What is Y Combinator? Y Combinator Review

Founding Origin

YC was founded by Paul Graham in 2005. It is the first startup accelerator company in history and is headquartered in Mountain View, California, USA. Its core capabilities and business are to help startups and entrepreneurs improve quickly, especially from 0 to 1. YC 's current head - Sam Altman , joined YC in 2014 .

Components

1. Provide early investment funds in exchange for a small amount of shares;

2. YC holds a three- month training twice a year . The highlights are the roadshow day and investor day. Through this training, we help start-ups find the improvement from 0 to 1 faster , and also help founders get better and more financing and financial support;

3. Huge YC alumni network resources. Every YC participant has a very strong sense of social belonging. After entering the YC family, they not only get help, but they are also very willing to help new YC alumni. This has formed a strong culture and an important resource. Currently, the YC alumni community has more than 4,000 people. For every startup company and entrepreneur, it is a long-term inexhaustible resource that helps at all levels.

4. YC has a fixed mechanism that allows entrepreneurs to get comments and support from experts, and they can communicate with YC partners and industry experts through office hours.

5. Brand credibility. As YC has been successful in business development, its reputation has been getting better and better. YC is a strong brand that can provide brand endorsement for entrepreneurs. If a startup company gets support from YC , it represents a great degree of recognition, which can also help them obtain more financing and other business opportunities.

Profit Model

YC 's operating costs include "5000+5000n" USD investment ( n is the number of YC partners willing to invest in this project ) provided by YC to the entrepreneurial teams that pass the project review , 3 -month training provided by YC at the start-up stage, seed funds of 20,000 USD or less, and 150,000 USD convertible bond investment by YC . Its income comes from 2% to 10% of the shares of the incubated projects, and it can be withdrawn for profit when the start-up goes public or is acquired by other companies.

Basic Introduction

Y Combinator is an experienced and established incubator. It was founded in 2005 and has a rich history of successful projects. To date, Y Combinator has accelerated more than 1,900 startups, with a total valuation of more than $ 100 billion and a total financing scale of more than $ 18 billion.

Secondly, Y Combinator has its own incubation model, which is both lenient and strict in terms of project selection. Y Combinator only makes very early stage investments, and entrepreneurs do not need to have successful entrepreneurial cases. As long as the project passes the inspection, they can get start-up funds. In this respect, it is much more lenient than domestic investment institutions, because domestic venture capital still attaches great importance to qualifications.

Incubate successful enterprises

Development History

On August 15, 2018 , Y Combinator, a world-renowned venture capital and accelerator, announced its official entry into China and established Y Combinator China. Qi Lu serves as the founder and CEO, with full responsibility for Y Combinator's business development in China. He also serves as the dean of the Y Combinator Global Institute, leading the cutting-edge scientific research of the Y Combinator Global Institute.

References

• 1. The development model of “mass maker space” is inspired by the development model of the American Y-Combinator (YC): Sohu