Tomasz Tunguz Blog · 2025-06-09 · 360d

YC Investment Trends: 5-Year Analysis of Sector Shifts and Growth Patterns

Analysis of Y Combinator's investment patterns since 2020 reveals a significant shift toward pragmatic, customer-problem-focused investments. Cybersecurity and industrial/manufacturing have emerged as the fastest-growing categories, while B2B's share increased from 80% to 90%. The data shows YC's portfolio increasingly mirrors broader venture industry trends away from speculative technologies.

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Metrics in this report

B2B Investment Share

80-90%

change over 5 years

YC portfolio composition

Blog Subscriber Base

150,000readers

current

Tomasz Tunguz newsletter subscribers

Crypto/Web3 Investment Share

5%

average

YC portfolio composition