Re:[Ask HN] Applying to Y Combinator from outside the US - S...
by mattrichardson on Wednesday October 03, 2012 @09:25AM
(#4607239)
This is not true. There are YC companies based outside the US. Songkick is the first that springs to mind, based in London.
IIRC, you can take your company back to any country (I'm sure they'll quiz you, why you think it's appropriate.) You will, however, need to move to SV for three months after a successful application and interview. After that, it's up to you..
btw, in doing so you will clarify and refine your ideas, that is why they insist on this procedure. It saves not just their time, but your time and money.
Now a few things to consider. There are, of course, many people were relocated to work for, or create a startup in Valley. This is the crucial point - YC supports only US-based startups.
They have power, connections, influence and almost unlimited money in valley, but can't do anything outside US. There are other connected guys in other countries.) So, you will work for them in US or, if your idea is that good, will bootstrap your company in the US (with them as privileged stockholders).
There is no way they can finance any business outside US, and you should try to find a domestic investors.)