Comment by SkyAndSand
2 years ago
That doesn't really contradict what I posted? If you have a company in US, Canada, Singapore or Cayman Islands you can use that. If not you need to set up a company in one of these jurisdictions.
2 years ago
That doesn't really contradict what I posted? If you have a company in US, Canada, Singapore or Cayman Islands you can use that. If not you need to set up a company in one of these jurisdictions.
Ok, got it. My point was that you need to found a parent company in general. As I'm Austrian it doesn't matter if it's in the US, Canada, Singapore or Cayman Islands.
True, as Europeans we are basically always disadvantaged and need to set up a new entity to be able to receive an investment from YC (or likely most US investors).
A lot of US investors have, afaik, EU branches. Plus, you can easily have foreign owners of RU entities. YC is special because they refuse to go throigj the pain of doing so. Fair enough I guess, considering the number of investments they do.