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The accelerator, which invests $120 000 in return for seven percent equity in selected startups, made the announcement on Monday last week.
On its website the accelerator notes that sometime between late October and early December, it will invite the best startups to meet with its representatives in Mountain View (Silicon Valley), California where it will then select the companies it will invest in.
Y Combinator invests $120 000 in return for seven percent equity
The founding teams of the selected startups will be expected to relocate their companies to San Francisco’s Bay Area. YC will assist founders in creating a US company into which the accelerator will invest in.
Members of the winter 2019 funding cycle can expect to attend weekly dinners where they will meet startup experts. In addition, during the three months, founders will be introduced to other individuals — including members of the YC alumni network — who will further advise the startups.
Last week we learnt that Nigerian logistics startup Kobo360 had been selected to join Y-Combinator’s 2018 summer cohort.
Who knows, it could be your startup being selected to join the next funding cycle. Keen to give it a go? Then read this guide on what the accelerator looks for in successful submissions.
Featured image: Y Combinator via Twitter