Y Combinator pioneered a new model for funding startups. Their major innovations include funding companies in batches, giving standardized terms, and having weekly dinners that culminate in a demo day to a group of investors. The firm was originally funding startups in Cambridge, MA for their summer batch before moving both summer and winter batches to Mountain View, CA.
Y Combinator’s motto is "Make Something People Want". The program aims to focus the founders on further developing their product, team, and market, as well as refining their business model, achieving product/market fit, and scaling the startup into a high growth business.
The program culminates at Demo Day. An event where startups present their business to a selected audience of investors. As of 2016, Y Combinator had invested in ~940 companies including Dropbox, Airbnb, Coinbase, Stripe, Reddit, Zenefits, BuildZoom, Instacart, Twitch.tv, Machine Zone, Weebly, Paribus, and Chinese startup Raven Tech. Non-profit organizations can also participate in the main YC program.
Y Combinator also operates Hacker News, a social link sharing site where users can submit and share news. The front page consists of 30 links at a time, sorted via an algorithm that takes into account upvotes from the community. According to SimilarWeb, the site receives over 20 million visits per month.
New Standard Deal - post-money SAFE
Y Combinator announced the change to the standard investment deal. YC increased their investment from $120K to $150K. The $150K investment for 7% will be made on a post-money cap SAFE (Simple Agreement for Future Equity).
Y Combinator moves to Silicon Valley year round
Previously, Y combinator had alternated between Cambridge, MA and Silicon Valley.
"Make Something People Want" motto adopted
The phrase described in Paul Graham's Be Good post is still used as the Y combinator motto.
Ginkgo Bioworks is a biotechnology company using machine learning techniques and lab automation to engineer microorganisms as a service.
Zenefits is a human resources company. It provides a digital HR platform for small and medium businesses.
Momentus is a YC Summer 2018 batch company developing the in-space rockets powered by water plasma engines and based in Santa Clara, CA
Brex is a credit card company that issues corporate credit cards.
A microventure capital firm and syndicate in California that focuses on seed and early stage investments.
Payroll and benefits company. It participated in the W12 cohort of Y Combinator.
OpenDoor is a real estate company based in the US.
Stripe is a financial technology company providing software that allows businesses and individuals to make and receive online payments.
Biotechnology microbial genomics company based in San Francisco
A platform that enables users to search for building contractors.
Driverless truck company based in San Francisco, California.
U.S-based e-learning platform teaching coding, UX, and data science.
Airbnb provides an online platform for listing, searching and booking rental accommodations.
A mobile application allowing its users access their office, building or apartment
inDinero is a company developing software for tracking and managing for startups and small businesses.
DrChrono is a company providing EHR, Practice Management, and Revenue Cycle Management Solution APIs. It participated in the W11 cohort of Y Combinator.
Webflow is a company providing a design and hosting platform for users to create websites.
Segment is a company providing a data infrastructure for businesses.
U.S-based 3D media technology company providing worldwide end-to-end virtual media solutions.
SendHub is a company providing an online messaging system for businesses.
An industrial biotech company developing a commercial bioprocess for manufacturing bio-based malonic acid.
The Winter 2020 batch of companies that Y Combinator invested in.
A listing of the companies in the W19 batch
Batch of companies that participated in the Summer 2019 class of Y Combinator.