European Clone Y Combinator

If imitation is a true form of flattery, then Y Combinator may consider itself to be twice honored. Previously, the methodology of investing small amounts of money to a wide range of young entrepreneurs was borrowed by the Colorado firm TechStars .

This week, the second Y Combinator clone appeared, this time in Europe. YEurope launched its own similar program for European Internet startups. The choice of the name of the clone has already caused some controversy in the comments of the Y Combinator news section, although this is not surprising. In addition to copying the letter “Y” at the beginning of the title, on the first page of the European clone is a slide show (ironically the product of the Y Combinator startup), which repeats the original.

But all these details have hidden the main essence of a startup - supporting the entrepreneurial spirit in Europe. Like Y Combinator with TechStars, YEurope invests in startups based on the number of creators (1-3, 5000 each), and takes a 2-10% share of the company. YEurope plans to build 8 startups that will travel to Vienna to create their own companies.
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via TechCrunch