In terms of globally successful technology startups, Europe has failed to deliver and falls far behind. YEurope may be a forerunner of changing times. Y Combinator's European cousin (or clone) is YEurope - a venture capital firm specializing in funding early stage European internet and communication technology startups. Similar to Y Combinator and TechStars, YEurope invests in startups based on the number of founders (1-3, 5000Ã¢â€šÂ¬/each) while taking a 2-10% stake in the company. YEurope believes that location should be no boundary for success and successful startup companies need not come from the Silicon Valley.
|Apr 25, 2007||TechCrunch - Y Combinator’s Unathorized European Clone|