91–100 of 389 posts
It 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:)
Earlier quoted context omitted.
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.
> "To start off, I’m going to personally donate $10 million..." Holy cow. That's real money. Sincerely very impressed by the commitment.
>Széchenyi gained a wider reputation in 1825, by supporting the proposal of the prime minister, Nagy, to establish the Hungarian Academy of Sciences; Széchenyi donated the full annual income of his estates that year, 60,000 florins, towards it.
Why not give YC a 7% ownership of the IP and YC the other 93%. That would definitely drive the more entrepreneurial scientists to work there and also allow YC to monetize products out it's own research. I have some ideas on technologies that are harder to create and takes time, but actually want to own the IP at the end.
I suspect that one of these "YCs" is supposed to be someone other than YC, but its not clear which one.
Earlier quoted context omitted.
Bell Labs had an annual budget of over 3 billion since the 80s.
Clearly if it seems promising we're going to up the funding significantly.
> YC has a very high problem flux at this point What does this phrase mean in English?
Honestly I'd like to see Kickstarter take a stab at this too, providing the general populace with an outlet to support research projects.
I like the idea of YC funding research. Bias free and politics free research can go a long way. A couple of questions though for @sama: 1. Where will the research be based? Is YC providing space to setup lab? 2. One of the problems I see with this is lack of fellow researches present on site making casual collaboration harder (compared to a research university campus). Have you thought of that? 3. Are you planning on…
1. SF for now. 2. Yes, eventually we'd like to have multiple groups in the same space just for this reason--I always think the interdisciplinary stuff is underrated. 3. Some of both, probably, but mostly we want to support people that the existing system does not support (e.g. people that are not yet famous)
It 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:)
I downvoted by mistake! I wanted to upvote.