We've now read all the late applications for summer 2010 and contacted the groups we wanted to talk to in person, so if you submitted a late application and you haven't heard from us by now, that means we're not going to fund you this summer. Please don't let that get you down, because it is much harder (about 3x harder) for a late application to be accepted. We saw plenty of late applications we would have invited to interviews if they'd applied as part of the regular process. We hope groups that applied late will consider applying again for the next YC cycle, whose application deadline will be this fall.
We've just sent out all the invitations for Work at a Startup. If you applied, please check your email and rsvp using the link we sent you.(If you don't see the email, check your spam folder.) It looks like it should be a good event. We have around 35 YC-funded startups lined up to present, at all different stages. As far as we know, nothing like this has been done before, so we are interested to see all the different presentations ourselves. Unfortunately we received a lot more requests for invitations than we have room for in our building, so we couldn't invite even some people whom some founders had rated as "excellent." Next time we do this, we may try to find a bigger space.
At 1:00 pm (PDT) tomorrow, I'll be interviewing Reddit founder Alexis Ohanian. Alexis founded Reddit with Steve Huffman in 2005 and was part of Y Combinator's first funding cycle. Reddit was one of a new generation of user-driven news aggregators that has changed the way millions of internet users get their news. I hope you'll tune into Justin.tv (http://www.justin.tv/jessicaycombinator)!
Hello, Chair, the company that develops a social app recommendation engine within an iPhone app, has raised $850,000 in funding from Harrison Metal Capital, Mitch Kapor, Chris Sacca, and Wilson Sonsini. The startup previously raised money from Y Combinator and David Parker.
Unemployment may be high, but it’s still tough for young start-ups to find talented computer programmers in Silicon Valley, according to incubator and seed-investment firm Y Combinator. That’s why it’s holding a unique event on June 17 called “Work at a Startup,” in which the firm’s portfolio companies will present their businesses to job seekers. About 125 programmers will hear pitches from 35 Y Combinator companies, followed by a networking reception. (The deadline for programmers to apply is at 12 a.m. PT tonight.)
We caught up with Jessica Livingston, partner at the firm, to talk about the “Work at a Startup” event.
The deadline to apply for Work at a Startup is tonight!
If you're a programmer interested in attending our new event, Work at a Startup, the deadline for applying is tomorrow at midnight PST.
We're happy to announce we've just closed a new fund of $8.25 million. The investors are a superset of those who invested in our previous fund: Sequoia Capital led again, and in addition we have a number of prominent angels, including Ron Conway, Paul Buchheit, Aydin Senkut, XG Ventures, and Geoff Ralston. It has been pleasant to work with investors who understand startups so well, and we look forward to continuing the relationship.The new fund is more than four times larger than the preceding one, partly because it's meant to last for several years, and partly because we're going to use it to increase the number of startups we fund. It looks like we will have at least 35 in the summer 2010 funding cycle. (The number could increase, because we now consider late applications till just before the start of each cycle.) The previous YC funding cycle, winter 2010, had 27 startups. Already 20 of them (74%) are either profitable or have commitments for further funding. With the summer group, Y Combinator has now funded 207 startups, including Airbnb, Bump, Cloudkick, Clustrix, DailyBooth, Disqus, Dropbox, Heroku, Heyzap, Justin.tv, Loopt, Posterous, RethinkDB, Reddit, Scribd, Songkick, Weebly, Wepay, Wufoo, and Xobni.
Tech Talks - Albert Wenger, Chris Dixon, Dave McClure, Brad Feld, Paul Graham, Dick Costolo (moderator)
What do notable tech-minded VCs think about big trends happening today? In this session, you'll get to hear from and ask questions to a panel of well-respected investors, all of whom are programmers by trade. Albert Wenger, Chris Dixon, Dave McClure, Paul Graham, and Brad Feld will duke it out on a number of hot tech topics with Dick Costolo moderating.
Date: Wednesday May 19
Harj and I will be there too. Hope to see you!