Items tagged ycombinator in 2014
Filters: Year: 2014 × ycombinator × Sorted by date
We applied to Y Combinator a few weeks ago and submitted a demo. We made significant progress since then and have a much better demo now. Is it possible to replace the demo? Is it advisable?
It’s fine to replace the demo, and definitely a good idea if your new demo is better. That said, don’t expect that anyone who has viewed the old demo will check out the new one. As a result the sooner you get the new demo in place the better.
[... 91 words]Does Y Combinator accept purely app ideas like WhatsApp, Flipboard, etc.?
Yes they do, but you’ll need to demonstrate that your team also has the ability to execute on the idea.
[... 37 words]What are the key points accelerators such as Y-Combinator drill into their startups?
They also teach the importance of launching something and getting real feedback. The entire three month YC process is based around the need to launch and demonstrate traction in order to raise money from investors.
[... 89 words]Does Ycombinator welcome projects that are similar to alumnis?
Y Combinator has funded companies that are similar to alumni in the past. Two examples: they funded dotCloud and Parse, both platform-as-a-service startups, despite having previously funded Heroku.
[... 45 words]Do accelerators (which do not take up equity) accept not-for-profit ventures into their programs? If yes, which are some of the best ones?
Y Combinator recently started funding non-profits: http://ycombinator.com/np.html
[... 37 words]How much equity does YCombinator get on average?
They almost always take 7%—they get diluted down in further rounds.
[... 27 words]Is YCombinator’s $20k seed capital enough to keep a team of 3 founders alive in Silicon Valley during the program?
Yes—especially if the three founders live together. A three bedroom apartment near Mountain View can be had for around $3-4,000/month (just check Craigslist), which will be the bulk of your expenses. The rest can cover food, car rental and some business-related expenses (we spent some money on office chairs and a desk).
[... 81 words]