FREQUENTLY ASKED QUESTIONS
If you’re not currently working on a startup, you are more than welcome to audit the course and have full access to all of the answer.
Companies must participate and complete the course to be eligible for the grant; this requirement means that companies must complete 8 out of 10 weekly company updates as dictated by the course, and attend and participate in 8 out of 10 weekly group sessions. Additionally, to be eligible companies must apply to Y Combinator’s core program by completing the application on our website, located at www.ycombinator.com. Applicants who are accepted to the core program will not be eligible for the $15K grant. What it means to be a “promising” company is based on a significant number of variables. In addition to your engagement in the course, the criteria which we use to determine what companies will receive the grant is as follows: 1) whether a company has revenue, or has prospects for revenue in the near term; 2) whether a company’s business is growing as measured by increase in users, increase in revenues, progress in bookings, or improvement in company objectives; 3) whether the company’s business is scalable; 4) whether there is a reasonable path for the company’s business to become a billion-dollar company; and 5) the feasibility of implementing the company’s proposed business objectives. Each of the criteria is weighted equally.