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Pointing fingers all the wrong directions. Hope it feels good to get it off your chest at least. A more productive discussion is methods for capital formation

Pointing fingers all the wrong directions. Hope it feels good to get it off your chest at least. A more productive discussion is methods for capital formation and how some methods can reduce inequality better than others. Judging from what you wrote, it doesn't seem like a search query you would ever have run yourself. There are some interesting things going on around the world on this issue.

somekindaplan 10y ago
Feel free to disagree with any of what I've said. I think my suggestion for YC is far bigger than anything else being suggested. It may be controversial to say they're doing a bad job right now but that's what I think the truth is. YC is in the unique position of being able to fund thousands of poor people and yet they choose not to. Why? They don't believe poor people can be successful? They don't want to help poor people? What is it? Almost every poor person who got rich had some rich person's help. This is a fact of history going back thousands of years. There are very few exceptions. Trump had his father's help. Steve Jobs had Mark Markkula's help. Paul Graham had a rich lawyer's help. Sam Altman had Paul Graham's help. So what do poor people need to lift themselves and their families out of poverty? Help.
- Lordarminius 10y ago
  FWIW I tend to agree with you though I might phrase it differently. YC has done a great job so far and maybe we are expecting too much from what essentially is a venture capital(?) business. But see my comments above
- nugget 10y ago
  How would YC know if someone is poor when they apply? Just by what school they attended? I don't know the stats but I'd be shocked if the majority of YC's most recent accepted class were from ''Ivies'' (a very tiny population). I went to school with many brilliant but ''poor'' kids on full-ride scholarships. From my perspective the biggest barrier to them becoming entrepreneurs wasn't that nobody would fund them but rather that the immediate salaried incomes available to them upon graduation were life-changing for them and their families and ''too good to pass up'' in their personal risk-adjusted calculus.
- cash4cult 10y ago
  Wow most excellent comment. Yes, RICH Bill Gates had his father most powerful lawyer in Seattle. Larry Ellison had the CIA/NSA's full backing. If you want to be over $100M company, U must be involved with the GOV ( real secret shadow gov, not the public circus ) ... Helping poor people to be entrepreneurs is not what they really want, I think they have other priorities. If U study 'richest man in babylon' you can see that in all human history it's 2-3% of all men who always get all the money, its just human nature, a 'real' entrepreneur first and foremost must be a member of that genetic 3%. ... YC is a VC firm, their job is to get 100X return for their, and their clients ROI, that means they must find good investments and convince young-in's to sign over all their rights to the lawyers. I'm a firm believer in boot-strap startup, so that when the game is over, U own it all, 100%, otherwise you just waste your life for other people.

somekindaplan 10y ago

Feel free to disagree with any of what I've said. I think my suggestion for YC is far bigger than anything else being suggested. It may be controversial to say they're doing a bad job right now but that's what I think the truth is. YC is in the unique position of being able to fund thousands of poor people and yet they choose not to. Why? They don't believe poor people can be successful? They don't want to help poor people? What is it? Almost every poor person who got rich had some rich person's help. This is a fact of history going back thousands of years. There are very few exceptions. Trump had his father's help. Steve Jobs had Mark Markkula's help. Paul Graham had a rich lawyer's help. Sam Altman had Paul Graham's help. So what do poor people need to lift themselves and their families out of poverty? Help.

Lordarminius 10y ago
FWIW I tend to agree with you though I might phrase it differently. YC has done a great job so far and maybe we are expecting too much from what essentially is a venture capital(?) business. But see my comments above
nugget 10y ago
How would YC know if someone is poor when they apply? Just by what school they attended? I don't know the stats but I'd be shocked if the majority of YC's most recent accepted class were from ''Ivies'' (a very tiny population). I went to school with many brilliant but ''poor'' kids on full-ride scholarships. From my perspective the biggest barrier to them becoming entrepreneurs wasn't that nobody would fund them but rather that the immediate salaried incomes available to them upon graduation were life-changing for them and their families and ''too good to pass up'' in their personal risk-adjusted calculus.
cash4cult 10y ago
Wow most excellent comment. Yes, RICH Bill Gates had his father most powerful lawyer in Seattle. Larry Ellison had the CIA/NSA's full backing. If you want to be over $100M company, U must be involved with the GOV ( real secret shadow gov, not the public circus ) ... Helping poor people to be entrepreneurs is not what they really want, I think they have other priorities. If U study 'richest man in babylon' you can see that in all human history it's 2-3% of all men who always get all the money, its just human nature, a 'real' entrepreneur first and foremost must be a member of that genetic 3%. ... YC is a VC firm, their job is to get 100X return for their, and their clients ROI, that means they must find good investments and convince young-in's to sign over all their rights to the lawyers. I'm a firm believer in boot-strap startup, so that when the game is over, U own it all, 100%, otherwise you just waste your life for other people.