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> Misconception: I need to raise a seed round before I apply to YC. > S16: False. 14.2% of accepted companies weren’t even incorporated when they applied. Thi
by w1ntermute 10y ago
> Misconception: I need to raise a seed round before I apply to YC.
> S16: False. 14.2% of accepted companies weren’t even incorporated when they applied.
This didn't actually address the misconception - it sidestepped it. I would love to see data on what percent of YC companies raised a seed round prior to being accepted (or had a cofounder who had raised a round for a prior company), and how that's changed over time.
- danieltillett 10y agoExactly. For someone interested in applying because they want to get in the actual figures on how advanced the companies that are accepted is very important.
- craigcannon 10y agoSure. I'll update this post/thread once I pull together more seed info.
- dsacco 10y agoWhile you're at it, could you update with: 1. the respective percentages of companies that applied with and without prior seed funding, and 2. the respective percentages that were accepted from applicants with seed funding and applicants without seed funding. As has been noted elsewhere in this thread, I think applicant vs. incumbent numbers would be a more honest reflection of the data if you want to dispel these myths.
- the_economist 10y agoIn BuildZoom's batch (W13), only ~3 out of 50 companies had raised seed funding before YC.