YC
Y Combinator Is Back In Person
@ Y Combinator
06/09/22
Takeaways
MS
Michael Seibel
06/09/22
@ Y Combinator
The Summer 2022 batch will be the first in-person batch since Winter 2020, and we're excited to see founders face-to-face again.
MS
Michael Seibel
06/09/22
@ Y Combinator
Founders in this batch will have an in-person retreat in Sonoma to kick things off, along with weekly meetups in San Francisco and other cities worldwide.
MS
Michael Seibel
06/09/22
@ Y Combinator
We're building software to help founders connect for one-on-one meetings and organize a large end-of-batch celebration after demo day in San Francisco.
MS
Michael Seibel
06/09/22
@ Y Combinator
The program will still accommodate remote founders, with online office hours and talks, ensuring participation from founders globally.
MS
Michael Seibel
06/09/22
@ Y Combinator
Founders are eager to meet in person, moving away from Zoom and cameras, which has created a lot of excitement for this batch.
DC
Dalton Caldwell
06/09/22
@ Y Combinator
There has been an increase in applications for the Summer 2022 batch, likely influenced by the new Y Combinator deal.
DC
Dalton Caldwell
06/09/22
@ Y Combinator
Teams are becoming slightly more technical, which is exciting because working with strong technical teams makes the process more enjoyable.
DC
Dalton Caldwell
06/09/22
@ Y Combinator
Founders who are excited about building and solving problems for users are still applying, and those not making fear-based decisions are more enthusiastic about joining Y Combinator.
DC
Dalton Caldwell
06/09/22
@ Y Combinator
Some of the best companies funded by Y Combinator were founded during downturns, indicating that challenging times can lead to successful startups.
MS
Michael Seibel
06/09/22
@ Y Combinator
There's a trend of founders wanting to be part of a startup ecosystem rather than just building one, showing a desire for community and collaboration.
MS
Michael Seibel
06/09/22
@ Y Combinator
Many founders expressed that if they had known about in-person opportunities during the previous batch, they would have relocated to participate.
YC
Y Combinator Cast
06/09/22
@ Y Combinator
Recent college graduates often prefer moving to the Bay Area over staying in their college towns, especially if they are living with their parents, as it represents a better opportunity for them.
YC
Y Combinator Cast
06/09/22
@ Y Combinator
Content marketing often reflects the perspectives of older individuals who have been living in San Francisco during the pandemic, which may not resonate with recent graduates seeking new opportunities.
YC
Y Combinator Cast
06/09/22
@ Y Combinator
Smart founders understand their unique situations and know how to apply general advice to their specific circumstances, rather than panicking over external market conditions.
YC
Y Combinator Cast
06/09/22
@ Y Combinator
The economic downturn has prompted Y Combinator founders to take a sober look at their situations, assessing whether their strategies are beneficial for their businesses rather than just for investors.
YC
Y Combinator Cast
06/09/22
@ Y Combinator
Y Combinator's new standard deal aims to ensure that companies are fully funded upon acceptance, reflecting a strategic response to market conditions and the need for sustainability.
YC
Y Combinator Cast
06/09/22
@ Y Combinator
The recent trend in funding shows that companies are now expected to raise more money upfront to prepare for potential market changes, ensuring they remain fully funded during downturns.
YC
Y Combinator Cast
06/09/22
@ Y Combinator
Historically, successful companies were built with much smaller seed rounds, indicating that the current funding environment may be skewed and that adequate funding can still lead to success.
YC
Y Combinator Cast
06/09/22
@ Y Combinator
Y Combinator has sufficient funds available to support a large number of companies, ensuring that any startup accepted into the program will have the necessary resources to thrive.
MS
Michael Seibel
06/09/22
@ Y Combinator
The new standard deal allows Y Combinator to fund over 1,400 companies, providing half a million dollars upfront to founders, which helps them overcome fears about the current funding environment.
MS
Michael Seibel
06/09/22
@ Y Combinator
Founders are now able to raise seed funding with significantly less dilution, often around 10% or even less, compared to the historical average of 25-35%.
MS
Michael Seibel
06/09/22
@ Y Combinator
Having extra funding helps founders approach fundraising with confidence, making it easier to negotiate and plan without being influenced by fear.
MS
Michael Seibel
06/09/22
@ Y Combinator
Y Combinator founders are increasingly able to push back against negative investor sentiments and maintain a sober approach to their planning and fundraising efforts.
MS
Michael Seibel
06/09/22
@ Y Combinator
Y Combinator is excited to see a growing number of alumni engaging with their content, indicating a strong connection between current and former founders.
MS
Michael Seibel
06/09/22
@ Y Combinator
The upcoming Summer 2022 batch is set to begin in mid-June, and Y Combinator is looking forward to meeting new founders and hosting a large alumni event in San Francisco this fall.