The Truth About Y Combinator

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  • Опубліковано 28 лис 2024

КОМЕНТАРІ • 104

  • @ycombinator
    @ycombinator  2 роки тому +61

    It looks like we had a brief video/audio issue just after the 5 minute mark. Sorry about that!
    - Zach (Producer)

  • @chenalee3730
    @chenalee3730 2 роки тому +26

    This is really great to know that 40% applied just with an idea. It’s hard to quit day job and do full time building w/o finding a way to cover basic living expenses. Targeting S23 🎉

    • @kingsdomains
      @kingsdomains Рік тому +2

      did you make it in?

    • @KYRIOS_DRAGON
      @KYRIOS_DRAGON 6 місяців тому +1

      What if you dont live in US? Is that a problem?

  • @GauravSharma1
    @GauravSharma1 2 роки тому +12

    YC is the smartest set of mission-driven founders and companies with a BIG vision. Loved the "mafia" voiceover. You guys are amazing 🤩 😆 😂

  • @yamilletrivas8041
    @yamilletrivas8041 2 роки тому +8

    If you are this fun and awesome in person then these YC founders are lucky!!!!! All the smiles and laughter along with the lessons! ok back to the video… The Not a Mafia but kinda Mafia adjacent had me laughing 😂

  • @dheerajs2838
    @dheerajs2838 2 роки тому +33

    I have my doubts about 40% .. I applied earlier twice .. and I was in contact of 2 angel investors from YC who review people applications and both of them told me that you wont get anything because your revenue and traction is so small. I went on dinner with one of them along with another YC alumni in oakland, both of them literally told me that you can apply but ideally apply next year once you have more users and revenue. So I am not confident on this 40% number. When I went to one of the VC event this year, met another VC company told me that if you are thinking of applying to VC, come to us first .. we will fund you well before they do.

    • @michaelseibel221
      @michaelseibel221 2 роки тому +49

      Lol - we are the ones who grade the applications. Doesn’t that give us credibility?

    • @dheerajs2838
      @dheerajs2838 2 роки тому +7

      @@michaelseibel221 agree .. but I met those guys and they were with founder who was in YC. He was my friend. Literally showed email exchanges with you on their phone. so It was difficult to not to believe them.

    • @johnbelluomini4597
      @johnbelluomini4597 2 роки тому

      😊

    • @FahmiEshaq
      @FahmiEshaq 2 роки тому

      @@dailydose273 huh! old school private smart boys club? What about all the public content they share without a dime...

    • @Polapola23
      @Polapola23 Рік тому

      @@michaelseibel221 are u the real Michael?

  • @jdavidson124
    @jdavidson124 2 роки тому +2

    Very insightful but this video felt more like a pitch for why YC and why not go another route. The results & success of YC speak for itself

  • @velociraptor5962
    @velociraptor5962 Рік тому +3

    Oh heck. I thought YC was just "rich" venture capitalists who were helping startups with cash. I'm clearly misinformed. HAHA. Good video. Thanks for clarifying.

  • @tannermeade
    @tannermeade 2 роки тому +6

    A lot of good points here. It does feel a bit like an echo chamber. I don't know. Maybe I'm not in the YC market, but I feel like my concerns are sidelined and not being talked about.
    Like I get the value of being a part of what is maybe the highest quality networking group... and there's a ton of people out there who just don't have the business perspective to avoid a lot of traps.
    What I understand is this: YC has 3 value propositions (and these only)
    - high value networking
    - business know how/perspective
    - fund raising
    Sounds like YC's market is:
    - inexperienced founders who would sell off a sizable amount of their equity without knowing what they're getting in return
    - people with an inadequate network
    - people who need money and don't know how to get it
    I didn't feel like y'all were talking to people outside of those 3 groups, and y'all are experienced founders who know why it's important to know your market.
    I'm not any of those, so it just doesn't make sense to me.

    • @leo_sn
      @leo_sn 2 роки тому

      Interesting. What are your concerns?

    • @ReactiveWork
      @ReactiveWork 2 роки тому +1

      If you go to the "About" page on their website, they provide a long detailed list of all the benefits they provide. They've also got longer videos on this UA-cam channel that cover the topic in more detail. Their program is much more than just a networking & fundraising avenue.

