Y Combinator was set up in 2005 and put into place a new model of funding for start up’s. They invest a small amount of money (average $18k) in a large number of start up technology firms. Each of these start ups’s will move to Silicon Valley for 3 months where Y Combinator will work intensively with them to get them in the best possible shape to pitch to investors. Each of the start up’s will then present to a large audience on Demo day.
To date they have assisted in the start up of over 385 companies. Here are my favourites from this years Demo Day which happened on March 27th.
Pair : This one is a little bit cheesy but it could be a lot of peoples dirty little secret! A private social network for couples. Pair lets two people create a private timeline where they share photos, videos, sketches, activities and more. The iPhone app, which launched just four days ago, has already garnered more than 50,000 registered users who have used Pair to send more than 1 million messages. Pair has received funding from SV Angel and Path founder Dave Morin, who told Pair’s team that Facebook has created social networking’s “cities,” Path is building its “houses,” and Pair is like its “bedroom.” I think the the one-click “Thinking of you” button could be a big hit with guys.
Priceonomics: With the ever blurring line between online and offline purchase decisions I think this one will be huge. An online price guide for anything. Type in anything you want to own and it will tell you how much it should cost, like a Kelly Blue Book for smartphones, laptops, TVs, stereos, etc. Priceonomics crawls through hundreds of millions of transactions to find out what people are selling and how much they’re selling it for. It got 250,000 page views in March, plans to make money through targeted advertising, and already has funding from SV Angel, Andreessen Horowitz, CrunchFund, and several angels.
Sonalight: If anyone is on the road as much as me this will be great. I have even looked for an app like this before unsuccessfully so it is definitely going on my list.Touting itself as “Siri on steroids,” Sonalight is an app aimed at letting you send text messages while driving by using just your voice. The app purportedly works even while a phone is your pocket. Already, the app has been used to send 500,000 text messages at a rate of 50,000 per week since its debut back in October.
Midnox: Why is it that my perfect videos from a night out always seem so wobbly the next morning…?! Well the Luma is an iPhone app that stabilizes the videos taken with a mobile phone in real time. The app also adds full resolution visual filters in real time, which are “non-disruptive,” meaning that they can be changed or removed after recording is over. The company has also built editing tools and sharing features for the videos taken with Luma.
Some really great start up’s there so keep your eyes open and I’m sure we will be seeing them in no time.
- Pair App for Couples Strikes a Chord in First Four Days (allthingsd.com)
- Priceonomics is a price search engine for all the stuff you want to buy (venturebeat.com)
- Sonalight wants to be a Siri that “saves lives” (venturebeat.com)
- Pair lets your kiss your lover with your thumb, share private moments of love (venturebeat.com)