Top 5 Liner Highlights on Y Combinator
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About Y Combinator
19 Highlights — http://lnr.li/Zz1xU
- Some companies may need no more than seed funding. Others will go through several rounds. There is no right answer.
- At Y Combinator, our goal is to get you through the first phase. This usually means: get you to the point where you’ve built something impressive enough to raise money on a larger scale.
- We think of the money we invest as more like financial aid in college.
- You just fill out an application form. We invite the most promising groups to meet us in person, and we make funding decisions.
- Y Combinator has a huge alumni network, and there’s a strong ethos of helping out fellow YC founders.
Apply to Y Combinator
19 Highlights — http://lnr.li/UnHxy
- If we invest in you, your group is expected to move to the Bay Area for January through March 2017.
- Y Combinator doesn’t supply office space. We have space you can use if you need to, but we expect you to work out of wherever you find to live.
- International founders, please note: if your company is a non-United States entity (corporation, limited liability company, etc.), your participation in YC is conditional on conversion of your foreign company into a United States corporation.
- You must have at least 10% equity in the startup to be considered a founder by Y Combinator.
How to write a winning Y Combinator application
11 Highlights — http://lnr.li/tncoj
- The best advice (to use a Paul Graham-like koan) is “to just be really good.”
- Team: Does the team gel, have a history of making things that work, and have an understanding of their space?
- Idea: Is this something people would want? Does it solve a real problem?
- Traction: Can you prove that users want this? Do you have a prototype? Do you have customers? Will they pay for your product? Show the data.
- So the only way to get an admission officer’s attention is to have done something unique that sets you apart.
The Muse’s Successful Application to Y Combinator (W12)
27 Highlights — http://lnr.li/J6h2X
- The Daily Muse is building a massive community of job-seeking women to rival The Ladders. We curate high cache job opportunities.
- I spent 77 days traveling around the world and only paid for a hotel room once; instead I stayed with friends from the year I spent living abroad, former colleagues from my time working at the UN.
- Starting in September 2010, all three cofounders began working on a venture called PYP Media, which was the predecessor to The Daily Muse.
- All three founders met while working together at McKinsey & Company in the summer of 2008.
- No one is currently tackling the “smart content for women” space, and it’s one we can begin to capture with front runner advantage.
Dropbox’s 2007 Y Combinator Application — Dropbox
12 Highlights — http://lnr.li/kuzdj
- Dropbox synchronizes files across your/your team’s computers. It’s much better than uploading or email, because it’s automatic, integrated into Windows, and fits into the way you already work.
- (1) team members need their important stuff in front of them wherever they are, (2) everyone needs to be working on the latest version of a given document (and ideally can track what’s changed), (3) and team data needs to be protected from disaster.
- Competing products work at the wrong layer of abstraction and/or force the user to constantly think and do things. The “online disk drive” abstraction sucks, because you can’t work offline and the OS support is extremely brittle.
- Email themselves attachments. Upload stuff to online storage sites or use online drives like Xdrive, which don’t work on planes.
- Google might finally unleash GDrive and steal a lot of Dropbox’s thunder (especially if this takes place before launch.)
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