A label you add to your startup's intro (if chosen) that your company exchanges 7% of protected equity to arbitrary increase your valuation with.
After getting accepted from Y Combinator, my 3 man team from [insert top 5 engineering school here], we launched our [insert undeveloped idea that sounds good on paper here], and raised 1.5 million dollars from Demo Day because we're changing the world.
Y Combinator is an early stage seed fund started by Paul Graham in 2005. The combined market cap of Y Combinator companies is currently over $30 billion
John: You should apply for Y Combinator they will give you 120k for 7% of your company and provide great mentorship.
Amit: Great idea. I'm going to apply
A higher-order function that satisfies the "fixed point theorem"
Professor: "We have Y = [\f . (\x . f(xx) ) . (\x . f(xx)) ], that we call the Y-Combinator"
Business student: "SORRY PROFESSOR BUT YOU ARE WRONG. Y COMBINATOR IS AN INCUMBATOR OK???"
Professor: "Please calm down Michael, Paul Graham is indeed very inspired, and enthusiastic about lambda calculus but this..."
Business student: "NO HE IS THE FOUNDER OF Y-COMBINATOR, I HAVE PROOFS"
Professor: "Sigh."
charlesjo
Possibly more valuable label than Stanford in the startup world.