CompUp YC Application

Summer 2022Active

CompUp went through Y Combinator in the Summer 2022 batch as a B2B company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2022
Industry: B2BHuman Resources
Team size: 35
Status: Active
Launched: 2022

Founders

Anurag DixitFounder
Ramesh KonathamFounder
Anshul MishraFounder

What CompUp does

With over 500M white-collared job offers rolled out annually, companies find it very difficult to be certain about what to offer. Companies rely on old compensation survey data, which are updated only once every year. The salary expectations of candidates in the market change significantly on a quarterly basis (~7% statistically) in the startup ecosystem. This results in more than 50% of qualified/selected candidates not joining the company due to expectation mismatch. CompUp is an API-driven compensation benchmarking tool. We integrate with your existing HR/payroll systems, removing the need for manual data entry, and also getting updated in real-time. CompUp provides the most accurate real-time compensation benchmarking data which helps you make the right offer to the candidate. The platform allows you to make better compensation decisions such as annual increments, candidate offers using internal and external data. This has the following advantages: - All the process of compensation data submission is automatic and needs no manual intervention - Since the job market is dynamic in nature, the offers made on CompUp's real-time benchmarks would be the most efficient - The presentation of the offer to the candidate makes it look more appealing and explanatory to the candidate

CompUp's YC application, reconstructed

Y Combinator application

CompUp, Summer 2022 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

CompUp

Describe what your company does in 50 characters or less.

Compensation graph to optimize people spend

What is your company going to make? Please describe your product and what it does or will do.

We built an API-driven compensation benchmarking platform that integrates directly with a company's HR and payroll systems. It automates capturing real-time compensation data from the market and internal data. This helps companies make offers and increment decisions based on current, not outdated, benchmarks.

Where do you live now, and where would the company be based after YC?

We live and operate in Bengaluru, India, and would remain based here after YC.

Explain your decision regarding location.

Bengaluru is where the HR tech market is growing and where we have the right connections and team. Staying here lets us stay close to customers and talent.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real CompUp YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from CompUp's public data (launch notes, founder backgrounds, product description). It shows how a company like CompUp would present itself to YC, not the text they submitted.