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I Am Sam Altman, President of Y Combinator. AMA

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Re: I Am Sam Altman, President of Y Combinator. AMA

#311
post #290
post #266

Earlier quoted context omitted.

How long did it take for us (the West as a whole) to recognise the situation in Syria, and how many Syrians died in the meantime?

Very thought-provoking question but you've now completely diverged from the original topic.

You suggested that those in 'dire straits' are treated differently, and I responded that, yes, they are, however it takes a significant amount of time and lives lost for us to recognise this.

Re: I Am Sam Altman, President of Y Combinator. AMA

#312

Hey Sam, Any comment regarding Jason Calacanis being banned from YC's upcoming demo day? Jason tweeted[1] his side but didn't know what the YC side of it was and was curious. [1] https://twitter.com/Jason/status/710176806184349696

Jason is a bully. I've heard plenty of horror stories of people who have worked for him. I'm not surprised in the least and I'm extremely glad to see people standing up to him.

Just for what it's worth, as I know it isn't the same as working for someone - I interviewed for a position working directly for Jason and he was all class. I'm a designer and part of the interview process, as is often the case, was to complete a small design project. He flat out insisted on paying me for my time (nobody else in my career has ever even offered) and wouldn't take no for an answer, and was professional and courteous during both the interview and his eventual decline to hire me.

Re: I Am Sam Altman, President of Y Combinator. AMA

#313
I'm working on a piece about universal basic income, and I have the following summary of the how I think that many tech people like yourself believe UBI is going to work:

1. Companies innovate by doing things more cheaply with automation than human workers can do them.

2. As a result of automation, the more efficient companies reap all the profits in a market as they drive the less efficient companies out of business (and the humans out of jobs).

3. This bonanza of profits that automation yields is taxed.

4. The taxes from the accumulated wealth of the winners -- wealth that, again, exists because the winning companies' machines were able to do things more efficiently than the losing companies' human laborers -- go toward paying the laid-off laborers a basic income.

Any I missing anything?

Re: I Am Sam Altman, President of Y Combinator. AMA

#314
post #123

When doing a hard tech startup, how can you show traction/product-market-fit to investors before your product is being sold? The cost of going from crude prototype to sellable product can easily be in the 6-figure range, so how do you break this Catch 22?

You can usually find some intermediate milestone to prove to investors you're more than just a talker.

Do you have any examples?

Re: I Am Sam Altman, President of Y Combinator. AMA

#315
post #305
post #266

Earlier quoted context omitted.

How long did it take for us (the West as a whole) to recognise the situation in Syria, and how many Syrians died in the meantime?

> How long did it take for us (the West as a whole) to recognise the situation in Syria, and how many Syrians died in the meantime? Should probably recognize that civil wars, genocide, and humanitarian disasters are occurring all around the world, right now, and no nation is doing anything about it (nor does the average person even know about these). Nations of the world have no real obligation to do anything... whic…

>and work is being done to accomplish this.

That's the best euphemism for bombs and sponsoring what we would otherwise consider terrorist organisations I've ever heard.

Re: I Am Sam Altman, President of Y Combinator. AMA

#316

Does this statement risk a tortious interference with business relationship suit? You have published a statement that could reasonably interpreted as Jason Calacanis mistreats founders by bullying them, changing offers, sharing their confidential info and other things. That intentionally obstructs Mr. Calcanis from entering into valuable business relationships with startup company founders. It seems very risky unless…

Truth is an absolute defence for libel.

Re: I Am Sam Altman, President of Y Combinator. AMA

#319
post #175

This is going to sound crass, but if a founder can't make the sacrifice to spend 3 months in SV for YC, are they really prepared to build the next billion dollar company?

If that founder is a director of engineering/product in an enterprise software company in Atlanta, has a spouse, two kids and a mortgage, and the health insurance is dependent on her/his employer, then they will probably have a higher sacrifice than if they are a single Stanford grad living in SF with a year of saving after working at Google. They both need to make a sacrifice but it's not the same scale. If you make…

I wouldn't bet on a founder who is not willing to take on risks. I am not being judgmental, I'm just saying whoever complains about this should face the reality--The reality is that there are tons of other people who are as qualified as this person who ARE willing to take that kind of risks. All things equal, there's no reason why VCs should fund people who don't want to take risks.
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