Connect with us

Venture Capital

Y Combinator CEO Faces the Crisis and His Critics

Avatar

Published

on

Y Combinator has won acclaim for a twice-yearly training program that produced Silicon Valley crown jewels such as Stripe and Airbnb. But for the first time since the startup accelerator’s inception in 2005, all 220 participants had to dial in remotely, threatening a valuable component of YC—its ability to help founders forge connections. 

For Michael Seibel, the YC partner who became CEO in 2016, restrictions on in-person meetings added to the challenge of running the accelerator. Heading into this year, it had already faced criticism for increasing the number of companies in its batches and for stoking a Silicon Valley hype cycle through its demo day, when venture capitalists compete to invest in untested young startups.

Seibel, in an interview with The Information Monday, deflected those complaints, suggesting some came from people who prefer “superelite groups.” He shed light on how the accelerator adjusted to the year’s upheaval, including encouraging founders to focus on breaking even rather than growth at all costs, and showed how the recent graduates resembled earlier founders who had set up companies in a crisis. 

Source: https://www.theinformation.com/articles/y-combinator-ceo-faces-the-crisis-and-his-critics

Continue Reading

Venture Capital

Avatar

Published

on

Source:

Continue Reading

Venture Capital

Avatar

Published

on

Source:

Continue Reading

Venture Capital

Avatar

Published

on

Source:

Continue Reading
Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Venture Capital3 hours ago

Venture Capital3 hours ago

Venture Capital3 hours ago

Venture Capital3 hours ago

Venture Capital3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Startup3 hours ago

President Trump’s campaign website hacked by cryptocurrency scammers

Press Releases3 hours ago

Mirati Therapeutics Announces Pricing Of Public Offering Of Common Stock

Press Releases3 hours ago

3Q20 Results: Telefônica Brasil S.A.

Press Releases3 hours ago

Historical Barriers And Structural Inequalities Still Account For Black-White Homeownership Gap

Press Releases3 hours ago

The MICHELIN Guide Highlights Sustainable Gastronomy and Inspector Discoveries During Virtual Family Meal Event in California

Press Releases3 hours ago

Clements Worldwide reçoit la distinction Best Practices Agency de l’IIABA pour la 14e année de suite

Press Releases3 hours ago

Oral Rinse COVID PCR Test Immediately Available in Nevada for Individuals, Businesses and Medical Personnel

Blockchain4 hours ago

Investors, Customers Reward MicroStrategy for Using Bitcoin as Treasury Reserve Asset

Press Releases4 hours ago

Bogino Properties offering an effective three-step process for selling houses in Atlanta for homeowners dealing with stressful situations.

Press Releases4 hours ago

D&D Movers offering affordable options along with an experienced team to help families and businesses make moves stress-free.

Venture Capital4 hours ago

Accelerating digital transformation strategy to support SMEs customers to thrive

Press Releases4 hours ago

Renowned Age Management Pioneer Dr. Gaines in Boca Raton is Helping Alzheimer’s Patients With Plasma Treatments

Startup4 hours ago

New CDC data shows that hospitals counted heart attacks as COVID-19 deaths; CDC counts over 51,0000 patients actually died from heart attacks instead of COVID-19

Press Releases4 hours ago

One Artist is Getting Creative During the COVID-19 Quarantine

Venture Capital5 hours ago

Australian fintechs proving resilient

Venture Capital5 hours ago

Illion Open Data and Credit Simple become CDR recipients

Venture Capital5 hours ago

Uno pilots new broker referral model

Saas5 hours ago

How do you decide between hiring a VP or Director/Manager of Product?

Press Releases5 hours ago

Workers’ Compensation Insurance MGU Method Adds Falls Lake as New Carrier

Press Releases6 hours ago

Neo7Logix COVID-19 Treatment Reduces Viral Infection by More Than 99% in Preclinical Study

Trending