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Good for him. I'm a little amazed at how little the Y Combinator model has been copied in Europe. Now, obviously any new incubator wouldn't come even close to
by Pandabob 6y ago
Good for him.
I'm a little amazed at how little the Y Combinator model has been copied in Europe.
Now, obviously any new incubator wouldn't come even close to being able to offer what YC does right now with the extensive network etc. But hell, just offering 10-15 startups €120k every six months for ten years would be worth a shot. Maybe fly those companies to Berlin or London or Stockholm. Help them out with whatever you can, but mostly let them figure it out themselves. Maybe focus on startups from the EMEA region.
The costs would consist of the fund (€36M) plus the cost of operating the program (perhaps a €1M/year). That would still amount to below €50M.
Idk. There are probably plenty of reasons why this would be a bad idea, but if I'd ever have 50 million to spend, this is what I'd try.
- jariel 6y agoThe YC model has not been copied anywhere, and FYI there have been a zillion attempts at incubators in Europe. The problem is generally not money, it's a wide array of other things.
- langitbiru 6y agoA couple of days ago, there was a discussion about why the YC model were really hard to be copied elsewhere. https://news.ycombinator.com/item?id=24590401 https://news.ycombinator.com/item?id=24590401
- chillacy 6y agoEven in other US cities with local incubators and seed funding, startups all face the prospect of needing to visit SF for serious VC rounds later. If these companies are going to need investment from SF, why not just incorporate in Delaware and walk the well-worn path from startup to the NYSE?