When The Replace wrote about Sweden’s startup scene at the terminate of remaining month, we stated we’d revisit the Nordics this week. Effectively, a promise is a promise.
But after spending hours watching YC’s Winter 2023 Demo Day pitches this week, we additionally couldn’t support however are trying to connect the dots: Are Scandinavian startups making waves at Y Combinator? Appears, no longer in actuality. And that’s in actuality attention-grabbing.
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Two: That’s the assortment of startups in YC’s most in trend batch with offices in Denmark, Norway or Sweden, per records from the accelerator itself. And yet, these three worldwide locations produce higher than their comely half of startups as in contrast with their greater European peers.
If you add up the truth that rival accelerators 500 Startups and Techstars maintain given up on their Stockholm programs, a sample begins to emerge. Could maybe or no longer it is that Scandinavian startups good don’t need global accelerators, thank you very distinguished?
A bunch disconnect
That there were so few Scandinavian startups in YC’s most in trend batch will be informal. YC step by step insists it invests in founders, no longer solutions; presumably, this additionally implies that it doesn’t give quite a couple of belief to impart of enterprise locations. In consequence, the assortment of startups from a impart country can vary quite a miniature bit from batch to batch.