Our YCombinator experience — Part 1. How to get to YC? (2024)

Y Combinator — the aspiration of many fledgling startups. But the process of landing a spot at this prestigious Bay Area seed accelerator is no cakewalk.

You have to have a solid idea, a scalable business plan, and the stamina to withstand rapid-fire interview sessions where you’ll have just 10 minutes to answer nuanced questions about your company’s goals and strategy.

So what can you do to get in? There isn’t any magic formula. Dedication, hard work, an excellent team, and a scalable idea though — that will get you close.

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Applying to YC is really straightforward. Go to their website, set HN account, and fill in the questionnaire about your startup and the founders. Be as precise as possible and never lie. After you've done all of that, run it through your friends, and make sure they understand all the questions. It is important so people that never seen your idea know immediately what it is about.

After you've sent the application, you wait! In fact, you wait for almost a month, so use that time to build as much as possible. If you get invited to interview, you'll be asked for progress — and a month is a ton of time to build something new.

The experience can be nerve-wracking. We should know. We’ve been through it — twice — and wanted to take this opportunity to share some insider tips on how to become a YC success story.

We were first invited to interview at YC in 2016. Our small team had been working on Supernova for just about a year. We had an algorithm that would power Supernova for years to come, but our business model was almost non-existent and we didn't really know where to take it.

We created a demo of our technology, which was in itself quite an achievement, but we knew we were nowhere close to being production-ready. Still, we decided to apply to YC and much to our surprise were asked to fly out to California to answer some more in-depth questions about Supernova by a panel of tech experts.

Unfortunately, as with every first time, you really don't know what to expect — and so while we read everything we could find on the internet, the personal experience was vastly different. We've gone through 2 interviews in one day, something which is quite rare, so there was definitely hope, but we knew our answers were pretty weak and we had to be really “creative” for most of them (read: we had no idea what to answer).

In the end, we failed to convince them we had a scalable startup on our hands. It was also clear that our technology needed way more work if it was going to revolutionize software programming.

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For some startups, applying with just an idea is enough, especially if the founding team is super strong — some companies CAN ship in 12 weeks and if you are one of them, apply right now!

But getting Supernova to work took 4 years and more than 1 million lines of code — so make sure you know the challenge before you apply.

Fast-forward to 2018. We had just launched Supernova and landed some paying customers, providing much-needed validation that our product can succeed. More importantly, we also had a working business model that we iterated on heavily.

The timing seemed right to try our luck again at YC. This time, we included an extra oomph to our submission: In addition to a one-minute Founders video, explaining what Supernova does, we put together a two-minute video of SN creating a mobile app for YC-related news. We even came up with the design for it. (In retrospect, our 2016 demo video seemed more generic, simply showing the conversion of design to code.)

Lesson? Find a way to stand out. It doesn’t matter how big or small the gesture is; your efforts will go a long way with the judges.

We were one of more than 200 startups accepted to YC’s 2019 Winter Batch— and the first ever purely Czech startup to get in! Surprisingly, this was also the most difficult batch ever to get to because more than 12000 startups applied, an increase of 30% from the last batch.

What was different the second time around? For one, as mentioned earlier, we had a scalable business plan and a vision for the future. We cannot stress the importance of this enough. Make them believe you'll be the next unicorn. Works on everyone — even your future investors.

Speaking of the interviews, we upped our game there, too. We learned a lot over the last two years and were able to give more insightful answers. We presented the YC mobile app and walked the judges through the demo on how to turn design to code. They were impressed with our technology as well as our dedication to the product.

The tech questions were then followed by a volley of inquiries about business strategy, our customers and our vision for where to take it next.

The fact that we already had a number of paying customers was a powerful testament to Supernova’s lasting potential, a point that no doubt gave us a leg up going into the second interview round, and something to keep in mind as you prepare your startup for a future YC bid.

Our other secret weapon? We prepared. Incessantly. We had developed a mobile app which randomized a pool of 90 questions we could potentially be asked and drilled ourselves during late-night practice sessions after putting in a full day of coding #startup #life #is #not #easy.

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The strategy worked. Many of the questions we had anticipated were asked, which allowed us to answer with ease and confidence that our team had been definitely lacking in 2016. Still, there were some that really surprised us.

For example, the question: “How do you take your linear growth and make it exponential?” is really, really hard to answer in 10 seconds. We had some ideas, but they mostly rejected them. Needless to say, we figured out the answer eventually, but that was 6–8 weeks into YC so you don't really need to have everything right at the interview, just convince them you can think of problems deeply :)

As a personal note, what really worked for me is to write down the answers to all the questions first. Then try to explain them again, but with less than half of the words. It is a great mental challenge and will help a ton to align your ideas and give them easily explainable form.

And to make it easier for you, we've published all of them — use them freely!

The call came in around 9 pm. Well, actually, we received two calls that night from YC headquarters. When we picked up the first time, the caller apologized, telling us she’d misdialed, before hanging up.

We all had a collective heart attack. No joke.

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Five minutes later, our phone rang again. Same number. We picked up, hopeful, but guarded. This time it wasn't a mistake. We’d made it! Supernova was officially invited to join Winter Batch 2019.

Our gang of four — Jiri Trecak, Oskar Koristka, Ydus Lustek and Artem Ufimtcev —the core founding team of Supernova and people who do it all from the beginning — flew to San Francisco in mid-December to set up our own personal coding villa in Silicon Valley in order to hit the ground running when YC’s winter session kicked off at the start of January.

