sama

32 ms·

391.
by sama 11y ago
Limited to the US for now but maybe not forever. Someone in Canada should start something similar! Yes, very happy to collaborate with outside orgs.
392.
by sama 11y ago
For stock compensation, yes!
393.
by sama 11y ago
Disagree. No one at YC could interview the Airbnb guys and not fund them. I didn't know Drew back then but I expect it would have been the same thing for him.
394.
by sama 11y ago
1. Never say never, but no current plans (and honestly, it might make more sense to do something outside the US next). The hardest part would be convincing some of our partners to move out there, or finding new ones we could train out here
395.
by sama 11y ago
We will probably make it an ongoing program, and if so we will make it an equity deal. I'm not sure what our ongoing stance on having already raised money will be, but likely there will be some sort of carveout for a very small amount
396.
by sama 11y ago
No negative effect, but partners that read your application before the edits won't read it again.
397.
by sama 11y ago
A or B.
398.
by sama 11y ago
We have this: http://fellowship.ycombinator.com
399.
by sama 11y ago
It's ok as long as you have a plan to make money eventually (i.e. http://blog.samaltman.com/unit-economics ) However, why not charge on day 1? It sounds like something people should pay for. And charging always makes
400.
by sama 11y ago
It totally depends on the company. Are you going to get as meaningful (i.e. more than 1%) equity grant and real responsibility? Do the founders seems good, and good to work with? Obviously if you can join the next Facebook as an early emp
401.
by sama 11y ago
Maybe, but I'm not sure small companies are the best funders for this. One of the nicest surprises about the YCR announcement was how many very rich people and large organizations reached out saying they wanted to give money. It seems
402.
by sama 11y ago
I mostly only know about YC companies other than what I've read in the press about large companies, but it seems like this has gotten much better. We want to create a new employee option plan with all of our recommended fixes. We&#x27
403.
by sama 11y ago
The first thing I read is "What is your company going to make?" Then I scan everything else quickly for evidence of something exceptional--something the founders have done, a great insight on this idea, or something impressive ab
404.
by sama 11y ago
Certainly hasn't happened yet. It may be that human/phone I/O is just too slow. It's not the area I'm most focused on, but would be interesting if it happened.
405.
by sama 11y ago
That's ok; we understand.
406.
by sama 11y ago
I think they should just try to raise large amounts of money rather than partner with large companies for development. However, they will need to partner with utilities for pilot plants. I can't speak to the other companies, but my ho
407.
by sama 11y ago
We never plan this in advance. Depends how many companies we fall in love with.
408.
by sama 11y ago
I believe any of us could do it.
409.
by sama 11y ago
Yes, for sure. I think the starting points you mention are very promising ones.
410.
by sama 11y ago
Yes, I think so, and I'd be surprised if it's not commonplace by 2030. I think the best thing YC can do is fund startups enabling this (and offering good applications on top of it).
411.
by sama 11y ago
We don't mind ideas that start off sounding modest if you have a great answer to how it could possibly develop into something huge. In fact, we like ideas like that.
412.
by sama 11y ago
It was /dev/finance, which became Stripe. (This was sort of funny years later, when I was sorting through my stock certificates. I momentarily forgot that Stripe was originally called something else, and put that stock cert in th
413.
by sama 11y ago
I think that technology increases wealth but also concentrates it. We are all better off, but the inequality is likely to get worse over time. This has been going to some degree since the first tools were developed. I'm not ready to
414.
by sama 11y ago
The burden of proof to show us you can handle starting a startup is higher. So some evidence that you can execute by yourself (i.e. progress) goes a long way.
415.
by sama 11y ago
Very likely yes.
416.
by sama 11y ago
Mostly the algorithm was to ask very smart people "who are the top 3 smartest people you know in area X" and then go after the people whose names kept coming up.
417.
by sama 11y ago
Honestly it will mostly be category 1 to start, but there is at least one category 2 project we want to pursue.
418.
by sama 11y ago
1. Great question, we've spent a lot of time cycling on this. There will be a "PI" for each group, but the sort of PIs we will bring on will be people who will give large amounts of autonomy to their teams--ie, each group wi
419.
by sama 11y ago
I certainly don't think you need to be in SF for it, though it is easy to find here. If I had no family ties and wanted to be in tech, I'd still move to the bay area even with the cost of living being what it is. But I don't
420.
by sama 11y ago
The YouTube counter has never seemed to work well with our reviewing software, so I'd ignore that. That said we do get to spend more time on applications that get submitted early (as we've always said) so there is a slight advanta

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