Ivana Djuretic, Co-founder and CSO, <a href=https://www.ycombinator.com/"https://asherbio.com//">Asher Bio</a><br>Rachel Rea, Sr. Director, <a href=https://www.ycombinator.com/"https://www.medtronic.com/us-en/index.html/">Medtronic
Cami Samuels, Partner, <a href=https://www.ycombinator.com/"https://www.venrock.com//">Venrock
Tanay Tandon, Co-founder and CEO of <a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/athelas/">Athelas
Sid Viswanathan, Co-founder and CEO, <a href=https://www.ycombinator.com/"https://truepill.com//">TruePill
and more to be announced<br><br>When people think of Y Combinator, what often comes to mind first are the software companies that got their start with YC – companies like Airbnb, DoorDash and Stripe. But within the last 5 years, YC has funded over 500 healthcare and bio startups, 9 of which are now billion dollar companies. We’ve quietly become the largest seed stage funder of bio startups in the world. We're looking forward to sharing what we’ve learned from funding hundreds of founders and working alongside them as their companies have grown. <br><br>If you’re in the early stages of starting a bio startup or are considering starting one, we hope you join us. <a href=https://www.ycombinator.com/"https://ychealthandbiosummit2022.splashthat.com//">Sign up to attend here</a>.</p>","comment_id":"6320f7135142100001443588","feature_image":"/blog/content/images/2022/09/biosummit.jpeg","featured":true,"visibility":"public","email_recipient_filter":"none","created_at":"2022-09-13T14:33:07.000-07:00","updated_at":"2022-09-14T09:01:34.000-07:00","published_at":"2022-09-14T08:55:00.000-07:00","custom_excerpt":"We’re excited to announce the first YC Health and Bio Summit that will take place in San Francisco on October 21, 2022. \nThe half day conference will feature bio and healthcare founders and investors who will tell their stories and share advice for entrepreneurs who are just getting started. ","codeinjection_head":null,"codeinjection_foot":null,"custom_template":null,"canonical_url":null,"authors":[{"id":"61fe29e3c7139e0001a71072","name":"Surbhi Sarna","slug":"surbhi-sarna","profile_image":"/blog/content/images/2022/09/1563221214332.jpg","cover_image":null,"bio":"Surbhi is a group partner at Y Combinator. Prior to YC, Surbhi was CEO of nVision Medical, which was acquired by Boston Scientific.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/surbhi-sarna/"}],"tags":[{"id":"61fe29efc7139e0001a71173","name":"YC News","slug":"yc-news","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/yc-news/"},{"id":"61fe29efc7139e0001a71179","name":"YC Events","slug":"yc-events","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/yc-events/"},{"id":"61fe29efc7139e0001a7117e","name":"Biotech","slug":"biotech","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/biotech/"},{"id":"6321041a51421000014435a2","name":"Healthcare","slug":"healthcare","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/healthcare/"},{"id":"6321041a51421000014435a3","name":"#12861","slug":"hash-12861","description":null,"feature_image":null,"visibility":"internal","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/404/"},{"id":"6321041a51421000014435a4","name":"#1272","slug":"hash-1272","description":null,"feature_image":null,"visibility":"internal","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/404/"},{"id":"625df7af54a948000183a458","name":"#1635","slug":"hash-1635","description":null,"feature_image":null,"visibility":"internal","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/404/"}],"primary_author":{"id":"61fe29e3c7139e0001a71072","name":"Surbhi Sarna","slug":"surbhi-sarna","profile_image":"https://ghost.prod.ycinside.com/content/images/2022/09/1563221214332.jpg","cover_image":null,"bio":"Surbhi is a group partner at Y Combinator. Prior to YC, Surbhi was CEO of nVision Medical, which was acquired by Boston Scientific.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/surbhi-sarna/"},"primary_tag":{"id":"61fe29efc7139e0001a71173","name":"YC News","slug":"yc-news","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/yc-news/"},"url":"https://ghost.prod.ycinside.com/ycs-1st-health-and-bio-summit/","excerpt":"We’re excited to announce the first YC Health and Bio Summit that will take place in San Francisco on October 21, 2022. ","reading_time":1,"access":true,"og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"email_subject":null,"frontmatter":null,"feature_image_alt":null,"feature_image_caption":null},{"id":"6335a9276c330f000113fa77","uuid":"b5d30051-751f-4231-bac3-84aa004a3e80","title":"Women Engineers in Startups: Tess's Story","slug":"women-engineers-in-startups-tess","html":"<p>Last year we launched the first *<a href=https://www.ycombinator.com/"https://www.ycombinator.com/events/yc-women-eng-in-startups-2022/">Women Engineers in Startups</a> series, and our goal was to encourage more women to consider working at high-growth startups.