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'Profit' is usually defined as pecuniary benefit. PG has stated elsewhere that he is not particularly concerned about this. In my charitable estimation, PG'
by Jd 19y ago
'Profit' is usually defined as pecuniary benefit. PG has stated elsewhere that he is not particularly concerned about this.
In my charitable estimation, PG's "Not a charity" statement means that YC is not in the business of giving out financial handouts. It does not mean that PG's first or only motive is pecuniary benefit.
We live in a culture defined by the worship of the Almighty dollar. If PG is at least hinting in a different direction, I'd say that's a good thing.
- create_account 19y agoWow, talk about missing the point!
- pg 19y agoOur main priority at this stage is not to make the most money possible, but to show hackers that starting startups works. The best way to do that is by example. We're hoping that 5 or 10 years from now, it will be a normal thing for the most ambitious hackers to start startups instead of going to work for big companies. We think that will make hackerdom as a whole dramatically more productive. If that comes to pass and we were among the leading agents of the change, it seems reasonable that we might make a lot of money from it. But we don't have any idea how much. In the short term we have to make at least enough to cover our expenses, because otherwise we'd run out of money and have to stop doing this.