As YC retreats from Africa, alumni launch accelerators to fill the gap

Quick Summary:

The influential accelerator Y Combinator made a splash in Africa in 2020 when it shined its light on the market and began to accept startups from the region into its cohorts.

During COVID batches, we were funding global companies via Zoom,” a YC spokesperson told TechCrunch.“Today, we require all YC startups to move to San Francisco, which has naturally changed the composition of startups that apply to YC.

Tage Kene-Okafor is a reporter at TechCrunch based in Lagos, Nigeria, covering the intersection of startups and venture capital in Africa.

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: StartupsBusiness

Markets: United StatesIndiaNigerNigeria

Topics: Resilience17 Accelerate africa Venture GoTime AI Y Combinator Africa Startups Yc

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-07 @ 15:15:22 (5 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1755 words

Reading Time: 10 minutes read

Sentences: 64 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24360316

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