sama

162 ms·

751.
by sama 13y ago
very few people do YC primarily for the money (though, as i said in the post, more money for less equity is definitely better than the opposite!), and whether a company is brand new or 6 months old, we think we can increase their valuation
752.
by sama 13y ago
not much to explain--the reason for this is so that YC itself still has no LPs, and can do new things like fund non-profits without being restricted by an LPA. mechanically, the company gets two separate checks form two separate legal enti
753.
The New Deal(blog.ycombinator.com)
625 points by sama 13y ago|178 comments
754.
by sama 13y ago
to be super clear: YC is not hosting the event, just lending the office space. my apartment is far too small. there's plenty i think obama has done badly, but i think he's done a lot of good things too. and for the political iss
755.
by sama 13y ago
planning to ask about surveillance issues.
756.
An Update on HN Comments
339 points by sama 13y ago|262 comments
757.
MakeGamesWithUs Summer Academy Deadline Today(mgw.us)
22 points by sama 13y ago|1 comments
758.
Welcome Kat, Yuri, Patrick, and Elizabeth(blog.ycombinator.com)
232 points by sama 13y ago|29 comments
759.
by sama 13y ago
to make a ton of money, you normally have to create a ton of value. the best way to do that is usually to change the world in some way, however small. most great founders want to both do something great and to make a lot of money.
760.
Was Y Combinator Worth It?(wiwillia.com)
90 points by sama 13y ago|72 comments
761.
by sama 13y ago
this is one of the many reasons we advise startups not to hire during YC. most startups we work with wait to hire until they have raised enough money to make it reasonably safe to join them. and employees should always ask a startup how muc
762.
by sama 13y ago
software!
763.
by sama 13y ago
Read the article carefully; we won't. We'll accept female-founded companies because some of them will be extremely successful. Everyone is subject to the same bar (this is addressed in the middle of the post).
764.
by sama 13y ago
I said "we're not doing this for diversity's sake alone." It'd be terribly unfair to the super qualified people we work with to imply that we were working with them just because we wanted diversity.
765.
by sama 13y ago
People seem to be trying to deliberately misunderstand my point. 1) I don't think this should just be for YC. I'm just volunteering to beta test it. I think we are very likely to show success, which would hopefully open it much
766.
by sama 13y ago
I actually ran the idea by a few other firms and they didn't seem quite as interested in international founders as we are. We're willing to do the work on this. If others are, that'd be fine with us too. We just don't
767.
by sama 13y ago
It shouldn't be the only way to get a (nonimmigrant in this proposal, incidentally) visa. But I really do believe it should be one way--it's hard to argue that more startups would hurt the economy. I agree with you that there is
768.
by sama 13y ago
probably a lot of minor changes that all together will help us grow a lot.
769.
by sama 13y ago
:)
770.
by sama 13y ago
no i prefer running shoes
771.
by sama 13y ago
I’m very excited about this. YC is the smartest group of people I’ve ever worked with, and I believe that startups are going to be the major driver for innovation and economic growth going forward. I was thinking this morning about what it
772.
by sama 13y ago
don't feel guilty. I'm blogging to practice writing. It surprises me at least as much as you when articles like this do well on HN and makes me feel embarrassed I didn't make them better (there are some posts I work really ha
773.
Why Abercrombie is Losing its Shirt(nymag.com)
3 points by sama 13y ago|0 comments
774.
by sama 13y ago
these are examples of real need for anonymity, but something like secret would be a bad platform for it.
775.
by sama 13y ago
I should clarify what I meant by "decay"--services can continue to grow, but if the quality (defined loosely) goes below a certain point, I think it's hard to make them into really valuable businesses.
776.
by sama 13y ago
Partially because real wages for people making minimum wage are down (I touched on some of the reasons why in the post). It's worse in concentrated rich areas like San Francisco. However, I do think costs have come down in a lot of ar
777.
by sama 13y ago
oops--fixed. i changed from an extreme specific example to averages, but forgot to update the text. thanks!
778.
by sama 13y ago
It does not work this way. You do not get to cite made up numbers with anonymous sources that clearly contradict some public info (e.g. the graph PG tweeted in November) and use that disinformation as an attempt at blackmail to get the com
779.
by sama 13y ago
Per my earlier comment, the liquidation preference thing is just completely inaccurate. And the ~50% growth rate comment is just so insanely inaccurate I'm not even sure how to respond. (do have a look at this, though: https:/&#
780.
by sama 13y ago
For example, the liquidation preference is a standard 1x, not 2x, which is a very important inaccuracy.

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