Y Combinator’s online Startup School was available this year to anyone and everyone Startup School is a free, 10-week, online course designed for any startup founder who would like to get help through the earliest, most difficult challenge of starting a company.
This year it was open not just to selected applicants but to any and every single applicant (some 15,000). And for the first time ever, $10,000 in equity-free funding was being offered to 100 of the most promising companies that join and complete the course. Those companies would also receive a video interview with a YC partner later in the year for advice or aid in applying to a future YC batch.
‘The most important thing is that you will have a group of fellow founders to connect with so you can support one another. Unfortunately, we’re still constrained by number of advisors who volunteered to lead each group, which means some groups won’t have an advisor. But having peers in a batch is what founders tell us is truly special about YC. We’re going to give you instructions on how to organize the group yourself and get nearly the same experience.’
Founders could choose to join the Startup School community and meet with an advisor on a weekly basis, or to simply follow along with the course by watching the lectures and materials. In both cases, the class was completely free.
Startup School lectures are delivered live in Mountain View, California at Y Combinator’s headquarters and then made available for viewing online. The speakers include YC co-founder Paul Graham, YC Partners like President Sam Altman and CEO Michael Seibel, as well as notable founders from the startup community.
Last year, over 13,000 companies applied to participate in Startup School, and 95 YC alumni volunteered their time to advise over 2,800 of those companies participating across 141 countries.
Throughout the 10 weeks, founders built their products, talked to users, created local communities, and launched their companies. 1,587 (56%) of the companies completed the course, and, since then, 38 of them have been accepted to the core Y Combinator program and received YC funding.
Stripe (‘online payment processing for internet businesses’) was giving startups discounted payment processing and an invitation to Stripe Atlas to incorporate and open a company bank account.
In addition, startups would have full access to deals and credits to a variety of other services, including Amazon Web Services, Google Cloud and Clerky.
Y Combinator’s goal is to help everyone, regardless of who or where they are, to start their startup. The materials from this year’s Startup School, like those from previous years, will remain online after the course finishes as a permanent resource for all startup founders.
John Whatmore, October 2018