We are making two changes to our standard deal in conjunction with a recent fundraise. Starting with the Winter 2021 batch, our deal will be $125,000 for 7% equity on a post-money safe, and we will reduce the amount of our pro rata right to 4% of subsequent rounds. In the coming years, this will enable us to fund as many as 3000 more companies.Jun 26, 2020
Geoff Ralston is the President of Y Combinator and has been with YC since 2011. Prior to YC, he built one of the first web mail services, RocketMail which became Yahoo Mail in 1997. While at Yahoo, Geoff worked in engineering and ran a business unit before becoming Chief Product Officer. After Yahoo, he was CEO of Lala, which was acquired in 2009 by Apple. In 2011, he cofounded Imagine K12, the first Ed Tech accelerator, which funded companies like ClassDojo and Remind, and merged with YC in 2016. He has an AB in Computer Science from Dartmouth, an MS in Computer Science from Stanford, and an MBA from INSEAD.
Recently we made an announcement of a significant change in how we finance companies and, indeed, how we recommend that any startup raise seed financing. We released a new kind of safe, or simple agreement for future equity – a type of convertible security – called a post-money safe.Oct 22, 2018
We messed up and sent acceptance emails to many Startup School applicants who we didn’t previously have a place for. We’ve decided to use this error as an opportunity to try something new: we’re going to let in every company that applied to Startup School.Aug 20, 2018
Two weeks ago we announced Startup School 2018. Our free, online course will kick off in just three weeks, on August 28th. We also let founders know that 100 of the companies that complete the course will receive $10,000 in equity-free funding from YC.
This year’s course will feature revamped software and all new material which will be added to the extraordinary library of startup content YC has collected over the past two years of Startup School and the many years of working with and writing about startups. This work is being collected at startupschool.org/library.
We’re hosting Startup School again this year. Startup School is a free, 10-week, online course. It’s designed for any startup founder who would like to get help through the earliest, most difficult challenges of starting a company. The course will begin on August 27, 2018 and applications are now open at StartupSchool.org.Jul 18, 2018
Last year, for the first time, we taught a MOOC (massively open online course) for startup founders called Startup School. This year, we’re adding a new course called Startup Investor School which will teach the basics of seed (early) stage startup investing to anyone interested. Applications are open starting today.Feb 1, 2018
- Pinduoduo and The Rise of Social E-Commerce posted on May 6, 2020 | under China, Essay
- The YC Seed Deck Template posted on March 12, 2018 | under Advice
- A Guide to Seed Fundraising posted on January 7, 2016 | under Advice, Essay
- How to Split Equity Among Co-Founders posted on December 2, 2015 | under Advice, Essay, Startup School
- Startup School Relaunching as Continuous Program posted on June 17, 2020 | under Startup School, YC News
- YC’s Essential Startup Advice posted on September 25, 2017 | under Advice
- YC Winter 2020 Batch Stats posted on March 16, 2020 | under Batch Stats, YC News
- A Standard and Clean Series A Term Sheet posted on January 28, 2019 | under Series A
- How to Design a Better Pitch Deck posted on November 15, 2015 | under Advice, Startups
- On Growing: 7 Lessons from the Story of WeChat posted on April 12, 2017 | under China, Essay, YC Continuity