282. Smart founders <a href=https://www.ycombinator.com/"https://www.ycombinator.com/blog/why-would-you-start-a-startup-in-an-economic-downturn/">know now is a great time to start a startup. </p><p>Today, these founders will present their companies to an invite-only audience of investors at our 36th <a href=https://www.ycombinator.com/"https://www.ycombinator.com/demoday/faq//">Demo Day</a>. Here’s what we saw in the W23 batch:</p><ul><li>59% of the batch applied more than once</li><li>52% of the batch were accepted with only an idea</li><li>28% of the batch raised money before YC</li><li>77% of the batch had zero revenue before YC</li><li>2% had more than $50k of monthly revenue when accepted</li></ul><p>86% of W23 founders lived in the Bay Area. The batch kicked off with an in-person retreat, followed by weekly meetups in San Francisco. Though most founders spent the batch in the Bay Area, the program was still remote friendly, with batch talks and office hours hosted online.</p><figure class=\"kg-card kg-image-card\"><img src=https://www.ycombinator.com/"/blog/content/images/2023/03/XL5HyasU.jpeg/" class=\"kg-image\" alt loading=\"lazy\" width=\"2000\" height=\"1333\" srcset=\"/blog/content/images/size/w600/2023/03/XL5HyasU.jpeg 600w, /blog/content/images/size/w1000/2023/03/XL5HyasU.jpeg 1000w, /blog/content/images/size/w1600/2023/03/XL5HyasU.jpeg 1600w, /blog/content/images/2023/03/XL5HyasU.jpeg 2048w\" sizes=\"(min-width: 720px) 720px\"></figure><p>YC Winter 2023's 282 companies were divided into sections of 7-10 companies, which were led by 19 group partners and visiting group partners and organized by vertical. </p><p>The most common themes of this batch were open source, dev tools, and AI, and company verticals broke down as follows:</p><ul><li>54% in B2B/Enterprise SaaS</li><li>17% in DevTools</li><li>12% in Fintech</li><li>7% in Healthcare</li><li>5% in Consumer</li><li>3% in Proptech</li><li>2% in Climate, Energy, or Sustainability</li><li>1% in Aerospace</li></ul><p>Here is the demographic breakdown* for the W23 batch:</p><ul><li>13% Asian</li><li>2% Black</li><li>5% Hispanic or Latino</li><li>3% Middle Eastern or North African</li><li>8% Multiracial</li><li>15% South Asian</li><li>29% White</li></ul><p>Additionally, 17% of the companies have a woman founder and 8% of the founders are women.</p><figure class=\"kg-card kg-image-card\"><img src=https://www.ycombinator.com/"/blog/content/images/2023/03/gaI7d_Lw.jpeg/" class=\"kg-image\" alt loading=\"lazy\" width=\"2000\" height=\"1331\" srcset=\"/blog/content/images/size/w600/2023/03/gaI7d_Lw.jpeg 600w, /blog/content/images/size/w1000/2023/03/gaI7d_Lw.jpeg 1000w, /blog/content/images/size/w1600/2023/03/gaI7d_Lw.jpeg 1600w, /blog/content/images/size/w2400/2023/03/gaI7d_Lw.jpeg 2400w\" sizes=\"(min-width: 720px) 720px\"></figure>","comment_id":"642348dc50615b000151d876","feature_image":"/blog/content/images/2023/04/BlogTwitter-Image-Template--2-1024_1.png","featured":true,"visibility":"public","email_recipient_filter":"none","created_at":"2023-03-28T13:06:52.000-07:00","updated_at":"2023-04-05T08:30:00.000-07:00","published_at":"2023-04-05T08:30:00.000-07:00","custom_excerpt":"Today, we're kicking off our 36th Demo Day — featuring founders from over 250 startups, building across a variety of verticals including B2B/enterprise, fintech, healthcare, consumer, climate, and more.","codeinjection_head":null,"codeinjection_foot":null,"custom_template":null,"canonical_url":null,"authors":[{"id":"61fe29e3c7139e0001a710b0","name":"Michael Seibel","slug":"michael-seibel","profile_image":"/blog/content/images/2022/02/Michael.jpg","cover_image":null,"bio":"Michael Seibel is a Group Partner and Managing Director, Early Stage at YC. 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Socialcam sold to Autodesk in 2012 and Justin.tv became Twitch.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/michael-seibel/"}],"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":"61fe29efc7139e0001a7117a","name":"Batch Stats","slug":"batch-stats","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/batch-stats/"}],"primary_author":{"id":"61fe29e3c7139e0001a710b0","name":"Michael Seibel","slug":"michael-seibel","profile_image":"https://ghost.prod.ycinside.com/content/images/2022/02/Michael.jpg","cover_image":null,"bio":"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.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/michael-seibel/"},"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/meet-the-yc-winter-2023-batch/","excerpt":"Today, we're kicking off our 36th Demo Day — featuring founders from over 250 startups, building across a variety of verticals including B2B/enterprise, fintech, healthcare, consumer, climate, and more.","reading_time":2,"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},"mentions":[],"related_posts":[{"id":"61fe29f1c7139e0001a71c0d","uuid":"47611201-9328-451f-ba0e-fd4b71bd84c5","title":"YC's Spring Tour 2022","slug":"ycs-spring-tour-2022","html":"<p>We are excited to announce our 2022 Spring Outreach Tour. Our goal is to virtually meet founders and future founders from cities and universities around the world. At each location, we will host talks with YC group partners and YC alumni, who will discuss their founder journey, the YC experience and myths around starting startups.