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"And we’re still accepting late applications if you’ve always wanted to do YC but couldn’t move out to the bay area" - Aaron from YC. https://twitter.com/aaron_epstein/status/1252267533555470338...
How many companies from those late applications get accepted every batch?
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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.
Not sure I understand what you mean by "a third and a sixth of the reward", can you explain?
AS IF EVERYONE KNOWS WTF AN S20 REMOTE BATCH IS. The article doesn't define what an S20 remote batch is, nor does it link anywhere that may indicate just what the hell an S20 remote batch may be. > We are confident we can produce a great remote batch. I'm sure you are. Thank you.
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Not sure I understand what you mean by "a third and a sixth of the reward", can you explain?
Population of Germany and the UK, respectively, compared to the United States (probably a little fuzzy because it was recalled from memory, though). Not only smaller pool of applicants, but also smaller markets.
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.
I'd love to apply for 20-things.com. Would this be a waste of time, given the interest YC board has in Reddit?
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
With Germany being in the EU, you can also incorporate in whatever EU country you want. The UK is obviously out for now, but take Estonia for example. Makes taxes a lot more complex for the company, but much less so when compared to YCs way of transforming into a US Inc. with a German / EU local entity. Especially when there are now US based operations.
That being said, there is nothing wrong with sticking to one market. Not the last reason being to avoid the above mentioned entanglements.
I think people will be surprised how well this works. There are a lot of great startups that will be born in these times. Many of them will be "remote native" -- operated remotely, remote YC, and potentially tackling problems that have arisen due to the remote world we're living in. After this crisis is over, some things will go back to normal, but a lot of the changes will endure to varying degrees. I think people a…