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We had a lot of ground to cover before Demo Day 2019. When we weren’t networking with top VC firms, we were preparing to launch Version 6 of Supernova Studio. Needless to say, we’ve hardly slept in the last four months, but we are sure of one thing: Our efforts have certainly paid off.

Did you enjoy reading about it? This is just the beginning! Over the next few weeks, we'll cover everything about going through YC, what to focus on and how to work your work up to Demo Day — an event that you'll remember forever.

Stayed tuned and let us know in the comments what you'd like to hear!

Jiri
CEO, Supernova

PS: If you need help with your future application, ping me at jiri@supernova.io and I can give you a hand :)

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  • Don’t forget to follow us on Medium so you know about the next part!
  • Get a copy of Supernova Studio now at https://supernova.io/download
  • Join our community Slack to discuss all you wish to know about Supernova! Our community is what we are the proudest of. It is lively and everyone there is amazing. Come join us.
  • Follow us on Twitter and Facebook and Instagram to be the first to know all the news about what is happening with Supernova!
Our YCombinator experience — Part 1. How to get to YC? (2024)

FAQs

How easy is it to get into the Y Combinator? ›

It's one of the most sought-after Silicon Valley accelerators that's harder to get into than Harvard and a complete game-changer for startups. Depending on your source, the Y Combinator acceptance rate is between 1.5% to 3%.

What percent of YC applicants get interviews? ›

Back in 2011, Paul also said that the acceptance rate to Y Combinator is around 3%. The percentage of applicants who get interviews is around 7%, according to YC partner, Kathrina Manalac. This means that 3 out of 7 (42%) of the groups that passed the application stage will pass their interviews!

What percentage of YC companies fail? ›

Roughly 90 percent of startups end in failure. (YC is an exception; over 50 percent of YC companies that are over five years old are still alive).

What is the success rate of Y Combinator application? ›

Since 2005, Y Combinator has funded over 3,000 companies and worked with over 6,000 founders. Every 6 months over 10,000 companies apply to participate in our accelerator and we typically have a 1.5% - 2% acceptance rate.

Is the Y Combinator a waste of time? ›

I do agree that Y Combinator is waste of time for most start-up founders. Instead of begging for money from old start-up lottery winners, focus on sales and own your company completely. Y combinator and other VCs should be your last option, not your first.

What is the average age of YC? ›

Basically, the age distribution of YC companies is pretty close to the age distribution of applicants. More YC founders are 25 than 35, but more 25-year-olds apply than 35-year-olds. (Paul has an essay where he says the ideal range to start a startup is 22-38. As far as I know, that isn't a rule, just a suggestion.

How to ace the YC interview? ›

How to Prepare for Your YC Interview
  1. Don't rehearse. ...
  2. Instead of rehearsing, make progress. ...
  3. Be ready to describe what your company does. ...
  4. Understand your users and metrics. ...
  5. Don't be afraid to be honest about challenges. ...
  6. Have a demo ready. ...
  7. Make sure all founders are ready to participate. ...
  8. Be earnest.

Is getting into YC a big deal? ›

Getting into Y Combinator is a huge deal. As the startup accelerator responsible for launching companies like Airbnb, DoorDash, Dropbox, Instacart, and many others, Y Combinator (YC) is widely respected by the top tech investors.

Does YC accept solo founders? ›

Can a single person apply for funding? Yes. We regularly accept solo founders. That said, our advice remains that one-person startups are tough and you're more likely to succeed with a co-founder.

What is the survival rate of Y Combinator? ›

Roughly 90% of startups end in failure. (YC is an exception; more than 50% of YC companies are still alive 5 years later.)

How quickly does YC get back to you? ›

Most interviews will be held by video conference from April to early June. We typically make decisions the same day as your interview, and we give everyone who interviews detailed feedback on our decision. We invest in companies as soon as they are accepted; we do not wait for the batch to start.

Do YC recommendations help? ›

Getting a recommendation from someone in the YC community can go a long way when applying for a batch slot. Although a recommendation isn't required or necessary to apply to YC, having one on your application is always a good idea. The caveat is that you should know someone well before asking them for a recommendation.

What is the Y Combinator 500K deal? ›

Details of the investment

Our $500K investment is made on 2 separate safes at the same time, with an accompanying YC Agreement: We invest $125,000 on a post-money safe in return for 7% of your company (the “$125k safe”) We invest $375,000 on an uncapped safe with a Most Favored Nation (“MFN”) provision (the “MFN safe”)

How big is the Y Combinator batch? ›

AI is a catalyst unlike anything we've seen in a long, long time; what the Internet did for startups in the 90s, and smartphones did in the 2000s, AI is doing once again. With this batch, the YC community is now made up of more than 4,500 startups and 11,000 founders.

Is Techstars better than YC? ›

YC companies raise a median of $3.5 million at a $22 million post-money valuation after Demo Day. For Techstars, the average raise is $2 million at a $8 million valuation. So in both cases, the 6-7% dilution is well worth it for the 2-3X higher valuation you'll command compared to raising on your own.

Is getting into the Y Combinator a big deal? ›

Entry to Y Combinator is highly sought after, with startups around the world looking not just for the $500,000 investment but also one of the most prestigious networks in tech. Other companies seeded by Y Combinator include Airbnb, Coinbase, Dropbox, Instacart and Reddit.

Is the Y Combinator worth it? ›

If you think the benefits are likely to increase your company's success by anything more than 7.5%, then it's a no brainer. YC is worth it.

What percentage does Y Combinator take? ›

YC's Standard Deal

We have a standard deal for every company that is accepted to Y Combinator. We invest $500,000, and our investment gives YC 7% of your company plus an incremental equity amount that will be fixed when you raise money from other investors.

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