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Founder guide · Checked 12 November 2026

How Y Combinator invests, runs batches, and selects startups

Y Combinator (YC) invests $500,000 in startups accepted into its program. It runs three-month batches in San Francisco, with applications open year-round for future cycles.

By the StartupReader guides desk · 4 min read · Built from 4 official pages and re-checked monthly. Independent; not affiliated with the program.

At a glance2026

Y Combinator

Investment per company
$500,000
Equity taken by YC
7%
Batch duration
3 months
Winter 2027 deadline (PT)
November 2
Y Combinator at a glance: Investment per company: $500,000; Equity taken by YC: 7%; Batch duration: 3 months; Winter 2027 deadline (PT): November 2.

What Y Combinator invests

YC invests $500,000 in every company it accepts. The investment is made on two SAFEs: $125,000 for 7% equity and $375,000 on an uncapped Most Favored Nation (MFN) SAFE.

The $125,000 converts into 7% of the company after all SAFEs convert in a priced round. The $375,000 MFN SAFE converts on the terms of the lowest cap SAFE issued between the batch start and the priced round.

YC also gets a pro rata right to invest in future rounds to maintain its ownership stake. The investment is not contingent on hitting milestones and is committed the day a company is accepted.

How YC batches work

The Winter 2027 batch will take place in San Francisco.

The batch starts with a 3-day in-person kick-off and includes weekly meetups in San Francisco. Founders work with a dedicated YC General Partner and join a small group of companies for dinners and collaboration.

During the batch, founders hear from eminent speakers like the founders of OpenAI, Airbnb, Stripe, and Doordash. YC also introduces founders to investors toward the end of the batch to help raise additional funds.

Application deadlines and decisions

The deadline for the Winter 2027 batch was November 2 at 8pm PT. Late applications are still accepted but may take longer to review. On-time applicants hear back by December 11.

If you apply after the deadline, YC will still consider your application but cannot promise a specific response time. Most late applications get a decision within a month, though some may take longer.

You can apply to future batches now through the Early Decision option. This is common for founders who are students or need more time to prepare.

What the YC interview is like

If your application is promising, YC will invite you to interview. Most interviews are held by video conference in November and December for the Winter batch.

You’ll hear back within 24 hours after the interview. If YC decides not to fund you, they will explain why.

YC partners read applications separately to avoid groupthink. They look for matter-of-fact answers, founder achievements, and insight into the problem you’re solving.

What founders get from YC

Every YC company gets access to $12M+ in free credits and deals from partners like OpenAI, AWS, Google Cloud, Stripe, and Anthropic. Founders also get a dedicated General Partner for mentorship.

YC continues to help founders for the life of their company, even after the batch ends. The program is optional, and founders choose how to spend their time to maximize their startup’s success.

Who can apply to YC

You don’t need to incorporate before applying, but if accepted, you’ll need a parent company in the US, Canada, Cayman Islands, or Singapore.

Founders can be solo or have co-founders. YC regularly accepts solo founders but recommends having a co-founder for better odds of success. You can use YC’s Co-founder Matching tool to find one.

About 40% of funded companies are just an idea, while 7% of recent batches had over $50k in monthly revenue when accepted.

How to write a strong YC application

Start with a matter-of-fact answer to “What is your company going to make?”

Highlight something impressive each founder has built or achieved. Specific examples are more convincing than generic claims.

Statistically, applicants who submit a video are more likely to get an interview. Cross out every unnecessary word in your application before submitting.

Step by step

Y Combinator, step by step

  1. Submit your application online

    Go to YC’s application page and fill out the form. You can apply for the current batch or future batches. If you’re not ready, sign up for reminders.

  2. Prepare for the interview if invited

    If selected, you’ll interview via video conference.

  3. Incorporate if accepted

    If accepted, YC will help you incorporate in the US, Canada, Cayman Islands, or Singapore. If you’re already incorporated elsewhere, you’ll need to create a parent company in one of these jurisdictions.

Go to the official Y Combinator page ↗

FAQ

Y Combinator: questions founders ask

Do I need to move to San Francisco for YC?

Yes. The batch is in-person in San Francisco, starting with a 3-day kick-off. After the batch, you can relocate anywhere.

Can I apply if I’ve already raised funding?

Yes. YC’s investment is not a down-round if you’ve raised at a higher valuation.

What if my application is late?

Late applications are still considered but may take longer to review. Most get a decision within a month, but YC cannot guarantee a specific timeline.

Can I apply more than once?

Yes. About half of YC companies applied multiple times before being accepted. Progress since your last application is a strong signal.

Do I need a technical co-founder?

The founding team should have the skills to build the product themselves. YC’s Co-founder Matching tool can help you find one.

What if I’m on a visa?

YC works with immigration attorneys to help founders get visas. If accepted, they’ll connect you with an attorney to develop an individualized plan.

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Official sources for this guide

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How this guide was made: StartupReader wrote it with AI from the official pages above, read on 12 November 2026. Every figure and name in it was checked automatically against those pages, and anything they don't support was left out. It's re-checked every month. It isn't affiliated with the program. Spotted something out of date? Tell us.