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YC Summer 2017 Stats
- philipjoubert 9y agoDoes anyone know which South Africa startup was in this batch?
- vegbrasil 9y agoI'm curious about the brazilian one.
- katm 9y agoThe Brazilian company is bxblue. https://techcrunch.com/2017/08/18/bxblue/ https://techcrunch.com/2017/08/18/bxblue/
- fernandotakai 9y agofintech is getting insanely huge in brazil right now.
- coolswan 9y agoAgreed. Fintech is huge in all growing emerging markets, especially those driven still on top of cash. No credit card infrastructure to mess with - move right onto digital wallets. China is the obvious example.
- vit05 9y agoI do not think the opportunity in Brazil, for fintechs, is about people using cash. More than 100 million have a bank account, with a card, and more than 70 million have a credit card[0]. Almost every place you go you could use a credit card to pay, including churches and street vendors. But, is too expensive and too much bureaucracy to take a loan. Big Banks is one of the sectors that most profits in Brasil[1], so they do not care so much about small and personal loans. Or loans to small companies. And the legislation sucks too, politicians have passed a new law that will make even harder to make Angel Investments[2]. Is too risky and expensive for everyone that want to loan money to people. Loan money to government is more profitable and almost without risk to Big Banks and mutual funds. So, there is a huge opportunity to disrupt this. [1]http://www.infomoney.com.br/mercados/acoes-e-indices/noticia/6463722/empresas-que-mais-lucraram-trimestre-2017 http://www.infomoney.com.br/mercados/acoes-e-indices/noticia... ( portuguese) [2]http://convergecom.com.br/tiinside/21/07/2017/investidor-anjo-deve-pagar-imposto-de-renda/ http://convergecom.com.br/tiinside/21/07/2017/investidor-anj...
- matdehaast 9y agoAlso really curious, as I feel we are quite a small startup community and would have heard something.
- buro9 9y agoIt would be great if the underrepresentation stats also included class distinctions, or at least economic backgrounds.
- katm 9y agoAnother thing I've been curious about is how many of the founders had student loans when they started the company. I'd bet that student loans hold a lot of people back. I just paid mine off last year.
- adventured 9y agoStudent loans and health factors (specifically complications around health insurance or existing healthcare costs). Health considerations can be a massive issue when trying to do a start-up. At 30-40 years old (with the average age around 30, I imagine there are plenty of candidates between 30-40), some small percentage of people are likely to be running into their first health problems or concerns. Financially speaking, the only thing more ridiculous than the cost of education, is the cost of healthcare. If you need health insurance to cover a prescription that costs a thousand dollars per month, you're naturally going to have serious concerns about leaving the job that provides that insurance.
- aianus 9y agoIt's a rather marginal difference when you're already forgoing $13k a month or more in salary to be an entrepreneur instead of a bigco developer, no? Like, you'd just have to work a month or two extra before quitting to cover a year of prescriptions.
- edwhitesell 9y agoIf you have a need for a prescription with costs in that range, the prescription itself is likely a minimal cost in the whole scheme of healthcare costs you have. Specialists usually charge significantly more than primary care physicians and an unforseen trip to the ER can easily cost $20k. It's not as simple as working an extra month or two. The risks of not having insurance are utterly terrible financial handcuffs. I'm just starting down the path of cancer treatments, the coverages (or lack thereof) and costs are eye-opening, and scary.
- forgotmysn 9y agoIt's cool that this batch is so international. I'm surprised to see companies from that many different regions. That said, I'm also really surprised, given how international this batch is, that there isn't a single Chinese company.
- avip 9y agoPossible reasons other than "just so happened": * VC money is more accessible for Chinese startups in China * Chinese startups are mostly targeting local market * Visa issues? (these are all wild guesses)
- EduardoBautista 9y agoThe Brazilian company is targeting just the Brazilian market so I don’t think that’s an issue.
- kballenegger 9y agoI'm not sure about this batch, but there has definitely been YC companies in the past with Chinese (and HK) founding teams, and based in CN/HK. 9gag, for example, is HK based. I'm also personally an investor in a S15 YC company with mainland Chinese founders.
- vit05 9y agoI agree with these suggestions. Perhaps, I would add the little knowledge about Chinese legislation and the market, which is quite different from other parts of the world. But I think it would be interesting, thinking strategically, YC attracts more Chinese and thus better know the market.
- coolswan 9y agoThe language barrier and easy access to lots of capital in China.
- wenbin 9y agoIt would be great if it shows * How many companies with only a single founder? * How many companies are founded by people who are not native english speaker? I mean, an entire non english speaker team, e.g., all of them were born in Russia or China and came to US in a "late" age (e.g., after 22), instead of Canada, UK etc. It would be more interesting if we can see a YC-funded company that is founded by a single founder who is not a native English speaker and came to US after 22 and he/she is now over 35 :) This somehow makes the game harder to play, but it would be challenging and fun and inspiring :) The stereotype of a YC company is still multi-founder + at least one native english speaker + young. It will be certainly an outlier of outlier if there's ever a YC company that sets an inspiring example that single founder + non native english speaker + "old" can be accepted to YC and can succeed. Or we may need a YC-clone that is started in non-english-speaking countries or is started by a first-generation non-native-english-speaker immigrant in US.
