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.
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
by Anu Hariharan4/26/2021
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.
2020 — Year in Review
by Geoff Ralston12/22/2020
In early 2020 the entire world underwent a transformation. The planet wasconsumed by a pandemic that altered life as we knew it. Most of our normalroutines changed immediately. At YC, like most businesses, we closed ouroffices. We were forced to rethink the end of our Winter 2020 batch and transformed its demo day to anonline-only event.
Reimagining B2B Commerce with Faire
by Anu Hariharan7/24/2020
COVID-19 has accelerated the digitization of commerce globally. In the US,e-commerce penetration increased from 16% at the end of 2019 to 27% in April 2020. While most of the news covering the pandemic’s impact on commercehas highlighted the growth in business to consumer (B2C) e-commerce, little hasbeen said about how business to business (B2B) commerce has changed. This focuson B2C makes sense.
Pinduoduo and The Rise of Social E-Commerce
by Anu Hariharan5/6/2020
Across the globe, as the novel coronavirus moves us from communal spaces intothe confinement of our homes, our social experiences are forced to adapt. Beyondthe social networks we already know and use, we are finding new ways tointegrate social into our online lives. At Y Combinator, we are considering whatthis might mean for the future of e-commerce. For several years, we have had oureye on Pinduoduo as an interesting case study.