Since 2005, Y Combinator has been assisting entrepreneurs with the earliest stages of turning a raw idea into something useful. The Mountain View, California-based accelerator makes a modest seed investment (now typically $120,000) in return for a small stake (7%) in a brand new company. More important, it offers a three-month Bay Area experience in which batches of founders receive advice from YC partners, outside guests, and fellow members of the batch; get assistance with essentials such as presentation skills and incorporation paperwork; and have the opportunity to pitch investors during a Demo Day.
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