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Y Not - YC rejects of the world, unite!

news.ycombinator.com

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Re: Y Not - YC rejects of the world, unite!

#71

Post by imsteve »

idea wrote: post #63
mdemare wrote: post #44

Earlier quoted context omitted.

A "thriving tech center" is overstating it a bit for Amsterdam, but we certainly have our share of small web start-ups, and there are plenty of programmers available. The atmosphere is great, the climate is no distraction, (but the nightlife is). Language is not a barrier, but I don't think you should incorporate here - we have high capital requirements. NTIAALOA (not that I am a lawyer or anything).

Current minimal capital requirement is 18000 euro for a Dutch limited company, but a new bill will remove this requirement.

Is it really so hard to incorporate in the US but operate from overseas? I don't think it is.

Re: Y Not - YC rejects of the world, unite!

#72

Post by davidw »

imsteve wrote: post #71
idea wrote: post #63

Earlier quoted context omitted.

Current minimal capital requirement is 18000 euro for a Dutch limited company, but a new bill will remove this requirement.

Is it really so hard to incorporate in the US but operate from overseas? I don't think it is.

Probably not, but I don't think you get any of the benefits of the corporation unless you also register a local branch of it, and then you're back to square one. Meaning you can't really be employed by your own company...stuff like that.

Re: Y Not - YC rejects of the world, unite!

#75

Post by kmt »

cstejerean wrote: post #66
kmt wrote: post #47

Earlier quoted context omitted.

I'd be interested to learn more about Romania. Danny76, please contact me if you wish to discuss this further: kmt at ftml dot net.

Personally I wouldn't recommend Romania as a place to do a startup yet, at least not to incorporate in Romania. I moved to the US from Romania about 7 years ago and while some things have improved in the mean time I think the current system in Romania would impose too many road bloacks for a startup. Great place however to outsource.

Well, you could incorporate in Delaware but be located in Romania for a while. Also, Romania has probably improved a bit since you left.

Re: Y Not - YC rejects of the world, unite!

#76

Post by imsteve »

davidw wrote: post #72
imsteve wrote: post #71

Earlier quoted context omitted.

Is it really so hard to incorporate in the US but operate from overseas? I don't think it is.

Probably not, but I don't think you get any of the benefits of the corporation unless you also register a local branch of it, and then you're back to square one. Meaning you can't really be employed by your own company...stuff like that.

I highly doubt that.

Re: Y Not - YC rejects of the world, unite!

#77

Post by darius »

danny76 wrote: post #42
kmt wrote: post #28

How about gathering in one of the countries that recently joined the EU: Bulgaria, Romania... Living is cheap, labour is cheap, people are smart. Anyone interested? On the other hand conditions there not that professional and engineers don't have adequate experience. Hmm...

I'm living in Romania. It would be a great place to join up with other entrepreneurs. My biggest problem is finding entrepreneurally-minded people (co-founders). Finding experienced programmers to hire is not a problem, there are plenty. There's an entire outsourcing industry working for US and Western Europe clients. Finding "professional conditions" (office space? net? or what?) is not a problem either. Living cost…

Good to know that there are so many Romanians on YC. I moved from Romania in Bay Area 6 years ago. I just went back there for a few weeks in August. Life is getting more expensive there and from what my friends were telling me, there is an increasingly demand for programmers, therefore the wages are going up.

I was thinking about moving back for a while but I don't think this will happen very soon. If anybody would like to talk about Romania some more feel free to email me (email address in the profile).

Re: Y Not - YC rejects of the world, unite!

#78

Post by davidw »

imsteve wrote: post #76
davidw wrote: post #72

Earlier quoted context omitted.

Probably not, but I don't think you get any of the benefits of the corporation unless you also register a local branch of it, and then you're back to square one. Meaning you can't really be employed by your own company...stuff like that.

I highly doubt that.

Yeah? What's your information? Mine is spotty, but comes from a friend in Italy who is a registered accountant there, who told me in no uncertain terms that having DedaSys LLC in Oregon is all fine and dandy, but in terms of Italy, it basically doesn't exist. If at some point I would want to be employed by it, it would require creating a local subsidiary that then has all the same bureaucratic requirements that any other company would have. If you think about how governments operate, it does make sense. Even if you do business a lot in another US state, you're supposed to register to do business there - let alone another country.

The potential "loophole" is registering a company in an EU country that's not so lame as the continental ones (i.e. Ireland or the UK), but I don't have good information on that.

Re: Y Not - YC rejects of the world, unite!

#79

Post by gscott »

Jaggu wrote: post #23

YC is great because you get environment and advise from people who were part of successful startups. Also their connection helps. After the rejection - it is better i do my work myself and then if needed - for connection and advise - I will apply again in YC for next round. You might be next BillGates or PaulGraham but at this time you are just like me and other developers who wants to be their own boss. So, as you d…

YC is great, but I have realized this round that you need an easy mass appeal type idea to get in.

So a club of interested parties called 'Y Not' sounds good to me, I am not too far away to drive to SV (from San Diego, CA).

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