   
 | From the Editor's Desk
What 15 Years of Y Combinator Investments Can Teach Us About Startups There are thousands of smart people who could start companies and don't, and with a relatively small amount of force applied at just the right place, we can spring on the world a stream of new startups that might otherwise not have existed.
- Paul Graham, co-founder of Y Combinator
I recently wrote a recommendation letter for a former co-worker who wanted to change careers by going back to school. Not just any school but a very specific world-class, prestigious institution with an acceptance rate in the low single digits. Harvard or Stanford MBA you might guess? Nope, something even harder to get into: Y Combinator. Entering its 15th year of operation, Y Combinator (or YC for short), has put over 2,000 companies through its program and produced 100 companies valued at over $150 million and 19 companies valued at over $1 billion.
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