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August 24, 2011 09:25 am GMT
This afternoon Y Combinator kicked off the summer session of Demo Day, the twice-a-year event where the prestigious startup incubator showcases its latest batch of companies in front of a throng of investors.And wow, was this one a doozy. 63 companies " easily besting Y Combinator's previous record of 43 " took the stage today for rapid-fire, 2 minute presentations that lasted three and a half hours, including some brief breaks. As usual, dozens of top investors from around Silicon Valley filled the hall (with a lengthy wait list for those who didn't sign up in time), and they didn't come away disappointed.Though there were more companies than ever, the quality was still very high " I suspect this batch will have more home runs than any previous batch. Y Combinator cofounder and partner Paul Graham said that the acceptance rate was still a low 3%, but that the incubator is now receiving a huge number of applications, many of which are promising " hence the increased class size. In light of the growth of the program, Y Combinator decided to knock down a wall in their building and boost the size of their event room. It is a welcome upgrade.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jTWZudLM1GA/
Y Combinator Demo Day: The Ultimate Roundup
This afternoon Y Combinator kicked off the summer session of Demo Day, the twice-a-year event where the prestigious startup incubator showcases its latest batch of companies in front of a throng of investors.And wow, was this one a doozy. 63 companies " easily besting Y Combinator's previous record of 43 " took the stage today for rapid-fire, 2 minute presentations that lasted three and a half hours, including some brief breaks. As usual, dozens of top investors from around Silicon Valley filled the hall (with a lengthy wait list for those who didn't sign up in time), and they didn't come away disappointed.Though there were more companies than ever, the quality was still very high " I suspect this batch will have more home runs than any previous batch. Y Combinator cofounder and partner Paul Graham said that the acceptance rate was still a low 3%, but that the incubator is now receiving a huge number of applications, many of which are promising " hence the increased class size. In light of the growth of the program, Y Combinator decided to knock down a wall in their building and boost the size of their event room. It is a welcome upgrade.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jTWZudLM1GA/
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