20VC: Behind the Scenes at Y Combinator: The Interview Course of | What the Finest & Worst Do within the Program | Do the Finest All Elevate Pre-Demo Day & YC’s Fundraising Recommendation to Startups | Why the Worth is in Utility Layer AI with Tom Blomfield

Posted on thirteenth Might 2024 by Harry

Tom Blomfield is a Group Associate at YC. Earlier than YC, Tom based two unicorns within the UK. He was co-founder of Monzo (most just lately valued at $5BN), one of many first challenger banks within the UK. Monzo raised greater than £1bn and counts 15% of the UK inhabitants as clients. Earlier than Monzo, Tom based GoCardless (YC S11), a web-based funds processor, most just lately valued at $2.1BN.

In Right now’s Episode with Tom Blomfield We Focus on:

1. From Founding Two Unicorns to YC Associate:

• Does Tom imagine that each one nice founders present indicators of exceptionalism early?
• What does Tom know now that he needs he had recognized when he began his first firm?
• Why did Tom determine now was the best time to change from founder to investor with YC?

2. The YC Utility Course of: The way it Works:

• How do the YC companions choose which firms are accepted vs rejected?
• What particularly does Tom search for in the issue the corporate is trying to clear up?
• Within the interview, what are the alerts of the very best high quality founders?
• What questions does Tom at all times need to ask in YC interviews with founders?

3. The YC Batch: The way it Works:

• How do the YC companions work with the 25 firms of their batch? What’s the interplay?
• What are the only largest errors firms make whereas in YC?
• What are the most important items of recommendation YC offers founders on fundraising approaching demo day?
• How do one of the best YC founders fundraise and use demo day? How do probably the most nervous fundraise?
• How are YC companions measured by way of their success and effectiveness?

4. AI: Client vs Enterprise/ Infrastructure vs Utility Layer:

• Does Tom imagine there’s cash to be made investing in infrastructure layer fashions at present?
• Why is the commoditization of basis fashions one of the best final result for society?
• Why is Tom most excited in regards to the software layer for the subsequent wave of AI?
• What are probably the most thrilling alternatives in shopper AI which can be huge open at present?