Y Combinator provides seed funding for startups. Seed funding is the earliest stage of venture funding. It pays your expenses while you’re getting started. They make small investments in return for small stakes in the companies we fund.
Y Combinator is a venture fund which focuses on seed investments to startup companies. It offers financing as well as business consulting. On 30 July 2016 Y Combinator announced that it has made a change in how investors can meet with startups participating in its program.
In an email sent out to investors,chief operating officer Qasar Younis shared that there will be an “Investor Day” that gives venture capitalists more face-to-face time with interesting companies. This is considered an experiment and isn’t guaranteed to be a standard for the future.
Investors can indicate their preferences by tapping on a “request to meet” button on the event app. During Y Combinator’s demo days, According to their own criteria can rank accordingly from the list which received by founders of those investors receive who wish to meet with them.
Y Combinator’s software will produce a schedule for “Investor Day.”
Each startup will meet between 10 to 15 investors, and each meeting will last 20 minutes. Only those investors in attendance during demo day will be able to participate in this. However, an investing or general partner is needed for the meeting or else it will be canceled.
Younis explained that this new format “streamlines what is already happening in a less efficient way for weeks after every Demo Day with investors and founders driving up and down the valley to meet in office parks and coffee shops.
It is a latest experiment by Y Combinator’s and the goal is to provide a relaxed time that gives investors a single place to meet with all of the startups they’re interested in within a day without having to sort through schedules.
It also benefits founders, who can show off their work to a maximum number of investors.