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Y Combinator's Summer 2024 Demo Day is taking place, showcasing startups that have achieved significant milestones. Garry Tan, CEO of Y Combinator, announced that future Demo Days will include in-person seats for top venture capitalists. The event highlights the success of companies that have reached or are on track to reach $1 million in annual recurring revenue (ARR) by January. Between 5% to 10% of recent batches have become worth $1 billion or more. Notable startups from this batch include estate planning startup Elayne and clinical trial startup Baseline. Additionally, the event underscores the continued relevance of Y Combinator in fostering industry-defining businesses.
First up to pitch, it's @joinfounderlabs '24 cohort. From oncology therapeutics at Antigenesis Biologics, recovering millions of duty overpayments at TradeHarmonizer, streamlining beauty hacks at Sprint Beauty, and protection against hacking with Loquerion Security. #DemoDay https://t.co/pM59n1Frp3
Paul Smith, MD @JoinFounderLabs and EiR for NDRC H2 24 cohort, warms up a packed #DemoDay crowd of ecosystem stakeholders in @dogpatchlabs. 10 startups who 6 months ago were super early-stage and pre-revenue, are now launching into the market and even revenue-generating. https://t.co/9Ay7XnZ1b3
Welcoming everyone to the first-of-a-kind #DemoDay, connecting the north and south for an all-island startup event, is NDRC and Belfast's @joinfounderlabs MD @ij_browne. https://t.co/rQ0YRMR7G4