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I Am Sam Altman, President of Y Combinator. AMA

news.ycombinator.com

611–620 of 768 posts

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

#611
post #351

Obviously 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…

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.

"ideas are worth so little" .. that's a very broad and dangerous statement for you to make given that people might want to tell you things in confidence.

Obviously, if you have IP, dont apply at YC because they don't think it's worth anything.

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

#612

My company Krewe ( https://www.gokrewe.com ) is aimed at helping people make a new group of close friends in their neighborhood that they can see every day and build a strong local community. I only have a couple hundred sign ups (after about three weeks) so I don't know for sure that the concept will work. I also don't have a cofounder. Should I apply to YC now, or potentially wait for the next batch when I would (h…

Have you checked out Nextdoor.com? They're squarely in the same space and they've raised nearly $211m.

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

#613
post #560

Earlier quoted context omitted.

You are one of 7 brand new accounts created since this thread was posted who have left comments praising Jason: https://news.ycombinator.com/user?id=supergeek18 https://news.ycombinator.com/user?id=vincentc https://news.ycombinator.com/user?id=Clectasteve https://news.ycombinator.com/user?id=ericzli https://news.ycombinator.com/user?id=rushtix https://news.ycombinator.com/user?id=redtri https://news.ycombinator.com/u…

> Rather obvious what is going on here - and it is pathetic Because having people create fake accounts just to leave positive comments is far more likely than thousands of people being exposed to this thread via Sam and Jason's tweeter feeds? I wouldn't be so quick to jump to conclusions with no data to back up your assertions. For what it's worth, while I've never worked with Jason, I have met him once (briefly) and…

The accounts actually don't look fake. I'm not really sure what's so obvious.

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

#614

Earlier quoted context omitted.

Sam, this conception of an "idea" is in astoundingly strong conflict with the conceptions of ideas elsewhere in business and national security that are commonly strongly and seriously protected as classified national security secrets (e.g., how stealth works, how the engines on the SR-71 worked, the details of the Navy's version of GPS), intellectual property, trade secrets, patents, how academic honors are awarded,…

You are actually citing examples of execution excellence and IP, rather than "ideas" as the word is used in early stage VC circles. For example the idea of making a low radar cross section aircraft is not new or valuable since right after radar was first developed. However executing on that idea to create the stealth fighter design produces something very valuable.

But how to create stealth took some darned good "ideas".

Sure, the startup "circles" regard an idea as a short description of a sentence or two to a family member, neighbor, or prospective user/customer of how the new product/service will look to them.

But, then what about how to make that product/service work? Ignore that? That part should be crucial: Crucial for having the first good or a much better product/solution, a technological advantage and barrier to entry, etc. That "idea" could take original research, be regarded as valuable intellectual property and protected as a trade secret, etc. Sure, the user/customer need not be aware of that "idea" maybe in the internals of the product/service.

Then to say

"The very best ideas usually don't seem worth stealing."

ignores the crucial, core ideas, say, the details of the coating (likely highly classified and from a lot of R&D) and shape (again from a lot of R&D, and Maxwell's equations computations, likely challenging and classified) that were key to stealth.

Or, here's an "idea": A safe, effective, cheap one pill taken once to cure any cancer. Sure that "idea" is just pie in the sky and worthless. But to create such a pill will take one heck of a good idea. To me it is just such good ideas that should be central in information technology startups. It sounds like Sam is neglecting that any such ideas are possible, relevant, valuable, or important. Or, to me, an idea for an algorithm that shows that P = NP is astounding, and astoundingly valuable -- implement it on a server and behind a lot of security and just sell the results, say, anyone who wants to send in any integer linear programming problem, that is, any of the thousands of important real world examples of NP-complete problems.

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

#615

Hey Sam, where do I apply for YC basic income? : ) Many people have no problems in life except those related to not having enough dough. I know a number of really creative/talented individuals who would be a lot better off if they didn't struggle to feed/house themselves. People who contribute to open source, build art projects and love to share knowledge. Definite contributors to society and the betterment of their…

I have PTSD from looking for a programming job for a decade (first thing you are supposed to do to overcome it is.... remove the stressor from your life??) Maybe they could just hook us up with some basic jobs.

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

#616
post #560
post #399

Earlier quoted context omitted.

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…

You are one of 7 brand new accounts created since this thread was posted who have left comments praising Jason: https://news.ycombinator.com/user?id=supergeek18 https://news.ycombinator.com/user?id=vincentc https://news.ycombinator.com/user?id=Clectasteve https://news.ycombinator.com/user?id=ericzli https://news.ycombinator.com/user?id=rushtix https://news.ycombinator.com/user?id=redtri https://news.ycombinator.com/u…

[deleted]

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

#617
post #560

Earlier quoted context omitted.

You are one of 7 brand new accounts created since this thread was posted who have left comments praising Jason: https://news.ycombinator.com/user?id=supergeek18 https://news.ycombinator.com/user?id=vincentc https://news.ycombinator.com/user?id=Clectasteve https://news.ycombinator.com/user?id=ericzli https://news.ycombinator.com/user?id=rushtix https://news.ycombinator.com/user?id=redtri https://news.ycombinator.com/u…

> Rather obvious what is going on here - and it is pathetic Because having people create fake accounts just to leave positive comments is far more likely than thousands of people being exposed to this thread via Sam and Jason's tweeter feeds? I wouldn't be so quick to jump to conclusions with no data to back up your assertions. For what it's worth, while I've never worked with Jason, I have met him once (briefly) and…

All but one of the accounts was created before Jason tweeted about it.

and i've been around here long enough to know that even when outsiders do link to threads you don't get 50%+ green comments without sockpuppets

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

#618
post #351

Earlier 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.

"ideas are worth so little" .. that's a very broad and dangerous statement for you to make given that people might want to tell you things in confidence. Obviously, if you have IP, dont apply at YC because they don't think it's worth anything.

An idea is "self-driving cars." IP is how to make it happen. I'd venture to say that it's tough to communicate all of IP during a short application process.

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

#619
post #481

Earlier quoted context omitted.

and i'll give a counterexample - Jason yelling down and belittling an entrepreneur and his team during prep for a conference presentation, for a totally unrelated reason and then cancelling their appearance because he was mad at something else. I have never seen anything like it. Assholes are manipulative, it's how they get away with it. The problem is silicon valley is self-reinforcing with positive feedback, nobody…

I've seen Jason critique a lot of pitches. I have to say, it's hard for me to believe your description of the situation is giving the full story. Yes, Jason probably had some brutally honest feedback about the presentation and how to make it better. But in my experience, his feedback is always spot on. I've personally been on the receiving end of such feedback, and it can feel harsh at times. But this is one of Jason…

[deleted]

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

#620
post #560
post #399

Earlier quoted context omitted.

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…

You are one of 7 brand new accounts created since this thread was posted who have left comments praising Jason: https://news.ycombinator.com/user?id=supergeek18 https://news.ycombinator.com/user?id=vincentc https://news.ycombinator.com/user?id=Clectasteve https://news.ycombinator.com/user?id=ericzli https://news.ycombinator.com/user?id=rushtix https://news.ycombinator.com/user?id=redtri https://news.ycombinator.com/u…

This account, is over a year old. I created "vincentc" because I've trended to prefer first name instead, but didn't realize what an issue a new account would pose.

Anyways, what I said was true. I went through his incubator, and Jason has been nothing but supportive. Echoing what others have already said, he provides brutally honest feedback, which we all need. At no time was it ever mean-spirited or derogatory, or any of the other claims being made.

Jason has been nothing but encouraging and relentlessly supportive.

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