Way to put your money where your mouth is! Kudos to Sam. You are a good man. Hope this delivers amazing results.
YC Research
51–60 of 389 posts
Re: YC Research
#52Earlier quoted context omitted.
Any helpful teasers on what that domain might be ?
Sam has expressed his desired to get really good AI to become a thing. Since YC does a ton of tech I'd bet $10 it's AI. But of course this is just my useless speculation :)
He's also chairman of the board for two nuclear power companies. And YC itself has been branching into biotech and hardware and other science-y companies. Anything seems possible to me.
Re: YC Research
#53> YC has a very high problem flux at this point What does this phrase mean in English?
Just replace "flux" with "flow" and you get the picture. If you're at YC you (presumably) encounter lots of different problems in lots of different contexts, which is often a good environment to foster creativity and inventiveness.
Re: YC Research
#54> YC has a very high problem flux at this point What does this phrase mean in English?
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Re: YC Research
#55It takes a special person to donate $10 million to a new project. You don't get enough credit Sam Altman. Good job and a very good idea.
EDIT: Why am getting down votes for this comment? You must know that in this world not everyone is willing to part with their money and are not that giving. So relax before you down vote me promptly:)
Re: YC Research
#56Interesting. I am curious though, as to why YCR researchers will also receive equity in Y Combinator as part of their compensation? Especially given that both are organized separately and YCR discoveries won't be funneled through or used in YC. I am also assuming that YCR will pay market rate salaries.
Above market salaries and also equity. We want to get the best people in the world, and I think YC equity is a pretty compelling thing to get. We're competing against e.g. Google, and Google stock is also a pretty compelling thing to get!
How liquid YC equity is?
I assume that by getting google stock, someone can sell them easily in the public market. But how does it work with YC equity?
Re: YC Research
#57Interesting. I am curious though, as to why YCR researchers will also receive equity in Y Combinator as part of their compensation? Especially given that both are organized separately and YCR discoveries won't be funneled through or used in YC. I am also assuming that YCR will pay market rate salaries.
Above market salaries and also equity. We want to get the best people in the world, and I think YC equity is a pretty compelling thing to get. We're competing against e.g. Google, and Google stock is also a pretty compelling thing to get!
Seems like an effective system-level path around tech-transfer and licensing headaches. Open inventions feed innovative companies and back into research. Well done.
Re: YC Research
#58Interesting. I am curious though, as to why YCR researchers will also receive equity in Y Combinator as part of their compensation? Especially given that both are organized separately and YCR discoveries won't be funneled through or used in YC. I am also assuming that YCR will pay market rate salaries.
Above market salaries and also equity. We want to get the best people in the world, and I think YC equity is a pretty compelling thing to get. We're competing against e.g. Google, and Google stock is also a pretty compelling thing to get!
You could drop the equity and just locate somewhere with a lower cost of living as incentive. I vote for Detroit area ;-)
Re: YC Research
#59> YC has a very high problem flux at this point What does this phrase mean in English?
Problem flux means the rate of new problems that need solving.
Theoretical breakthroughs are often inspired by real problems. For instance, information theory arose from practical problems of wartime communications. YCR will be in close proximity (geographic, organization, and intellectual) to lots of startups with interesting and worthwhile problems to solve.
Re: YC Research
#60Will this be structured in a way where there are groups headed by "PIs" that set the research agenda, and researchers working under them, or will you be pursuing a different model?