Equity Y Combinator is still paranoid
19 snips
Sep 14, 2022 
In this insightful discussion, Michael Seibel, Head of Y Combinator's Accelerator and founder of Social Cam, shares his experiences and views on the evolving startup ecosystem. He highlights how YC has adapted to market changes by increasing funding deals from $125,000 to $500,000. Seibel emphasizes the importance of in-person interactions for deeper connections with founders post-pandemic. The conversation also dives into tackling diversity challenges in startups, promoting equitable access for underrepresented groups in the entrepreneurial landscape.
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Sharding YC
- YC partners work closely with a smaller group of companies.
- Michael Seibel explained this 'sharding' helps manage the growing number of YC founders.
YC Community Value
- The true value of YC isn't just mentorship, it's community.
- The access to a large alumni network and a group of driven peers provides ongoing support and motivation.
Demo Day's Purpose
- Early-stage companies prioritize fundraising, while later-stage companies have different challenges.
- YC's Demo Day addresses early fundraising needs, but later programs focus on other issues.