![]() ![]() Your core message should be crisp and constructed in a way that an intelligent person who is not an expert in your sector/ function can understand. Simply making things easy to understand and following instructions will get you to the top 50% of applications. Your application might be right after a brutal board meeting or putting kids to sleep or any range of circumstances. It’s read by humans, and will necessarily have human components. Reading through thousands of applications manually is not easy. Too many founders do creative things to make their application stand out only to get filtered out on the first part of the funnel. This is the funnel you should think about when crafting your application.īefore an investor can evaluate something, the investor needs to understand it. In the screening phase of an investment, investors will need to answer at least three questions. Your job in the application is to maximize your chances of getting through the funnel and be a part of that 10% for an interview. So we know that each year, over 15,000 companies apply, of which around 1,500 companies (10%) get an interview, of which around 200 companies make it into the program. For me, YC was helpful, but it was not the source of my convictions. Every respectable investor I’ve spoken to admits that they can be wrong about passing on your company. YC will also tell you this on the first day of the batch. The success of your YC application is NOT a proxy of your worth or chances of building a successful company.In the end, I chose the accelerator, not the other way around. I also applied to several accelerators - some turned out, and some didn’t. Apply to several accelerators if you need a community. Even if you have a killer company and a killer application, it is possible you might not get into YC. The game you’re playing has asymmetric outcomes.For me, that meant raising a pre-seed round before getting into YC to build my company with clear execution. If your company will die without YC, then it is unlikely any investor, including YC, will invest. In practical terms, that means you should have a plan to build and grow your company regardless of YC. YC partners will tell you this as soon as you get in. Y Combinator is not the be-all and end-all for your company.The purpose of this piece is to minimize the time you spend on optimizing the application and maximize your time on building your company.īut before I dive in, I’d like to share a few reminders to get you in the right mindset as you start preparing for your application: In this piece, I’ll be consolidating advice and providing educated guesses having gone through YC and having been an investor on the other side of the table. The application is a straightforward process. Don’t waste your time micro-optimizing your application. ![]() There is endless content about “how to get into YC”. So if that’s what’s holding you back, you should apply. I got into YC with an idea - no product, no revenue. Before we begin…Ĭongratulations on starting your company and applying to Y Combinator. ![]() Here is his comprehensive guide to writing the perfect YC application. Kang was a former investor at Softbank and currently a venture partner at Pioneer Fund, a VC fund run by YC alumni. Flowbo provides capital to one-person businesses that don’t have access to bank loans. So, for answers, we at Razorpay Rize reached out to a founder who knows what it takes to get into Y Combinator.ĭaniel Kang is CEO & Co-founder of Flowbo, and was accepted to Y Combinator’s Summer 2021 batch. What are investors looking for? What story to tell? How to tell it? These are questions YC aspirants always grapple with. Crafting that perfect Y Combinator application can seem like a daunting task. ![]()
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