Thanks for making yourself available, Matt. Sounds like an incredible opportunity.
What kind of progress do you expect founders to make by the end of the Fellowship? Put another way, if the goal of participation in Y Combinator is for companies to build enough traction to become top-tier candidates for an institutional fundraise, what is the outcome that participants in the Fellowship should hope to achieve?
We'd like teams to make as much progress as possible during the 8-weeks of the fellowship. If you have a prototype, that would mean launching and getting your first customers. If you're at idea stage that would mean building a prototype and talking to users. At the end of the 8-weeks we hope the teams will be ready to apply for YC W16 (it's not a requirement -- but we'll encourage it).
What kind of progress do you expect founders to make by the end of the Fellowship? Put another way, if the goal of participation in Y Combinator is for companies to build enough traction to become top-tier candidates for an institutional fundraise, what is the outcome that participants in the Fellowship should hope to achieve?