Y Combinator Will Now Accept Late Applications
ycombinator.posterous.com
ycombinator.posterous.com
"If you apply on time, all 4 YC partners will definitely read your application. If you apply late, our employee will skim through it to see if it looks promising, and only if he thinks it does will any of us even see it."
Think: you know who will initially vet your application (as opposed to the normal process) so you can think how to hook him in. And if you successfully do so your now "recommended" to one of the partners.
Could be an advantage for a smart thinking founder :)
>we say that "groups that apply early have a significant advantage." We're referring to Harj, who has already started to engage with groups that seem promising.
Sounds like he's reading the apps and contacting groups if he thinks anything is unclear. All 4 YC partners read them all, at least officially.
As volume of applications gets even more ridiculous, I could forsee a future where he screens them all and marks them either "skim" or "read", where skim means "I'm pretty sure they have no hope, just skim it it make sure I didn't miss anything" and read means "I'd definitely consider interviewing them." but they're probably reluctant to do that since it's important that they get the best groups possible, and I highly doubt they'd do that on harj's first cycle. They'll have to be really comfortable with his judgment before they let him prejudice their readings of applications.
Or am I reading too much into this?
But by moving the deadline earlier, they made the problem that much worse, which got them thinking about the problem, which lead them to decide on this approach.
Or how about this: iPad software that contains the instruction manuals for like every electronic device ever (TVs etc).
Or the simplest, yet best of all: iPad software that, after you weigh yourself, you tap once on it to say how much you weigh. Over the course of the day, it tells you when to stop eating to reduce weight. After a meal, you tap what you just ate (chicken wings) and it adds to your calories.
If I were applying for YC I'd go for that 3rd one. Feel free to use these ideas, I'm not going to make them myself.
The way early-stage companies sometimes get around this is to allow user-uploads, and then close their eyes and humm to avoid knowing what's in them. See: Youtube, Scribd.
Staging all the funding opps is a great idea, but as you point out, it sucks to have to wait six months. I hope this makes for a good compromise for everybody concerned.
edit - clarity
As for "doesn't really require any funding", the money represents the least important reason to work with Y Combinator. We didn't apply because we thought $17k would make the difference between our business succeeding or failing. We applied because we want the business guidance, connections, meetings, resources, investor days, and the opportunity to work on our project full-time distraction-free.
So, really, apply. :)