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YC announced the closure of YC China last year. https://blog.ycombinator.com/an-update-on-yc-china/ https://blog.ycombinator.com/an-update-on-yc-china/ There’
by tomhoward 6y ago
YC announced the closure of YC China last year.
https://blog.ycombinator.com/an-update-on-yc-china/ https://blog.ycombinator.com/an-update-on-yc-china/
There’s no “using another legal entity to do their bidding over there”. It’s just closed.
That said, it’s not clear that it’s unequivocally morally superior to deny a service to all 1B+ Chinese people, many of whom could have been founders of great companies or customers/beneficiaries of those companies, just because of the actions of a government, particularly one that was not elected by those citizens.
But that’s moot now. YC China has been closed.
- yorwba 6y agoAs the announcement mentions, Qi Lu continues to be active in the VC space with a new company, MiraclePlus, which calls itself "formerly YC China" on their website: https://www.miracleplus.com/ https://www.miracleplus.com/
- tomhoward 6y agoPresumably he calls it that because he’s using the same business strategy/model he was building for YC. But it seems quite clear that it’s not YC. The new entity is a standalone VC fund [1], and YC is a recipient of LP funds, not an LP in other VC funds. And besides, it would be hard for YC to keep any involvement quiet after making this kind of announcement. [1] https://www.sec.gov/Archives/edgar/data/1792939/000179293919000001/xslFormDX01/primary_doc.xml https://www.sec.gov/Archives/edgar/data/1792939/000179293919...