Get the latest tech news
Y Combinator’s latest cohort had only one LatAm startup in large part because of AI
Brazilian startup Salvy, a mobile carrier for businesses, was the only company based in Latin America in Y Combinator's latest batch, the accelerator confirmed to TechCrunch.
“My own company is building generative AI models [and] based in Rio, so I don’t see it as necessarily true, but I understand for more junior founders, this must be relevant for mindset and references,” said Vieira Costa, whose no-code startup Abstra was part of Y Combinator’s summer 2021 batch. “When you look at the biggest startups coming out of Latin America in the past five years, they didn’t go through YC,” Latitud co-founder and COO Gina Gotthilf told TechCrunch via email. Unlike predecessors like Mercado Libre, these companies will find venture capital firms both local and global willing to look at them and offer them less dilutive terms that weren’t the norm before YC became a potential rival.
Or read this on TechCrunch
