Fund: Y Combinator
Posted by Anonymous on 2015-06-29
They have now become a fully fledged Seed Fund - they only do deals where the company and team have traction, and probably even a little funding.
Good for them if they get to choose, why not take the de-risked ones?
But don't trick yourself into believing this is the YC of 5 years ago. An idea and a smart team will no longer do - go get some traction, and even better a little outside funding.
A team that just entered the most recent batch was rejected first time round. They subsequently raised a significant seed, did a spectacular launch, and have now been accepted... Read what you like into that.PRIVATE: Members Only (48 Characters)