YC S20 Remote Batch • Hacker News Board

Re: YC S20 Remote Batch

#11

Post by robk » Mon, Apr 20, 2020, 6:46 PM UTC

ThePhysicist wrote: post #2

If they now would be able to invest in foreign companies like GmbHs or UK Limiteds it would be perfect. I understand why they don’t want to do that but I think for a lot of companies to which YC could be interesting (us included) it’s simply not possible or very difficult to do a flip to a US company.

German notary requirements make investing hell compared to us or uk

Re: YC S20 Remote Batch

#12

Post by sdan » Mon, Apr 20, 2020, 6:50 PM UTC

AYBABTME wrote: post #10

sdan wrote: post #4

As a Bay Area native I wish this hadn’t happen, but sometimes radical change creates radical results.

Why do you wish so?

Well I understand deeply that there's nothing more powerful that in-person connections.

I've witnessed that multiple times when I sneaked into some "exclusive" events in silicon valley.

Re: YC S20 Remote Batch

#13

Post by xwdv » Mon, Apr 20, 2020, 6:53 PM UTC

AYBABTME wrote: post #10

sdan wrote: post #4

As a Bay Area native I wish this hadn’t happen, but sometimes radical change creates radical results.

Why do you wish so?

It erodes some of the Bay Area’s attraction for new talent and new companies.

Re: YC S20 Remote Batch

#14

Post by Four8Five » Mon, Apr 20, 2020, 6:56 PM UTC

I wonder if this changes the number of companies that can be accepted. I also worry that this will turn into Startup School 2.0.

Re: YC S20 Remote Batch

#15

Post by kick » Mon, Apr 20, 2020, 7:07 PM UTC

ThePhysicist wrote: post #2

If they now would be able to invest in foreign companies like GmbHs or UK Limiteds it would be perfect. I understand why they don’t want to do that but I think for a lot of companies to which YC could be interesting (us included) it’s simply not possible or very difficult to do a flip to a US company.

That increases complexity drastically for what's basically a third and a sixth of the reward, if even that. I don't think it makes that much sense.

Re: YC S20 Remote Batch

#16

Post by dt3ft » Mon, Apr 20, 2020, 7:15 PM UTC

I'd love to apply for 20-things.com. Would this be a waste of time, given the interest YC board has in Reddit?

Re: YC S20 Remote Batch

#17

Post by gnicholas » Mon, Apr 20, 2020, 7:16 PM UTC

sdan wrote: post #4

As a Bay Area native I wish this hadn’t happen, but sometimes radical change creates radical results.

This is a single cohort, and they make no indication that they are changing their policy for future cohorts. No one in the Bay Area should care about this one-off change unless they applied to this batch and are worried about the extra competition.

Re: YC S20 Remote Batch

#18

Post by snowmaker » Mon, Apr 20, 2020, 7:18 PM UTC

dt3ft wrote: post #16

I'd love to apply for 20-things.com. Would this be a waste of time, given the interest YC board has in Reddit?

You should apply. Whether there are companies we've already funded doing something similar is not a factor in our decisions.

Re: YC S20 Remote Batch

#19

Post by aryankashyap » Mon, Apr 20, 2020, 7:19 PM UTC

dt3ft wrote: post #16

I'd love to apply for 20-things.com. Would this be a waste of time, given the interest YC board has in Reddit?

https://www.quora.com/Would-Y-Combinator-invest-in-a-company...

Re: YC S20 Remote Batch

#20

Post by dt3ft » Mon, Apr 20, 2020, 7:21 PM UTC

snowmaker wrote: post #18

dt3ft wrote: post #16

I'd love to apply for 20-things.com. Would this be a waste of time, given the interest YC board has in Reddit?

You should apply. Whether there are companies we've already funded doing something similar is not a factor in our decisions.

Thank you, glad to hear it, that helps a lot!