new standard deal</a>.</p><p>We will be offering an early deadline again this batch for founders who need early access to YC advice and resources. The early deadline is <strong><strong>January 31 at 8pm PT</strong></strong>, and we will be holding interviews in mid-February and early March. The founders who tend to get the most out of the early deadline are those who are actively fundraising; they benefit from advice on terms, investors, and timing before signing anything.</p><p>If you’re not sure whether you should apply early, you’re probably better off waiting until the regular deadline: <strong><strong>March </strong>24<strong> at 8pm PT</strong></strong>.</p><p>Whether you apply by our early deadline or our regular deadline, the latest you’ll hear back from us with a decision is <strong><strong>May 19</strong></strong>. The reason this is a ways away is because we know how much can change in a matter of months, and we want to give founders the option to update their applications. But if there are timing considerations we should be aware of, please make a note on your application. We’re happy to give you an answer sooner if you need it.</p><p>Apply early for the YC Summer 2022 batch <a href=https://www.ycombinator.com/"https://www.ycombinator.com/apply/">here.","comment_id":"61e645f0144a7c0001fe157e","feature_image":"/blog/content/images/2022/01/Accepting-applications.png","featured":false,"visibility":"public","email_recipient_filter":"none","created_at":"2022-01-17T20:45:36.000-08:00","updated_at":"2022-02-17T12:31:41.000-08:00","published_at":"2022-01-11T20:45:00.000-08:00","custom_excerpt":"The Winter 2022 batch is underway, and we’re excited to announce that we’re now accepting applications for Summer 2022. We will invest a total of $500,000 in every company accepted into the batch as part of our new standard deal.","codeinjection_head":null,"codeinjection_foot":null,"custom_template":null,"canonical_url":null,"authors":[{"id":"61fe29e3c7139e0001a710c8","name":"Stephanie Simon","slug":"stephanie","profile_image":"/blog/content/images/2022/02/steph-af6b11e61b7a3c55b099c780fe0a359236ceaab496850b530d178aedb8cefb2c.jpg","cover_image":null,"bio":"Stephanie Simon is the Head of Admissions at Y Combinator. \n\nPrior to YC, she was a software engineer at Earnest and co-founded Murmur, a venture-backed local search startup.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/stephanie/"}],"tags":[{"id":"61fe29efc7139e0001a7117d","name":"Admissions","slug":"admissions","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/admissions/"},{"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/"}],"primary_author":{"id":"61fe29e3c7139e0001a710c8","name":"Stephanie Simon","slug":"stephanie","profile_image":"https://ghost.prod.ycinside.com/content/images/2022/02/steph-af6b11e61b7a3c55b099c780fe0a359236ceaab496850b530d178aedb8cefb2c.jpg","cover_image":null,"bio":"Stephanie Simon is the Head of Admissions at Y Combinator. \n\nPrior to YC, she was a software engineer at Earnest and co-founded Murmur, a venture-backed local search startup.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/stephanie/"},"primary_tag":{"id":"61fe29efc7139e0001a7117d","name":"Admissions","slug":"admissions","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/admissions/"},"url":"https://ghost.prod.ycinside.com/now-accepting-applications-for-yc-summer-2022/","excerpt":"The Winter 2022 batch is underway, and we’re excited to announce that we’re now accepting applications for Summer 2022. We will invest a total of $500,000 in every company accepted into the batch as part of our new standard deal.","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},"mentions":[],"related_posts":[{"id":"63ed7c5ebb97530001aa5cd2","uuid":"c2766136-77ff-4a0c-9a1f-9d50f593e6b9","title":"Why would you start a startup in an economic downturn?","slug":"why-would-you-start-a-startup-in-an-economic-downturn","html":"<p>There will likely be a recession in 2023, and the major downsides to starting a startup are obvious: There is less money in the system so selling and fundraising are harder; investors have less money to invest and companies have less money to spend on products.</p><p>But these are also reasons it’s an especially good time to start a startup, especially with YC.</p><p>Cost-sensitive customers can be helpful in the early days of your company. If they pay you in this tough environment, it's a stronger signal. There’s a higher likelihood you’re building something they really want.</p><p>And though our <a href=https://www.ycombinator.com/"https://www.ycombinator.com/deal/">new standard deal</a> of $500,000 gives you some slack, you will likely have to develop very smart habits around spending because fundraising is harder. Learning how to <a href=https://www.ycombinator.com/"http://www.paulgraham.com/aord.html/">stay alive</a> is arguably the most important skill you can have as a founder.</p><p>I don’t think it’s a coincidence that two of the top YC companies, Airbnb and Stripe, were started in the depths of the last recession (2009).* They learned how important it is to build something people want and not assume investors will be there to save them early on.</p><p>None of this is new. It’s common knowledge, especially in the tech community, that many successful startups were created during recessions (just search “startups + recession” and you’ll find a bunch of articles), which may be one reason we’ve seen high numbers of applications from founders leaving their big tech company jobs, especially in the last couple of months.