How to hack the YC application [startups]

Summary

In this video, Ahana shares her essential tips for applying to Y Combinator (YC), focusing on common mistakes and effective strategies. She highlights the importance of avoiding buzzwords, providing a strong TAM calculation, answering questions directly, demonstrating hustle, and offering unique insights in applications. Additionally, she recommends being clear and concise, crafting a strong one-liner, and showing traction and achievements. Ahana also advises applicants to have a YC alum proofread their application for valuable feedback. The video offers a comprehensive guide to improving YC applications and increasing chances of success.

Takeaways

• 😀 Avoid overusing buzzwords or jargon—YC prefers clear, simple explanations.
• 😀 Always provide a solid Total Addressable Market (TAM) calculation to show the potential of your startup.
• 😀 Answer every question directly and avoid getting sidetracked to ensure clarity.
• 😀 Highlight your hustle and ability to execute—show that you're someone who gets things done.
• 😀 Avoid generic responses; provide specific insights that demonstrate your unique approach.
• 😀 Be clear and concise—YC reviewers will appreciate straightforward communication.
• 😀 Craft a strong one-liner at the start to clearly communicate what your startup does.
• 😀 Think deeply about each answer—show how you approach problems and make data-driven decisions.
• 😀 Highlight your traction and achievements—demonstrate real progress and momentum.
• 😀 Ask a YC alum to proofread your application before submitting it—feedback from someone who has been through the process is invaluable.
• 😀 Keep in mind that YC values intellectual depth and problem-solving ability—demonstrate that you're capable of thinking critically and strategically.

Q & A

What is the primary goal of this video?

The video aims to share top tips for writing a successful Y Combinator (YC) application and to highlight common mistakes that founders should avoid.

What is a common mistake related to buzzwords in YC applications?

Using too many buzzwords is a common mistake. Founders may believe buzzwords make them sound more knowledgeable, but YC reviewers might not fully understand them. It's important to communicate ideas clearly and avoid jargon.

Why is it important to include a Total Addressable Market (TAM) calculation?

Including a TAM calculation is crucial because YC looks for startups with high growth potential. Without a clear TAM or with a weak market size estimation, your application may not demonstrate the scalability YC is looking for.

How can a lack of direct answers affect your YC application?

Not answering the questions directly can create a negative impression, suggesting either poor communication skills or the possibility of trying to hide something. YC wants founders who can clearly articulate their ideas and answer questions directly.

What does Ahana mean by 'evidence of hustle'?

Evidence of hustle refers to showing that you can get things done through sheer effort, persistence, and initiative, rather than relying on your university or job titles. YC values founders who have a track record of executing and delivering results.

How should founders avoid giving generic answers?

Founders should provide specific, unique answers that highlight their distinct situation. Generic answers fail to demonstrate why their startup is special or why they're uniquely positioned to solve the problem at hand.

What’s the best approach for crafting your YC one-liner?

The one-liner should be clear, concise, and descriptive, providing a snapshot of what your startup is building. A well-crafted one-liner grabs the reader's attention and sets the tone for the rest of the application.

What advice does Ahana give regarding clarity and conciseness in YC applications?

Ahana emphasizes the importance of being clear and concise. YC reviewers are reading many applications, so keeping your language simple and easy to follow helps make your application stand out. Avoid buzzwords, jargon, or acronyms.

Why should founders ask YC alumni to proofread their applications?

Asking YC alumni to review your application provides valuable insights from those who have already gone through the process. Alumni can offer feedback on how to improve your application and ensure it resonates with YC reviewers.

What does Ahana suggest to highlight in your YC application to stand out?

Ahana advises founders to highlight their traction and achievements, particularly demonstrating that they have delivered results quickly. YC values founders who can execute effectively and show strong progress in a short period.