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YC is known primarily as a place where very early founders create something from nothing by simply applying online and joining the world’s best founder community. When they do, a shocking percentage of them will go on to make a startup worth a billion dollars (on average 6 out of 100 startups in recent batches). YC is rightly known for early stage investing. In recent years, we have also done some
Engineering is typically the function that grows fastest at a scaling startup. It requires a lot of attention to make sure the pace of execution does not slow and cultural issues do not emerge as you scale. We’ve learned a lot about pace of execution in the past five years at Faire. When we launched in 2017, we were a team of five engineers. From the beginning, we built a simple but solid foundati
We want to congratulate Sid Sijbrandij, Dmitriy Zaporozhets, and the entire GitLab Inc. team on today’s IPO! GitLab Inc., from YC’s Winter 2015 batch, is YC’s first open-source company to go public, the first alum of the YC Growth Program to go public, and one of the earliest investments made by the YC Continuity Fund. GitLab Inc. is one of the most innovative companies to participate in YC’s prog
YC's Janelle Tam on how to put together a great Series A pitch and deck.
The world is shaped by people with intelligence, drive and vision. At YC, we’ve learned a lot about cultivating a network of such people — and we believe that having a strong network is such a force multiplier that it is one of the most important assets for anyone who wants to have a significant impact on the world. We’d like to find more curious, creative people who are doing exciting work in eme
We’ve noticed a common problem: founders don’t know what “good” looks like in a term sheet. This makes sense, because it is often, literally, the first time in their careers that they’ve seen one. This puts founders at a significant disadvantage because VCs see term sheets all the time and know what to expect. Because we’ve invested in so many founders over the years and have seen hundreds of Seri
The top Y Combinator companies of all time by revenue
Special contributions from Luke Pryor and Brad Lightcap. Disclosure: I’m a personal investor in Toutiao. Using Machine and Deep Learning to Create and Serve Content, China’s Toutiao Created a Product with Engagement Similar to that of Social Networks – All without a Social Graph Toutiao, one of the flagship products of Bytedance*, may be the largest app you’ve never heard of–it’s like every news f
Edit: Read this update on YC China. I am delighted to announce that Qi Lu is joining YC to launch and run YC China. I have been trying to recruit Qi for many years—he is one of the most impressive technologists I know. Our mission at YC is to enable more innovation than any other company in the world, and to ensure that the benefits of that are fairly spread throughout humanity. We believe that te
Vincent Chen is a student at Stanford University studying Computer Science. He is also a Research Assistant at the Stanford AI Lab. It’s not entirely clear what level of mathematics is necessary to get started in machine learning, especially for those who didn’t study math or statistics in school. In this piece, my goal is to suggest the mathematical background necessary to build products or condu
We’re hosting Startup School again this year. Startup School is a free, 10-week, online course. It’s designed for any startup founder who would like to get help through the earliest, most difficult challenges of starting a company. The course will begin on August 27, 2018 and applications are now open at StartupSchool.org. For the first time ever we are going to give $10,000 in equity-free funding
I wrote Dropbox their first investment check on June 26, 2007. What strikes me as I look at a copy of the check is that Drew and Arash must have been fairly effective at getting all their incorporation paperwork completed. I often had to chase startups well into July. Little did I know back then what a momentous check this one would be: that 11 years later, Dropbox would be the first Y Combinator
Demo Day for our Winter 2018 batch is a week from today. We’re largely focused on preparing companies for their on-stage presentations, but are also working with them on slightly longer decks to use in follow-up conversations with investors. I’ve written about pitching before, and realized that what we were missing was a clear template for how founders should lay out their stories through slides.
Y Combinator has helped thousands of founders create pitch decks for their seed round fundraising. Here is the YC seed deck template that works.
