Restocks (YC W16) Helps You Track and Buy the Most Coveted, Hard-To-Find Products

As more and more brands release products with extremely limited availability, consumers have resorted to camping out, spending hours in digital queues, or paying upwards of 400% over retail for coveted items like limited edition sneakers and apparel.

Restocks is a company that launched out of our Winter 2016 class that does all the hard work of finding he most in-demand items, with a subscription service which alerts users of the availability of popular but hard-to-find products. Restocks has created the first central place where stock information is stored and pushed out to the people who care most about it, with software that tracks 45,000 products in real time.

TechCrunch's Matthew Panzarino wrote an in-depth review of Restocks this week:

"Over the past couple of months, I’ve purchased more items through Restocks than any other mobile commerce app aside from Amazon. And I’d wager that aside from a couple of statistical outliers each of those purchases were for more money on average.

Restocks is the answer to a simple question: What if you could target the world’s most ravenous purchasers at the exact moment they’re most likely to buy some of the world’s most sought after products?

Restocks is app that drives purchasing via push notifications when highly anticipated shoes and streetwear brands (for now) release or re-stock items. It’s also cost me hundreds of dollars over the few weeks I’ve been testing it. From limited release Nike shoes to boutique brands like Supreme, Reigning Champ, Concepts and Kith — each purchase is a push notification and a couple of taps away.

Restocks is on my home screen. Amazon isn’t even home screen worthy."

Read the full article here, and check out Restocks here.

Y Sequoia Combination

Today, Y Combinator announced its intent to acquire Sequoia Capital. This deal is still pending regulatory review and a successful pitch by Sequoia managing partner Doug Leone on YC Summer 2016 Demo Day. We’re not disclosing the financial terms, but Sequoia's ownership of YC-backed companies will pass to us, so I’ll just say we're once again the largest outside shareholders in Airbnb, Dropbox, and Stripe.

Sequoia Capital has had an Incredible Journey being the leader in venture capital investing in Silicon Valley for most of the last 40 years.  They have partnered with iconic companies like Apple, Google, Yahoo, PayPal, YouTube, LinkedIn, and WhatsApp.

The acquisition will enable our firms to realize a number of operational synergies. We have a blog and Sequoia doesn’t. Sequoia’s day-long Monday partner meetings will be replaced with Tuesday night dinners. And now YC companies will automatically receive a Sequoia term sheet to negotiate better terms from other firms. Sequoia will become the new YCVC group*, where they will take a hands-on role of turning YC’s best companies into enduring franchises, which they have been doing anyway.

The combined entity will officially be called “Sequoia Combinator”, but will do business as “YC”, as brevity is very important to both organizations. The new YC logo will be changed from orange to green as it is the color of sequoia leaves and money. Sir Michael Moritz will become chairman and also return to his journalistic roots as editor of Hacker News. Sequoia will help launch YC China, YC India, and YC Israel, and YC Forestry, which will be focused on preservation of sequoia trees worldwide.

Alfred Lin from Sequoia adds “YC is a perfect match for Sequoia because YC has been such a great source of deal flow for us. We don’t have to beg to invest in them anymore.”

Justin Kan from YC adds “Sequoia has so many partners on the Midas List and we’re really looking forward to learning from real investors.”

We are so excited for the future!

 

*Sequoia LPs will have 30 days to export their data.

First Fellowship Virtual Demo Day

Congratulations to the Fellowship teams who presented at the first Fellowship Virtual Demo Day! 

Find out more about the F2 Fellowship companies here: 

Awesound - AdWords for podcasts

BillionToOne - Fetal genetic testing in India

Bulletin - Airbnb for Retail

Cerplus - B2B marketplace for surplus produce

ConnectHealth - Telemedicine and prescription delivery in Africa

Ctzen - 311 for the developing world

GTRACK Technologies - Nanoparticle tracers for fracking

HDP Health - Helping clinical trials find patients using AI

Ilium VR - Rifle controller for virtual reality

Instrumentl - Concierge service for research

Mentat - Concierge service for jobseekers

Müvr Labs - Fitbit for your knees

OMG Digital- Buzzfeed for Africa

Palaround - Tinder for private networks

Pramp - P2P practice for livecoding interviews

Queen B Robotics - Drones for virtual reality content

Rent Scene - Apartment hunters for busy people

Sage - Uber for eldercare workers

SmartSite - Automated health monitoring for construction sites

Spotbot - Track website changes in Slack

Squire - OpenTable for barbershops

Suto - Personalized product recommendations on demand

Sway - Chatbot for company finances

The Flex Company - Menstrual product for mess-free period sex

Zube - Project management for Github issues

If you're an accredited investor who would like access to the Fellowship's Virtual Demo Day contact fellowship@ycombinator.com.


