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Statement, Product Demonstration

OpenAI: $2M in tokens to every YC company in the spring and summer batches.

Y Combinator
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  • OpenAI is offering a $2 million token investment to every company in the Y Combinator Spring and Summer batches.
  • The investment value is delivered exclusively in OpenAI tokens rather than cash.
  • Recipients may allocate the token credit toward any OpenAI usage, including API consumption or code execution.
  • The capital is provided via an uncapped SAFE, effectively granting equity at the company's future Series A valuation but at an earlier stage.
  • The initiative targets startups "token maxing," particularly those utilizing software factory patterns to dispatch multiple AI agents.
  • Access to this capital aims to compress 18 months of engineering work into a fraction of the time, accelerating product polish to Series A quality.
  • The program is framed as an experiment to assist high-potential YC companies in bypassing early-stage token costs.
  • Although the Summer batch deadline passed three weeks prior, the offer is extended to Summer companies provided they apply by Memorial Day weekend (May 25th).
  • Selected applicants are expected to receive notifications by June 5th.
  • The announcement was made in coordination with Sam Altman and the OpenAI team.