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Y COMBINATOR - Description and Overview
The program was launched in 2005 with the aim of developing a new model of startup funding. Currently, they invest a small amount of money twice per year (average $18,000 investment) in a large number of startups. Their first class began with 8 startups and their classes now exceed 30 startups per session.
The startups move to Silicon Valley for 3 months and work intensively with the Y Combinator team to get the company into the best possible shape and ready to pitch to investors. The 3 month period ends with Demo Day when the startups present to an audience of investors. Given Y Combinator's notoriety in technology circles, their Demo Days are now very well-attended.
Initially Y Combinator was offered in Cambridge, Massachusetts and Mountain View, California but in early 2009, the program made the decision to only operate in Silicon Valley.
LEARN MORE ABOUT Y COMBINATOR
More detailed information and downloadable data for Y Combinator including their entire portfolio, amounts invested and industry focus areas is available at CB Insights.