- katm 9y agoThere are 18 companies with a solo founder in this batch.
- koolba 9y agoInteresting stats. I don't get this section though: UNDERREPRESENTED FOUNDERS S17 Female founders: 35 (12% of all S17 founders) S17 Applicants who were female: 14% S17 Companies with a female founder: 27 (21% of the batch) S17 Applications with a female founder: 22% S17 Black founders: 14 (4.76% of S17 founders) S17 Companies with a Black/Af-Am founder: 8 (6.25% of the batch) S17 Hispanic/Latinx founders: 13 (4.42% of S17 founders) S17 Companies with a Hispanic/Latinx founder: 7 (5.47% of the batch) For females the percentage that were accepted is pretty close to the percentage that applied (21% vs 22%). So it seems like it would represent the applicant set. Couple questions come to mind: * For the black and hispanic stats, what were the percentage of the total applicants? * Does the acceptance rate align with the application rate? * Are the "% Applications with a ..." based on those that arrived at the office for an interview or total number of submissions? * Are the stats self reported and if so optional or mandatory, or does someone at YC look at people to bucketize them?
- katm 9y ago* We ask for gender on our applications, but we haven't asked for race/ethnicity, which is why we don't have the answer to your first question. * We see that it does for female founders. * Total number of submissions * Gender is reported in the applications. We asked founders in the batch to self-report for race/ethnicity.
- sachinag 9y agoWhy ask for gender but not race/ethnicity?
- chronic6h2 9y agoBecause there are more females than Hispanics/Blacks (that complain, at least).
- chronic62a 9y ago> Why ask for gender but not race/ethnicity? Out of everyone who complains, there are more females complaining than Hispanics/Blacks.
- avip 9y agoWould have been interesting to have an overrepresented section as well (if exists).
- coolswan 9y agoYou mean white males?
- deleted 9y ago[deleted]
- socrates1998 9y agoWhat is the overall rate of return for all the companies? I would like to see how much money was invested total into the companies and how much they all valued in total today.
- tim333 9y agoWell it says $13bn invested, $85bn valuation today. It might be interesting to break that down by year though. The recent investments won't really have had time to play out.
- zodiac 9y agoIt's 13bn raised by alums among all investors, not just yc.
- socrates1998 9y agoYeah, that was my point. 85bn in value on 13bn invested is impressive, but that might not include other money. It seems like they left out "total money invested" to make the return sound a little better.
- jaypaulynice 9y agohttp://seed-db.com/accelerators/view?acceleratorid=1011 http://seed-db.com/accelerators/view?acceleratorid=1011 As much info you can get for now...it says 15B invested Airbnb alone has almost a third of that.
- deleted 9y ago[deleted]
- chronic6h2 9y ago> Brains and talent are equally distributed throughout the population. This is false and you know it.
- deleted 9y ago[deleted]
- Cyph0n 9y agoInteresting! I would love to see more detailed stats on the universities of accepted YC applicants. * What proportion are from international universities (i.e., not the US)? * What percentage of founders graduated from top 10 universities? Top 100? * How many founders are PhD holders? How about MS? MBA?
- nukdf 9y agoThat's a piece of data that I'd really like to see also =]
- deleted 9y ago[deleted]
- haaen 9y agoDoes anyone know which Dutch startup is in this batch?
- fgpwd 9y agoDoes anyone know the total number of applicants?
- csomar 9y agoOkay, I might have a bit of a hot head but: Isn't $85bn total market cap a sign of failure? Especially considering that this includes companies that have valuations because they "just raised money on high cap". Given that the valley now has multiple companies with $500bn+ market cap; and in the "still raising money" valuation there are companies with $50-100bn valuation; it seems to me that $85bn is rather very small. Or more like YC has worked well for the average founder but sucked at picking even one of the bigger winners?
- sillysaurus3 9y ago(I didn't downvote.) Winners take a long time to develop. YC's pipeline makes it likely that the new ones will go through it. It's probably more likely now than in 2008, meaning a YC applicant today might be that 500bn company in 10 years.
- csomar 9y agoYeah, I'm not sure why anyone would down vote that. Own a stake in YC?
- jacquesm 9y agoMaybe because $85B is a lot of dough regardless of whether or not there are larger entities?
- csomar 9y agoThat's not my point. My point is YC is getting top attention and has a big (the biggest?) name in Early stage funding. That doesn't seem to translate to being a leader in picking winners though.
- jacquesm 9y agoIt doesn't have to! All they need to do is do well enough that they can continue to attract new talent and be founder friendly, and do this for the largest talent pool. And this is what seems to be the case, there is no other program that has launched as many start-ups as YC has done and there is no other program that has done this for as many founders as YC has done. The network effects of that are tremendous.
- quadcore 9y agoI have a side question for YC. You often mention that one of the main reasons for a startup to fail is founders dispute. But that applies to you too: you don't know the founders before accepting them. How do you trust the founders so fast? In other words, do you invest in companies in which you wouldn't want to be a founder? I just want to know more about trust, where it matters, where it doesn't maybe, what to look for, that kind of stuff. Sorry if that's irrelevant here.
