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I Am Sam Altman, President of YC Group. AMA

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441–450 of 458 posts

Re: I Am Sam Altman, President of YC Group. AMA

#441
post #320

What is the oldest age for a founder that you have accepted for YC?

Early 70s.

That's awesome! Male or female? As an older(40+) female single founder in EdTech, I find it very difficult to attract investment and so have others with the same profile as me. How should we approach fund raising?

Re: I Am Sam Altman, President of YC Group. AMA

#442

Earlier quoted context omitted.

Yes the combination of compulsory and preferential voting has a great calming influence on the political system. Our two major parties (labor and liberal) are very similar in practice as they are competing for the middle ground, not the exciting the extreme wings to the polls. The only downside is it tends to make for boring politics, but overall boring is good if you have to live in the country.

pity it's such a shitstorm of conservative religious interest group pandering with a touch of racism, xenophobia and homophobia at present :(

Yes, but this actually a side effect of the how close our elections are. A few nut jobs on the far right of the Liberal party are able to cause mayhem due the slim majority the liberal party holds in parliament.

The good thing is it is mostly just noise - what actually gets through the parliament is much more benign.

Re: I Am Sam Altman, President of YC Group. AMA

#443
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Re: I Am Sam Altman, President of YC Group. AMA

#444

Sam, thanks for taking the time to talk with us. I hope it's ok, but I've got a few questions about something not directly related to YC applications. As a middle-aged developer, I've seen a lot in my lifetime, but I believe that right now, even though in some ways I'm much more hopeful for the future than I've ever been, I feel like there are many huge time-bombs out there in the world that make focusing on a startu…

There's always been bad stuff in the world but on average it's much better than it was. It's easy to be mislead by the media that profits from focusing on the bad. For a counter view see Pinker's stuff and this kind of thing:

war - https://medium.com/@angushervey/the-decline-of-war-8760f9a5b...

democracy - https://ourworldindata.org/democratisation/

Re: I Am Sam Altman, President of YC Group. AMA

#445
post #417
post #292

Earlier quoted context omitted.

You raise very good points. The future will either be great or terrible--I think an intermediate outcome is unlikely. I think it's a super exciting time to be alive, but I feel the shared sense of responsibility most others do to do everything I can to get safely through the other side. I understand the desire to save enough for a scary world ahead, and I think it's prudent to do that. Beyond, that, if you're nervous…

Intermediate outcomes have predominated through most of human history. Why do you think it's different this time?

I think it's human nature to see things as a drama - we're doomed or happy every after. If you look at the stats mediocrity is more usual.

Re: I Am Sam Altman, President of YC Group. AMA

#446
post #441
post #320

Earlier quoted context omitted.

Early 70s.

That's awesome! Male or female? As an older(40+) female single founder in EdTech, I find it very difficult to attract investment and so have others with the same profile as me. How should we approach fund raising?

I'm guessing it's John Slough of Helion http://www.helionenergy.com/?page_id=704

Re: I Am Sam Altman, President of YC Group. AMA

#448

Sam, thanks for taking the time to talk with us. I hope it's ok, but I've got a few questions about something not directly related to YC applications. As a middle-aged developer, I've seen a lot in my lifetime, but I believe that right now, even though in some ways I'm much more hopeful for the future than I've ever been, I feel like there are many huge time-bombs out there in the world that make focusing on a startu…

[deleted]

Re: I Am Sam Altman, President of YC Group. AMA

#449
post #252
post #247

I don't want to sound too arrogant but why should I apply if I think I can succeed on my own?

You should apply if you think the company will be worth ~7% more if you do YC that it would be worth if you do it on your own. If you could make a $10B company on your own, but doing YC could make it be a $20B company, then it would obviously be well worth it.

This is a (sadly) very commonly misunderstood concept.

Re: I Am Sam Altman, President of YC Group. AMA

#450
post #84

Sam, are the odds stacked against us if we have 5 founders? (EE, ME, EE, SW, Sales/Business) Also does a startup that can help reduce carbon emissions/move from something that generates lots of emission classify under the energy section of request for startup?

Slightly against--we're not sure why it is, but 5 or 6 founder companies have (with some notable exceptions) significantly underperformed our average.

I've volunteered with 3 Day Startup in the past, which is more about teaching students that entrepreneurship is an option, as well as highlighting the importance of talking to users, but one of the things that consistently came up was that teams greater than 5 were nearly always the team with the most problems. My guess has always been that it's somewhat related to the design by committee or too many cooks problem, but we also never totally figured it out.
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