YC partners offer personalized attention for three months. But the secret to the success of YC is its network. The firm has fostered breakout stars including Airbnb and Dropbox. The network meets weekly through dinners where the founders assigned to the particular class attend. There, the members of the community, numbering between 15 to 20 people, show their progress, seek advice from each other and other YC alumni, and ask compelling questions to guest speakers (which include Facebook’s Mark Zuckerberg). At the end of the three-month program, all graduates leave YC with additional financing for their business through the deal of star investors Ron Conway and Yuri Milner, who offer $150,000 to any YC graduate.
“One of the loneliest things in the world is starting and running a business,” 2006 alumnus of the Y Combinator Matt Brezina said. Brezina and 671 other entrepreneurs were forged together by YC. YC, an investing firm, invests seed money averaging $18,000 each in startups then helping the entrepreneur to turn his bright business ideas into great companies.
YC partners offer personalized attention for three months. But the secret to the success of YC is its network. The firm has fostered breakout stars including Airbnb and Dropbox. The network meets weekly through dinners where the founders assigned to the particular class attend. There, the members of the community, numbering between 15 to 20 people, show their progress, seek advice from each other and other YC alumni, and ask compelling questions to guest speakers (which include Facebook’s Mark Zuckerberg). At the end of the three-month program, all graduates leave YC with additional financing for their business through the deal of star investors Ron Conway and Yuri Milner, who offer $150,000 to any YC graduate.
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January 2016
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