Summary
Highlights
Garry Tan introduces three key tips for a better Y Combinator application. As a former YC partner who worked with over 700 companies, he highlights the importance of applying to YC as a great starting point for a company.
Applicants should demonstrate their progress rather than just explain it. This includes showing specific user stories, actual products, active users, and especially paying customers. The application should also convey the market opportunity, aiming to show how the business can achieve $100 million in annual revenue within 5-10 years to appeal to venture investors.
Garry advises against using industry jargon or buzzwords. Y Combinator values clear, plain English to understand the core problem, solution, and what makes the startup unique. A great pitch should be simple and understandable, even if it describes a large idea.
Drawing from his experience with high school newspapers, Garry suggests structuring the application like an inverted pyramid: start with the conclusion and then provide supporting proof. This allows readers to quickly grasp the main point and efficiently determine if it's compelling, respecting their time.
Garry offers to review YC applications. Applicants can submit their Google Doc application via bit.ly/garrytan-ychelp for his comments. He emphasizes his commitment to being a resource for aspiring YC founders.