues till August.
After getting selected in YC startups get reshaped into proper businesses with proper business plans and after three month period, each selected startup has to pitch on demo day for investment opportunities.
YC is founded by Paul Graham, Jessica Livingston, Trevor Blackwell, and Robert Tappan Morris in 2005. Currently, YC startups have raised more than 25$ billion and its portfolio includes startups like Airbnb, Stripe, Quora, Dropbox, Gitlab, Doorbash, etc.
“Y Combinator is the best program for creating top-end entrepreneurs that has ever existed.”Marc Andreessen, General Partner, Andreessen Horowitz
“I doubt that Stripe would have worked without YC. It’s that simple. Acquiring early customers, figuring out who to hire, closing deals with banks, raising money – YC’s partners were closely involved and crucially helpful.”Patrick Collison, Founder, Stripe (YC S09)
YC Startup School:
Startup School is a free online program and global community of founders. YC claims 44% of companies accepted into YC are Startup School alumni.
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What is YCombinator?
YCombinator in short known as YC is one of the most desirable places for early-stage startup founders, till now YC has shaped more than 20 unicorn startups. YC is a startup accelerator that selects a batch of startups twice a year and provides them with a funding amount of about 150,000 $ at the equity of about 7%.
Who founded YCombinator?
YC is founded by Paul Graham, Jessica Livingston, Trevor Blackwell, and Robert Tappan Morris in 2005.