Decoder with Nilay Patel The next generation of startups is remote, with Y Combinator's Michael Siebel
14 snips
Jun 8, 2021 
Michael Seibel, managing director of Y Combinator and co-founder of Justin.tv (now Twitch), dives into the future of remote startups. He discusses the shift towards remote work and its implications for inclusivity in entrepreneurship. Seibel highlights the challenges faced by underrepresented founders and the evolving creator economy, particularly how it opens new avenues for small businesses. He also reflects on the importance of mission-driven startups and the role of platforms like Reddit in shaping economic opportunities.
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Demystifying YC Application
- Apply to YC online without warm introductions or a traditional pitch deck.
- YC offers standardized terms, visible on their website, eliminating negotiation.
YC's Continuing Disruption
- Although YC has influenced the startup landscape, many founders still face traditional funding challenges.
- YC's focus has expanded internationally to address these issues.
YC Selection Criteria
- YC evaluates startup founders on their ability to build, team dynamics, communication, and connection to the problem.
- They also assess how much founders have achieved relative to their work duration.