Y Combinator
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
in 2005. Why Combinator was a startup company. Today, they're considered the launching pad for superstar startups two times a year. Why Combinator selects a group of startups, each with four or fewer founders to spend three months of intensive mentoring, consulting and fundraising in Silicon Valley. Its three months of connecting, brainstorming, designing, creating, learning, networking, introducing fine tuning and promoting. In 2005 there were eight startups, one being read it, which sold for 12.8 million in 06 There were 16 startups in 2006 1 was Weebly, which is now worth 9.7 million. In 2007 there were 30 startups. One superstar was Dropbox, which now claims 25 million users. There were 45 startups in Oh, wait. One of them was Hiroko, which later sold for 212 million. Cloud Kick was one of the 37 startups in the 09 and they sold for 50 million. The following here in 2010 there were 57 startups, 94.4% of the summer startups raised additional funds or didn't need to because they were already so profitable. As of June 2011. Why Combinator has funded 316 startups. The average value of 210 of the start ups is almost $23 million. Each y Combinator is valuation of their startups is currently 4.7 billion, not including the 7.9% that have already exited via acquisition. Starting with the 2011 start ups, Silicon Valley investors Ron Conway and Yuri Milner will invest $150,000 in every y Combinator startup. This will allow the startups more time to focus on their product and in turn, allow why Combinator to continue being successful. The fall 2011 class will be the largest yet whether reported 60 startups chosen.