Applications are now open for Y Combinator's summer 2010 cycle. Summer 2010 will be our 5th anniversary, and since we fund startups twice a year it will be the 11th group of startups we've funded. We've funded 171 companies so far, so there's a chance we'll hit 200 this summer. At 2.5 founders per startup, the YC alumni network is starting to be big enough to fill a decent sized auditorium. (Despite its size it is still remarkably cohesive, probably because everyone has been through similar experiences.)For summer 2010 we're making a big change: we moved the deadline almost a month earlier, to take some of the heat off applicants who get offers from the increasing number of YC-like organizations that have appeared over the last couple years. In the past, many of them have tried to pressure startups into accepting offers before they had a chance to interview with Y Combinator. That caused a lot of stress for applicants, and the problem was only going to get worse as the number of YC-like organizations increased. We hope that now that we're all deciding at about the same time, no one will have to take an offer that's not their first choice.(Now it's us who are going to be stressed out, because the only place to fit interviews was immediately after the winter cycle's Demo Day.)Another thing we're changing for summer 2010 is that we're going to try to engage more with people during the application process. So this time groups that apply early will have a significant advantage. Usually half the applications are submitted in the last two days. We strongly advise applicants not to do that this time. The reason a lot of people wait till the last minute to apply is that they want their application to be perfect before we see it. That was probably a mistake before, and it definitely will be now: now it's a better strategy to submit successive drafts of your application as you modify it.
Aw...I love this story. Seems like only yesterday, Alexis!
Congrats on the amazing growth guys!
Congrats Shawn and Reman!
One of Posterous’ first “clients” is Coca-Cola, which is definitely a good first start. Coca-Cola is using Posterous for its NCAA “Dept of Fannovation” where people can come up with ideas to improve the experience of being a fan, and a chance to win $10,000.
Coca-Cola’s use of Posterous revolves around the “post moderation” feature. Any Posterous site can be enabled so that anyone can email email@example.com. The site owner can then moderate those posts, and publish them with a single click. This feature can be used to crowdsource images, video, and text from users.
You can measure the success of a start-up in square footage.
Just ask Xobni.
A few weeks ago, Xobni moved into Twitter’s old offices in the South of Market area of San Francisco. With 30 employees, it could no longer squeeze into the offices that it first occupied with four people in 2007.
There are still some stray birds painted on the walls, but the expansive views and wide-open spaces now belong to Xobni.
It seems like only yesterday that Adam & Matt were working out of a dorm at MIT!
Dave Lieb comes on at the 2:33 mark.
This year’s third annual Crunchies Awards
have just concluded, and we’re happy to say that it was an overwhelming success. For those that weren’t watching, we’ve included the list of nominees and winners below. Our most sincere congratulations to the winners and to all of the nominees as well. It was an incredibly tight race for many of the categories, and it’s safe to say that everyone on this list is at the top of their field.
We’d like to take a moment to point out Facebook’s win for “Best Overall Startup Or Product”, which marks the third year in a row that the company has taken home the top prize. Facebook continues to innovate and deploy features at an impressive rate while still showing incredible growth. Ours hats go off to you.
If you’d like to watch the event for yourself, you can watch an archived version of the live stream here
Best Technology Achievement:
Best Internet Application:
Best Social App:
Best Bootstrapped StartUp:
Best Mobile Application:
Best Time Sink Application:
I Am T-Pain
Amazon Web Services
Best New Gadget:
Apple Magic Mouse
Best Tech PR:
Brew Media Relations
Best VC Firm:
Charles River Ventures
Founder Of The Year:
Aaron Patzer (Mint)
Elon Musk (Tesla)
CEO Of The Year:
Josh Silverman (Skype)
Neil Young (ngmoco)
Best New Startup Or Product Of 2009:
Best Overall Startup Or Product Of 2009:
Congratulations to Dropbox (S07) and DailyBooth (S09) who won Crunchie awards last night for Best Internet Application and Best Time Sink Application respectively. (Also DailyBooth was the runner up for Best Social App.)
Also congrats to Posterous (S08) and Wufoo (W06) who were both nominated for awards.
Finally, congrats to Ron Conway for winning Best Angel. We were honored to be the runner up in that category!