</p><p>If running a startup is like commanding an army, then YC is elite basic training. You’ll learn how to navigate the challenges (or realize you’re not up for it) when your company is small and with the support of advisors and YC batchmates. You’ll build a solid foundation of learning how to build something people want and staying alive. </p><p>The YC training prepares you by default for succeeding through recessions. And it’s easier to internalize that training today when the macroenvironment supports it. The alternative is learning it on the battlefield when the stakes are way higher — when you’ve already raised money and have employees who depend on you. </p><p>As YC founder Paul Graham <a href=https://www.ycombinator.com/"http://www.paulgraham.com/die.html/">wrote, “Bad shit is coming. It always is in a startup.” If you’re interested in starting a startup, we’re entering a counterintuitively good time to do it. It won’t be easy, but if you get through the early days, you’ll be better prepared than most. And if the challenge excites you, you probably have the right personality for it.</p><p>*Their products were also tailored to a cost-sensitive environment. Stripe made it easier for brick-and-mortar businesses to cut costs by selling online and Airbnb created a new income stream for hosts and lower-priced accommodations for travelers.</p>","comment_id":"63ed7c5ebb97530001aa5cd2","feature_image":"/blog/content/images/2023/02/stephblog.png","featured":true,"visibility":"public","email_recipient_filter":"none","created_at":"2023-02-15T16:44:14.000-08:00","updated_at":"2023-02-21T08:30:00.000-08:00","published_at":"2023-02-21T08:30:00.000-08:00","custom_excerpt":"In an economic downturn, there are obvious downsides of starting a startup — but there are also powerful upsides; because to survive, you have to *actually* build something people want.","codeinjection_head":null,"codeinjection_foot":null,"custom_template":null,"canonical_url":null,"authors":[{"id":"61fe29e3c7139e0001a710c8","name":"Stephanie Simon","slug":"stephanie","profile_image":"/blog/content/images/2022/02/steph-af6b11e61b7a3c55b099c780fe0a359236ceaab496850b530d178aedb8cefb2c.jpg","cover_image":null,"bio":"Stephanie Simon is the Head of Admissions at Y Combinator. \n\nPrior to YC, she was a software engineer at Earnest and co-founded Murmur, a venture-backed local search startup.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/stephanie/"}],"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":"61fe29efc7139e0001a7116d","name":"Essay","slug":"essay","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/essay/"},{"id":"61fe29efc7139e0001a7117d","name":"Admissions","slug":"admissions","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/admissions/"},{"id":"63ed8ba5bb97530001aa5ced","name":"#271","slug":"hash-271","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":"63ed8ba5bb97530001aa5cee","name":"#240","slug":"hash-240","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":"61fe29e3c7139e0001a710c8","name":"Stephanie Simon","slug":"stephanie","profile_image":"https://ghost.prod.ycinside.com/content/images/2022/02/steph-af6b11e61b7a3c55b099c780fe0a359236ceaab496850b530d178aedb8cefb2c.jpg","cover_image":null,"bio":"Stephanie Simon is the Head of Admissions at Y Combinator. \n\nPrior to YC, she was a software engineer at Earnest and co-founded Murmur, a venture-backed local search startup.","website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/stephanie/"},"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/why-would-you-start-a-startup-in-an-economic-downturn/","excerpt":"There will likely be a recession in 2023, and the major downsides to starting a startup are obvious: There is less money in the system so selling and fundraising are harder; investors have less money to invest and companies have less money to spend on products.","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},{"id":"630443393abd0500014104a3","uuid":"4fa89c7a-9b83-4f2c-b726-9579cf112db5","title":"Y Combinator Top Companies - August 2022","slug":"y-combinator-top-companies-aug-2022","html":"<p>Today we’re excited to release an update to the <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/">YC Top Companies</a> list. </p><p>The list includes private and acquired companies valued at $150M or more as of July 31, 2022, and is sorted by valuation (YC’s public companies are featured <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/public/">here). </p><p>We’ve also published an update to the <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/breakthrough/">YC Breakthrough Companies</a> list which highlights fast-growing companies that have received significant additional investment from YC. You can read more about some of the Breakthrough Companies <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/featured/">here, and congrats to <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/breadfast/">Breadfast, the newest Breakthrough addition.</p><p>Here are some stats about the August 2022 YC Top Companies list:</p><ul><li>There are now 15 <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/public/">public YC companies, 316 private YC companies that are valued at over $150M, and over 80 are valued at over $1B.</li><li>63 companies have been added to the list since our last update in February 2022.</li><li>76% of the companies consider themselves remote or remote friendly. 59% have an HQ located in the Bay Area.</li><li>YC W16 has the largest percentage of companies from their batch on the YC Top Companies list. See the YC W16 companies <a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies?batch=W16&top_company=true\%22>here.
