sama

47 ms·

661.
by sama 12y ago
we didn't look at this here because we fund a lot of asian and indian founders, and we just don't have enough of a sample to look at e.g. native american founders. on things like education level, country of birth, age, etc we&#x27
662.
by sama 12y ago
more than 10,000. still, definitely small enough for random variance.
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by sama 12y ago
for gender, it's the entire applicant pool (we ask for gender so that's easy to compute.) for race, it's a bit harder. we don't ask for it, but we looked through hundreds of videos and made our best guess (it's als
664.
by sama 12y ago
on the contrary, most of my best investments have been in rounds of <$500k. i'm more afraid of startups raising megarounds as their initial round.
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by sama 12y ago
thanks!
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by sama 12y ago
YC partners: 1) recruit startups 2) select startups to fund and 3) advise startups. probably 90% of our time is in the third category.
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Welcome Michael, Jon, and Ilya(blog.ycombinator.com)
71 points by sama 12y ago|14 comments
668.
by sama 12y ago
thanks, fixed!
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by sama 12y ago
this sentiment is the reason we need to publish things like this. only about 11% of the founders we fund (and our applicants) are women (and this is a fair amount higher than the percentage most other firms fund). it's a big untapped
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Lecture 18: Legal and Accounting Basics for Startups(startupclass.samaltman.com)
247 points by sama 12y ago|92 comments
671.
by sama 12y ago
I realize that this sounds non-credible (and it's certainly one of the craziest professional things I've ever been a part of), but it's actually what happened. Yishan wanted to move the office from SF to Daly City. The board
672.
by sama 12y ago
The key difference here now is that billions of people are doing these things and there are emergent behaviors from the ubiquity that are powerful.
673.
by sama 12y ago
i really do think the central theme is the most important single thing for managers running startups to learn. (probably managers running lots of other things too.)
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Welcome, Ali(blog.ycombinator.com)
201 points by sama 12y ago|28 comments
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by sama 12y ago
they didn't pay me.
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by sama 12y ago
We expect ethical behavior from our community, and this fell well short of that standard. Obviously we didn't suggest or approve it, but we are still sorry it happened.
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by sama 12y ago
the best investors generally offer the cleanest terms. we advise founders to walk away from messy terms. what most investors mean here is not to obsess over small differences in valuation (most good investors don't do this either, but
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Startup School Livestream(ycomstream.com)
2 points by sama 12y ago|0 comments
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Our Journey to and Through YC(medium.com)
159 points by sama 12y ago|23 comments
680.
by sama 12y ago
this is from a newly-created troll account from a dorm in the netherlands. please go back to 4chan.
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by sama 12y ago
obviously not going to take it down, but it has 6 flags in 36 minutes (a very high number), and with a few more it will fall off the front page.
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by sama 12y ago
cool w/me!
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by sama 12y ago
to state what should be obvious, this was a decision by the company not the investors (also, the company made the decision before the round.) i'm skeptical of remote work for early-stage startups. i'm not religious about it for l
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by sama 12y ago
still haven't set it, but 9 years after demo day is certainly going to be over the bar.
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by sama 12y ago
sorry about that. going to try to add to the last lecture of the course.
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by sama 12y ago
actually i think younger founders have a lot more disadvantages, so it's very important to be aware of the advantages they do have. spotting market trends, stamina, and a relatively distraction-free life are at the top of the list.
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by sama 12y ago
it's online! don't be jealous; watch the talks.
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by sama 12y ago
yes, they are. all of these will be recorded and available online same-day. we'll also post all other material (readings, etc). it should be pretty good--i really tried hard to get the very best people i know on each topic.
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by sama 12y ago
if people have that impression, i think they looking for an excuse and not looking at data.
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by sama 12y ago
no, definitely not. we look for something impressive you've done or built, but that's much more important than where you went to school.

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