Welcome to The DailyTech Alternate, a weekly startups-and-markets publication. It’s impressed by the day by day DailyTech+ column the place it will get its title. Need it in your inbox each Saturday? Enroll right here.
For the primary time, France was one of many prime represented international locations in Y Combinator’s Summer time 22 batch. Three of the eight French startups chosen by YC are additionally former residents of the Station F campus in Paris, so we chatted with its director, Roxanne Varza, to know how that occurred and what others may study from it. Let’s dive in. — Anna
Meet the French
France was among the many prime 5 international locations represented in YC’s S22 batch, with eight of its startups becoming a member of the accelerator’s newest cohort. That was fewer than the U.S., India, the U.Okay. and Israel. But it surely was greater than Germany, which despatched six startups to YC this yr — a near-record for the nation, but in addition much less comparatively spectacular given its bigger inhabitants than France’s personal.
In absolute phrases, France is simply equaling its personal S21 document, however that batch had 390 members. As DailyTech reported final month, the YC S22 batch was a lot smaller, with some 240 groups. Because of this French illustration is proportionally on the rise, an excellent omen for France’s objective to be residence to 100 unicorns by 2030.
Let’s add a caveat that we’re following YC in utilizing “French” loosely right here — nearly each single one in all these eight groups has a distant part, and a few even have a presence within the U.S. or different international locations. Nonetheless, this isn’t particular to France, as YC famous that among the many startups in its newest batch, 35% had been distant and 37% had been remote-friendly.