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Michael Seibel, CEO of YC, is doing an AMA

news.ycombinator.com

271–280 of 317 posts

Re: Michael Seibel, CEO of YC, is doing an AMA

#271
What's the best way to pick between two ideas when you like one idea better but the other is more feasible given your skill set?

>>>>>>>>>>>

We're two founders working on products for people of color.

We have two ideas we want to work: 1) a networking type idea 2) a media and entertainment idea.

We love both these ideas deeply, we've committed most of our time to idea 1 bc we can make an MVP for it but we want to work on #2 bc it will have more promise given market trends and we like the idea more.

The problem with #2 is that it requires a lots of capital to make video content and we don't have domain expertise in film production.

As a result we're torn as to what we should write about on the YC app. Our app focuses on the 1st idea but we mention the 2nd idea plenty of times. We would love your thoughts.

Thank you Michael for taking the time to be accessible to the community.

Re: Michael Seibel, CEO of YC, is doing an AMA

#272
Hi Michael,

YC-funded companies are known to be large-scale consumers of free and open source software. They are able to leverage the competitive advantage provided by this digital infrastructure to build successful, high valuation businesses. Some of those companies have gone on to make great contributions to the Open Source community themselves.

Would YC ever consider setting up a fund for the builders and maintainers of the infrastructure that your companies depend upon?

Re: Michael Seibel, CEO of YC, is doing an AMA

#273
post #62

Earlier quoted context omitted.

> after running YC for 10+ years they deserve a little break no? With all due respect what is so special about running YC that means you deserve a sabbatical? They are taking a sabbatical not because they deserve it but because they can afford to do so financially and have left their organization in what they feel are very capable hands. It is actually atypical in most professions in the US (at least outside of teach…

>Edit: Predictable downvotes. Everyone looks at this through a lens that says the commenter surely is showing disrespect or lack of knowledge for how special YC is. What makes you think they don't deserve a sabbatical? More people in general should have longer vacations/sabbaticals in the US. The US is behind on this, and it is detrimental. The sabbatical itself has shrunk from historically being a year or more to ju…

> More people in general should have longer vacations/sabbaticals in the US. The US is behind on this, and it is detrimental. The sabbatical itself has shrunk from historically being a year or more to just three weeks in some places here.

Perhaps for those that are employees of a larger type organization where there are fill in alternatives this could be a good thing. But for people that are not employees (they own the business or the success of the business has a direct impact on their financial benefits) this is not as easy as it sounds. Or for key employees of a business that have direct relationships to the customers or the product quality of the company.

Why?

Competition. And other alternatives that a customer or a client could use.

Let's say you are an attorney or a consultant. You have clients that give you business. They deal with you because a) they like your work and b) you are there when they need you. c) you have developed a rapport with them.

So now a new problem arises. They contact you but you are away on sabbatical. So what do they do? They try someone else. And maybe they never return. Really.

Or take even the person who cuts your hair. You've been going to them loyally for 10 years. Now they go away for 6 months. During that 6 months you find another person and keep using them.

I was told once that (and don't know if it's true) by a starbucks manager that when they renovate a store they never close it down entirely which would make the renov work much easier. Why? They have found that if you interrupt peoples morning patterns the store will lose business people either brake the habit or they find alternatives.

Re: Michael Seibel, CEO of YC, is doing an AMA

#275

Hi Michael, what are the biggest companies you've missed out on? Do you keep an anti-portfolio like BVP? https://www.bvp.com/portfolio/anti-portfolio

I think SendGrind, Buffer, Couchbase and Ionic Framework are a few notable ones that were previously discussed. BTW: great to see you here. I used Feedly(get stream) a while back in a project of mine and it worked liked a charm.

Small world :)

Re: Michael Seibel, CEO of YC, is doing an AMA

#277

Earlier quoted context omitted.

Sure, and I'm aware of the non-profit initiatives. I don't think many people have considered producing actual software under a not-for-profit (except for Khan Academy?), probably because it's insanely expensive. Would YCombinator help facilitate funding a fully open Facebook or Twitter clone, for instance? It sounds outlandish to consider, but it seems equally outlandish to consider the 2020 election happening over e…

FWIW, YCombinator has funded a fully open, federated Facebook clone: https://www.crunchbase.com/organization/diaspora#/entity It didn't work out so well, mostly because a.) actually cloning Facebook is pretty hard and b.) users don't seem to want to switch to fully-open Facebook or Twitter clones.

Haha, interesting, I didn't know they went through YC at some point.

I'm making a strong bet that people do want to switch to fully-open social clones, because it's hard for me to imagine citizens of 2024 or 2028 conducting an effective political system using today's monolithic social technology. But the current ecosystem sucks for it.

Re: Michael Seibel, CEO of YC, is doing an AMA

#278
post #121

What do you think of teams that are working part-time (e.g. while in full time education/employment) on an idea with decent traction, but who are waiting for external validation (such as YC or other investment) before going full-time on it? Do you take it as a sign of low commitment?

You're basically asking YC to bet on you before you bet on yourself. If you aren't willing to go all in, what does that say? Startups are really fucking hard. You have to have a serious belief and commitment to build a billion dollar business (which is what YC is investing in.) If you're unsure, that's totally fine, but you need to be the first to believe in your company and get used to being the only ones who believ…

a lot of people start by borrowing $50k from a parent (this is a fact). If the universe doesn't believe in you enough to give you parents you can borrow $50k from, why should YC? Surely they don't know better than God himself, and it would be insanely presumptuous of YC to think they do. There is clearly a reason that God passed on you and they are not in a position to second-guess this.

(/s in case you need it. If you still don't get it I am making fun of your position because it's naive and in my experience wrong. Sorry. Privilege comes in many forms and people don't tend to talk about them.)

Re: Michael Seibel, CEO of YC, is doing an AMA

#279

I want to be a farmer. I want to treat the farm like a startup. At which point in the application process can I try to convince you that you need a farmer in your portfolio? Also, when and where can I go into details to describe how it would be different from today's conventional operations?

YC has backed at least one startup for indoor farming lighting, Transcend (S15), and one for indoor gardening, Click & Grow (S15).

And FarmStead (S16) for crop monitoring.

Re: Michael Seibel, CEO of YC, is doing an AMA

#280
post #223

Earlier quoted context omitted.

>what is so special about running YC that means you deserve a sabbatical? I missed where this was claimed to be "deserved"? >It is actually atypical in most professions in the US (at least outside of teaching or academics) to be able to step away other than for a somewhat short vacations[...]but most people can't do something like this. I'm trying to figure out how this is relevant? Would you elaborate? I don't care…

> I'm trying to figure out how this is relevant? Would you elaborate? Well to restate my original comment was based on the use of the word "deserve" not the re-edited version. Apparently it was thought that that wasn't well put. And it's unclear to me why I was jumped on other than the obvious reason of this being HN. To your question the relevance of stating what is typical in other professions is because the vast m…

Ok, now I see. I am a mediocre programmer at best, and I live in a rural area. I often take 5 weeks off because I know how to save money (no gf or kids), and I've operated in the capacity of a contractor for 6 yrs. I do have Denver-based, fellow contractors that I can hand stuff off to, but I was always fearful of starting a family I could not support. I see this as a matter of choices.
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