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Siddharth K Nair
Thatmoonemojiguy šĀ ā¢Ā 20d
š From 66 to 4: What's happening with Y Combinator and Indian Startups? š®š³ Y Combinator's backing of Indian startups significantly dropped in 2024, and it's a fascinating shift! Here's why: * "Reverse Flipping" Costs: YC's requirement for a US/Canada/Singapore/Cayman Islands parent entity clashes with Indian founders increasingly preferring local domicile, leading to high tax implications for "reverse flipping" back to India. * Deeptech & AI Focus: YC is now prioritizing deeptech and AI-first startups, which often rely on US based technical talent and cutting-edge research, making it tougher for early-stage Indian companies to fit the mold. * India's Own Boom: The rise of strong domestic capital and attractive Indian stock exchange listings mean founders have more local funding options, reducing reliance on global accelerators. Plus, India is seeing its own wave of YC style accelerators! This signals a maturing Indian startup ecosystem, finding its own path to growth! Read more about it here: https://share.google/5VyD6dOnhMdS7nVy9
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