Why would you work at a startup in an economic downturn?
Now is as good a time as any to start a startup – especially if you get into YC. But what about joining a startup in this economy? We’re obviously biased, but we think it’s a great time to join a startup too. Here are three reasons to consider.
Why would you start a startup in an economic downturn?
In an economic downturn, there are obvious downsides of starting a startup — but there are also powerful upsides; because to survive, you have to *actually* build something people want.
How to maintain engineering velocity as you scale
Faire’s engineering team grew from five to over 100 engineers in three years. Throughout this growth, we were able to sustain our pace of engineering execution by adhering to four guiding principles.
Monzo Makes Money Work For Everyone
Scaling a startup is hard. Scaling a startup bank is even harder. Scaling a consumer-focused financial platform—that is also now the primary bank account for millions of UK consumers—in the midst of a once in a century pandemic is close to impossible.
Gusto: The People Platform for SMBs
Historically, there has been an undeniable gap in business services in the US.There are nearly six million small and medium businesses (SMBs) in the country,employing 43 million people.1 But unlike their larger counterparts, SMBs havebeen ignored by service providers, who have deemed the cost of reaching andserving them too high to warrant the effort. As a result, SMBs have been forcedto cobble together off-the-shelf products, spreadsheets, and manual work to runtheir operations.
YC is CRISPR for Startups
by Geoff Ralston6/25/2021
Last week, we launched our Summer 2021 batch here at Y Combinator, the 33rdbatch since our founding in 2005. We are now funding hundreds of companies eachbatch, and I’ve been reflecting on how we work with those companies during thebatch and afterward, as they build their business.Over the years, I’ve found that there is a common misapprehension about what wedo at Y Combinator.
Brex: The Future of Business Finance and Cash Management
When Henrique Dubugras and Pedro Franceschi joined the YC W17 batch with an ideafor a VR startup, they quickly encountered a problem. They had applied for abusiness credit card to help fund software and other expenses and were denied.Business credit is traditionally underwritten based on the founders’ FICOscores. As international founders with less than a month of credit history,their chances of getting approved were slim to none, despite having $125K in thebank.It wasn’t just them.
Convoy: The Future of Truck Freight
by Anu Hariharan1/21/2021
Online marketplaces bring efficiency to traditional sectors. They offer a betteruser experience and increase margins for participants. They can accrue hugevalue by reducing friction and aggregating supply and demand — particularlybecause they have the ability to build network effects and economies of scale.