4 ms·

It's interesting to me that Sam Altman, who was ~15 (same age as I was) during the 2000 dot-com boom/bust is $100k certain that his companies will be worth $200

It's interesting to me that Sam Altman, who was ~15 (same age as I was) during the 2000 dot-com boom/bust is $100k certain that his companies will be worth $200bn in 5 years. I'm curious whether that's confidence in the companies, confidence in the market or confidence coming from not having been involved in dot-com 1.0. To me, the writing on the wall for VC companies was when Paul Graham stepped aside. Based entirely just on my own conjecture, I suspect he realized that the glory days were coming to a close and chose to look for something else to do. Curious to see if that's how it'll pan out.

foobarqux 11y ago
pg is rich and probably wanted to spend time enjoying life and raising his kids.
- JonFish85 11y ago
  He was rich beforehand. What changed?
  - foobarqux 11y ago
    He got older and had kids.
  - beat 11y ago
    He did what he set out to do. PG is a founder. The company he founded (in this case YC) has succeeded and matured. It needs managed now, not kicked into existence. Who knows? Maybe he'll find something else exciting to do.
deleted 11y ago
[deleted]
Mc_Big_G 11y ago
$100k to Altman is like $100 for you.
- JonFish85 11y ago
  Fair, but ultimately it's not so much about the money as it is about the publicity. The money is just to catch people's eyes and to keep things interesting-isn.