Y Combinator wrapped up demo day for its Summer 2014 class last week, giving over 75 startups the chance to pitch their ideas to an audience of writers and, most important, investors. A look through the PitchBook Platform at past Y Combinator companies reveals that software techs seem to have fared best—15 companies have raised over $40 million, including Airbnb and Dropbox raising $846 million and $1.1 billion in funding, respectively. A few of the companies at this year’s event included Fixed, which contests parking tickets for its users; Shift, a Bitcoin-wallet debit card; and ClearTax, an online platform to help India file tax returns.
Techs may have dominated Y Combinator in the past, but energy companies and biotechs made appearances at this year’s event, as well. Helion Energy and UPower both pitched nuclear technologies that can be created in the size of a shipping container, while uBiome showcased its direct-to-consumer microbiome sequencing and Glowing Plant detailed its genetic modification technology for plants.
While not all Y Combinator investments have gone on to become mega-companies, many have grabbed the attention of others. Google (NASDAQ: GOOG) has taken a lion’s share, acquiring 10 Y Combinator companies, and a few other large companies have also reached into the pot. Apple (NASDAQ: AAPL), Facebook (NASDAQ: FB), Yahoo (NASDAQ: YHOO) and Twitter (NYSE: TWTR), among other giants, have all acquired at least one.
With another Y Combinator class in the books, time will tell if it contains the next billion-dollar company.