Michael Seibel is a group partner at Y Combinator and the managing director of YC's startup accelerator. He evaluates 1000s of startups a year and sees hundreds go through YC, which means he has better data on startup success than just about anyone in tech. He’s also the cofounder of Twitch. In this episode, Michael and Auren dive into the startup landscape and the inner workings of Y Combinator. As a partner at YC, Michael sheds light on the top qualities he seeks in applicants, drawing from his experience of sifting through a staggering 20,000 yearly applications to their accelerator program. They also discuss Michael’s journey as co-founder of Twitch (formerly known as Justin.tv), which now boasts an impressive 140 million monthly active users and was acquired by Amazon for roughly $1B. Michael delves into the mistakes Twitch made along the way and the surprising advice that saved the company from collapse. World of DaaS is brought to you by SafeGraph & Flex Capital. For more episodes, visit safegraph.com/podcasts.You can find Auren Hoffman on Twitter at @auren and Michael on Twitter at @mwseibel.