The application deadline for the winter 2010 cycle is tomorrow. Don't worry if you decide to apply at the last moment. Some of the best startups we've funded only decided to apply a few hours before the deadline. (In fact, way more YC-funded startups applied at the last minute than I realized, judging from this thread on Hacker News.)Now that it's possible to submit a late application to YC, someone who decides to apply at the last minute has a choice of submitting an application by the deadine that may not be very complete, or submitting a late application and taking more time to work on it. I strongly advise taking the former route and submitting an application by the deadline, even if it's not as polished as you could make it if you had more time. The odds of a late application being accepted are much lower—around 3x lower. Our whole approach to late applications is different. We feel obliged to read all the regular applications at least moderately thoroughly. But the late applications we just have one person skim, in case any stand out as exceptional. It is much harder for a late application to get noticed. Many of the questions on the application that we care most about don't take much time anyway. Probably the most important questions are about what the founders have achieved before, and what insights you have about your idea that no one else seems to have. Those matter more than a polished demo, probably, and they shouldn't take more than an hour or two to answer.
The daily deal model has become a popular way to save a buck on local merchant services. But what about deals on mobile apps? TapZilla, a Y Combinator-backed company that launches to the public today, is taking the daily deal model and applying it to discounts on paid mobile apps.
Here’s how it works. Each day, TapZilla features a paid iOS app. For example, today’s app is Tehra Dark Warrior, which costs $0.99 in the App Store. To get the deal, you click on the “get App Now” button, which will then prompt TapZilla to ask for your email. The startup will send you an email with a link to the app in the App Store where you can purchase the app and a coupon code.
CarWoo Promises Car Buyers Hassle-Free Quotes Online, Raises $4.2 Million
The Internet was supposed to make car shopping easier, Tommy McClung is explaining. Back in the 1990s, sites like Vehix.com, Cars.com, and Autotrader.com promised a future where you wouldn’t have to haggle with a salesman, and where you didn’t have to drive from dealer to dealer just to see who could offer the best price or who had the model and color you wanted in stock.
Well, it didn’t quite work out that way. The major car shopping sites, McClung argued to me yesterday, have turned into little more than lead-generation engines for car dealers, where shoppers are enticed into handing over their personal information and are promptly buried in spam and phone calls from pushy salespeople. “The industry has started to realize that they have created a disservice to customers,” McClung says. And it’s not like dealers are profiting either: McClung says they’re lucky if five out of 100 leads results in sale. At $20 to $40 per lead, that’s an expensive form of marketing.
I'm really enjoying my role as Y Combinator's Ambassador to the East (taking it so seriously, I'm in Laos right now!).
Most importantly, this entails engaging the startup community here on the east side of the U.S. As it turns out, lots of folks still have questions about what happens at Y Combinator.
Well, Harj (who started this founder-turned-YCer trend) and I will be visiting Boston & New York next week to host an open Q&A meetup for any and all startup founders interested in Y Combinator.