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A new YC batch is upon us and you can feel the buzz among founders as
they prepare their applications in an attempt to join the highly rated Y Combinator program.
I’ve had the opportunity to work with some interesting founders on their applications and I’m really excited about the future of the ecosystem. I
personally believe that the YC application stage is one of the hardest
parts of the process as you have to distinguish your startup from over
15,000 applicants from across the world. It can be hard!
As you write your application, imagine that you are writing for a very
tired YC alum who has just read through a billion of these things. Keep
it short. Get to the point. No one wants to read an essay when a
sentence or two will do the job. — Aaron Epstein (YC Partner)
This is particularly important for startups applying for YC from outside the
The US. It is very important to use context to pass your message across when you can. The YC team reviewing applications is majorly based in the
US and although they do a good job, it can sometimes be difficult for them to understand the problem you’re solving or your solution. You need to give them a bit of background(concisely) or relate your startup/product with something they are already familiar with. An example of this is Paystack referring to them as ‘Stripe for Africa’
YC and investors generally tend to invest in startups that they believe will do well with or without their help. Make sure you have a solid business/idea and make sure they can tell from your application. Show how well you are doing or how well you can be doing using facts and figures. E.g “We currently have 5,000 users and we’re growing at a rate of 20% every month”, “Nigerians currently spend $2 million annually on products that solve the problem we’re solving”.
When you finally submit your application, please don’t forget you still have
an actual business to run. I always advise founders not to build or run their startups on the premise of getting into YC.
If you don’t get selected for the batch, remember that it is not the end.
Focus on your business and growth. You can always find funding from other sources or chose to apply to another YC batch. Of all the companies YC accepts, 40% have applied more than once.
Paul Graham is a co-founder and the first Managing Director of YC.
Understanding his mindset and direction helps you get a better idea of
YC and the principles that guide it. He writes some interesting essays and shares them . If you have some time, you should read them. Some personal recommendations are: , and
I hope you found this article useful! Please share with other founders if you did. I plan to write a follow-up article on what to expect at the
YC interview(s).