When The Trade wrote about Sweden’s startup scene on the finish of final month, we mentioned 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, probably not. And that’s really 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 knowledge from the accelerator itself. And but, these three nations create greater than their justifiable share of startups in comparison with their bigger European friends.
When you add up the truth that rival accelerators 500 Startups and Techstars have given up on their Stockholm packages, a sample begins to emerge. Might 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 typically insists it invests in founders, not ideas; presumably, this additionally implies that it doesn’t give a whole lot of thought to workplace areas. In consequence, the variety of startups from a particular nation can differ fairly a bit from batch to batch.