Y Combinator nixes 2-minute presentations for virtual Demo Day - Business Insider

Y Combinator's rite of passage, the famous 2-minute pitch to a room packed with potential investors, is the latest victim of the coronavirus pandemic.

Now, Y Combinator has decided that it will do away entirely with the custom of founders talking up their business at this year's Demo Day and that startups in the program will not even make pre-recorded video pitches. Y Combinator will instead feature individual slides about each startup for investors to peruse on a special Demo Day portal.

"As we shared on Friday, we know startup investors will continue to support our newest batch — just as they have for the last 15 years. The activity over the last week has shown us that the community surrounding YC is as strong as ever," Y Combinator President Michael Seibel wroteSince it began 15 years ago, Y Combinator's startup program has seen some of Silicon Valley's most famous names pass through it, including Airbnb, DoorDash and Stripe.

"Demo Day moving online, I really see that as a positive for us," Motion cofounder and CEO Harry Qi told Business Insider. Motion is among the accelerator's current batch and was originally planning to present in front of thousands of investors on Demo Day in San Francisco.

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