</p><p>We will also be hosting two virtual admissions sessions to chat about the YC application process, give application tips and answer your questions about the batch program.</p><p>This year, we’re working with AWS Activate to provide $1,000 in AWS credits to spend on AWS services, and $350 in Developer Support plan credits to attendees. This is on top of any AWS credits you may have received from AWS Activate previously. To learn more about AWS Activate, please visit <a href=https://www.ycombinator.com/"http://www.aws.com/activate/" rel=\"noopener noreferrer\">www.aws.com/activate</a>.</p><p>Interested in applying to YC? <a href=https://www.ycombinator.com/"http://ycombinator.com/apply/">Applications for YC Summer 2022 are now open</a>.</p><p><strong>We hope you’ll join us (virtually) at these locations:</strong></p><p><strong>January 31</strong> - Mexico: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/309/">YC @ Orchata</a><br><strong>February 1</strong> - Canada: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/316/">YC @ University of Toronto</a><br><strong>February 4</strong> - France: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/318/">YC @ Station F</a><br><strong>February 9</strong> - United States: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/328/">YC @ HBCUs</a><br><strong>February 10</strong> - Russia: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/323/">YC @ ITMO University</a><br><strong>February 11</strong> - Spain: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/317/">YC @ Lanzadera</a><br><strong>February 16</strong> - United Kingdom: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/325/">YC @ Cambridge</a><br><strong>February 17</strong> - Indonesia &amp; Singapore: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/313/">YC @ Payfazz &amp; Xfers</a><br><strong>February 23</strong> - Europe: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/321/">YC @ Start Global</a><br><strong>February 25</strong> - Colombia: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/312/">YC @ Platzi</a><br><strong>February 25</strong> - United States: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/314/">YC @ Stanford</a><br><strong>February 25</strong> - United States: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/315/">YC @ UC Berkeley</a><br><strong>March 4</strong> - United States: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/324/">YC @ University of Washington</a><br><strong>March 4</strong> - United States: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/326/">YC @ Harvard</a><br><strong>March 11</strong> - United States: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/320/">YC @ MIT</a><br><strong>March 11</strong> - Canada: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/322/">YC @ University of Waterloo</a><br><strong>March 14</strong> - India: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/327/">YC @ IIT Bombay</a><br><strong>March 18</strong> - <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/319/">AMA w/ Michael Seibel</a><br><strong>March 21</strong> - <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/310/">YC Admissions</a><br><strong>March 21</strong> - <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/311/">YC Admissions</a><br><strong>March 25 </strong>- Ireland: <a href=https://www.ycombinator.com/"https://apply.ycombinator.com/events/330/">YC @ University of Limerick</a></p><p>If you are starting a startup or have questions about YC, we want to meet you. We believe that talent is worldwide and look forward to seeing our community of founders grow.</p>","comment_id":"61f5fff8eb74f90001a957de","feature_image":"/blog/content/images/2022/01/26.png","featured":false,"visibility":"public","email_recipient_filter":"none","created_at":"2022-01-29T19:03:20.000-08:00","updated_at":"2022-02-17T12:19:39.000-08:00","published_at":"2022-01-28T09:00:00.000-08:00","custom_excerpt":"We are excited to announce our 2022 Spring Outreach Tour. If you are starting a startup or have questions about YC, we want to meet you. We believe that talent is worldwide and look forward to seeing our community of founders grow.","codeinjection_head":null,"codeinjection_foot":null,"custom_template":null,"canonical_url":null,"authors":[{"id":"61fe29e3c7139e0001a710ca","name":"Tamanna Khemani","slug":"tamanna-khemani","profile_image":"/blog/content/images/2022/02/Tamanna.jpg","cover_image":null,"bio":"Tamanna is YC's Outreach Manager. 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Previously, she worked on business operations at All Raise.