At the end of the day, though, I just can’t imagine their business model succeeding, Great Recession or not. I think what you’re saying is true in the best run businesses, but that’s not what we’re seeing right now. We’re seeing cuts from business that were hiring like crazy a few weeks ago. I’d be working on my résumé on the “work” day when that’s announced, for sure. Something to think about on the next weeks and months, especially with a family and commitments.

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  • That said, our advice remains that one-person startups are tough and you’re more likely to succeed with a cofounder.
  • And Bespoke, an American B2B BNPL, focuses specifically on cannabis businesses, utilizing knowledge of specific regulatory and financing hurdles to target the niche market.
  • This also dramatically increase startup confidence level in the eyes of investors.
  • Inflation, interest rates, and growth are complex relationships.
  • At the end of the day, though, I just can’t imagine their business model succeeding, Great Recession or not.

Famed accelerator hopes to make it easier for founders to find each other. Software recruiting, product management, UI/UX design, content writing; you name it, Jennifer’s done it. Jennifer holds an MSc in Digital Anthropology from University College London.

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Here’s the application that got InEvent into Y Combinator. Read InEvent’s original application to Y Combinator below. As of January 2020, according to Góes, 2.9 million people had registered for 19,700 events through InEvent. The team’s goal was to become a “commonplace solution” for event planning, Góes said, so that a marketing manager at any organization wouldn’t think twice about using InEvent. I know that you will have to give up some percentage points of your company in order to participate in the program.

Batch 1

Hariharan and Rowghani typically invest $20 million to $100 million into Series B companies and beyond. In some cases, Continuity puts in as much as $200 million to $300 million across rounds in valuations up to $15 billion, per Hariharan. Just a few months later, Adam Wiggins matriculated to Y Combinator along with his cofounders.

Have More Than One Founder Or At Least Be Looking For One

I’m not saying they are bad companies to take a gamble on, but understand they were/are a gamble. VC money suddenly drying up was part of the that gamble. The CEO should be able to spreadsheet an argument at the all hands meeting to the remaining employees that they are now profitable and/or have 48 months of runway. Of course, employees are always unrestricted free agents. They can weigh this with the prevailing economic outlook and make their own decisions. Remember, YC’s letter is to founders and not employees.

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Unless you’re a natural-born speaker, it’s probably a good idea to practice to keep your answers sharp. Nobody is expecting perfect answers, but you should be articulate enough to sell your vision in 10 minutes. There’s a lot of fake news about the Y Combinator application process. We’ve been friends for over two years and have dated for one year. In practice it has not turned out to be a problem, because most big markets have room for several slightly different solutions, and it’s unlikely that two startups would do precisely the same thing.

If there are multiple founders, be sure to give the proposed equity ownership of each founder. Slite gives your team one place to share ideas, collect knowledge and stay in tune across time and space. A platform that allows anyone to build live online trainings with built-in support for payment processing, live classes, and student management. Investing is a key part of life and of growing your personal wealth. And while many people use a personal stockbroker or have a comprehensive financial education to guide their investment strategy, most of us do not have either of those things. However, with advances in technology, anybody can get the intelligent investment help they need.