Applications Deadline: October 13, 2023
Y Combinator (YC) is renowned for its two 3-month programs, one running from January through March and the other from June through August. This intensive program is designed to help startups achieve significant growth. Whether you're just getting started or have been in the game for a while, YC aims to transform your startup within those three months.
The Ultimate Goal
YC's overarching objective is to propel startups to new heights. Startups join YC at various stages of development, from mere concepts to businesses with a year or more in operation. Regardless of where you start, YC's mission is to ensure you're in substantially better shape by the end of the program.
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For most startups, this means two key things:
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Improved Product and User Base: YC strives to help you build a better product that attracts more users. It's about refining your offering and increasing your market reach.
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Enhanced Funding Opportunities: YC seeks to provide you with more options for raising capital. Whether through venture capital or other means, the goal is to open doors to financial resources.
The YC Intensity
One word that aptly describes YC is "intensity." For 3 months, it's an all-out sprint, with your startup front and center. Everyone at YC is invested in your success, from the founders and alumni to the guest speakers and investors. This atmosphere is a potent motivator, igniting the extraordinary drive needed to navigate the challenging journey of launching a startup.
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Many YC founders recount the 11 weeks leading up to Demo Day as the most productive period of their lives. While YC's support continues after the program, these 11 weeks are the crux of the experience. The right conditions, coupled with the untapped potential of the founders, lead to remarkable achievements.
The YC Investment
YC invests $500,000 in every participating company, structured as follows:
- $125,000 on a post-money safe, entitling YC to 7% of your company.
- $375,000 on an uncapped safe with a Most Favored Nation (MFN) provision.
Structured Groups
Startups in YC are organized into four groups, each led by group partners who offer guidance during one-on-one and group office hours. These groups are further divided into sections, ensuring founders benefit from an intimate setting within the broader YC cohort.
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Office Hours
A significant portion of YC's value is delivered during office hours. Group partners conduct group office hours every two weeks and offer one-on-one sessions as frequently as founders require. The content of these discussions depends on your company's stage and where you are in the YC journey.
A Multifaceted Program
YC's programs encompass various elements that contribute to your startup's growth:
- Bookface
- Batch Retreat
- Tuesday Talks
- Public Launches
- First Customers
- Weekly Meetups
- Demo Day
In addition to these program components, YC offers ongoing office hours, a Series A Program, an alumni community, an alumni reunion, access to founder communities, Alumni Demo Day, exclusive deals, enhanced credibility, a company directory, and even hiring opportunities through Work at a Startup and Hacker News.
This transformative experience is designed to empower startups and change the trajectory of their success. We look forward to your application and the opportunity to work with you on your startup journey at YC!
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