- hkmurakami 9y agoMost accelerators use "how long have you known each other" and "have you worked together before" as proxies for this.
- benjaminsuch 9y agoGermany where?
- capocannoniere 9y ago> 10 YC alum are valued at over $1B and 64 YC alum are valued at over $100M. Impressive. But off the top of my head I can count a few more than 10 YC companies valued at $1B or more: 1) Airbnb 2) Quora 3) Stripe 4) Dropbox 5) Instacart 6) Coinbase 7) Reddit 8) Cruise 9) Twitch 10) Gusto 11) Zenefits 12) Docker 13) Machine Zone And a few more that are pretty close to $1B
- Cyph0n 9y agoAre you sure about Reddit, Quora, Docker, and Twitch? Edit: > But off the top of my head I can count a few more than 10 billion-dollar companies funded by YC. I thought you were listing 10B+ companies.
- bpicolo 9y agoTwitch was bought for 970m. preeeetty close but not technically a billion. Quora had a 1.7b valuation in series D recently
- capocannoniere 9y agoReddit raised $200 million in funding and is now valued at $1.8 billion [1] Q&A app Quora valued around $1.8 billion in $85 million fundraise [2] Docker Is Raising Funding at $1.3B Valuation [3] Twitch was acquired by $970M, so I guess not quite $1B. [1] https://www.recode.net/2017/7/31/16037126/reddit-funding-200-million-valuation-steve-huffman-alexis-ohanian https://www.recode.net/2017/7/31/16037126/reddit-funding-200... [2] https://techcrunch.com/2017/04/21/uniquorn/ https://techcrunch.com/2017/04/21/uniquorn/ [3] http://www.datacenterknowledge.com/archives/2017/08/10/docker-is-raising-funding-at-1-3b-valuation/ http://www.datacenterknowledge.com/archives/2017/08/10/docke...
- Cyph0n 9y agoSee my edit above. Your wording could be better.
- 9y ago
- lukasm 9y agoI'd be much more interesting to see what is the expected value, median and average for the founder.
- jv22222 9y agoDo people over the age of 40 ever get in to YC?
- nl 9y agoIn 2016 18% of YC founders were 40+ https://mixpanel.com/blog/2016/05/18/getting-accepted-into-y-combinator/ https://mixpanel.com/blog/2016/05/18/getting-accepted-into-y...
- Powerofmene 9y agoIt would be interesting to know how many founders were over 40 in S17. It would also be interesting to see if YC has a sense of any difficulties that older founding teams experience in attracting VC funding.
- nnd 9y ago>> Avg age of S17 founders: 29.5 So much for a stereotype of prodigy college dropout.
- deleted 9y ago[deleted]
- rmena123 9y agoI can bet, if YC had the stats for race/ethnicity amount who applied, we would be shocked of the amount of blacks or Latinos who were never accepted. Especially from the early days. Count me and a few other Hispanics who never have been accepted. The only time its cared about is after the fact and just for show purposes like this. On a side Note: Yc doesn't understand people like me will never have the resume they are looking for, but have the talent and drive. I could game the application process to get accepted. Because we know what you accept and its not just a race issue.
- Grustaf 9y agoAre you suggesting that YC rejects applicants because they are black or hispanic? Why would they do that? You seem to also say that they want to brag about accepting these ethnicities, so why then they discriminate _against_ them?
- rmena123 9y agoIt's not that they reject them for being black or Hispanic, but look at the numbers, not just recent classes. It's a hot topic for companies to do the right thing now, its then they start to care. I don't think its done on purpose or with a hatred, but its an issue, look around.
- Grustaf 9y agoSorry, I don't follow you. So they are not discriminating against hispanics? What exactly is the issue?
- rmena123 9y agoSomeone wrote this above... I agree with. The decision of who to fund may rely in part on seeking people similar to oneself and if the demographics of the applicant pool are not reflected in the staff of YC it may skew the outcome against minorities.
- Grustaf 9y agoSo on average YC companies have raised some 10 m, but what is the median? Similarly to total valuation, this number is probably heavily skewed by a few whales.
- jaypaulynice 9y agoI'm very curious about the success rate of YC companies when it comes to race/gender...any data regarding that?
- d--b 9y agoWhat would be interesting is to look at the distribution of YC's capital over the companies it owns shares of. Is it mostly concentrated in the very big ones? Or is the number of less-than-100m companies large enough that they make up a decent part of YC's total assets.
- bbd 9y agoit will be great to see some cohort analysis for each batch.
- toephu2 9y agoWhat evidence is there that proves an equal percentage of every race and gender leads to a more profitable company (or has a higher chance of a successful exit)?* *Because I assume that by listing "UNDERREPRESENTED FOUNDERS" YC wishes there were 50% female founders and 50% male founders? And what about the racial makeup of founders? Is the ideal world for YC a racial make up of 20% white, 20% black, 20% asian, 20% middle eastern, and 20% other?