    • @leo_sn
      @leo_sn 2 роки тому

      @@ReactiveWork I don't think they're saying that there are no good things about YC, I think the arg is that they think there are bad things that are not really discussed

    • @ReactiveWork
      @ReactiveWork 2 роки тому +3

      @@leo_sn If his only exposure to Y-Combinator is this video, then sure - it's a brief video covering a few topics and not a refined marketing pitch with full program details.
      But they are very transparent about the cost involved (the equity you sell them to join, if accepted) and all of the legal paperwork is on the website so you aren't ambushed by it. In exchange for the 7% equity you get a bucket of cash + all of the other resources they offer. There's no secret negative to the program.

    • @tannermeade
      @tannermeade 2 роки тому +1

      @@ReactiveWork I've been following YC for years. Lots of quality content. Been through the Startup School as well (mostly to see and understand what they are doing with it).

  • @angie.karasek
    @angie.karasek Рік тому +1

    I just started this whole adventure a couple of days ago and applied while at work today. I think I effed up my app so I’ll reapply better again next batch! 😅

  • @kchwophy
    @kchwophy 2 роки тому +6

    Okay, now I'm going to apply to YC

  • @edgy4925
    @edgy4925 2 роки тому +2

    The darkened out part with Michael had me cracking. :D

  • @CaliforniaRussianRiverBees
    @CaliforniaRussianRiverBees 2 роки тому +3

    This was the greatest Y Combinator Video for 2022. Tell the truth 💯

  • @yuujishoppingltd8178
    @yuujishoppingltd8178 2 роки тому +1

    A very educative piece especially on the reasons one should join YC. Its good you have also dismantled the many myths out there on YC

  • @chapterme
    @chapterme 2 роки тому +7

    Chapters (Powered by ChapterMe) -
    00:00 - Introduction
    00:27 - Expectations
    01:56 - Secret YC perks
    04:57 - Not a mafia
    06:08 - Misconceptions
    07:02 - Investors
    08:05 - Direct experience
    08:51 - The scale lie
    11:11 - Why to do YC
    12:33 - Recent batch
    15:08 - Running an auction
    16:45 - Fake advisors - Early stage investing environment
    20:33 - Horror stories
    24:08 - YC mantra
    25:42 - Outro

  • @Regina.Clarke
    @Regina.Clarke 2 роки тому +4

    Thank so much for this!!! I’m aiming for applying for the Summer 2023 batch.

  • @entertainmentyoutube3606
    @entertainmentyoutube3606 2 роки тому +1

    The think is you should give context, I've seen often that people just do things and expects the rest magically knows everything they are talking about, context is primordial to any system, collaboration, or endeavor. And that is a widespread behavior mistake in all businesses and organizations

  • @chan90s
    @chan90s 2 роки тому +5

    Does YC hiring platform sucks or do I suck ? Have applied to a bunch of YC companies for tech roles. Haven't heard from anyone. On the other I have used founder dating platform in the last - incredible

  • @mukulnamagiri8160
    @mukulnamagiri8160 4 місяці тому

    😊 i am applying guys i hope i dont mess up the application I will apply with my brother

  • @chadp1124
    @chadp1124 2 роки тому

    We haven't heard back from Ycombinator for the 2022 batch. The deadline is the 17 and 18th. Will all companies be notified if they didn't or di make it to the interview round by then?

  • @danielkritzinger
    @danielkritzinger 2 роки тому

    Why is this content not in podcast form? Would love to be able to listen to these discussions outside of youtube!

  • @morrisisraelnyakehabou4689
    @morrisisraelnyakehabou4689 5 місяців тому

    I'm coming to Y Com soon!!

  • @emmanuelokorafor1705
    @emmanuelokorafor1705 2 роки тому

    Are YC interviews remote for international founders?

  • @scott.bradley.16940
    @scott.bradley.16940 2 роки тому +3

    Yc might add some good value but you have to hand over waaay too much equity for it

  • @TheCornField_
    @TheCornField_ Рік тому +2

    Very enlightening. My mom actually sent me yall's youtube channel. I know I'm going to apply some day! Just don't know with what yet. Love what yall do, been watching some vids here and there and gonna keep watching! Please keep putting out good content haha.
    I had one question about the program. Do the applicants move to where you are? if so, is there housing you guys know of or how does that all work?

    • @nwaneri0
      @nwaneri0 Рік тому +3

      YC's investment is also meant to fund your team's 3-month visit to the US as non-US-based founders.

