It's good to see someone wondering about what to do to encourage younger founder in the more risk averse EU. Events like Barcamps and future of web apps are doing a great job of raising awareness and bringing the local startup communities together.

One of the most interesting problems that Saul has raised is finding the right people to fund. As YC has found an application form and interview don't always give you the best way of judging a team. Demos could provide a solution, as could recommendations & references. YC news is a very interesting solution, which I'll be keen in seeing the outcome of.

Has anyone got any ideas about how to find the right founders to fund?