4 ms·
> What's with that obsession about "billionaires"? If somebody can make a nice living with their business, isn't that good enough? Personally I think we are pe
by oblio 4y ago
> What's with that obsession about "billionaires"? If somebody can make a nice living with their business, isn't that good enough? Personally I think we are perfectly fine without billionaires.
https://news.ycombinator.com/ https://news.ycombinator.com/
-> https://www.ycombinator.com/ https://www.ycombinator.com/
->
> Y Combinator created a new model for funding early stage startups.
> Twice a year we invest $500,000 per company in a large number of startups.
> We work intensively with the companies for three months, to get them into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day, when the startups present their companies to a carefully selected, invite-only audience.
-> https://www.ycombinator.com/topcompanies/public https://www.ycombinator.com/topcompanies/public
Sometimes I guess we just forget where we are :-)
- Sharlin 4y agoSo is the premise that Y Combinator is only for billionaire-wannabes?
- iso1631 4y agoThe irony is the only person I personally know who founded a startup (he's the CTO) which is valued at more than $1b never looks at HN. So I guess yes, it's the wannabes.
- drewcoo 4y agoIt might be useful to have a billionaire-wannabe honey pot . . . I'm sure I'm years behind the curve on that idea, though.
- satvikpendem 4y agoYC isn't just HN though. Was he funded by YC at all?
- beambot 4y agoYC is creating venture-backed startups, where the nature of power-law returns necessitates aiming for "grand slams" (i.e. 100x outcomes following SeriesA funding). If successful, this creates billionaires. So in a sense (though I wouldn't conflate cause & effect): Yes, YCombinator is looking for people who want to create companies that could reasonably result in the founders becoming billionaires. Worth noting: Not all companies can or should target this trajectory -- which just means VC might not be the right funding source.