YC and Founders Pledge

Many of our founders ask us about how they can donate part of their equity or post exit proceeds, and now we have an answer: Founders Pledge.  

With Founders Pledge, founders can sign a pledge to donate some portion of their personal equity and then figure out the recipients for the donation later. Founders Pledge handles all the legwork. As a charity itself, pledges are eligible for tax relief at time of exit and funds can be deployed globally.

Founders Pledge (1) allows founders to decide now that charitable giving is important to them, (2) doesn't impact other stockholders of their company and (3) requires only about 5 minutes of time and no participation costs. Founders Pledge also provides substantive post-exit support including cause area analysis, charity sourcing, deep due diligence, and impact reporting.

More than 500 founders have already pledged with Founders Pledge, including those from Jawbone, Shazam, SwiftKey, AvantCredit, Deepmind, Huddle, Farfetch, Hampton Creek, FundingCircle, Blockchain, Zesty, Vicarious, and Unruly, as well as 10+ YC companies. 

If you want to learn more, visit https://founderspledge.com/. If you have questions, you can reach out to Ben Clifford (ben@founderspledge.com).

YC Office Hours in Prague - Sept 22

YC is hosting office hours in Prague on September 22. 

YC's Dominika Blackappl will meet founders for 25-minute sessions. She is an industrial and user experience designer who cofounded and led 5 startups. Prior to that, she ran her own design firm and spent time at IDEO.

She's interested in speaking to any types of companies, and can be particularly helpful if you need design advice. 

Please sign up by end of day on September 18. If you're selected, we'll reach out with your time slot and the location by end of day on September 20.

YC EdTech Office Hours - Sept 29

YC's Tim Brady and Geoff Ralston are hosting office hours with edtech companies on September 29. 

Office hour slots are 25 minutes each and will be especially helpful for founders who are considering applying for the next batch of YC. 

Sign up here. 

Please sign up by end of day on September 21. If you're selected, we'll reach out with your time slot on September 23. Office hours will take place at YC's office in Mountain View or on Skype.

YC EdTech Office Hours
Thurs, Sept 29, 2016 from 2pm-5pm PT
Sign up here >


YC Changes

TL;DR:
*Michael Seibel will be the new CEO of YC Core, which we are now just going to call "YC".
*Ali Rowghani is now the CEO of the YC Continuity Fund.
*I’m going to be the President of YC Group, which includes YC, YC Continuity, YC Research, and our new online class. We’ll add more organizational units over time.
*We’re going to replace the Fellowship with a much larger MOOC launching next year.

YC continues to expand and we have several changes to announce:

YC

Michael Seibel is going to become CEO of what we called YC Core and are now again going to refer to as just “YC”. Making a distinction between YC Core and the Fellowship was simply too confusing for everyone. Michael will be responsible for the administration and success of the program.

Michael has been an informal leader within the organization for a long time, as well as a close advisor to many, many startups we’ve funded.  He began his relationship with YC as co-founder of Justin.tv (which became Twitch) along with Emmett Shear, Justin Kan, and Kyle Vogt in the W2007 batch.  He was also the CEO of Socialcam (YC W12, sold to Autodesk) and an early advisor to Airbnb.

Paul Buchheit (known to everyone in YC as PB) is going to take on a role similar to the provost of a university.  He will drive improvement of the program and help advise startups on their hardest problems and biggest opportunities (which, again, he’s been doing for a long time).  PB is one of the most consistently brilliant out-of-the-box thinkers I’ve met.

YC Continuity Fund

Ali Rowghani is now the CEO of the YC Continuity Fund, which has already become a thriving unit within the YC Group. The Continuity Fund has grown from just Ali 18 months ago to a team of 6, and has already led a number of investments in growth stage YC companies.

In addition to becoming the first phone call of the founders he’s worked with, Ali has become an invaluable part of the YC partnership as we operate and scale our own organization.  

My role; other groups

I’m going to change my title from “President of YC” to “President of YC Group”.  In addition to the 4 we already have, I expect that we will add another two large units to YC in the next couple of years, although that number could easily be 1 or 3.  I’ll be responsible for getting new units started.

Fellowship

We’ve run the Fellowship 3 times.  We’ve learned a lot about how to help remote startups (and found a few things that didn’t work).  

The goal of the Fellowship was to make YC more inclusive and increase the number and range of companies we can help get started. Now, we're taking the lessons we learned from Fellowship and we're expanding it into a MOOC, so that anyone can participate. The online course will teach content similar to that of the Fellowship, and it will follow a similar structure.

We’re going to call the MOOC “Startup School” as an homage to YC’s Startup School (the conference YC has hosted since 2005). We plan to offer it in 2017 and we’ll share more information on it soon.

I’m going to teach the class.

YC Research

We’re currently supporting 4 groups—OpenAI, Basic Income, HARC, and Cities.  This is a little ahead of our planned pace, and we expect to add just a couple more over the next couple of years.

We’ve also mostly figured out what our unifying theme for YC Research is and will share more soon.

A List of Y Combinator Companies

We published a list of launched YC companies we've funded since 2005. 

See it here.

The list was opt-in, so not every company we've ever funded is listed. 

Quick stats (which you can find here):
- As of today, YC has funded 1,382 companies (including Fellowship companies)
- Total market cap of YC alum: $70B 
- Total money raised by YC companies: $10B 
- Number of YC companies worth more than $1B: 10
- Number of YC companies worth more than $100 million: 52

Jessica Livingston on HTBTF

Our second guest on How To Build The Future is Jessica Livingston, Co-Founder of Y Combinator!

You can watch it here: http://www.ycombinator.com/future/jessica/.


Jessica has been instrumental in the creation and continued success of YC.  She talks here about what founders of very successful companies do in their early days, and also what she did in the early days to make YC into what it's become.

Also, we've moved the site for these interviews to http://www.ycombinator.com/future/.

Welcome Sharon!

Sharon Pope will be joining YC to run programs and marketing for the YC Continuity Fund.

Sharon was most recently the Chief Marketing Officer for Green Dot Corporation (inventor of the prepaid debit card; creator of the first fully mobile bank account, GoBank). Prior to that, she ran marketing & PR at Loopt (acquired by Green Dot) and managed PR and content for a range of tech companies while at San Francisco PR agencies.

We’re excited for Sharon to help engage growth stage founders and YC alumni.


Last Day to Apply for Startup School 2016!

It's the last day to apply for Startup School 2016. Apply here

Startup School will be hosted at the Flint Center in Cupertino, CA on September 17. 

Speakers include:
Marc Andreessen · Founder, a16z 
Kalam Dennis and Reham Fagiri · Founders, AptDeco 
Ooshma Garg · Founder, Gobble 
Reid Hoffman · Founder, Linkedin and Partner, Greylock
Gabe Leydon · Founder, Machine Zone 
Ben Silbermann · Founder, Pinterest  

You’ll also get a peek at some of what we do at YC. Kevin Hale and Qasar Younis will host on-stage office hours with three companies from the audience, and Sam Altman and Paul Buchheit will hear startup pitches and workshop them on-stage.

We hope to see you there!