As incoming CEO Garry Ta prepares to take the reins of Y Combinator, it’s this alumni mafia that he plans to tap into. The next chapter of YC, as he sees it, is about harnessing the talent of its past in order to secure its place in the future.
about the grind of watching hundreds of companies speed-pitch across multiple Demo Days, and founders have mused about brand dilution. “For the founders, I would think it is much less enjoyable to be one of 220 startups than one of 64,” says Stross. In a larger batch, it’s simply harder to stand out.
But for Tan, growing cohorts reflect the growing success of the community. He says the YC experience is about “putting people in the room with each other” and letting the mafia work its magic. That will likely mean that future YC batches will return to San Francisco for more in-person events. “There is no replacement for being in person,” says Tan. While YC’s previous policy of relocating startups to San Francisco may be outdated—especially as Silicon Valley investors are increasingly looking to fund startups from outside the US—bringing people together on a regular basis is part of Tan’s plan. “Do you need to be in a particular place for 12 weeks? Maybe not,” he says.
Placing YC’s founders together in San Francisco again may also reinforce the accelerator’s network value. Tom Eisenmann, who teaches entrepreneurship at Harvard Business School, says that YC’s mentoring and investor introductions are what make it valuable to startups, and worth more than the $500,000 check. YC, like Harvard, is a place you go to for the doors it opens after you graduate.using its power to prevent competitors from succeeding. Tan says that’s not true.
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