Y Combinator provides seed funding for startups. Seed funding is the earliest stage of venture funding. It pays your expenses while you’re getting started.
Y Combinator has a novel approach to seed funding: they fund startups in batches. There are two each year, one from January through March and one from June through August. During each cycle they fund multiple startups.
They think hackers are most productive when they can spend most of their time hacking. Their goal is to create an environment where you can focus exclusively on getting an initial version built.