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YC now functionally resembles a world-class university: huge endowment; elite alumni; pure & applied research departments; staff scientists; education program;
by 100ideas 10y ago
YC now functionally resembles a world-class university: huge endowment; elite alumni; pure & applied research departments; staff scientists; education program; bi-annual semesterish schedule; all in service to the mission of improving the world by empowering the next generation of innovators.
MIT ignored YC, and now is competing with YC.
Next will be bargaining with YC :)
Then just partnering with YC...
- bzbarsky 10y ago> huge endowment Really? Some endowment sizes for world-class universities: MIT: $13 billion Caltech: $2 billion Harvard: $36 billion Stanford: $22 billion Princeton: $21 billion Yale: $25 billion Cambridge: GBP ~6 billion Oxford: GBP ~4 billion Caltech is the outlier here for US universities, but it's also an outlier in size; its endowment per student is still about $1 million, which is in the same ballpark as the other US universities on the list. See https://en.wikipedia.org/wiki/List_of_colleges_and_universities_in_the_United_States_by_endowment https://en.wikipedia.org/wiki/List_of_colleges_and_universit... for probably more data than you ever wanted. ;) I'm having a hard time finding how much money YC has lying around, but I would be rather surprised if it's in the billions USD. > pure & applied research departments; staff scientists On a _tiny_ scale compared to a world-class university.