For those of you who don’t know Y Combinator or YC for short is an incubator in Mountain View, CA which has funded and helped thousands of companies grow since its founding in 2005. Some of their alums include Airbnb, DropBox, and Reddit just to name a few. If you’re interested, a full list can be found on their website.
We started our journey over a year ago and have already had plenty of our own ups and downs. From incorporating as an LLC (bad move don’t do this) to backend technical hurdles which temporarily hurt our unit economics and even falling on our faces in front of one of our first customers, we’ve had plenty of mis steps along the way. In addition to the lows we’ve had plenty of highs including what is coming tomorrow.
A few months ago we applied to Y Combinator hoping but not expecting to get in. You know, “hope for the best and plan for the worst”. Well, last Wednesday we found out we were offered an interview (conveniently for us the only time slot available is tomorrow). So, we signed up and tomorrow, we’ve got our interview with Y Combinator to determine whether or not we’ll be pursuing that journey for the next three months.
In preparation for our interview we’ve emailed and talked with as many alums as we could get ahold of on short notice. We also tried to absorb as much content as possible from people posting their advice/experiences like Amy & Michael or Sam Altman. Probably the best things we did were review the Startup Library on Y Combinator’s site and spend days preparing/mock interviewing each other. The overall summary of the interview process is to focus on a few key points.
Keep answers short and sweet, you’ve only got 10 minutes
If you don’t know an answer say you don’t know
Show how this is a billion dollar idea and why you’re the team to execute on it
Show that while executing you’re going to be great to work with
Wish us luck and we’ll let you know how it goes!