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"Sam Altman has said that the only criterion Y Combinator uses to evaluate applying companies is, “Can this be a $10 billion plus company?” like Airbnb and Drop
by plinkplonk 9y ago
"Sam Altman has said that the only criterion Y Combinator uses to evaluate applying companies is, “Can this be a $10 billion plus company?” like Airbnb and Dropbox. "
I would have thought there would be no way to predict this when looking at the initial barebones product from a few hackers building something that barely works.
If Sam can do this consistently he is a genius. Except maybe Amazon, I can't think of a single company I would have identified as "having the potential to grow into a 10 billion dollar company" in its initial form. :-(
- the_economist 9y agoPotential is defined pretty loosely as "1/200 chance of being worth 10 bil plus" based on their track record so far. You might be able to do that if you had enough amazing people / companies offering you equity.
- beal 9y agoI think what he's saying is that there are a subset of companies that no matter how successful they get, they are not in a market to ever be worth 10 billion.