Y Combinator often backs startups that duplicate other YC companies, data shows — it's not just AI code editors [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Participating in the Valley's most famed startup factory, Y Combinator, is often part of that dream. Airbnb, Coinbase, and Stripe all got started there. Yet, a deep dive into the data from all of the nearly 5,000 companies YC has backed to date reveals a surprising truth: YC startups don't have to be unique. Far from it. YC commonly accepts startups that are building similar or nearly identical products to previous YC grads. Some of them are direct competitors; others differ slightly by targeting a new geography (Asia or Latin America), or are a subset of a larger market (point-of-sale software for bars vs. coffee shops). Data analysis startup Deckmatch conducted the research, inspired to look at competing YC products after a controversy over a YC-backed startup called PearAI. Critics said that PearAI's code editor product wasn't much more than a cloned version of another YC product, called Continue -- and PearAI's founder essentially admitted it. There were more reasons that Pe
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- Gilroy, former Coatue fintech head, and angel investor Rajaram launch VC firm [TechCrunch]TechCrunch
- Y Combinator often backs startups that duplicate other YC companies, data shows — it's not just AI code editors [TechCrunch]TechCrunch
- Bitcoin to Hit $2,00,000 in 2025? ETFs in Focus [Yahoo! Finance]Yahoo! Finance
- Coinbase App Gets Left Behind as Memecoin Craze Drives Traders On-Chain [Yahoo! Finance]Yahoo! Finance
- Coatue Alumnus Gilroy, Tech Veteran Rajaram to Start VC Firm [Yahoo! Finance Canada]Yahoo! Finance Canada
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