Written by Roxanne Varza
If there is one man I’d like to be right now, it’s Paul Graham. His incredible startup mentoring machine, Y Combinator, has churned out tons of hot startups, including the likes of DropBox, Xobni, Scribd, AirBnB and many more names that have made Silicon Valley’s A-list. And now, many European entrepreneurs and investors have been eyeing the model for quite some time wondering just how to bring it to this side of the Atlantic.
Graham himself has no plans to export the model elsewhere. He believes that Y Combinator’s success is strongly linked to the high density of angel investors in Silicon Valley – something Europe can't match. This includes investors Ron Conway, Dave McClure, Jeff Clavier and all the others that were somehow involved in what TechCrunch called the “Angel Gate” scandal. But even if European angel investors are scattered about the continent, and often criticized for being more risk averse than their American counterparts, that hasn’t stopped Europe from attempting a little imitation.
Read the full story at The Telegraph.