What is Y Combinator? Y Combinator Review, Features

Y Combinator was founded in 2005 and is a well-known American startup incubator that supports startups and provides them with entrepreneurial guidance.

About Y Combinator

Y Combinator only focuses on the earliest startup teams, intervening and providing corresponding assistance in the startup stage. Y Combinator regularly holds Funding Application activities and accepts project materials submitted by startup teams.

If the project passes the review, Y Combinator will provide an investment model of "$5000 + $5000n", where n refers to the number of Y Combinator partners willing to invest in this project. For example, if there are 2 partners willing to invest, the final investment amount is $15,000; if there are 3, it is $20,000. In return, Y Combinator will take 2% to 10% of the shares of the entrepreneurial team, usually 6%. Although the money is not much, in today's startups, with a large number of open source, AWS or GAE, this money is indeed enough to start work.

Development History

• Y Combinator was founded in 2005.
• In 2012, Forbes named YC the most valuable incubator.
• As of July 2012, a total of 380 startups have been incubated, with cumulative investments exceeding $1 billion and a valuation of $10 billion. Cloud storage service provider Dropbox raised $257 million, and short-term rental site Airbnb raised $120 million.
• On August 15, 2018, Y Combinator announced its official entry into China. Lu Qi will serve as the founder and CEO of Y Combinator China, and the dean of Y Combinator Global Research Institute.
• On November 21, 2019, Y Combinator announced that it would withdraw from China and support startups from its Silicon Valley headquarters.