![]() ![]() While many companies pack up and move to the Bay Area for the duration of the program, others commute. Taking advantage of office hours and all that YC has to offer can prove difficult especially for companies not based in the Bay Area. Apart from this event, for which real preparation doesn’t begin until 2 weeks before the date, the program is shaped around regular “office hours” with YC partners (each group of companies is assigned 4 dedicated partners), feedback-sessions with other companies, and a weekly dinner featuring a guest speaker (often a successful YC alum).Īs several Summer 2019 founders pointed out, founders must be proactive in seeking out the counsel of partners and in structuring company work during each week. The structure of the 3-month program is fairly open-ended: following an orientation bootcamp the first week of the program, there are a couple of intermediate checkpoints culminating in “Demo Day”-a 2-day pitch event where each company presents to an audience of YC alumni and investors. The Embrace team also appreciated the structure and defined timing of the 3-month program, as it provided natural milestones to build toward.Īlana's founding team in front of YC headquarters Ignacio MartinezĬompany motivations for joining Y Combinator dictate how companies experience the program and where they invest their time. What drew Futoran and his team to the program was YC’s experience and the success of its portfolio specifically within the mobile analytics and developer tools spaces, with alumni including Heap (Series C), Parse (acquired by Facebook), Docker (Series E), Pagerduty (IPO), and others. Futoran previously co-founded and helped build gaming startup Scopely into a leading games publisher responsible for top mobile games like Yahtzee, Walking Dead, and Wheel of Fortune. ![]() ![]() These motivations were primarily driven by the level of experience of the founders, and the level of maturity of the home markets of the companies.Įric Futoran, co-founder of Embrace, a performance monitoring & debugging platform for mobile apps, already had several years of experience at a thriving startup by the time he applied to YC. YC batches include companies with a broad spectrum of motivations for joining, and the Summer 2019 batch was no different. Each company was looking for and found value from the program in different ways, so to identify the impact of YC today and what separates it from other accelerator programs, it’s important to first understand the motivations of different companies for joining, and what their experiences are during their time in the program. The batch featured a mix of repeat-founders and first-time founders, and companies that ranged from a few weeks old to a few years old. The Summer 2019 batch, running from June-August, included 196 companies divided into four large groups. As the services and support offered by Y Combinator have grown beyond the traditional capital-for-equity model (Y Combinator offers its companies US$150,000 in exchange for 7% equity), so has the size of each batch of companies. ![]()
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