Y Combinator Accepts Record 60+ New Startups For Summer 2011
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.