When does Y Combinator run
Y Combinator also has programs for later-stage startups and investors this year
The well-known US accelerator Y Combinator comes up with new programs. Applications for the Growth Stage Program (until February 23) and the Startup Investor School (until February 18) are currently open. Y Combinator is actually known for its seed program for very young startups. The fact that the Accellerator is now also opening up to later-stage startups is primarily due to the success of the Seed program.
Y Combinator has been investing sums of $ 15 million to $ 50 million in established startups since 2015 - especially in alumni of the Seed program. Ali Rowghani, who manages this “Continuity Fund”, finally pointed out that “more adult” startups have different organizational needs than early stage entrepreneurs and that they could learn a lot from each other.
Dinner together for ten weeks
In a pilot phase, Y Combinator then organized informal weekly dinners with founders and experts last year. The Growth Stage Program was developed from this and will start in April this year. The participants go out to eat together for ten weeks, exchange ideas intensively every evening and thus develop their companies further. Applicants should already have a Series A round and employ around 50 to 100 people. 15 companies are included per batch. The focus is on YC alumni, but external startups are also welcome.
Better investors, better startups
A training program for seed investors is also new. The “Startup Investor School” is a free four-day course from March 4th to 8th, which is also streamed live online. The investors can finally get their new skills on the famous Demo Day on 19./20. Try March. On these days, YC startups traditionally pitch in front of investors. Ten graduates of the “Investor School” are allowed to appear in person and the rest are invited to a live stream. On the one hand, the course deals with classic investment questions such as “How much should I invest” or “How do I build a portfolio”. But it's also about working with and coaching startups. Y Combinator: "This will also increase the quality of the startups".
In Austria, the AAIA (Austrian Angel Investors Association) also offers (paid) advanced training for investors with the Investors Academy. Last year, the two-day program took place in the Wattens workshop in Tyrol in mid-October and consisted of a mix of lectures and workshops.
Three Austrian startups were at Y Combinator
Y Combinator is the most famous startup incubator worldwide and the dream destination for thousands of international founders every year. The incubator in Mountain View is known for its seed program, which helps very young startups. The alumni include well-known companies such as Dropbox or Airbnb - three startups from Austria have so far secured a place in the popular program: Usergems, Gustav and Bitmovin. Since it was founded in 2005, Y Combinator has invested in around 1,600 startups (the incubator takes 7 percent from each participant for $ 120,000). The application for the YC-Batch 2018 is also still open until March 24th.
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