Premises, Promises, and Reality There is a massive divide between the promises of cryptocurrency and the use cases they currently support. Most skeptics point out reasonably that there’s little to show regarding real adoption. At the same time, people in the industry argue that they need time to finish the infrastructure before they can deliver game changing apps. And the tribalism clouding the to
Introduction If you’re here, we assume that you’re a developer/hacker who’s intrigued by the blockchain. You’re convinced that you understand how it works and now you’re itching to figure out what the blockchain means for you and your developer skill set. If you need more of a primer we’d recommend starting with the bitcoin white paper and Ethereum white paper. Our goal in this post is to: 1. Expl
Hey, my name is Kyle Corbitt and I’m a software developer at Y Combinator. I spend most of my time creating software to support our founders as they build their businesses. Before joining YC I ran my own startup. When I was in high school, I sometimes got the frustrating feeling that all of the good startup ideas had been taken before I had a chance to work on them myself. As I’ve gotten a bit old
Bitcoin has already undergone several forks. A fork defines a moment in time when a specific digital currency gets split into two different currencies. A couple months ago, a Bitcoin fork created Bitcoin Cash1 (BCH). Another fork just created Bitcoin Gold last week. Segwit 2x2 will follow next month3. At the instant the fork happens, every holder of the first currency also gets the second one in a
A lot of the advice we give startups is tactical; meant to be helpful on a day to day or week to week basis. But some advice is more fundamental. We’ve collected here what we at YC consider the most important, most transformative advice for startups. Whether common sense or counter-intuitive, the guidance below will help most startups find their path to success. The first thing we always tell foun
Cryptocurrencies and tokens are becoming increasingly popular. In this post, we’ll explore the context that triggered this frenzy, the new possibilities tokens unlock, and why people are excited about its future. The Context Decades after the web started and seventeen years after the dot com crash, we have finally entered the golden age of Internet Apps. Companies like Airbnb or Uber can be descri
I’m the moderator for our Ask A Female Engineer series, and a female engineer on the software team at YC. This is the sixth installment in a series where we ask female engineers questions and share their candid, anonymous responses. In this post, we did something a bit different: we asked engineers to answer questions about the recent memo by former Google engineer James Damore. The engineers resp
Jeff Dean is a Google Senior Fellow in the Research Group, where he leads the Google Brain project. He spoke to the YC AI group this summer. Here are his slides:
“I thought Greenspan was bad but this book paints a positive image. Seb Mallaby is an awesome author so makes for an easy read.” – Daniel Gross “Business-strategy-meets-Entourage. Interesting points in particular about the mailroom model and packaging deals.” – Daniel Gross “An amazing look at FDR’S early life and his ancestors. The writing was fantastic and the history thoughtfully organized. The
Growth Guide: How to Set Up, Staff and Scale a Growth Program with special contributions from Gustaf Alstromer Advice from 25 preeminent growth experts at top startups “Growth hacks,” like Hotmail’s inclusion of a signup link in its user’s default email signature, can be extremely helpful in driving viral growth early in a product’s path to product market fit (PMF). However, sustaining long-term g
Diego Saez Gil on How Pachama Uses Tech to Help Solve Climate Change by Y Combinator1/28/2020 Diego Saez Gil is the founder of Pachama (YC W19).Pachama is building a marketplace where companies can support carbon offsetprojects.He talks to Craig Cannon and YC partner Gustaf Alströmer about how Pachama usestechnology to help solve climate change.00:00 – WelcomeGustaf and Diego01:19 – Diego’sbackgro
Founders are increasingly pointing to Asia when asked for an example of a product they aspire to create, and WeChat is very often that aspirational product. My friend and former colleague Connie Chan described WeChat as “the one app to rule them all”. It dominates the Chinese mobile market with 889 million monthly active users1. The WeChat platform has completely evolved the way Chinese people com
Hacking DNA: The Story of CRISPR, Ken Thompson, and the Gene Drive The very nature of the human race is about to change. This change will be radical and rapid beyond anything in our species’ history. A chapter of our story just ended and the next chapter has begun. This revolution in what it means to be human will be enabled by a new genetic technology that goes by the innocuous sounding name CRIS
Some think the excitement around Artificial Intelligence is overhyped. They might be right. But if they’re wrong, we’re on the precipice of something really big. We can’t afford to ignore what might be the biggest technological leap since the Internet. In an effort to usher in more innovation with AI, Y Combinator is going to try an experiment in the upcoming batch: a vertical group in YC dedicate
Ali Rowghani, head of YC Continuity, talks to GitLab CEO Sid Sijbrandij (W15) about how GitLab has built a completely distributed company with 160 people (and growing). We filmed this conversation at GitLab’s SF headquarters, where Sid is the only local employee. Sid’s biggest tip for success in scaling a distributed company: write everything down. Listen up for… 2:41 – GitLab values boring soluti
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