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- Rest of World
- 1 month ago
For the first time in its 15-year history, Y Combinator went fully remote with its famed startup accelerator program. With the coronavirus pandemic making travel and in-person meetings nearly impossible, everything from workshops to the all-important Demo Day went online.
The remote experience may have flattened the in-person interactions that drive some of the tech industry’s biggest deals. But founders from non-Western markets say that attending Y Combinator remotely didn’t hinder their success — in fact, it helped.
Internet connectivity issues aside, foreign founders say the first fully remote Y Combinator has put these companies on a more equal footing with their American counterparts.
- The Information
- 2 months ago
Y Combinator has won acclaim for a twice-yearly training program that produced Silicon Valley crown jewels such as Stripe and Airbnb. But for the first time since the startup accelerator’s inception in 2005, all 220 participants had to dial in remotely, threatening a valuable component of YC—its ability to help founders forge connections.
For Michael Seibel, who became CEO of YC's startup accelerator in 2016, restrictions on in-person meetings added to the challenge of running the program. Heading into this year, it had already faced criticism for increasing the number of companies in its batches and for stoking a Silicon Valley hype cycle through its demo day, when venture capitalists compete to invest in untested young startups.
- 2 months ago
Yesterday was part two of Y Combinator’s absolutely massive Demo Day(s) event for its Summer 2020 class.
This is the first YC accelerator class to take place entirely online, from the day zero interviews all the way on through to their eventual demo day debut. Nearly 100 companies presented the day before yesterday, and almost 100 more took the stage yesterday. Each company got 60 seconds to pitch an audience of investors, media, and fellow founders and tell the world — in many cases, for the very first time — what they were building.