The Silicon Valley-based startup incubator, Y Combinator (YC) is officially coming to mainland China, our sister site has reported (in Chinese). The company has announced plans to enter China and welcomed startups in all phases to join their program whether it is concept stage, product testing phase or fast-growing stage.
Y Combinator said that they are looking forward to meeting and working with more Chinese entrepreneurs and announced the launch of their Startup School on May 19th at Beijing Tsinghua University.
Participants of the program will have the chance to work with YC partners, president Sam Altman and founders of YC-invested US startups such as Airbnb and Stripe as well as China-born Raven Tech and Strikingly. Raven Tech, a Chinese AI startup, was acquired by Baidu in 2017.
Founded in 2005, Y Combinator has invested in over 1400 companies including a long list of high-profile firms like Airbnb, Dropbox, and Reddit.
YC co-founder Eric Migicovsky has been in close contact with Chinese entrepreneurs and investors recent years. The company revealed that following its first batch of Chinese entrepreneurs who graduated in 2013, they have been seeing more and more companies from China graduating from their program and finding success.