We started YC’s Series A Program two years ago to fix a problem faced by every startup raising an A: VCs understand how Series A’s work and founders do not. This asymmetry of information puts founders at a significant disadvantage. Much as YC had done for seed stage financings – we decided to resolve that asymmetry in order to help founders.

We also made another commitment: to share as much of what we learned with as many founders as possible. While we couldn’t work directly with every company in the world trying to raise an A, we realized that publicly distributing our learnings would help all founders.

Over the last two years, YC companies have raised 190 Series A’s and over $2B of capital. We collected information about every of those rounds while working with founders before,...

We started YC’s Series A Program two years ago to fix a problem faced by every startup raising an A: VCs understand how Series A’s work and founders do not. This asymmetry of information puts founders at a significant disadvantage. Much as YC had done for seed stage financings – we decided to resolve that asymmetry in order to help founders.

We also made another commitment: to share as much of what we learned with as many founders as possible. While we couldn’t work directly with every company in the world trying to raise an A, we realized that publicly distributing our learnings would help all founders.

Over the last two years, YC companies have raised 190 Series A’s and over $2B of capital. We collected information about every of those rounds while working with founders before, during, and after close. We’ve published some of what we learned: