Level YC Application
Level went through Y Combinator in the Summer 2021 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
- Summer 2021
- Industry
- FintechCredit and Lending
- Status
- Acquired
- Launched
- 2021
Founders
Vladimir KorshinFounder
Molly HoganFounder
Asa SchacharFounder
What Level does
Level provides fast and simple financing to lending startups that gets them off the ground and grows with them as they scale. We do so by buying loans in small quantities at first and rewarding our customers with more access to capital based on performance. Co-founder & CEO, Vladimir Korshin, previously worked in the traditional venture debt system at Silicon Valley Bank, where he noticed that strong startups were frequently denied from non-dilutive financing because they were too small. Just 4 weeks after going live with our first customer, we purchased $1.3M in loans across 6 customers. The founding team brings 30+ years of startup experience: Vladimir previously worked as an operator at Facebook, Eventbrite, and Niantic; Asa Schachar was an engineer at Microsoft and managed teams of engineers at Optimizely; Molly Hogan led new and international product initiatives at Amazon for over 7 years. Level is backed by Liquid2, Y Combinator (S21), and others.
Level's YC application, reconstructed
Y Combinator application
Level, Summer 2021 batch. The real form questions, answered from public data.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
Level
Fast and simple fintech financing
We provide lending startups with quick, simple access to non-dilutive financing by buying their loans in small amounts initially, then increasing capital access based on performance. Our product is designed to help startups get off the ground when traditional venture debt won't fund them because they're too small.
We live in San Francisco and have a remote team. After YC, we plan to continue based in San Francisco and remain flexible to work remotely.
San Francisco is the center of fintech startups and investors we serve. Being local helps us build relationships with early-stage lending companies that need financing but struggle to find it elsewhere.
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 Level YC application?
No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Level's public data (launch notes, founder backgrounds, product description). It shows how a company like Level would present itself to YC, not the text they submitted.
What YC batch was Level in?
Level was part of the Y Combinator Summer 2021 batch.
Who founded Level?
Level was founded by Vladimir Korshin, Molly Hogan, Asa Schachar.
What does Level do?
Fast and simple fintech financing
How do I read the full reconstructed application?
Create a free Round Funded account. The full 26-answer version of Level's application, and every other YC batch, is in YC Insights.
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