Y Combinator Picked a Fight with Canada — and Quickly Backtracked

Y Combinator picked a fight with Canada — and quickly backtracked

Gary Tan said that some academic entrepreneurship programs are creating "fake" founders like Elizabeth Holmes and Sam Bankman-Fried.Harry Murphy/Sportsfile for Web Summit via Getty ImagesThe startup accelerator Y Combinator recently removed Canada from its list of acceptable countries for incorporation.Canadian investors and founders sounded off after YC's Garry Tan said US-incorporated startups had easier access to capital.Y Combinator has sinc…

Y Combinator to restart investing in Canadian-incorporated companies after backlash

Silicon Valley startup incubator Y Combinator (YC) will restart investing in Canadian-incorporated companies, backtracking on its decision to remove them following complaints from tech entrepreneurs and investors in Canada.

Y Combinator to resume investing in Canadian-incorporated startups

The sudden U-turn follows strong reaction to Y Combinator’s decision to remove Canada from its list of acceptable countries of incorporation

Y Combinator reverses decision, will invest in Canadian-domiciled startups again

Y Combinator has once again revised its standard deal terms, this time to add Canada back to its list of accepted countries of incorporation. “I guess being a fucking pain works.” John Ruffolo,Maverix Private Equity The accelerator’s standard deal terms webpage was revised at some point between November and January to remove Canada as a supported country, which would have forced Canadian founders to reincorporate their startups in the United St…