Y Combinator Is Getting One Submission Per Minute

paul graham y combinator

[credit provider=”Bloomberg TV”]

Everybody wants Y Combinator to fund their startup.Paul Graham, who founded the popular startup accelerator, just tweeted that Y Combinator is now getting one application every minute.

That’s more than 1,000 applications per day, assuming some slowdown in the pace during night hours. (Although maybe not — the global economy never stops.)

Today’s the deadline for their Winter 2012 application round, which is the reason for the flood.

So how do they choose which ones to fund? As they say on their Web site, Y Combinator looks for companies with two to five founders, and for people they know are intelligent based on past interactions or their comments on Hacker News.