San Francisco based startup incubator Y Combinator has today announced via Twitter that applications for Winter 2012 YC Funding are now open. Y Combinator is an American seed-stage startup funding firm, started in March 2005. Y Combinator provides seed money, advice, and connections at two 3-month programs per year. In exchange, they take an average of about 6% of the company’s equity.
If you want to apply, please submit your application online by 8 pm PT on October 10, 2011. Groups that submit early have a significant advantage because we have more time to read their applications.
On October 31, Y Combinator will invite the groups that seem most promising to meet in Mountain View during November 12-16. They will reimburse up to $600 per group for travel expenses.
As of June 2011, Y Combinator had funded 316 startups. The number of startups funded in each cycle has been gradually increasing. The first cycle in summer 2005 had eight startups. In the summer 2011 cycle, there were more than 60.
The deadline for winter 2012 applications is October 10th.