Y Combinator just gets bigger and bigger. They invest in batches, twice a year. The last batch had 44 startups, an all time high. But that record is about to be shattered – they’ve accepted 60+ startups for the Summer 2011 batch.
Since 2005 Y Combinator has invested in 313 startups, including this most recent batch. They have six partners to manage all of these investments, with three of those partners focused on giving product guidance.
The Summer 2010 batch was “just” 36 companies, although that felt like a lot at the time. But with the continued success of a lot of these startups, more applications come in (Y Combinator hightlights Loopt, Reddit, Clustrix, Wufoo, Scribd, Xobni, Weebly, Songkick, Disqus, Dropbox, ZumoDrive, Justin.tv, Heroku, Posterous, Airbnb, Heyzap, Cloudkick, DailyBooth, WePay, and Bump on their home page). And the $150,000 convertible debt offerings to every Y Combinator startup from Start Fund in the last class don’t hurt, either. None of Y Combinators competitors have anything like that to offer new entrepreneurs.
Y Combinator is a venture fund which focuses on seed investments to startup companies. It offers financing as well as business consulting along with other opportunities to 2-4 person companies looking to take an idea to a product. Y Combinator looks for companies with “good” ideas over companies with experience and a business model. The company made its first investments in Summer 2005. Y Combinator selects companies to finance and consult with twice a year. They are located in...