Goodybag (YC W16) Simplifies Catering for Enterprises


Anyone who has used a catering service for meetings or corporate gatherings can explain how frustrating the entire process is. What seems like a simple task actually involves searching through various vendors, determining dietary restrictions, planning logistics, and invoicing the order.

Goodybag is a company launching out of our Winter 2016 class that streamlines the corporate meal-ordering process. Anyone can log onto the site and browse through local caterers before ordering online. In addition to ease of use, Goodybag also offers live customer support. Unlike other on-demand food delivery services, Goodybag does not actually deliver anything. Rather, it is a self-serve marketplace that allows companies to compare and book meals for specific events. Because of this, Goodybag can scale rapidly without being lost in unit economics.

The three behind Goodybag are Jay Panchal, Om Panchal, and Jag Santha. Jay Panchal and Jag Santha met in college at Georgia Institute of Technology while studying Systems Engineering. Om Panchal, Jay's brother, studied Biology at Southwestern University. 

Goodybag has done over $5.5M in orders from just the Austin, Houston, Seattle, and Nashville area.  

Learn more about Goodybag here.

OctaveWealth (YC S12) is a Full Service 401(k) for SMBs

Administering 401(k) plans can be quite confusing for small and medium sized enterprises, which still use paper-based solutions. Online 401(k) providers integrate with digital payroll but fail to provide investment expertise. Companies then have to rely on additional third-party providers for investment management and record keeping. These providers often tack on additional fees that range from 0.30% to 1% of assets. High fees and increasing legislation and litigation over plan costs are some of the top reasons companies switch 401(k) providers.

OctaveWealth is a company that launched out of our Spring 2012 class that provides a transparent, full service 401(k) with no asset-based fees. Its technology provides third-party administration, record keeping, and investment management. Every 401(k) plan includes a series of investment portfolios that employees can invest in with a single click. Each portfolio is diversified across 50 global equities and fixed income markets, individually designed for an employee’s risk tolerance, and built using the same quantitative investment process as the world’s largest asset managers.

By giving employees a set of managed portfolios to invest in, OctaveWealth makes it easier for them to invest immediately upon enrollment. By complimenting this with a variety of risk profiles, this solution increases the likelihood of employee investment. Furthermore, advanced users can access custom portfolios and choose any funds or individual stocks. On average, each employee saves 75% of the total cost in the first 5 years alone, which can grow to more than 95% over time.

Dharmesh Malam and Rikin Shah, co-founders of OctaveWealth, met 13 years ago at Imperial College in London. The two previously founded BigCalc, a big data startup that helped algorithmic trading firms reduce risk by running trading simulations 100x faster. Before that, Malam worked on software at Blackrock and Fidelity while Shah worked on quantitative trading at UBS.  

The company launched in private beta late last year and the number of employees on their platform has been growing 20% week over week.

Learn more about OctaveWealth here.

Justin Time

Justin Kan is going to be the new spokesman for YC and handle the PR requests we get.

You should probably follow him on Snapchat (username: justinkan).

On a more serious note, I'm always impressed with how well-spoken Justin is, and how well he is able to connect with both reporters and founders.

Gecko Robotics (YC W16) Builds Robots to Automate Infrastructure Inspections


Gecko Robotics is a company launching out of our Winter 2016 class that develops and operates robots to automate infrastructure inspections. Today, Gecko is focusing on power plant inspections.

Plants are required to shut down at least once a year to check for damage to their boilers. To do these inspections, crews install 150 foot tall scaffolds and climb up the walls in search of damaged areas in need of repair. These inspections are slow, inaccurate and dangerous. A typical inspection takes several days, and every hour a power plant is down costs tens of thousands of dollars -- in aggregate, power plant shutdowns cost power plants some $12 billion a year.

The Gecko solution is to send certified inspectors robots into these confined, dirty, and dangerous places.

TechCrunch's Sarah Buhr interviewed Gecko for a story published this week:

"Gecko’s proprietary magnetic adhesion technology works much like the sticky foot of a gecko, allowing its robots to crawl up walls to inspect for damage along the way.

