How does this work since foreigners are still not allowed to have equity in Chinese startups? Is YC getting an exemption from the government, or are they holding it in a Chinese incorporated company?
I am amazed by the negativity in the comments. China is a very specific environment with its own rules - just like the US or Europe.<p>There you need to maintain good relations with the party, in the western world it is government officials (preferably those who are not voted into office and thus stick around).<p>Entering such a new, different playing field should tickle every entrepreneur's nerves.<p>Edit: How we fail, esp. in the fb- and now Google debate, that most of the tech we develop is dual-use and can be turned against us in an instant, escapes me.
I have the priveledge of being around Chinese students who are studying in the US. Two comments I've heard recently:<p>'Doing research in China is the dream'<p>'I'll move back to China after I graduate; there's more opportinuty for startups there.'
you go china, you listen to CCP, then you probably will make some money by trading away your soul.<p>if you want to have freedom of speech there somehow, you're out immediately, the great firewall is there for a reason.
This is awesome. I’ve been wondering how hard it is to partner up, give trainings or consult in China. Without many english speakers there it seems that the Chinese language is a pre requisite but it might be getting better.<p>If anyone has experience to share I’d be interested. I’m guessing this kind of ventures might be easy sales to universities like Tsing Hua.
I don't find Beijing to be the best place to start something like that. I'd rather prefer Shanghai which provides a much better ecosystem and access to capital than Beijing.
A country where if you disagree with any policy on social media, your kids literally can't go to school, you can't fly and you can't buy a house.<p>Sure, I'll invest right away!
I'm not optimistic about this at all. The same metrics for success just don't apply in China. All the elements necessary for success in the US could be there, but in China the startup may get red-taped and legislated out of existence in favor of a basically identical entity with better connections to the Satanic squid in charge of the country. I predict a rapid demise for this project, sorry to say. Talented Chinese entrepreneurs, please make your way out of the country as soon as you can.
I'm disappointed to know that YC has drank the cool-aid on China. Once you invest significantly in China, you quickly find yourselves beholden to the whims of the CCP. And for what? Such privileges as building their dystopian techno-autocracy for them? I don't see any signs in this statement that you are going into this with your eyes open to either the difficulties this will cause down the line, nor the morally "questionable" things you will all be a part of building now. Of course, none of that will be in there, because you all already know that to say anything untoward on the matter would break the ice right out from under your feet.<p>And of course, that's all if you're actually "successful", unlikely given the CCP will prefer something more malleable than even the likes of Zuckerberg are willing to be. I foresee a rapid demise to this project, indeed, I pray for it, as the alternative, you guys actually succeeding, would be painful to watch given what it will involve.
They need compete with www.sinovationventures.com.'Sinovation Ventures' has quite a few similarities to YC, for example:The founders like to support each other, etc
This will fail so much. If you ever had anything to do with China you know there's no path in. Especially under Xi.<p>Even in the old lang sine, when China was (more) open to the West it was still hard. Think about getting serious stuff stolen, threatened by people with sticks etc. Then you sue someone and the judge simply decides in favor of the Chinese party, no matter what they did.<p>The only option I can see is if you have privately loads of money and then marry a strong business family in China. Then through your Chinese wife you can achieve something.
Will there be a livestream? Would be a great opportunity to try out instantaneous real-time audio and video translation in english, chinese and japanese ;)<p>Baidu Shows Off Its Instant Pocket Translator<p><a href="https://www.technologyreview.com/s/610623/baidu-shows-off-its-instant-pocket-translator/" rel="nofollow">https://www.technologyreview.com/s/610623/baidu-shows-off-it...</a>
Very exciting news!<p>I hope YC will help Chinese startups become global. My biggest problem with Silicon Valley is its ideological uniformity and the increasing willingness to use their companies/products as vehicles to push their ideologies.<p>China would be in an excellent position to address the part of the Western market that is increasingly alienated by this push. They can build SV tech clones for the local market, and then expand to the global market by offering ideologically more neutral (from Western perspective) alternatives to SV tech.<p>Chinese startups will have their own flaws, but at least we will have a choice.
Thank you so much for displaying that YC has taken a step toward accepting China's desires to rule the world and a step away from supporting free and open cultural discourse. I think I'm going to be avoiding HN for a while, so that I can avoid the pro-Chinese propaganda and policy which is likely to result from this move.
To people debating whether China are the good guys or not - hundreds of thousands Falun Dafa practicioners are locked up in Chinese concentration camps. Thousands have died of torture. Many more are suffering it everyday. China is ruled by a cruel evil regime. No question about it. You won't hear people involved with China talk about it. You won't be allowed into China if you do.
Out of all places? Why???<p>And...<p>>Saturday, May 19, 2018 (5 月19 日，周六)
>Tsinghua University （清华大学)
Beijing, China （中国北京)<p>This is just... they could've just went for the central committee party school if they wanted to get high profile handshakes that much
How does this square with <a href="https://news.ycombinator.com/item?id=16918480" rel="nofollow">https://news.ycombinator.com/item?id=16918480</a> ?