Genuine days ago, Y Combinatorannounced that its upcoming Demo Day match would be moving online due to “growing grief over COVID-19.” The match, beforehand planned to span across two days at San Francisco’s Pier 48 building, would instead be hosted entirely online on March 23rd.
More changes this evening: YC is shifting Demo Day forward one pudgy week, from March 23rd to March 16th.
In a weblog post on the change, Y Combinator CEO and partner Michael Seibel cites an “accelerated” pace from investors in present days as having encouraged the pass:
Over the last few days, a large choice of investors have accelerated their outreach to our present batch of founders. They are moving swiftly to make investment selections, and we’re going to match their pace and accelerate our time table by one week. YC W20 online Demo Day will now be on March 16.
On March 16, the YC Demo Day online page will perambulate live, a modified model of the online page that investors and founders have dilapidated over the past five years. Thru the online page, investors will have access to a single-hotfoot summary, a short description of the company, and a team bio. They can sort companies by industry and geography, and will probably be able to export the list of companies to a spreadsheet.
Whereas YC initially said that the pitches each company traditionally does live onstage for Demo Day would be “pre-recorded and released to all investors at the same time,” the announcement of the sooner-than-expected Demo Day most efficient mentions hotfoot summaries, company descriptions, and team bios — suggesting plans may well have changed a bit to accommodate the unusual time table.
Y Combinator confirmed to me that the Demo Day place will no longer have video presentations.