Yet Altman told me that, unlike Google, we grow faster as we get bigger. We could catch them in ten years. As the sun set over Atherton, the loveliest town in unlovely Silicon Valley, Altman challenged Geoff Ralston, another YC partner, to a table-tennis match by Ralstons pool. They were about to host a party for the thirty-two companies they were responsible for in the winter batch; the goal was to relieve the pressure of Demo Day, which was three weeks off, in late March. That was when the founders would have two and a half minutes to wow investorssix hundred in the room and twenty-five hundred more watching online. Two founders were already having anxiety attacks. Altman was raising his arms in victory as the founders began to amble in and gaze around at startup Valhalla: a seven-thousand-square-foot mansion, catered food under a grapefruit tree festooned with lights, a back yard that seemed to stretch to Redwood City. (Ralston made his fortune building what became Yahoo Mail.) Luke Miles, the eighteen-year-old founder of Restocks, tried not to look overawed. Restocks is a messaging service for young super-consumers who want to know, five minutes ahead of everyone else, when small shipments of Supreme T-shirts and Yeezy Boost 350 shoes go on sale. Miles was accepted to YC after excelling in YC Fellowship, the new program for embryonic startups, in which they receive as much as twenty thousand dollars and the opportunity to consult with a partner over Skype. Miles said, The money they gave me was enough to prove to my parents that I wasnt wasting my life dropping out of college. For many founders, YC provides the university experience they wish they could have had. Michael Seibel, a YC partner who was recently put in charge of the batches, and who also went through the program twice, said, P.G.as Paul Graham is knownused to tell everyone at the beginning of the batch, Some of these people will be in your wedding, which is a weird thing to say to three hundred strangers.
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