In 2005, Y Combinator developed a new model of startup funding.
Twice a year we invest a small amount of money (average $18k) in a
large number of startups (most recently 65). The startups move to
Silicon Valley for 3 months, during which we work intensively with
them to get the company into the best possible shape and
refine their pitch to investors. Each cycle culminates in
Demo Day,
when the startups present to a large audience of investors.
But YC doesn't end on Demo Day. We and the YC alumni network
continue to help founders for the life of their company, and beyond.