> Only a tiny slice of humans are a position to think that way—for example, people who have family wealth (or maybe an elite educational credential) to fall back on, or who have already managed to break into the fundraising scene (or maybe a FAANG job) and have gotten used to comparing themselves to all the $multimillion deals they keep hearing about.
> We also hope that this deal will encourage more founders of any age and from every demographic group and geographic location to take the leap into the startup world.
It's interesting you brought up this point specifically. My impression was that YC tended overwhelmingly to fund the more elite demographics.
What % of YC investments go to founders who either worked at "a FAANG job" or graduated from Harvard, MIT or Stanford? What percentage of people (from the US and globally) have that background?
> We also hope that this deal will encourage more founders of any age and from every demographic group and geographic location to take the leap into the startup world.
It's interesting you brought up this point specifically. My impression was that YC tended overwhelmingly to fund the more elite demographics.
What % of YC investments go to founders who either worked at "a FAANG job" or graduated from Harvard, MIT or Stanford? What percentage of people (from the US and globally) have that background?