We are delighted to announce our participation in the Y-Combinator (YC) Winter 2021 batch.
Y-Combinator is probably the world’s most famous start-up accelerator and arguably one of the best known institutions of Silicon Valley. Since 2005, it has been used to launch over 2000 companies including Airbnb, DoorDash, Stripe, GitLab, Reddit, Dropbox and Ginkgo Bioworks. The combined valuation of YC companies was over US$ 300 billion as of January 2021.
YC selects two batches of companies per year. About 1% of the applying companies are selected to receive support and training to market their product and team, achieving market fit and scaling the company into a high growth business. Additionally, company founders participate in weekly group meetings together with other YC startups and are therefore part of a huge network.
The program culminates in Demo Day, where all startups present their business/technology and their growth during the training to potential investors.
We went to market with our first product in mid 2020 and have seen our revenue grow to a total of US$ 500k so far. During the past two months alone, by virtue of intensive coaching by Y-Combinator partners Jared Friedman, Surbhi Sarna and Tim Brady, we were able to secure nearly US$ 300k in revenue with an amazing growth rate. Also during the program we successfully launched DNA probe cartridges, our first step into the rapidly growing DNA modification market and published a white paper demonstrating the quality of Kilobaser probes and primers. We also relaunched our website and implemented lots of new processes to secure company integrity as we scale.
Martin Jost, Alexander Murer, Bernhard Tittelbach
Being part of the fully remote Y-Combinator W21 batch was one of the most exciting and instructive parts of our journey at Kilobaser. Rotating between working with our team at our headquarters in Austria during day and learning from the best until the morning hours really pushed us forward in ways we did not think were possible before.