Y Combinator,
the startup accelerator known for being the birthplace of Dropbox,
Reddit, Airbnb, Stripe, and a number of other companies, released some updated stats this morning showing just how big it’s gotten — and how diverse its current class of companies is.Y Combinator says it has now funded 842 companies to date, and those startups have raised upwards of $3 billion in investment and have a collective market cap of more than $30 billion. There are four Y Combinator companies that are worth more than $1 billion at the moment, and 32 companies valued at more than $100 million (that figure also includes companies that have been acquired.) As my colleague Josh Constine has written, these figures mean that YC itself could currently be worth more than a billion dollars on paper.
And YC, which funds two batches of startups per year in a winter and summer cohorts, says its current winter 2015 batch is its largest yet, with 114 companies. This class also has a more diverse mix of founders than we’ve seen in the past: 21.9 percent of startups in winter 2015’s YC class have a female founder, 7.9 percent have a black founder, and 5.2 percent have a Hispanic founder, according to YC. [Note: These stats have been updated, as YC released an update to its initial figures this morning. The initial numbers here were 23 percent female founders, 8 percent black founders, and 5.3 percent Hispanic founders. I’m told the changes were due to the class’ makeup shifting slightly in recent days.]
There’s still a long, long way to go for the tech industry as a whole when it comes to diversity. But if YC is an early indication of which way the industry is going, it seems to be taking small steps in a positive direction.