Review on Y Combinator by Douglas Cachazo
Y Combinator: Accelerator incubator that invests its own capital in early stage.
Another successful company from the United States of the so-called Accelerator Incubator genre, all these companies that have emerged over time because of the importance they have, share a common goal, to support entrepreneurs to start up their ventures as successfully as possible, in my opinion, apart from pursuing the same objectives, what differentiates them is the dynamics with which they operate and how the relationship between company and entrepreneur remains after the start-up is completed.
Just as I make the previous remark, Y Combinator has its own dynamics, has supported ventures for more than 16 years, what impressed me most are the names that appear in its portfolio of supported companies, in that sense I can give names like: Coinbase, Stripe, Reddit, Airbnb and Dropbox and many more.
To request their assistance to your entrepreneurial project, you must make an application that may culminate with a formal presentation of your project, the acceptance rate is less than 2%, they only open applications twice a year, once accepted you are assigned an initial funding for expenses, This funding may be sufficient but if not, you will pass to the stage of being assigned financiers with whom you will have to negotiate the return of what they invest, investors even show them as potential partners or buyers of the entire project, in the case of the capital provided by Y Combinator the company does not charge the amount financed at the beginning, only negotiates a percentage of the project that can be between 5 and 7 percent.
As to whether or not I recommend this accelerator, I could say that taking into account the low acceptance rate and that personal presentation of the project is required, I think it would be more recommendable for residents of the United States. I think there are other more fictitious doors that can be knocked on.
Pros
- Experienced company in the field Incubation acceleration
- Highly successful companies are listed in their portfolio
- They do seed funding and get subsequent funders later if needed.
- They help project your brand or services through events they hold.
Cons
- Requires in person presence
- Very low acceptance rate
