Review on Y Combinator by Naomi Ilani
After Going Through So Many Seed Funding Companies, I Decided To Check Y Combinator Out
TSeed funding got its popularity in me recently as the Revain team consistently made them the projects of the week. For the purpose of writing reviews on these companies and simultaneously getting to know more about them, I went into making research about them and got to discover many things about them. The fact that these companies have been in existence for years now still surprise me as I always thought everything that concerns the blockchain network started in the year 2009 with Satoshi Nakamoto. This my long held believe was proven wrong after I checked these type of companies out. As a matter of fact, the one I would be reviewing started in the year 2005 - Four years before Bitcoin came into existence. These companies have been involved in the business of supporting small companies, known as start-ups with financial aids (majorly, because they sometimes support them with business succeeding tips and strategies). This has helped these little companies start with the funds they get from these seed funding companies.
The company I would be reviewing on today is the Y Combinator company. A seed funding company that started fully in the year 2005, just as I mentioned earlier. They have been able to scale through all these years with great records of supporting hundreds of start-ups with even crypto related companies included, one of which is Coinbase. Coinbase is a company that is having its exchanges, crypto card and even wallet. They happen to be one of the most diverse companies on the blockchain with millions of crypto traders actively using their services. They have their headquarters located at San Francisco, in the United States of America and serves the global crypto traders at that same location of its headquarters. The company hosts its funding programmes twice in a year whereby they make a selection of the best start-ups. Some people do say that their selection process is very strict and one has a very thin probability of benefitting from their funding programme. As a means of clarifying this statement, I would be giving a possible reason for this. The Y Combinator company seems to be on the look out for only the best start-up companies. This is because the opportunity they offer these start-ups is a lifetime one and they expect to give this opportunity to only the best (that is, those that are worth the opportunity). The company is presently worth billions of dollars and has profits worth millions of dollars, this is due to the many successful companies they have been able to establish. Enrolling into their funding programme would involve one making an application either at the beginning or at the end of the year (because this is when they host their funding programmes). After this, they would have to go through their screening process (which some people find tough to pass), when they pass this screening process, they would then be sent to Silicon Valley, where they have their headquarters located. They would then be under serious training which lasts for a space of about 3 months and in the space of these months, they would be given audience with top Entrepreneurs and past company heads the Y Combinator has supported. This would serve as a guide in the form of personal experiences and strategies they used for succeeding in their field. This would serve as a path way to succeeding for these start-up companies. They have worked on this strategy and found out how much it worked for many other companies, I guess this was the reason they continued this way.he
Pros
- The company hosts its seed funding programmes twice in a year
- This programme lasts for 3 months and in the space of these months, they get in contact with great Entrepreneurs
- They have been able to support numerous companies with some of the being crypto related
- They have a good valuation in billions of dollars
Cons
- None for now
