<story><title>Y Combinator’s European founder intake continues to grow</title><url>https://sifted.eu/articles/y-combinator-founder-intake/</url></story><parent_chain><item><author>lrem</author><text>It&amp;#x27;s not &amp;quot;European startup ecosystem&amp;quot;, it&amp;#x27;s basically &amp;quot;European societies&amp;quot;. Imagine how well would SV work if being involved in a bankrupt company (co-founder, major investor, C-suite) made banks refuse to talk to you again for 10-20 years. I believe that was the case in France. You wouldn&amp;#x27;t even be able to open a checking account, never mention any credit again.</text></item><item><author>antupis</author><text>This is basically failure in European startup ecosystem that companies needs to go SF, but good for Y Combinator and SF that they can attract best talent.</text></item></parent_chain><comment><author>antupis</author><text>I think it is set of different problems Southern Europe and France are almost hostile to entrepreneurship and startups. Nordics, Baltic and Benelux countries mostly nail culture and regulatory frameworks but small markets slows down starting and scaling business. Personally I don&amp;#x27;t know what is problem with Germany probably something to do with how German is organised around manufacturing.</text></comment>
<story><title>Y Combinator’s European founder intake continues to grow</title><url>https://sifted.eu/articles/y-combinator-founder-intake/</url></story><parent_chain><item><author>lrem</author><text>It&amp;#x27;s not &amp;quot;European startup ecosystem&amp;quot;, it&amp;#x27;s basically &amp;quot;European societies&amp;quot;. Imagine how well would SV work if being involved in a bankrupt company (co-founder, major investor, C-suite) made banks refuse to talk to you again for 10-20 years. I believe that was the case in France. You wouldn&amp;#x27;t even be able to open a checking account, never mention any credit again.</text></item><item><author>antupis</author><text>This is basically failure in European startup ecosystem that companies needs to go SF, but good for Y Combinator and SF that they can attract best talent.</text></item></parent_chain><comment><author>qwerty456127</author><text>AFAIK banks are legally required to open checking accounts on demand of any resident in Germany, no matter their background. But I am not sure, just a rumor.</text></comment>