When The Alternate wrote about Sweden’s startup scene on the finish of final month, we stated we’d revisit the Nordics this week. Nicely, a promise is a promise.
However after spending hours watching YC’s Winter 2023 Demo Day pitches this week, we additionally couldn’t assist however attempt to join the dots: Are Scandinavian startups making waves at Y Combinator? Seems, not likely. And that’s truly attention-grabbing.
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Two: That’s the variety of startups in YC’s newest batch with places of work in Denmark, Norway or Sweden, based on information from the accelerator itself. And but, these three nations create greater than their fair proportion of startups in comparison with their bigger European friends.
In case you add up the truth that rival accelerators 500 Startups and Techstars have given up on their Stockholm applications, a sample begins to emerge. May or not it’s that Scandinavian startups simply don’t want worldwide accelerators, thanks very a lot?
A quantity disconnect
That there have been so few Scandinavian startups in YC’s newest batch may very well be informal. YC usually insists it invests in founders, not concepts; presumably, this additionally implies that it doesn’t give lots of thought to workplace places. Consequently, the variety of startups from a selected nation can range fairly a bit from batch to batch.