A human would normally be the checker, but that presents an often dangerous situation. According to Gecko, most plants must shut down at least once a year to check for damage to the boiler. To do these inspections crews install 150-foot scaffolds and climb up the walls in search of areas in need of repair. On top of that, inspections can take up to seven days, with plants losing up to $1 million per day, says Gecko.

But for $50,000 to $100,000 Gecko deploys robots to do the work of human inspectors, saving time and money in the process."

Read the full story and see a video of the Gecko machine here.

NURX (YC W16) Prescribes and Delivers Medications On-Demand, To Your Door

NURX is a company launching out of our Winter 2016 class that aims to reduce the barriers to getting medications such as birth control for everyone, regardless of where they live.

NURX prescribes and delivers medication without you ever having to set foot in a doctor’s office. The company is starting by prescribing and delivering birth control and emergency contraceptives, and next plans to expand to offer HIV prevention medications Truvada and PReP.

7x7 Magazine wrote about NURX in a story published earlier this year:

"If you're a woman living in the United States, you already know that getting your hands on birth control can be a complex and expensive process. A new SF-based app called Nurx is offering a digital solution to getting your b.c. on time and at an affordable price. 

Founded by Hans Gangeskar and Dr. Edvard Engesaeth, Nurx is the newest white glove service to offer home delivery in the Bay Area. But instead of clothes or food, Nurx is offering to deliver the ring/pill/patch straight to your door in less than 48 hours. Plus, it's free to use with insurance. 

'Research shows that the easier and more affordable birth control is, the more women will use it. Women should not have to jump through unnecessary hoops, just to access birth control,' said Dr. Edvard Engesaeth, co-founder of Nurx.

Here's how it works: You choose your preferred brand of birth control, answer a few questions, enter your insurance information, and place your order all on the website. A Nurx physician will review your order and write your prescription, and the medication is delivered to you at no cost, if you have insurance. If you don't have insurance, the prescription and delivery are still free, and the medication itself starts at $15. It's that easy."

Read more about NURX in 7x7, CNN, and Elle, and visit their website at Nurx.co.

TRAC (YC W16) Brings Race Timing and Analytics Into the 21st Century

Over 26,000 running races occur within the United States each year, and worldwide, road races generate an estimated $8 billion annually in fees. However, this fast-growing segment of the sports industry has missed out on advances in innovation that have begun to transform other parts of the entertainment and wellness industries.

TRAC is a company launching out of our Winter 2016 class that wants to finally bring race timing and analysis into the 21st century, with a proprietary, flexible, on-demand race timing solution.

Deborah Gage at the Wall Street Journal wrote a story about TRAC this week:

"In a sparsely furnished apartment in Mountain View, Calif., Griffin Kelly and Elliot Hevel, both 24 and shoeless, are working on their first startup --Timing and Racing Around the Clock Inc., which makes a timing device, TRAC, that measures runners’ speed.

Both are runners who graduated from Northwestern University in 2013 with masters’ degrees in engineering. They have made a software-powered device that can be mounted on a tripod and operated by a smartphone, remotely if necessary, reading runners’ RFID chips as they cross the finish line and at various points along a race to calculate their times."

Read the full story here.

Boom (YC W16) is Building an Affordable Supersonic Aircraft


Boom is a company launching out of our Winter 2016 class that is building a 40-seat supersonic plane for business travel. The current prototype has a maximum speed of Mach 2.2, making it the fastest passenger aircraft. 

Ashlee Vance wrote a story on Boom for Bloomberg Business:

“The Boom engineers say new materials and software made a Concorde replacement viable only in the last 10 years. Their plane will be built using a carbon-fiber composite instead of aluminum, making it lighter and able to travel faster. (Because of the heat generated by intense friction, aluminum softens at speeds higher than Mach 2.) Boom’s software can also run millions of computer simulations a day on its designs, so the startup doesn’t have to spend months tweaking things in wind tunnels.

According to the simulations, Boom’s design is quieter and 30 percent more efficient than the Concorde was. Its 40 seats will be split into two single-seat rows, so everybody has a window and an aisle. To reduce weight, the seats are of the standard domestic first-class variety, so no laydown beds. To cut flight time, Boom’s plane will cruise at 60,000 feet, where passengers will be able to see the curvature of the earth, while going 2.6 times faster than other passenger planes. Scholl says about 500 routes fit the craft’s market, including a five-hour trip from San Francisco to Tokyo and a six-hour flight from Los Angeles to Sydney.”

Read the full story here.