How Y Combinator changed the world

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This month one A successful entertainment business newsletter written by an influential reporter and publishing legend Janice Min joined forces to form a News start. Buried in the story is a fascinating detail: the co-founders have signed a three-month Y Combiner Accelerator program.

If you are not paying attention, this news may scare you. Why would the magazine divas join a group of hooded nerds and give up 7% of her company’s shares in exchange for the US$125,000 shares provided by YC for its start-up company? But after nearly 17 years of development with 3,200 companies, Y Combinator has developed into a place far beyond the boot camp of technical brothers.

In the most recent batch, YC selected 401 companies from more than 16,000 applicants to accept its recognition and guidance from senior founders in structuring products, formulating business plans, and raising funds. On August 31st and September 1st, 377 of them promoted to their company–RemotelyOf course-pay tribute to the investment community in the semi-annual “demonstration day” ceremony. The founder of each company has one minute to explain himself: There is just enough time to sow seeds in the minds of potential funders.

Their ideas reflect YC’s implicit view that for every problem in the world, There is a start-up solution, Although some solutions may sound familiar. There is a ghost kitchen in the Philippines. “Stripes of the countries of the former Soviet Union”. “Indian Vanguard”. One founder promised to increase the income of dental clinics by using deep learning to identify tooth decay. Another founder claimed: “We are building a better search engine than Google!”

At the end of each 60-second tone, there will be a Spartacus-style battle cry with the company name.

We are… Whalesync!

We are…working hard!

We are… Yemaachi Biotechnology!

There is no certainty about starting a business, and indeed most of them fail. But joining the Y Combinator program is definitely one thing; YC launched companies with a total valuation of more than 400 billion U.S. dollars; its alumni include Dropbox, Airbnb, Stripe, CoinBase and DoorDash and other celebrities. You may also know other names: Substack, Instacart, Scribd, OpenSea. In most cases, these companies entered the program with zero valuations, but many YC founders have more profitable options and understand that a deal that looks bad on paper is actually a good deal. Even experienced founders have decided to participate in the program, some of which have served multiple times. Then there are wandering publishing idols like Ms. Min.

So what will you get after joining? Of course, there are mentors. YC also greatly simplifies tasks that used to take weeks to complete-mergers, trademark registrations, setting up network services, and most importantly, contacting the right investors-of course, many of them are done through software. “We are a bit like Crisp Geoff Ralston, who has served as YC President since 2019, said. “Startups enter YC with their original DNA. We edit the DNA so that they have alleles that make them more likely to succeed.” These technologies have spread widely-hundreds of thousands of people have participated in the open entrepreneurship school of the program- And adopted by hundreds of imitators Accelerators, incubators and boot campsAnd even some inside company Like google District 120. Y Combinator has hosted more than 3,500 companies, but countless companies have used its blueprints.

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