4 ms·
YC is meant for very early stages (with an idea and not much else). Stripe wasn't worth much when it was just an idea--a better payment gateway--but is now wort
by jonknee 13y ago
YC is meant for very early stages (with an idea and not much else). Stripe wasn't worth much when it was just an idea--a better payment gateway--but is now worth a lot because they executed. YC wants to help teams better execute and starts things off with enough money to let the team live in the Bay area for a short time.
- nedwin 13y agoMore and more they're funding startups that have traction, customers, revenue - sometimes substantial revenue.
- mikeg8 13y agoCan you cite a few examples of companies they funded with substantial revenue? I'm very curious to learn about which ones they were.
- simonw 13y agoMany (most?) of the companies that presented at the most recent YC demo day had substantial revenue, and many of those were already making revenue before they joined YC. (That's a big difference from the YC batch I went through back in Winter 2011)