In 2005, Y Combinator developed a new model of startup funding. Twice a year we invest a small amount of money ($14-20k + an $80k note) in a large number of startups (most recently 68). The startups move to Silicon Valley for 3 months, during which we work intensively with them to get the company into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day, when the startups present their business plans to a carefully selected, invite-only audience. But YC doesn't end on Demo Day. We and the YC alumni network continue to help founders for the life of their company, and beyond.
The Thiel Foundation
Funding and Mentorship from the #1 Startup Accelerator in the World
Today, Scott Gerber is a serial entrepreneur, internationally syndicated business columnist, author (Never Get a “Real” Job) and TV commentator. But early in his entrepreneurial career, as a college student, he found himself making “every possible mistake one could make as a rookie entrepreneur” – which led to the failure of his first business. At that moment, he made a promise to himself: if he ever succeeded in the future, he would work to ensure that no young entrepreneur ever felt alone or struggled without the proper resources again. The Young Entrepreneur Council (Y.E.C.) | The World's First Helpdesk For Young Entrepreneurs