by Michael Seibel4/5/2023
For the Winter 2023 batch, we received over 20,000 applications from founders around the world and funded 282. Smart founders know now is a great time to start a startup.
Today, these founders will present their companies to an invite-only audience of investors at our 36th Demo Day. Here’s what we saw in the W23 batch:
86% of W23 founders lived in the Bay Area. The batch kicked off with an in-person retreat, followed by weekly meetups in San Francisco. Though most founders spent the batch in the Bay Area, the program was still remote friendly, with batch talks and office hours hosted online.
YC Winter 2023's 282 companies were divided into sections of 7-10 companies, which were led by 19 group partners and visiting group partners and organized by vertical.
The most common themes of this batch were open source, dev tools, and AI, and company verticals broke down as follows:
Here is the demographic breakdown* for the W23 batch:
Additionally, 17% of the companies have a woman founder and 8% of the founders are women.
Michael Seibel is a Group Partner and Managing Director, Early Stage at YC. He was the cofounder and CEO Justin.tv and Socialcam. Socialcam sold to Autodesk in 2012 and Justin.tv became Twitch.