</p><p>Why?</p><p>At YC, most of us have worked at or started startups, and they’ve changed our lives for the better. We’ve seen, firsthand, the impact they can have on one’s life and career. The amount you learn is immense, and a lot of early startup employees go on to start their own companies. </p><p>We believe the opportunity should be explored by every hard working, ambitious person.</p><p>Yet, when we spoke to our founders, we learned that very few women engineers apply for jobs at YC companies. We wondered whether there were misconceptions about startups that we could help clear up, or whether there were resources we could build to connect more women to startup opportunities. </p><p>So, we brought together a cohort of women engineers and introduced them to YC founders, engineering managers, recruiters and women who had joined YC startups as early engineers. They came together for three weeks, learned about what startups are looking for, what the work/life balance was like at various companies, and what they should think about and ask when considering companies and roles. </p><p>At the end of the first session, we were delighted to see a few women from that first cohort accept roles at YC companies. </p><p>One participant in that first cohort, Tess Huelskamp, accepted a role at <a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/middesk/">Middesk (YC W19), a fast-growing company that helps b2b financial services companies verify business customers. She shared her experience and advice for thinking about joining a startup here: </p><blockquote><em>Prior to working at my startup Middesk, I worked for a few years on Dropbox's Sharing team on a lot of backend changes to make it easier to share files and folders within Dropbox. </em><br><br><em>After a few years at Dropbox, I had learned a lot about how to build and ship code, but my learning was slowing. I always knew that I wanted to work at a startup before I moved home to the Midwest, and I figured this was the time to do it.</em><br><br><em>Before participating in the YC Women Eng in Startup series I didn't know a lot about the startup lifecycle. I didn't know what \"pre-\" vs. \"post-seed\" meant and I didn't know what type of work startups do as they move from trying to find product-market fit to scaling up their company. It helped me better identify the stage and type of company I wanted to work at.</em><br><br><em>When I started my job search, I knew I wanted to work at a post-Series A company that had a great culture, healthy work-life balance, and an interesting product. I found Middesk through the </em><a href=https://www.ycombinator.com/"https://www.workatastartup.com//">Work at a Startup</em></a><em> job board and took an informational call to learn more. As I was interviewing, I got a great vibe from the team at Middesk and respected all of the people I talked to.</em><br><br><em>I've been happily surprised with the breadth of work I've been able to do at an earlier stage company.</em><br><br><em>Established companies already have a lot of key features built, so the impact you can have is limited to improving an already existing feature. At an earlier stage company, I've been able to have a huge impact on my company by scaling, improving core business flows and also building multiple features from the ground up.</em><br><br><em>Earlier in my career, I was scared to move to a startup because I didn't think that I knew enough about engineering to be able to contribute to a startup. If I were to do my career over again, I would've left a larger company as soon as I felt my growth stalling out, because I could've easily handled working at a startup once I had learned how to ship projects at a larger company.</em></blockquote><p><strong>We’re hosting the second Women Engineers in Startups series this fall. Learn more about it </strong><a href=https://www.ycombinator.com/"https://www.ycombinator.com/blog/women-engineers-in-startups/">here.
