There are other names you might recognize: Substack, Instacart, Scribd, OpenSea. But inclusion in the Y Combinator program is definitely a thing YC has launched companies whose total valuation tops $400 billion its alumni include such luminaries as Dropbox, Airbnb, Stripe, CoinBase, and DoorDash. There is no sure thing when it comes to starting a business, and indeed most fail. Each company’s founders had one minute to explain themselves: just enough time to plant a seed in a potential funder’s mind. On August 31 and September 1, 377 of them pitched their companies- remotely, of course-to the investment community in the semiannual ritual called Demo Day. In its most recent batch, YC selected 401 companies out of a pool of more than 16,000 applicants to receive its imprimatur along with coaching from veteran founders on building products, formulating business plans, and raising funds. Why would a magazine diva join a horde of hoodied nerds, giving up 7 percent of her company for the $125,000 stake that YC offers its startups? But after almost 17 years and 3,200 companies, Y Combinator has evolved into something far beyond a boot camp for tech bros. If you haven’t been paying attention, this news might have startled you. Buried in the story was a fascinating detail: The cofounders had signed up to go through the three-month Y Combinator accelerator program. This month a successful entertainment-business newsletter written by an influential reporter joined forces with publishing legend Janice Min to form a news startup.
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