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Plenty of good funding rounds, a highly skilled workforce and a strong entrepreneurial culture have given Amsterdam a booming startupecosystem. The median seed round is $500,000 (above the global average of $494,000) and a median Series A round for a startup is $2.4 Digital health, education, B2B SaaS.
In contrast to America, he points out how Sweden is among the most successful societies in the world from a social mobility perspective — referencing its free education and free health care, which sets up as many people as possible for success. “We didn’t have a lot of money,” he tells me. Pitch perfect, you might think.
Earlier in the month, S3 Ventures raised $250 million for its Fund VII, touting itself as “the largest venture capital fund focused on Texas-based startups.” S3 Ventures founder and managing director Brian Smith notes that when he started the firm in 2005, venture capital in Texas was finally starting to recover from the dot.com bust.
In contrast to America, he points out how Sweden is among the most successful societies in the world from a social mobility perspective — referencing its free education and free health care, which sets up as many people as possible for success. “We didn’t have a lot of money,” he tells me. Pitch perfect, you might think.
Last week, we launched our Summer 2021 batch here at Y Combinator, the 33rd batch since our founding in 2005. We aim to change each YC company into a better version of itself — into a startup which has a better chance of surviving the bitter battle where only the fittest and best-adapted companies survive.
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