In the summer of 2018, Qi Lujoined Y Combinator to help create YC China, a localized version of our U.S. program. As we worked to establish YC China, we had achange in leadership. With this, our strategy changed back to our tried and true approach of supporting local and international startups from our headquarters in Silicon Valley.
As a result, we decided that now is not the right time to run a new, country-specific version of Y Combinator. Qi and his team, however, will continue to leverage the work they put into YC China and support local founders who wish to stay in China; Qi will now fund companies under his new program, MiraclePlus.
Pulling back on creating YC China was a hard decision. The energy and talent in China is an amazing force. However, we will continue to support and fund Chinese companies who are interested in applying to YC — but as part of our U.S. program.
Most of all, we will miss having Qi be part of Y Combinator. Many of us have known Qi for decades; he’s an old friend and remains someone who YC will support and collaborate with for years to come.