Y Combinator

Michael Seibel is a Partner and the CEO of YC. He cofounded Justin.tv, which was in the Winter 2007 batch and Socialcam, which was in the Winter 2012 batch.For this episode we took questions from the internet. If you have questions for a future office hours episode, just tweet them our way.Read the transcript here.The YC podcast is hosted by Craig Cannon.We're accepting applications from startups for the Winter 2019 funding cycle. Apply here.Questions00:25 - Why is YC worth 7% of your company?6:25 - Generating leverage when fundraising12:07 - Youssef asks - How did you validate your product market fit?15:00 - LC Carrier asks - How does YC feel about companies who don't want to raise VC after the program?17:05 - Edmilson Rodrigues asks - Do companies need to be incorporated already to participate in YC?18:50 - Alex Rodriguez asks - What do you look for in startups that haven't had good growth but continue to push through (e.g. AirBnB) that makes you accept them?26:50 - Fedor Paretsky asks - Do you have te