Startupfest 2019 - 1000 startups — 5 things I've learned after seeing 1,000 companies go through YC

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This document discusses the value that Y Combinator provides to founders. It notes that Y Combinator funds over 2,000 startups and its companies have created $150 billion in total value. It emphasizes that Y Combinator's model of providing coaches, community support, and connections to other founders significantly improves founders' chances of success compared to attempting to start a company alone. The document encourages founders to take advantage of Y Combinator's resources and network to help ensure their startup thrives.

Small Business & Entrepreneurship

Since 2005, YC has
funded over 2,000+
startups.

About 30 YC companies
based in Canada.
2018: Funded 25+
companies w/ founders
based in Canada pre-YC

We fund all types of
companies — from
aerospace to
consumer social apps.

40% of
companies
based outside of
the U.S. before
starting YC

August 2018
Stage
60% pre-launch
40% have a launched a product
Some with revenue and money raised

What makes
YC work?
How Y Combinator Works

“Why shouldn’t executives have coaches?
The greatest athletes in the world all
have coaches. Every profession, especially if
you’re trying to be the best, should have some form of
coaching.”
- Alexis Ohanian, founder, reddit
How Y Combinator Works

“When I ﬁrst started Y Combinator, a Partner said told me
that he knew we were going to be huge. I think that gave
me so much conﬁdence because someone as successful as
he was believed in me...inspiration will come from a balance
between yourself and other people.”
- Mathilde Collin, founder, Front
How Y Combinator Works

3 of the top 50 YC companies
were founded by solo founders

Write down + Reach out
> Write down what you’re good at +
what skills you’re lacking.
> Write down the 3-5 people who are
best at the skills you’re lacking.
> Reach out to them.

August 2018
Free, 10-week course online.
• Solo founder experiment
• Starts July 22
• startupschool.org
How Y Combinator
Works

Dream Team
> They’ve done the thing themselves
> More than one data point
> Getting perspective

Write down + Reach out
> Who are the best people you know
or who you might be introduced to
that have started or helped startups in
your ﬁeld?
> Reach out to them.

~75% of venture backed startups fail.
At YC, ~70% are still alive.
The strength of the YC
Alumni network

Network Effects
• 4k founders
• Bookface is like Facebook meets
Quora meets LinkedIn
• Help
• Customers

Give yourself the
best chance to
succeed

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Startupfest 2019 - 1000 startups — 5 things I've learned after seeing 1,000 companies go through YC

1. 2 Things Founders Need

2. Kat MañalacPartner, Y Combinator

3. Since 2005, YC has funded over 2,000+ startups.

4. $150 Billion How Y Combinator Works

6. About 30 YC companies based in Canada. 2018: Funded 25+ companies w/ founders based in Canada pre-YC

7. 150k for 7% How Y Combinator Works

8. We fund all types of companies — from aerospace to consumer social apps.

9. 40% of companies based outside of the U.S. before starting YC

10. August 2018 Stage 60% pre-launch 40% have a launched a product Some with revenue and money raised

11. Demo Day

12. What makes YC work? How Y Combinator Works

13. Coaches + Community

14. “Why shouldn’t executives have coaches? The greatest athletes in the world all have coaches. Every profession, especially if you’re trying to be the best, should have some form of coaching.” - Alexis Ohanian, founder, reddit How Y Combinator Works

15. “When I ﬁrst started Y Combinator, a Partner said told me that he knew we were going to be huge. I think that gave me so much conﬁdence because someone as successful as he was believed in me...inspiration will come from a balance between yourself and other people.” - Mathilde Collin, founder, Front How Y Combinator Works

16. Your core team: Cofounders

17. 3 of the top 50 YC companies were founded by solo founders

18. Write down + Reach out > Write down what you’re good at + what skills you’re lacking. > Write down the 3-5 people who are best at the skills you’re lacking. > Reach out to them.

19. August 2018 Free, 10-week course online. • Solo founder experiment • Starts July 22 • startupschool.org How Y Combinator Works

20. Team of Coaches

21. Group Partners

22. Dream Team > They’ve done the thing themselves > More than one data point > Getting perspective

23. Write down + Reach out > Who are the best people you know or who you might be introduced to that have started or helped startups in your ﬁeld? > Reach out to them.

24. Founder Community

25. ~75% of venture backed startups fail. At YC, ~70% are still alive. The strength of the YC Alumni network

26. Paying it forward

27. Airbnb founders

28. DIY Community

29. Network Effects • 4k founders • Bookface is like Facebook meets Quora meets LinkedIn • Help • Customers

30. Group Ofﬁce Hours

31.

32. Give yourself the best chance to succeed

Startupfest 2019 - 1000 startups — 5 things I've learned after seeing 1,000 companies go through YC

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