Apply to participate by October 7</strong></a><strong>. </strong></p><!--kg-card-begin: html--><center>\n<a class=\"ycdc-retro-btn ycdc-retro-btn-gold mt-[-10px] ml-[13px]\" href=https://www.ycombinator.com/"https://www.ycombinator.com/events/yc-women-eng-in-startups-2022/?utm_source=ycblog\%22 style=\"text-decoration: none;\" title=\"Women Engineers in Startups\" target=\"_blank\">Apply Now</a>\n</center><!--kg-card-end: html--><p>* <em>We use an inclusive definition of “women” and welcome trans women as well as genderqueer and non-binary people who identify as women or femme in any way to attend this event.</em></p><figure class=\"kg-card kg-image-card\"><a href=https://www.ycombinator.com/"https://www.ycombinator.com/events/yc-women-eng-in-startups-2022/?utm_source=ycblog\%22>
![](https://www.ycombinator.com/"https://ghost.prod.ycinside.com/content/images/2022/09/6.jpg/")
here by December 29 and we’ll send you a confirmation and location details by December 30.</p><!--kg-card-begin: html--><center>\n<a class=\"ycdc-retro-btn ycdc-retro-btn-gold mt-[-10px] ml-[13px]\" href=https://www.ycombinator.com/"https://docs.google.com/forms/d/e/1FAIpQLSdtMLHJC2orF1Ua8PAz4V20IZCeHTtTbNdESZtXU84QUPYL8w/viewform/" style=\"text-decoration: none;\" title=\"YC Happy Hour at JP Morgan Healthcare Conference\" target=\"_blank\">Sign Up</a>\n</center><!--kg-card-end: html-->","comment_id":"638559cc3a008e000176edd4","feature_image":"/blog/content/images/2022/11/BlogTwitter-Image-Template--31-.png","featured":true,"visibility":"public","email_recipient_filter":"none","created_at":"2022-11-28T17:01:00.000-08:00","updated_at":"2022-11-29T08:51:35.000-08:00","published_at":"2022-11-29T08:51:00.000-08:00","custom_excerpt":"Join us for a happy hour during the JP Morgan Healthcare Conference in San Francisco on January 10th. If you’re a YC alum, an investor, industry leader, or are interested in starting a bio or healthcare company, we’d love to see you there.","codeinjection_head":null,"codeinjection_foot":null,"custom_template":null,"canonical_url":null,"authors":[{"id":"61fe29e3c7139e0001a71072","name":"Surbhi Sarna","slug":"surbhi-sarna","profile_image":"/blog/content/images/2022/09/1563221214332.jpg","cover_image":null,"bio":"Surbhi is a group partner at Y Combinator. Prior to YC, Surbhi was CEO of nVision Medical, which was acquired by Boston Scientific.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/surbhi-sarna/"}],"tags":[{"id":"61fe29efc7139e0001a71179","name":"YC Events","slug":"yc-events","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/yc-events/"},{"id":"61fe29efc7139e0001a71173","name":"YC News","slug":"yc-news","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/yc-news/"},{"id":"6321041a51421000014435a2","name":"Healthcare","slug":"healthcare","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/healthcare/"},{"id":"61fe29efc7139e0001a71183","name":"Event","slug":"event","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/event/"},{"id":"61fe29efc7139e0001a7117e","name":"Biotech","slug":"biotech","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/biotech/"}],"primary_author":{"id":"61fe29e3c7139e0001a71072","name":"Surbhi Sarna","slug":"surbhi-sarna","profile_image":"https://ghost.prod.ycinside.com/content/images/2022/09/1563221214332.jpg","cover_image":null,"bio":"Surbhi is a group partner at Y Combinator. Prior to YC, Surbhi was CEO of nVision Medical, which was acquired by Boston Scientific.