When The Change 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 workplaces in Denmark, Norway or Sweden, in line with information from the accelerator itself. And but, these three international locations create greater than their justifiable share of startups in comparison with their bigger European friends.
Should you add up the truth that rival accelerators 500 Startups and Techstars have given up on their Stockholm packages, 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 could possibly be informal. YC typically insists it invests in founders, not concepts; presumably, this additionally implies that it doesn’t give a whole lot of thought to workplace areas. Consequently, the variety of startups from a particular nation can differ fairly a bit from batch to batch.