Implications - The billionaire bootcamp competition is held twice a year by Y Combinator, where they select only about a dozen applicants out of hundreds to start up new and innovative tech companies. The goal is to create a product that will eventually go into production and be accepted by consumers.
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If you have a great idea for the next big thing (when it comes to tech start-ups), then you'll want to get in line for the Billionaire Bootcamp through Y Combinator. Of course, the competition is very fierce as applicants vie for acceptance knowing that those accepted and successful will get start-up cash, as well as hardcore training in the boot camp.