Difference between revisions of "Organization:Y Combinator"
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Y Combinator, also known as YC is an American seed accelerator started in 2005 by Jessica Livingston, Paul Graham, Robert Morris and Trevor Blackwell. It seeks out companies in the early stages of their development and helps them to grow by providing resources including mentoring, financial support and connections. Mentors are successful business people and experts in many fields. If a company is selected, they must move to the Bay area and are given $120,000 as an investment in exchange for 7% equity. As of 2017 YC has invested in about 1,450 companies including Stripe, Reddit and Dropbox. The companies that YC has invested in are worth over $80 billion dollars collectively. | Y Combinator, also known as YC is an American seed accelerator started in 2005 by Jessica Livingston, Paul Graham, Robert Morris and Trevor Blackwell. It seeks out companies in the early stages of their development and helps them to grow by providing resources including mentoring, financial support and connections. Mentors are successful business people and experts in many fields. If a company is selected, they must move to the Bay area and are given $120,000 as an investment in exchange for 7% equity. As of 2017 YC has invested in about 1,450 companies including Stripe, Reddit and Dropbox. The companies that YC has invested in are worth over $80 billion dollars collectively. | ||
Revision as of 21:24, 9 January 2018
Contents
Overview
Y Combinator, also known as YC is an American seed accelerator started in 2005 by Jessica Livingston, Paul Graham, Robert Morris and Trevor Blackwell. It seeks out companies in the early stages of their development and helps them to grow by providing resources including mentoring, financial support and connections. Mentors are successful business people and experts in many fields. If a company is selected, they must move to the Bay area and are given $120,000 as an investment in exchange for 7% equity. As of 2017 YC has invested in about 1,450 companies including Stripe, Reddit and Dropbox. The companies that YC has invested in are worth over $80 billion dollars collectively.
Purpose
Y Combinator's motto is "Make something people want". Their goal is to help early stage companies and founders develop their product, strategy, team and business model. They seek to initiate change in the way companies are funded.
Distinct Differences From Other Offerings
The main difference from Ycombinator with other venture investors is that they focus on helping startups to develop and expand their ideas working with them instead of supplying a combination of money and help as many venture investors do.
Altough Ycombinator supplies money to the startups, that money is given in order to allow the founders to pay their living expenses while Y Combinator is happening, therefore the money is the smaller component of their help.
Another main action taken by Ycombinator is to help f'ounders deal with investors and acquirers'.They teach them to pitch their startups to investors, and close a deal once they have generated interest.
Impact Achieved
Aforementioned, companies Y Combinator has helped accelerate are worth about $80 billion dollars. YC has funded 1,464 companies and 3,000 founders. Aside from their main program, YC has a number of programs open to the public and a few resources on their website. The companies they have been accelerated have made a lasting impact in many communities. Thousands of people have been affected by these organizations. Individuals have become employees, investors and partners. Additionally, many Fortune 500 companies operations have been changed by YC accelerated companies products, namely DropBox and Stripe.
Notes About How This Resource is Deployed
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Contact Information
Y Combinator
320 Pioneer Way
Mountain View CA 94041