Here%e2%80%99s a sector breakdown of our Top Companies:</p><!--kg-card-begin: markdown--><p>B2B Software and Services: 43.3%<br>\nHealthcare: 11.5%<br>\nEducation: 2.7%<br>\nConsumer: 13.3%<br>\nFinancial Technology: 18.8%<br>\nReal Estate and Construction: 3.0%<br>\nIndustrials: 7.0%<br>\nGovernment: .3%</p>\n<!--kg-card-end: markdown--><p>Congrats to all of the YC founders who are building these amazing companies! <br><br>Meet some of the <a href=https://www.ycombinator.com/"https://www.ycombinator.com/topcompanies/featured/">featured companies</a> on the list and learn more about the founders, their missions, and the predictions they have for the future. To see a full list of YC companies, visit the <a href=https://www.ycombinator.com/"https://www.ycombinator.com/companies/">YC Startup Directory</a>.</p>","comment_id":"630443393abd0500014104a3","feature_image":"/blog/content/images/2022/08/BlogTwitter-Image-Template.png","featured":true,"visibility":"public","email_recipient_filter":"none","created_at":"2022-08-22T20:02:17.000-07:00","updated_at":"2022-08-23T09:32:07.000-07:00","published_at":"2022-08-23T08:55:00.000-07:00","custom_excerpt":"Today we’re excited to release an update to the YC Top Companies list. There are now 15 public YC companies, 316 private YC companies that are valued at over $150M, and over 80 are valued at over $1B.","codeinjection_head":null,"codeinjection_foot":null,"custom_template":null,"canonical_url":null,"authors":[{"id":"61fe29e3c7139e0001a7106f","name":"Y Combinator","slug":"yc","profile_image":"/blog/content/images/2022/02/yc.png","cover_image":null,"bio":null,"website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/yc/"}],"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":"61fe29efc7139e0001a71170","name":"Startups","slug":"startups","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/startups/"},{"id":"61fe29efc7139e0001a71181","name":"YC Continuity","slug":"yc-continuity","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-continuity/"},{"id":"61fe29efc7139e0001a71152","name":"Founder Stories","slug":"founder-stories","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/founder-stories/"},{"id":"63041deb3abd05000141049b","name":"#12903","slug":"hash-12903","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":"61fe29e3c7139e0001a7106f","name":"Y Combinator","slug":"yc","profile_image":"https://ghost.prod.ycinside.com/content/images/2022/02/yc.png","cover_image":null,"bio":null,"website":null,"location":null,"facebook":null,"twitter":null,"meta_title":null,"meta_description":null,"url":"https://ghost.prod.ycinside.com/author/yc/"},"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/y-combinator-top-companies-aug-2022/","excerpt":"Today we’re excited to release an update to the YC Top Companies list. ","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.
The Winter 2022 batch is underway, and we’re excited to announce that we’re now accepting applications for Summer 2022. The summer batch will be remote with some optional in-person components depending on the pandemic. We will invest a total of $500,000 in every company accepted into the batch as part of our new standard deal.
We will be offering an early deadline again this batch for founders who need early access to YC advice and resources. The early deadline is January 31 at 8pm PT, and we will be holding interviews in mid-February and early March. The founders who tend to get the most out of the early deadline are those who are actively fundraising; they benefit from advice on terms, investors, and timing before signing anything.
If you’re not sure whether you should apply early, you’re probably better off waiting until the regular deadline: March 24 at 8pm PT.
Whether you apply by our early deadline or our regular deadline, the latest you’ll hear back from us with a decision is May 19. The reason this is a ways away is because we know how much can change in a matter of months, and we want to give founders the option to update their applications. But if there are timing considerations we should be aware of, please make a note on your application. We’re happy to give you an answer sooner if you need it.
Stephanie Simon is the Head of Admissions at Y Combinator.
Prior to YC, she was a software engineer at Earnest and co-founded Murmur, a venture-backed local search startup.