This month a A successful business letter written by a well-known journalist teamed up with storytelling Janice Min to create the beginning of the story. The implications for this article were impressive: The founders signed off on a three-month trial. And Combinator app accelerator.
If you have not listened, this article may surprise you. Why would a magazine diva join a gang, leaving 7 percent of her company at the $ 125,000 price tag offered by YC? But after nearly 17 years and 3,200 companies, the Y Combinator has transformed into something more than a tech bros boot camp.
In its most recent event, YC selected 401 companies from a group of over 16,000 people to receive its expertise and training from those who have already initiated construction, business planning, and financing. On August 31 and September 1, 377 of them formed their own companies—far, of course — for those who save money for an annual event called Demo Day. The founders of each company had one minute to explain themselves: enough time to plant the seeds in the mind of the donor.
Their ideas reflect the YC’s view that for every problem in the world, there is a way to start, although some alternatives may sound familiar. In the Philippines there was a ghost kitchen. “Line of countries of the former Soviet Union.” “Vanguard of India.” Another founder promised to increase dental investment through in-depth study to identify holes. Another founder said, “We’re making search engines better than Google!”
At the end of every 60 minutes came the Spartacus-like battle cry with the company name.
I’m dead … Whalesync!
We are … Try Rewards!
We are… Yachiachi Biotechnology!
There is no guarantee of starting a business, and many are failing. But being included in the Y Combinator program is a thing; YC has established companies with a total value of more than $ 400 billion; its alumni include brands like Dropbox, Airbnb, Stripe, CoinBase, and DoorDash. There are other names you can identify: Substack, Instacart, Scribd, OpenSea. In most cases, companies have entered into the program with a zero price, but many YC founders have profitable strategies and understand that what may seem bad on paper is commercial. While experienced developers have opted to go through the program, some for several stages. And then there’s the misleading print print like Ms. Min.
So what do you get when you join? Sure, there is a plot. YC has also created simple tasks that take weeks, plus, advertising, setting up websites, and most of all, connecting with the right investors — most of the programs, yes. We are like Crispr starters, “says Geoff Ralston, President of YC since 2019.” The founders come into YC with raw DNA. We change the DNA to have all the alleles that make it work. “These methods have been widely distributed – hundreds of thousands have attended the program ‘s Open Primary School – and were received by hundreds of copycat. accelerators, incubators, and boot camps, even some in companies like Google Section 120. Y Combinator has owned more than 3,500 companies, but most have implemented its plans.