Twice a year, Y Combinator holds special events called Demo Day, when its most recent batch of startups present to a packed room full of top investors. It’s the grand finale of the program, where entrepreneurs have a few minutes to show off what they’ve built in the hopes of raising a seed round to help their companies stay afloat for at least a few more months (and hopefully much longer).
Of course, Demo Day is a bit different from what it was a year or two ago. The spectre of a $0 bank account is further off, as Y Combinator companies are now being offered $150,000 in convertible debt by Start Fund, the fund created by Yuri Milner and Ron Conway’s SV Angel. And there are now more companies than ever "” 43 companies presented during Demo Day this afternoon, which means they’re each given a bit less time.
But the spirit is still the same. It’s a whirlwind introduction to some of the most promising tech startups around, and investors are so eager to attend that Y Combinator has had to start offering two Demo Days per session. The investors at today’s session (which is generally more desirable than day two) had something special in common: YC cofounder Paul Graham announced that all investors in attendance had previously invested in a Y Combinator company.
We’ve already covered many of the companies that presented today (and most of the others were off the record). Here’s a handy list of links to our past coverage.
CrunchBase InformationY CombinatorInformation provided by CrunchBase
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