Earlier quoted context omitted.
Thank you Sam. By the way here is the link to YC's page on Comment https://comment.ws/us/y-combinator
Dude, that site is very difficult to understand. Just saying.
I Am Sam Altman, President of Y Combinator. AMA
421–430 of 768 posts
Re: I Am Sam Altman, President of Y Combinator. AMA
#422Hi Sam! We here in Finland have been slowly developing a startup ecosystem. The effort started 5-years ago and now finally, thanks to the amazing bunch of volunteers, we have stuff like Slush and Startup Saunato show for it. What would be your advice in rocketing the finnish startup ecosystem to the next level? P.S. You should visit us sometime, we'd love to host you at Startup Sauna!
Not sama, but one suggestion: cut down on the sauna references (Startup Sauna, Silicon Sauna, etc.). It runs the risk of sounding too silly/humorous.
Re: I Am Sam Altman, President of Y Combinator. AMA
#423Hey 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 the only investor I've worked with that treated me simply as a founder, not a "female founder." This alone is a reason that new YC entrepreneurs should have access to working with him. He sets an example of how entrepreneurs should be treated. Jason has seen me at my worst, when I was ready to throw in the towel and battling with my board and generally having a tough, tough time, and I left the meeting with…
Re: I Am Sam Altman, President of Y Combinator. AMA
#424Re: I Am Sam Altman, President of Y Combinator. AMA
#425Earlier quoted context omitted.
Honestly, we are so busy, there are so many companies, and ideas are worth so little, that most of us don't think twice about a specific company once we move on to the next applications. The very best ideas usually don't seem worth stealing.
The concept of ideas being worth near to nothing is new to me, can you explain that thinking? Without monetary arguments this seems not right.
The concept to further research is execution vs ideas: https://www.google.com/search?q=execution+not+ideas
Re: I Am Sam Altman, President of Y Combinator. AMA
#426Hey 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
Re: I Am Sam Altman, President of Y Combinator. AMA
#427Obviously YC can't enter into NDAs with applicants but can you shed a little bit of light on what YC does to protect the applicants' business ideas? Some might be discouraged from applying because they fear if the idea is interesting (but not the team or there's another reason it's not accepted) that someone from within YC or a related ecosystem might just take the idea and look at the product so far and decide to ju…
Re: I Am Sam Altman, President of Y Combinator. AMA
#428Earlier quoted context omitted.
Leaving your area for three months isn't taking on risks. I'm sure YC would be foaming at the mouth to take basecamp and if they could start over with the ability to apply to YC I'm sure DHH and Jason would still turn it down if they were required to go to SF.
If you think you have enough knowledge and insight to criticize me, criticize my main point instead of trying to take things out of context to make your point. My main point was "There are tons of other qualified people who are as old as you and has as many children and wives as you, who are also tied with as many obligations as you. AND they ALL are willing to spend that 3 months in the bay area. Why would an invest…
To your point: >> The reality is that there are tons of other people who are as qualified as this person
I think this is where industry veteran may have an edge compared to "other qualified people" as you put it. Yes 20 years old founders are great for many reasons, but experienced veteran that know the system inside-out may have competitive advantages and know-how that younger ones don't have. And if that's right, I think it would be silly for YC to not invest in them because they can't move for 3 months. Actually, some people just travel a lot during those three months (I.e. going to dinner and stuff), but still run their company in their city. Keep in mind that not all companies in YC are two guys in a garage.. some of them have 50+ employees, you can't just leave for 3 months.
Re: I Am Sam Altman, President of Y Combinator. AMA
#429Re: I Am Sam Altman, President of Y Combinator. AMA
#430Do you have some advice about how a founder should organize their day? How many hours of coding/designing/talking to users/sleeping...?
Don't over-optimize. At some point you have to stop reading advice blogs and go build a company, and figure it out as you go. Take care of yourself, take some time to enjoy your life, and work the rest of the time.