Regardless, I think it will be hard to fully replicate the YC model, because it's unlikely these firms will generate the following YC has. This following equates to attention, press, prestige and connections for all the new YC companies.
Without all that, all you have is an angel investor. And there's nothing new about that.
Really, when it comes down to it, this is just an enormous validation for what's happening here. After all, "imitation is the best form of flattery."
Really, these guys aren't claiming to be YCombinator II. They're just validating the model and wanting to do something similar in Europe. They clearly state on their page "This site is inspired by, but not affiliated with YCombinator."
The YCombinators should be flattered, and everyone who participates in YC can give themselves a pat on the back for being funded by the original YC-style firm. [Hm, that has a nice ring: "YC funding" vs "VC funding". I wonder if that was intentional.]
Edit: Oh, now I see that they only added the disclaimer after a post in this thread called them out on it...
But copying the name, the index page slideshow, the application form: isn't that just out and out plaigarism?
I'm not sure what motivation I would have to suck up, either. I'm not applying for funding, nor do I have any plans to.
However the point remains, without the YC's following (us), the company is just another angel investor / incubator. And that's already been done. These guys are trying to copy YC, but forgetting about its one biggest differentiating factor.
Most people don't care much about plagiarism, they just think YC is a much better deal than its clones. And it is all about perception. The current clones look lame even at a first glance. If another tech celebrity tries to do the same thing, it would be a different story. A track record of successful startups would help you, but if you are right about the major shift towards startups, there is no way on Earth to keep all that market for yourself.
If you want to use the questions right down to the period, might have been better if you emailed and asked the Y team if you could do that.
I know its weird and you're probably thinking, who cares if they copy right down to the period? Its giving entrepreneurs a chance. Yes, but at least give credit where credit is due.
Its not like the idea of doing early stage funding is that new, nor is the idea of havign an application form new. Ok, so the questions may not be original-- but that's flattery, its not like the YC form is a trade secret!
Getting startups together for a fixed period in a fixed place is relatively new, and seems to be a YC idea. Ok, so what does it mean when others emulate this? IT means they think its a good idea! How does this hurt YC?
YC is evangelizing a different approach to early stage funding. Now others are emulating the idea-- there is no way in hell that this can be a bad thing!
This is called success!
Do y'all who were rejected by YC hate the fact that there are now other options?
Or do you think that these people are going to steal all the "good" startups from YC diminishing their pool?