A few months ago I wrote about Y Combinator, they specialize in funding early stage startups. Their focus is in funding software and web related companies or ideas ;).

In this economy many people have chosen to create their own business, and I don't blame them, many said that recessions are the best time to start a new company, some people also say that most startups are too small to fail, according to Jason Cohen. So, if you are interested in launching your new software/web business you should really take a look at Y Combinator, it seems like a good program and since it is run by technology people they actually prefer and are more interested in finding out how smart you are and your idea instead of a formal business plan – isn't this great?! Most of us software developers don't know or don't want to know much about the business side of things… in this program, Y Combinator provides business, legal and accounting advice for your new company.

They are accepting applications to their program now and until October 26, 2009 at 10 pm PST, the sooner the better because they will have more time to read and review your application, as it says in their website.

If you are interested, and are ready to apply, I suggest you look at this before you apply and also read this.

This is a good idea if you are looking for great advice from people who have achieved success in this industry, and also some cash to help you get by until you launch your product or service and start getting boatloads of cash ;) (ok, maybe just enough to support yourself and your business).

Good luck!