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YC Annual Letter 2017

blog.samaltman.com

81–90 of 165 posts

Re: YC Annual Letter 2017

#81
> the fact that one of their "partners" is such an obviously destructive force within society.

Can you expand on the "obvious" and "destructive" force? What exactly did Thiel do that is obviously destructive to our whole society? You mean Palantir? Wasn't that there for a while?

Re: YC Annual Letter 2017

#82
post #15

"The percentage of women who apply to YC is roughly the same as the percentage of women who get funded. The same is true for Black and Latino founders." I'm guessing what he means to say here is that if x% of the applicant pool is woman/black/latino, then x% of the accepted pool is woman/black/latino, right? The way it's phrased it sounds like every woman/black/latino who applies is accepted

Not to me. percentage of women who apply ~= percentage of women who get funded.

[deleted]

Re: YC Annual Letter 2017

#83
post #8

Is there a reason why this is published on Sam's blog and not on YC's blog? Oh and a remark on the letter's typography: the double spaces after periods should be single spaces.

i beg to differ. i believe it adds colour to the general grey-ness in various internet neighbourhoods. tl;dr whatever floats your boat.

Re: YC Annual Letter 2017

#84

Earlier quoted context omitted.

I am sure there are many more lurkers than active participants

This is true of pretty much any Internet community, so not that surprising.

I think it's especially true here though due to HN's crowd sourced quality control. The rules are largely adhered to by the user base as well, and it's not just an agree/disagree button.

Re: YC Annual Letter 2017

#85

Nice writeup sama, but the history is a bit revisionist: > We are only about 30 years into the age of software, about 20 years into the age of the internet, and about 2 years into the age of artificial intelligence. Software has been around--and actively making bank!--for over 40 years. The internet has been around longer in the form of academic institutions, email, and BBS than you mention. And AI has, of course, be…

When people talk about an age, it doesn't usually start with the invention of that thing. The bronze age didn't begin with the invention of bronze.

The periods are subjective, fuzzy things. I think I agree with Sam's definitions although I would probably say age of machine learning rather than age of AI.

Re: YC Annual Letter 2017

#86

> 4) Does this company have a clear and important mission? > Without this, I usually get bored. More importantly, companies that don’t have this usually have a hard time recruiting enough great people to work with them, and thus struggle to become very large. I find this one interesting. When Google started, there were many incumbent search engines. Their mission was to provide better results than what existed, i.e.…

Usually the product comes before the mission. Google's product was a search engine with better results than existed, but their mission was "to organize the world's information and make it universally accessible and useful". That mission statement was a key part in them getting key hires.

Uber's mission is "Transportation as reliable as running water."

Facebook's mission is "Make the world more open and transparent."

The product is about what the company does today, the mission is about what the company will do in the future. It's usually not a good idea to come up with the mission statement before you have a viable product, but it's critical for bringing on board employees, executives, and investors.

Re: YC Annual Letter 2017

#87

Companies like Amazon, Facebook, Google, Apple, and Microsoft have powerful advantages that are still not fully understood by most founders and investors....This trend is unlikely to reverse without antitrust action, and I suggest people carefully consider its implications for startups. I think the "startup community" needs to have a serious conversation about this [2]. If we agree that machine learning is going to b…

Twenty years or so ago, only Microsoft would have been on that list. It was being hit with lawsuits and Apple was on the other side because it wasn't on the list. The landscape changed and DEC and SUN are gone and Yahoo (hence the 'or so') and IBM don't have the relevance that they once did. What happened is that the landscape shifted out from under many of the incumbents...from hardware to software. The one survivor…

AFGAM is more of a concern if the world is a finite pie and less so if it isn't

The infinite pie theory is for all practical purposes impossible. Growing pie theory works on beyond lifetime scale, but not for decade level scale. So it does matter because a startup can't last for two decades to try and gain market share against an incumbent.

Re: YC Annual Letter 2017

#88

> 4) Does this company have a clear and important mission? > Without this, I usually get bored. More importantly, companies that don’t have this usually have a hard time recruiting enough great people to work with them, and thus struggle to become very large. I find this one interesting. When Google started, there were many incumbent search engines. Their mission was to provide better results than what existed, i.e.…

It's less about mission and more about culture/ethics. A good mission will engender a culture that people will be attracted to, but even if the mission is not super sexy, with say search for instance, Google's culture and ethics attracted people.

Re: YC Annual Letter 2017

#89
post #54

Earlier quoted context omitted.

> Surely there is something more important to complain about than that. https://plus.google.com/+VicGundotra/posts/gcSStkKxXTw Sam, it's meant with the love of the art. I was going to make the same complaint. For those of us who work in a particular field, certain things just stick out and it feels very natural to point that out and make the world perfect in a way we are confident it can be perfect if some things are…

Exactly, typography is a subject that is very dear to my heart. And while I agree that it may be a personal preference, there is a side effect to using double spaces: layout engines consider single spaces the default for their line breaking algorithm, and sometimes, when using double spacing, new sentences start at a new line with a space before the first letter which, in this very case, looks weird and therefore hin…

I love typography too! I really do. This is my one sin in the field...

Re: YC Annual Letter 2017

#90
We are only about 30 years into the age of software, about 20 years into the age of the internet, and about 2 years into the age of artificial intelligence

Which innovations over the last 2 years most indicate a new age of artificial intelligence?

I undertook some research, and noticed:

  3 Months Ago: Google Translate AI had a breakthrough
  5 Months Ago: Amazon/Facebook/Google/IBM/Microsoft launch an AI Partnership
  1 Year Ago: AlphaGo has a big win and OpenAI is founded
  2 Years Ago: Google (now Waymo) performs its first public driverless ride
  3 Years Ago: Google acquires DeepMind and interest in Deep Learning takes off
  6 Years Ago: IBM Watson wins Jeopardy
All indications suggest increased interest and investment in AI, but from an external perspective I'm interested to know whether quantitative changes (big data, cloud infrastructure, GPU processing speed etc.) and increased interest have genuinely spurred a qualitative new era of AI free of the pattern of "AI Winters" (https://en.wikipedia.org/wiki/AI_winter).
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