Direct Match

Direct Match YC Application

Winter 2015Inactive

Direct Match went through Y Combinator in the Winter 2015 batch as a Fintech 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
Winter 2015
Industry
FintechBanking and Exchange
Team size
11
Status
Inactive
Launched
2016

Founders

  • Galen Simmons
    Galen SimmonsFounder

What Direct Match does

Direct Match was a venture-backed startup building the first all-to-all US Treasury trading venue.

Direct Match's YC application, reconstructed

Y Combinator application

Direct Match, Winter 2015 batch. The real form questions, answered from public data.

  1. Founders2
  2. Company7
  3. Progress7
  4. Idea4
  5. Equity3
  6. Curious2
  7. Batch Preference1

Company

Company name

Direct Match

Describe what your company does in 50 characters or less.

All-to-all US Treasury trading venue

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

We built the first all-to-all electronic trading platform specifically for US Treasury securities. Our product lets market participants trade directly against each other without needing a dealer as an intermediary, making Treasury trading more efficient and competitive.

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

We are based in New York, NY and the company would remain here after YC.

Explain your decision regarding location.

New York is where the bulk of our market participants and financial institutions are located. Being in the center of US Treasury markets is essential for direct access and relationships.

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.

Frequently Asked Questions

Is this the real Direct Match YC application?

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

What YC batch was Direct Match in?

Direct Match was part of the Y Combinator Winter 2015 batch.

Who founded Direct Match?

Direct Match was founded by Galen Simmons.

How do I read the full reconstructed application?

Create a free Round Funded account. The full 26-answer version of Direct Match's application, and every other YC batch, is in YC Insights.

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