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/tamanna-khemani/"},"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-spring-tour-2022/","excerpt":"We are excited to announce our 2022 Spring Outreach Tour. Our goal is to virtually meet founders and future founders from cities and universities around the world. At each location, we will host talks with YC group partners and YC alumni, who will discuss their founder journey, the YC experience and myths around starting startups.","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":"63f91878d2b0220001e8d6e9","uuid":"a99f2458-1bdd-4a40-81e6-36ee441b133c","title":"Congratulations to the 2023 YC Top Companies!","slug":"yc-top-companies-feb-2023","html":"<p>We’re excited to present the 2023 YC Top Companies!</p><p>The startups are separated into 3 lists: YC’s top <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/" rel=\"noopener noreferrer\">private</a>, <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/public/" rel=\"noopener noreferrer\">public</a>, and <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/exits/" rel=\"noopener noreferrer\">exited</a>. Private companies and exits are sorted by the company's valuation from their latest funding round, and all are valued at over $150M. Public companies are listed in alphabetical order.</p><p>The Breakthrough Companies list highlights the fast-growing companies we’ve doubled down on – which means they’ve all received significant additional investment from YC in their post-Demo Day rounds. </p><p><strong>Here are stats about the companies on this year’s list:</strong></p><p><strong>&gt;</strong> More than 290 private YC companies and 33 exits are valued at over $150M, over 90 are worth more than $1B, and 16 are public. </p><p><strong>&gt;</strong> 58% of the companies have HQs in the Bay Area. 27% of the companies are fully remote, and 55% list themselves as partially remote.</p><p><strong>&gt;</strong> YC Top Companies have HQs in 40 countries including: United States, India, United Kingdom, Canada, Colombia, Indonesia, Mexico, Nigeria, Argentina, Brazil, Chile, France, Spain, Israel, Netherlands, Philippines, Portugal, Germany, Egypt, Ireland, South Korea, Peru, Singapore, United Arab Emirates, Australia, Bolivia, Switzerland, Algeria, Estonia, Finland, Hungary, Italy, Norway, Romania, Sweden, Senegal, Uganda, Uruguay, Venezuela, Vietnam</p><p><strong>&gt;</strong> YC W16 is the most represented batch (by percentage). 23% of the companies from W16 are on the YC Top Companies list. </p><p><strong>&gt;</strong> Here’s a sector breakdown of the top companies:</p><ul><li>B2B Software and Services: 43%</li><li>Financial Technology and Services: 19%</li><li>Consumer: 13%</li><li>Healthcare: 12%</li><li>Industrials: 7%</li><li>Real Estate and Construction: 3%</li><li>Education and Government: 3%</li></ul><p><strong>&gt;</strong> 10 new companies joined the lists since August 2022:</p><p>Private:</p><ul><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/treasury-prime/">Treasury Prime</a> (YC W18) - Embedded banking software platform and marketplace</li><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/onesignal/">OneSignal (YC S11) - Engage customers through personalized omni-channel messaging</li><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/skill-lync/">Skill-lync (YC W19) - Online engineering college for India</li><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/tigereye/">TigerEye (YC S22) - Modern enterprise software for sales leaders</li><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/zeitview/">Zeitview (YC W15) - Inspection software for renewable energy &amp; sustainable infrastructure</li><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/ontop/">OnTop (YC W21) - A bank for remote workers connected to payroll</li><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/obie/">Obie (YC S19) - Insurance and risk management for landlords</li><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/nabis/">Nabis (YC W19) - The largest licensed cannabis wholesale platform</li></ul><p>Public:</p><ul><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/presto/">Presto (YC S10) - Digital meets physical for big chain restaurants</li></ul><p>Exits:</p><ul><li><a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/nurx/">NURX (YC W16) - Medicine or testing kit, prescribed online, and delivered to your door </li></ul><p>One thing to note is that this is not an exhaustive list of YC’s top companies. We allowed founders to opt out of being listed for any reason. The full list of YC companies can be found <a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/">here. </p><p>Congrats again to the companies recognized on the 2023 YC Top Companies list!</p>","comment_id":"63f91878d2b0220001e8d6e9","feature_image":"/blog/content/images/2023/02/BlogTwitter-Image-Template.png","featured":true,"visibility":"public","email_recipient_filter":"none","created_at":"2023-02-24T12:05:12.000-08:00","updated_at":"2023-03-16T09:44:58.000-07:00","published_at":"2023-02-27T09:00:00.000-08:00","custom_excerpt":"There are now 16 public YC companies, 290 private YC companies and 33 exits that are valued at over $150M, and over 80 that are worth more than $1B.","codeinjection_head":null,"codeinjection_foot":null,"custom_template":null,"canonical_url":null,"authors":[{"id":"61fe29e3c7139e0001a7106f","name":"Y 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