Jump to navigation Jump to search This article is about the company named ‘Y Combinator’. Please help improve it or discuss these issues on the talk page. This article relies too much on references to primary sources. This article’s how To Invest 1000 Reddit section does not adequately summarize key points of its contents. Y Combinator is an American seed accelerator, started in March 2005. Y Combinator has spawned a number of highly successful companies and is consistently ranked at the top of U.
In its main program, Y Combinator interviews and selects two batches of companies per year. The program includes “office hours”, where startup founders meet individually and in groups with Y Combinator partners for advice. Y Combinator’s motto is “Make Something People Want. Non-profit organizations can also participate in the main YC program. In July 2015, Y Combinator introduced the YC Fellowship Program aimed at companies at an earlier stage than the main program.
In October 2015, Y Combinator introduced the YC Continuity Fund. Y Combinator will also consider leading or participating in later stage growth financing rounds for YC companies. In October 2015, YC introduced YC Research to fund long-term fundamental research. Y Combinator was started in 2005 by Paul Graham, Jessica Livingston, Trevor Blackwell and Robert Tappan Morris. 2 million investment round into an entity of Y Combinator which would allow the company to invest in approximately 60 companies a year as opposed to their previous 40 companies a year. 80,000 when Start Fund was renewed.
In 2014, founder Paul Graham announced he was stepping down and that Sam Altman would take over as President of Y Combinator. Late in 2014, Sam Altman announced a partnership with Transcriptic to provide increased support for Y Combinator’s growing community of biotech companies. Then in 2015, he announced a partnership with Bolt and increased support for hardware companies. On 11 August 2016, YC announced that YC partners will be visiting 11 countries this fall to meet with founders and learn more about how they can be helpful to international startup communities. In September 2016, Y Combinator announced shuffling the deck at the Mountain View startup accelerator again, with Altman announcing that he will now be president of YC Group, which includes Y Combinator, the YC Continuity fund that was launched last October and the YC Research “moon shot” program. Ali Rowghani, Twitter’s former chief financial officer and chief operating officer who was put in charge of the YC Continuity Fund when it started, is now CEO of YC Continuity.
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Starting in October 2018, Y-Combinator publishes a list of its top 100 companies by valuation. In early 2010, Harj Taggar, cofounder of Y Combinator-funded Auctomatic, joined as an advisor. In September 2010, Alexis Ohanian, co-founder of Y Combinator-backed Reddit, joined. In January 2011, Y Combinator-backed Posterous co-founder Garry Tan joined YC, first as designer-in-residence and later as partner. Later in 2011, Aaron Iba joined as a partner. In the summer of 2014, Sam Altman became president of Y Combinator.
In January 2015, it was announced that Paul Buchheit would be named managing partner for Y Combinator’s core program and Kevin Hale would be the managing partner for the Fellowship. As of February 2015, additional Y Combinator partners are Dalton Caldwell, founder of imeem and app. Y Combinator has been blamed for its encouragement of the ageism culture in Silicon Valley. Paul Graham said in 2005 that people over 38 lacked the energy to launch startups. It was also at a Y Combinator event, the 2007 Startup School, that Mark Zuckerberg said, “Young people are just smarter”.