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The VC firm works intensively with the companies for three months, to get them into the best possible shape and refine their pitch to investors at the demo day. The program features weekly talks from other startup founders and top executives from well-known tech companies like Google. YC works with the entrepreneurs on their startup ideas and helps them see which areas have the highest potential, what can be added or removed to build products that their consumers want, areas that should be focused on and other crucial aspects of business.Īlso Read: 9 Ways To Motivate Your Fashion Team To Do More Without Money The startups participate in the three month Startup School program by the VC firm. Why startups apply to YCĪ selection into YC makes a seed funding of $125,000 available to the startup, while that may be the first obvious benefit, it is the smallest benefit that the selected startups get. In it’s 2021 Winter batch which is rounding up, the VC firm has selected over 273 startups to join it’s family with about 10 of them being from Africa. The companies are selected from edtech, fintech, Agritech and other sectors. Since 2005, YC has invested in more than 3,000 companies from different parts of the world and in different industries. Fintech company, Stripe, is a part of Y Combinator’s 2009 Summer batch
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The first round of applications is received between January and March and is called the Winter batch while the second round of applications is received between June and August and is referred to as the Summer batch. Y Combinator has selects startups to invest in during two application sessions in a year. The VC firm invests $125,000 in early stage startups in return for some equity in the business. Y Combinator is a venture capital (VC) firm that was founded in March 2005.
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