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/surbhi-sarna/"},"primary_tag":{"id":"61fe29efc7139e0001a71179","name":"YC Events","slug":"yc-events","description":null,"feature_image":null,"visibility":"public","og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"codeinjection_head":null,"codeinjection_foot":null,"canonical_url":null,"accent_color":null,"url":"https://ghost.prod.ycinside.com/tag/yc-events/"},"url":"https://ghost.prod.ycinside.com/yc-happy-hour-at-jp-morgan-healthcare-conference/","excerpt":"Join us for a happy hour during the JP Morgan Healthcare Conference. ","reading_time":1,"access":true,"og_image":null,"og_title":null,"og_description":null,"twitter_image":null,"twitter_title":null,"twitter_description":null,"meta_title":null,"meta_description":null,"email_subject":null,"frontmatter":null,"feature_image_alt":null,"feature_image_caption":null}]},"url":"/blog/meet-the-yc-summer-2022-batch","version":"a2ce9abc7c2080e819915df4aacfcc5c01cd09b5","encryptHistory":false,"clearHistory":false,"rails_context":{"railsEnv":"production","inMailer":false,"i18nLocale":"en","i18nDefaultLocale":"en","href":"https://www.ycombinator.com/blog/meet-the-yc-summer-2022-batch","location":"/blog/meet-the-yc-summer-2022-batch","scheme":"https","host":"www.ycombinator.com","port":null,"pathname":"/blog/meet-the-yc-summer-2022-batch","search":null,"httpAcceptLanguage":"en, *","applyBatchLong":"Summer 2025","applyBatchShort":"S2025","applyDeadlineShort":"May 13","ycdcRetroMode":true,"currentUser":null,"serverSide":true},"id":"ycdc_new/pages/BlogPage-react-component-e4febcbb-4378-405e-b2b0-282a762f2124","server_side":true}" data-reactroot="">Meet the YC Summer 2022 Batch
by Michael Seibel9/7/2022
For the first time since the Winter 2020 batch, the Summer 2022 batch was in person. The batch kicked off with an in-person retreat followed by weekly meetups in San Francisco and around the world. And soon after Demo Day, we’re hosting an end-of-batch celebration with the entire YC community.
The program was still remote friendly with office hours and batch talks online, but we encouraged all teams who could to move to the Bay Area to participate. About 30% of the batch moved to the Bay Area during the 3-month program, and about 23% were already in the Bay Area when they applied to YC.
For the Summer 2022 batch, we received 19,000 applications from founders around the world and funded 240. Today, these founders will present their companies to an invite-only audience of investors at our 35th Demo Day. Here’s what we saw in the S22 batch:
- 50% of the batch applied more than once
- 43% of the batch were accepted with only an idea
- 36% of the batch raised money before YC
- 71% of the batch had zero revenue before YC
- 7% had more than $50k of monthly revenue when accepted
S22 companies are building in more than 100 verticals. There isn’t an industry being touched by software that we don’t fund. During the batch, we divide the companies into 33 small groups that are organized by vertical. The groups meet for bi-weekly office hours led by 18 group partners and visiting group partners. During these group office hours, founders help each other and get the benefit of an intimate setting within the larger batch. At a high level:
- 39% in B2B/Enterprise SaaS
- 21% in Fintech
- 13% in DevTools
- 9% in Consumer
- 9% in Healthcare
- 3% in Proptech
- 3% in Aerospace
- 2% in Climate, Energy, or Sustainability
- 1% in Education
The companies come from 34 countries around the world that combined have over 3 billion inhabitants. About 42% are outside of the U.S. – and a sign of the times, 35% of the companies are remote and 37% are remote friendly. The top countries represented include:
- United States: 140 startups
- India: 19 startups
- United Kingdom: 11 startups
- Israel: 8 startups
- Canada: 6 startups
- Germany: 6 startups
- Mexico: 6 startups
- France: 6 startups
- Nigeria: 5 startups
New this batch, we added “multiracial” as an option when collecting demographic information. While this change makes it harder for us to measure our progress compared to prior batches, this addition was long overdue. Here is the demographic breakdown for the S22 batch:
- 13% Asian
- 3% Black
- 6% Hispanic or Latino
- 5% Middle Eastern or North African
- 8% Multiracial
- 15% South Asian
- 29% White
Additionally, 15% of the companies have a woman founder and 9% of the founders are women.
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Michael Seibel
Michael Seibel is a Group Partner and Managing Director, Early Stage at YC. He was the cofounder and CEO Justin.tv and Socialcam. Socialcam sold to Autodesk in 2012 and Justin.tv became Twitch.