Definitions for y combinator
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Y Combinator is an American seed accelerator, started in March 2005. Y Combinator provides seed money, advice, and connections at two three-month programs per year. In exchange, they take an average of about 6% of the company's equity. As of 2013, Y Combinator has funded over 500 companies in over 30 different markets. In 2012, Y Combinator was named the top startup incubator and accelerator by Forbes.
Y Combinator is a venture fund which focuses on seed investments to startup companies. It offers financing as well as business consulting along with other opportunities to 2-4 person companies looking to take an idea to a product. Y Combinator looks for companies with “good” ideas over companies with experience and a business model. The company made its first investments in Summer 2005.Y Combinator selects companies to finance and consult with twice a year. They are located in Mountain View, CA. Companies that they decide to fund generally receive $5,000 plus an additional $5,000 per founder and are required to relocate to Y Combinator’s destination for the following three months. In return, Y Combinator asks for 2-10% ownership, generally considered fairly steep considering the small investment. However, Y Combinator argues that this seed money and mentorship is crucial to for the success of small startups. Y Combinator continues to grow, with a stated target of 60 funded companies for the Winter 2010 session. Successful exits by Y Combinator funded companies include Reddit, Omnisio and Zenter.Other successful companies that went through Y Combinator include Loopt, Justin.tv, Weebly and Scribd. Near the end of each session, companies pitch their products on “Demo Day” to investors in hopes of receiving further funding.Coverage of Previous Demo Days: Summer ‘09 Winter ‘09 Winter ‘08 Summer ‘07 Winter ‘07
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"y combinator." Definitions.net. STANDS4 LLC, 2014. Web. 28 Aug. 2014. <http://www.definitions.net/definition/y combinator>.