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    What is Y Combinator?

    Y Combinator (YC) is the world's best-known startup accelerator, founded in 2005 by Paul Graham, Jessica Livingston, Trevor Blackwell, and Robert Morris. It invests a standard deal — $500,000 on fixed terms — into batches of early startups, runs them through an intensive program, and debuts them to investors at Demo Day.

    Founded 2005HQ: San Francisco, CaliforniaStartup accelerator$500K standard deal; 5,000+ companies funded
    @ycombinatorLinkedInycombinator.com
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    Updated August 2026 · Evergreen page, refreshed in place as facts change

    Logo and photos load from Y Combinator's public web and X profiles (via unavatar.io) and remain the property of their owners — shown for identification only.

    Airbnb, Stripe, Dropbox, Coinbase, DoorDash, Reddit, Instacart — the YC alumni list reads like an index of the modern internet economy. Here's how the machine works and what it actually buys a founder.

    On this page

    • The batch model
    • The standard deal
    • What YC actually does for a company
    • Is it worth 7%?
    Y Combinator (YC)

    At a glance

    Y Combinator (YC)

    Founded
    2005
    Headquarters
    San Francisco, California
    Type
    Startup accelerator
    Scale
    $500K standard deal; 5,000+ companies funded
    ycombinator.com@ycombinator on XLinkedInHacker NewsYC Startup LibraryYouTube

    Companies Y Combinator backed

    A selection of the firm's best-known investments. Logos identify the companies named; they do not imply any relationship with Anytime Capital.

    • AirbnbAirbnbW08 batch · IPO 2020
    • StripeStripeS09 batch
    • CoinbaseCoinbaseS12 batch · IPO 2021
    • DoorDashDoorDashS13 batch · IPO 2020
    • DropboxDropboxS07 batch · IPO 2018
    • RedditRedditS05 batch · IPO 2024
    • InstacartInstacartS12 batch · IPO 2023
    • TwitchTwitchAcquired by Amazon, 2014

    Anytime Capital is not affiliated with, sponsored by, or endorsed by Y Combinator or the companies listed above. Details are drawn from public sources and may have changed — tell us if something here is out of date.

    The batch model

    YC funds startups in cohorts — historically two batches a year, expanded to four (winter, spring, summer, fall) as of 2025. Each batch compresses company-building into roughly three months: weekly group sessions, office hours with partners, relentless focus on talking to users and growing, and a culminating Demo Day where the batch pitches a room (and livestream) of the world's most active early-stage investors.

    Acceptance is famously competitive — low single-digit percentages of applicants — which is precisely what makes the signal valuable.

    The standard deal

    YC's terms are public and identical for everyone: $500,000 total, structured as $125,000 for 7% of the company plus $375,000 on an uncapped SAFE with most-favored-nation terms (it converts at your next round's price). The deal has evolved over the years — the $500K structure dates from 2022 — but its defining feature is standardization: no negotiation, no term games.

    That standardization is deliberate pedagogy. YC's founding insight was that early-stage investing could run like an assembly line for company formation, with uniform terms removing an entire category of founder mistakes.

    What YC actually does for a company

    Three durable things. The network: thousands of alumni founders who answer each other's messages, plus the internal Bookface forum and a deals directory of discounts. The methodology: 'make something people want,' launch fast, talk to users, measure one growth metric — YC's essays and advice became the industry's default operating manual. The fundraising leverage: Demo Day concentrates investor attention in a way a cold-emailing founder can't reproduce.

    Is it worth 7%?

    For very early companies, the math usually favors yes: the acceptance signal alone moves valuation and investor access enough to offset dilution, and the alumni network compounds for decades. Later-stage or heavily-validated companies weigh it differently. The honest frame: YC is an exceptional deal for what it was designed for — the earliest, most formless stage — and merely a fine one past it.

    Frequently Asked Questions

    How much does YC invest and at what terms?

    $500,000 per company: $125K for 7% equity, plus $375K on an uncapped most-favored-nation SAFE that converts at your next round's terms.

    Who founded YC and when?

    Paul Graham, Jessica Livingston, Trevor Blackwell, and Robert Morris in 2005, initially in Cambridge, Massachusetts, before moving operations to the Bay Area. Sam Altman later ran it (2014–2019); Garry Tan is the current president, since 2023.

    What are YC's most famous companies?

    Airbnb, Stripe, Dropbox, Coinbase, DoorDash, Instacart, Reddit, Twitch, and Zapier are among the best known of its thousands of funded startups.

    Does YC fund crypto and AI startups?

    Yes — Coinbase (batch of 2012) remains a flagship crypto outcome, and recent batches have skewed heavily toward AI companies, reflecting where application volume went.

    Key people

    Paul Graham — photo from their public X profile

    Paul Graham

    Co-founder; essayist and former president

    @paulg
    Jessica Livingston — photo from their public X profile

    Jessica Livingston

    Co-founder; author of Founders at Work

    @jesslivingston
    Garry Tan — photo from their public X profile

    Garry Tan

    President & CEO since 2023; YC alum and former partner

    @garrytan
    Sam Altman — photo from their public X profile

    Sam Altman

    President 2014–2019; now CEO of OpenAI

    @sama

    Photos: each person's public X profile, via unavatar.io.

    Post-batch money ops, handled

    YC-style startups run global teams from day one. Anytime Capital covers the crypto and payout side — entity accounts, stablecoin payroll rails, same-day onboarding.

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    Keep reading

    • What is venture capital? →
    • Seed vs Series A →
    • What is a SAFE note? →
    • What is a16z? →
    • All Startup finance & VC questions →

    Post-batch money ops, handled

    YC-style startups run global teams from day one. Anytime Capital covers the crypto and payout side — entity accounts, stablecoin payroll rails, same-day onboarding.

    Open a business account

    Important Disclosures

    • Company, fund, and accelerator names are referenced for identification and education only; no affiliation, sponsorship, or endorsement is implied. All trademarks belong to their owners.
    • Logos and photographs are loaded from each firm's and person's public web and X (Twitter) profiles via unavatar.io, are used for identification only, and remain the property of their owners.
    • Figures describing third-party firms and market norms are widely reported values as of the years cited and may have changed. Verify current details with primary sources.
    • Information on this page is general and educational — it is not investment, legal, or tax advice, and it is not an offer of securities.
    • Anytime Capital is a licensed money services business.
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