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When is the Right Time to Apply to Y Combinator? - Jared Friedman

From Y Combinator · Published Jul 22, 2019 · Watch on YouTube

TL;DR

Apply to Y Combinator as soon as you have a founding team and an idea that team is excited to work on. Traction, revenue, or a certain amount of progress are not required; 25–50% of funded companies each batch have only those two ingredients. If rejected, make more progress and reapply.

Key insights

  • The only two ingredients needed for a successful YC application are the founding team and an idea the team is excited to work on.
  • A common misconception is that traction or revenue is necessary; this is false.
  • Between a quarter and a half of the companies YC funds in each batch have only an idea and a founding team, with no other traction.

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