Y Combinator also provides data on which areas the company is working on. Currently, the most common startups receiving funding from accelerators are business-to-business companies. In the latest Winter 2024 batch, 158 of the 235 Y Combinator-backed startups (67%) focused on B2B, compared to the Winter 2022 batch, where only about half of companies were B2B-oriented. has increased significantly since. This change coincides with the rise of AI. Many founders are betting that in the short term, there will be more opportunities for businesses to leverage AI than individual consumers.
Fintech has seen a particularly big decline in recent years. This decline is partly due to investors and entrepreneurs shifting their focus to AI, but another part is the bursting of the crypto bubble in 2022. The price of Bitcoin has recently skyrocketed again, hitting an all-time high of over $73,000 on March 12th. , 2024, but consumer interest remains below 2022 levels, as Google search data shows.
The pace of technological advancement has accelerated so much over the past two years that it can be hard to remember that the current wave of AI development is still in its infancy. Many cutting-edge technology companies still don’t have a clear vision of where their products will ultimately go. Moreover, it will take traditional companies years, if not decades, to implement these new advances. This suggests that startups currently implementing AI have many problems to solve.
Story editor: Shannon Luders-Manuel. Copy edited by Paris Close.
This story originally appeared on Flippa and was produced and distributed in partnership with Stacker Studio.
