Incubators that nurture a new business have been around for a while. Y Combinator is a different kind of incubator with a focus on networking, advise and fund raising. Founded in 2005, Y Combinator holds two funding cycles each year that attract about 60 tech startups. While any type of business can apply, the folks at Y Combinator are experts in software based businesses. Here are a few tidbits about Y Combinator.
- Y Combinator provides between $17,000 and $20,000 and they receive an equity stake in each startup of about 7%.
- Some of the big names that went through the program include Reddit, Justin.tv, Dropbox and Scribd.
- The three-month program culminates with a Demo Day that attracts up to 400 investors.
- Y Combinator doesn't sign NDAs and doesn't read business plans. It's all about the application and the interview. Get used to it.
Read the entire article Tech Startups - Y Combinator is the New Model
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