Y Combinator summer 2013 funding cycle begins

Y Combinator has started accepting applications for their summer 2013 funding cycle. Interest startups may apply to the program and get access to world's leading investors, VC companies, experts.

Y Combinator usually takes about 7% stake in the company and offers about $11,000+$3000n (n = number of participating founders) in the companies and make them 'launch ready' in about 3 months. A demo day is held after three months where the startups will demo their products to the leading VC companies and investors and get the next round of funding.

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