    • @nguyenbang4942
      @nguyenbang4942 Рік тому

      @@nwaneri0 oh it's great

    • @Marco-wz8xw
      @Marco-wz8xw 5 місяців тому

      That was my question too. Thank you for clarifying!

  • @joecod298
    @joecod298 2 роки тому +4

    Does YC accept non tech solo founder?

    • @kn0wl3gd3g0d
      @kn0wl3gd3g0d 2 роки тому +3

      You can apply to their startup school and find a tech co founder

    • @kn0wl3gd3g0d
      @kn0wl3gd3g0d 2 роки тому

      @Salah Shoman Y c offers it

  • @chrispaulclips
    @chrispaulclips 2 роки тому

    My business partner and i have started a company in and around the NFT, Blockchain market. I am based in the UK. Am able to apply?

  • @YoungJewelerYaa
    @YoungJewelerYaa 9 місяців тому

    The whole mafia part was hilarious 😂👍🙌

  • @tipsytennis
    @tipsytennis 2 роки тому +1

    I applied and haven’t heard anything yet. Who’s on the same boat??

  • @TheAIEpiphany
    @TheAIEpiphany Рік тому

    Super informative, thanks for sharing this guys! :)

  • @VANCOUVERHOUSEFINDER
    @VANCOUVERHOUSEFINDER 2 роки тому +1

    You guys have to understand there are yc wanna be accelerators who want take a piece of the pie. Yc will get less people over time because it is difficult to get in

  • @andreagaming6926
    @andreagaming6926 2 роки тому +7

    I have a very great business idea but i don't know how to apply to YC.
    I think you should give me a chance.

    • @ycombinator
      @ycombinator  2 роки тому +9

      Apply to Y Combinator: www.ycombinator.com/apply/

    • @DeeBall
      @DeeBall 2 роки тому +11

      never think your idea is great

    • @d7ffab979
      @d7ffab979 2 роки тому

      ua-cam.com/video/lJausFj_Dto/v-deo.html
      16:40

  • @medwincorreo3073
    @medwincorreo3073 2 роки тому

    Thank you for sharing this, can you share story about board sit ?

  • @KYRIOS_DRAGON
    @KYRIOS_DRAGON 6 місяців тому

    What if you dont live in US? Is that a problem?

    • @KYRIOS_DRAGON
      @KYRIOS_DRAGON 5 місяців тому

      I check it. No there is not a problem but you have to go there for three months if they choose you. Don't worry about the money because if they choose you take 500.000 and you can use them also for that.

  • @VANCOUVERHOUSEFINDER
    @VANCOUVERHOUSEFINDER 2 роки тому +6

    You guys are so funny: don’t try to sell yc to people who aren’t getting in. This is torture.
    Also michael really got in on the whole mafia life and how similar it is to yc . Dalton is like …. Ooookay.
    Michael’s been watching too much goodfelas. This is too funny

    • @burnsaga
      @burnsaga 2 роки тому +2

      Pretty sure that's in reference to Ryan Breslow (and possibly others) being vocal on Twitter/etc about YC being "Mob Bosses"/"Mafia"

  • @LarsOutzen
    @LarsOutzen 2 роки тому

    this is probably the best info from you so fare

  • @Magns-AI-m
    @Magns-AI-m Рік тому +1

    As universe doesn’t have a starting point, it’s the same ideology for Mr. Michaels forehead!

  • @margaretcezar1109
    @margaretcezar1109 2 роки тому +2

    Thanks Dalton and Michael. You are too funny. Lol 😅

  • @chenalee3730
    @chenalee3730 2 роки тому +2

    Would you ever cover venture studio stuff in this channel? I’ve gotten a contact from one and they are trying to sell but the equity deal seemed very shady. 1M from day one for a CEO(business person they find)+CTO(software background) team but the team only gets 30% total right off. The studio + their capital partner(?) take 60% from the beginning

    • @SouravBhar12
      @SouravBhar12 2 роки тому +3

      Run in the opposite direction. Hard no.

  • @vlogmoinc5597
    @vlogmoinc5597 2 роки тому +2

    I put in so much work and didn't get in but a shirt made of trash made it in the batch

  • @crebspark
    @crebspark 2 роки тому +5

    Oh Michael, you a mafia, you ignored all my emails lol 🤣✌

    • @Apexzy
      @Apexzy 2 роки тому +4

      Lol, sent numerous emails, no response. Had to give up.

