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YC is hosting interviews in New York in a couple of weeks; here’s what you need to know ahead of time – TechCrunch



YC is hosting interviews in New York in a couple of weeks; here’s what you need to know ahead of time – TechCrunch

For years, the popular accelerator program Y Combinator has interviewed applicants to its program in the Bay Area, reimbursing teams for their travel expenses. It will continue to do so, but the outfit tells us they are for the first time also hosting interviews in New York, on February 23rd, and that plans to interview applicants in both Tel Aviv and Bangalore are in the works.

We were in touch yesterday with YC partner Dalton Caldwell, who heads up admissions for the organization, to get a few more details that might be good for potential applicants to know.

TC: Remind us of what the in-person interview process involves. What are the steps to land time with one of the partners for an interview?

DC: Founders fill out an online application. The application is reviewed by YC partners. We invite select founders to meet us in-person for a 10-minute interview. We tell founders that day if they’re funded.

TC: And that application involves . . .

DC: The application asks for a one-minute video where founders can introduce themselves and their startups. There is no change from our standard application and interview process.

TC: How many people were accepted into the winter class and how many were rejected?

DC: We’re not yet announcing the stats from the Winter W19 batch. We’ll keep you posted on when those go live.

TC: When might YC revisit a team to whom it has said no?

DD: In a typical YC batch, about the half companies have applied multiple times before being accepted. If you’ve applied before and not gotten in, we strongly encourage you to apply again. Having made progress since your last application is a strong signal to us.

TC: How many times do people typically apply to YC before they are accepted?

DC: I don’t have this data handy. But roughly half the companies in a typical YC batch had a founder that applied more than once. Some teams apply once and get in, but we’ve also had teams that applied six times before they were accepted.

TC: Why is it necessary to host these interviews elsewhere?

It isn’t necessary for YC to do this, but it seems like a good thing to do. We often plan events for founders around the world and realized we could use those opportunities to interview local startups.

TC: What are you and the rest of YC looking for in these very short in-person interviews?

DC: YC interviews let us meet the founders and have a conversation about what they’re building. We ask questions and look at what they’ve built so far. The conversation helps us understand how founders think about the problem they’re solving.

TC: Will the interview process be any different in Tel Aviv or Bangalore versus here in the U.S.?

DC: Founders will experience the same process as the interviews we host in the Bay Area.

TC: YC says a “small number” of interviews will be taking place in a couple of weeks. What does that mean?

DC: We don’t have an exact number of interviews in mind. We’ll see what comes in and plan accordingly.

TC: Any ideas from now regarding how many startups YC can accommodate for its summer batch?

DC: We don’t set a specific number in advance.

TC: Is this a first step toward anything else, like Y Combinator New York?

DC: We’re staying in the Bay Area for now — but we’re always looking for ways to better support founders who are based in other cities and internationally.

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India’s top court finds Anil Ambani guilty on contempt in Ericsson case




India's top court finds Anil Ambani guilty on contempt in Ericsson case

FILE PHOTO: Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, addresses shareholders during the company’s annual general meeting in Mumbai, India, September 18, 2018. REUTERS/Francis Mascarenhas/File Photo

NEW DELHI (Reuters) – India’s Supreme Court said on Wednesday that Reliance Communications chairman Anil Ambani willfully did not pay 5.5 billion rupees to Swedish telecom equipment maker Ericsson, holding him guilty in a contempt of court case.

The court asked billionaire Ambani and two directors of RCom to pay 4.5 billion rupees to Ericsson within four weeks. They will face three months jail term if they fail to pay the amount, the court said.

The Swedish company signed a deal with RCom in 2014 to manage and operate its network and last year approached the court over unpaid dues of 5.5 billion rupees.

Reliance Communication said the company respect the court judgment and the “group shall comply with same.”

Reporting by Suchitra Mohanty; Writing by Rajendra Jadhav; Editing by Euan Rocha

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GM’s Arīv electric bikes are launching in Europe first




Even though the company designed and engineered the bikes in Michigan and Oshawa, Ontario, it will release them in Germany, Belgium and the Netherlands first. GM says it chose those locations “due to the popularity of lithium-ion battery-powered e-bikes in those markets,” which makes sense if you think about it.

The compact e-bike called Arīv Meld will set customers back between €2,750 and €2,800 (approximately $3,200). Meanwhile, the folding e-bike called Arīv Merge, which users can fold up and roll on two wheels if they want to, will set buyers back between €3,350 and €3,400 (around $3,900). Both models are now available for pre-order on Bike Exchange and will start shipping in the second quarter of 2019.


Arīv Meld

ArīvArīv Merge

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EU’s Vestager says not precluding Facebook case in future




EU's Vestager says not precluding Facebook case in future

FILE PHOTO: The entrance sign to Facebook headquarters is seen in Menlo Park, California, on Wednesday, October 10, 2018. REUTERS/Elijah Nouvelage/File Photo

BRUSSELS (Reuters) – Facebook is not currently in EU regulators’ crosshairs but it may well be in future because of the crucial role played by data, Europe’s antitrust chief said on Tuesday.

European Competition Commissioner Margrethe Vestager’s comments came two weeks after the German cartel office ruled that the world’s largest social network abused its market dominance to gather information about users without their consent.

Vestager said she has no case against Facebook regarding its market power for now but nevertheless was monitoring the market.

“We have some concerns. One thing is that we don’t have an open case now, that doesn’t preclude we don’t have a case in future. We are looking at the market very closely,” she told a European Parliament hearing.

The European Commission has previously indicated that Facebook’s issues could be better handled by privacy enforcers rather than by competition regulators.

Vestager has taken on tech giants including Google and Qualcomm in recent years and handed down million-euro fines for abusing their market power.

Reporting by Foo Yun Chee; editing by David Evans

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