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I know that they've invested in those companies, but many of them are in the moonshot stage with most investments being way too recent. I wouldn't say YC is an
by fakedang 3y ago
I know that they've invested in those companies, but many of them are in the moonshot stage with most investments being way too recent. I wouldn't say YC is an expert investor in the sector. That's what makes it so hard - there isn't a YC for the hard sciences, and especially not for aerospace. I would say the closest to success YC startup in aerospace is Zipline.
Being in America matters for them, because afaik, Australia is nowhere as competitive as America or the EU in the space sector. More opportunities = more paths to success.
Fun fact, back in the PG days, when we had applied to YC, we were rejected because aerospace was an area where they didn't "have expertise" and where we would have to work heavily with government. Same for another friend and his AI-based visual surveillance startup. Both companies were later acquired by established behemoth players eventually.