    • @Apexzy
      @Apexzy 2 роки тому +1

      @dailydose, I sent emails since 2021 till recently. I decided to stop. It's not worth it. Wishing everyone who applies to YC the best. But if we don't get in this year, I'm not gonna be sending numerous application. Been sending applications since 2019. All rejections. It is what it is.

  • @GregDubela
    @GregDubela 2 роки тому +1

    You guys track us pretty good.

  • @herdi1510
    @herdi1510 2 роки тому

    I am betting YC is rejecting our application again, and that is why this video show up at my UA-cam frontpage even Microsoft has backing us up. preparing for my mental health😨😧😦

  • @StreamAgency
    @StreamAgency 2 роки тому +1

    What's the Club-password to get into YCombinator? I'm trying to be a made-man!
    I don't know of too many products that provide hope, inspiration, direction and money.
    The product is insanely good.

  • @visionofseattle7147
    @visionofseattle7147 2 роки тому

    Super curious? If you haven’t heard back if you submitted before the deadline, what does that mean? It’s getting close to nov 11th? 😂🎉😅

  • @BibleCabin
    @BibleCabin 2 роки тому

    Excellent...
    Terribly excellent!
    "One day"... One day I'll be there!
    I'm trying...lol
    Thanks for sharing,
    James & Rescue Kitties

  • @rrichforever
    @rrichforever 2 роки тому +1

    Please YC, kindly work on increasing the percentage of African intakes.

  • @YoannBuzenet
    @YoannBuzenet 2 роки тому

    thanks guys, perfect

  • @kayhantolga
    @kayhantolga 2 роки тому +1

    Michael Seibel: I don't know, why do you think we suck at that(people miss understand what is ycombinator) though Dalton like it's pretty obvious we are bad at it.
    ## few minutes later
    Michael Seibel: We are not mafia but it is not completely false.. 😂

  • @intptointp
    @intptointp 7 місяців тому

    Lol. 5:00
    Not saying it’s a mafia.
    But I can’t say it’s NOT a mafia. Just watch yourself. 🤨

  • @andy_ppp
    @andy_ppp 2 роки тому

    You should help people fund raise who aren’t in YC. It sounds horrible out there.

  • @vlogmoinc5597
    @vlogmoinc5597 2 роки тому

    I'm ready to take the oath of silence

  • @ronallan8680
    @ronallan8680 Рік тому

    Why did he sound so much like a Mafia kingpin trying to explain they're Not Mafia

  • @LilNewtGingrich
    @LilNewtGingrich 2 роки тому +2

    lol the mafia edit

  • @kdme
    @kdme 2 роки тому +3

    they are totally a mafia! 😂

  • @Vhyname
    @Vhyname 6 місяців тому

    I bet Michael at 19:09 wanna do "Sign of the Cross" gesture 😅🤣😂😂

  • @Teedot.I
    @Teedot.I 2 роки тому

    Has anyone who's applied for Winter 2023 batch been accepted? Comment below please.

    • @markclingalinsonorin8051
      @markclingalinsonorin8051 2 роки тому

      there are 7 companies already got accepted,

    • @Teedot.I
      @Teedot.I 2 роки тому

      @@nitishgautam that's lastest they'll announce for interviews for early applicants.

    • @Teedot.I
      @Teedot.I 2 роки тому

      @@markclingalinsonorin8051 how do you know the Numbers?

  • @SelmanF-j4w
    @SelmanF-j4w 4 місяці тому

    I find videos so helpful but Michael’s laughing so frequently and so annoying.
    It’s like watching Tom cruise laughs in his movies
    It’s like you wake up at midnight and hear tick ticks of clock or drop of water in drain.
    Anybody has same problem

  • @mus3equal
    @mus3equal Рік тому

    👍

  • @chandansheth1
    @chandansheth1 2 роки тому

    These videos are where YC pitches to the world to invest their 7% .. haha .. hehe.. hohoho ;)

  • @przeor
    @przeor 2 роки тому +4

    For some reason, I don't like this format of YC videos - do you have similar feeling?

  • @todayu
    @todayu 2 роки тому

    In the words of Homer Simpson... "Shut up and take my equity!" 📑✍🏾
    Great video. I've watched a ton of YC content while getting my company off the ground and this was the video that convinced to me to stop watching and start applying. 🙌🏾

  • @bluepunkrocker
    @bluepunkrocker 2 роки тому +2

    I'm ready to start my business! I watched a whole 3 videos so I think I've got this lol web3 eat too earn LFG 😋 love the content guys!