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article imageY Combinator set to bring Startup School to India

By Sravanth Verma     Sep 14, 2014 in Technology
Y Combinator, an American seed accelerator, is said to be looking at offering its famed Startup School in India. The school offers upcoming entrepreneurs a chance to interact and get feedback and advice from investor and successful entrepreneurs.
The school is a day-long event that has brought tech honchos such as Facebook's Mark Zuckerberg, Hollywood's Ashton Kutcher and Amazon's Jeff Bezos to speak at the event. 2014 was the first year that the school held events beyond Silicon Valley, in New York and London. The school will be entering China next year. "We would love to have more presence so that Indian founders know YC is absolutely an option for them," said Kathrina Manalac, a partner at Y Combinator. The event schedule is yet to be fixed.
Y Combinator was formed nine years ago by Paul Graham and Jessica Livingston. Their typical funding style is to invest USD $120,000 over a period of three months for a seven percent stake. About 700 companies have been incubated by Y Combinator, of which 500 are still running and 200 have been bought up or closed.
India is becoming a hub for start ups, and even the new government of India is tech-savvy and digitally-oriented. Entrepreneurs have jumped onto the technology bandwagon and are offering everything from e-retail to online worship. When YC announced that it would be taking the Startup School global in May, entrepreneurs in India had voiced their interest for an event in India on YC's forum, Hacker News. "I hope they have India on their radar! It would be awesome for the Indian Startup scene to hear all those great speakers live," said Prakhar Srivastav, a forum user.
Y Combinator may have good reason for its India plans. They say that five percent of their twitter followers are Indians. Four Indian companies, ClearTax, Plivo, TapToLearn and HackerRank have been incubated by the company so far.
HackerRank co-founder Harishankaran K explained what made Y Combinator such a great booster for their business. "The core of HackerRank was built at YC. And because of the network effect, we could reach out to Dropbox and get feedback from them."
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