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xoob | 18 years ago

Any idea why there are no efforts of starting a YC-like organization in other parts of the world? The only attempt I remember was yc-europe but I think they are gone. Isn't there any bunch of angels or VC's that are interested in doing this?

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whacked_new|18 years ago

In some countries there are laws that don't facilitate the formation of seed funding companies. e.g. A funding company can't simply take 5% equity for so much money in a brand-new company. Something like that. One reason among many.