71–80 of 175 posts
This guy is not really a good thing for YC, I honestly stopped caring that much about this incubator after that guy who was in before him left. Sam Altman should be removed.
I love the ambition of this dude to call out the valley to reach for more than what it is. The field needs 10000 more Sam Altmans.
This guy is not really a good thing for YC, I honestly stopped caring that much about this incubator after that guy who was in before him left. Sam Altman should be removed.
This seems like a signalling problem. If a YC company looks for funding at some point after demo day, the first question VCs ask is going to be "why didn't you raise money at demo day?" -- so there's going to be an incentive for companies to go after money at demo day even if they're not ready simply because it will be much harder if they wait. I wonder if it would be effective to tell YC companies that they can part…
You can defer your demo day.
This seems like a signalling problem. If a YC company looks for funding at some point after demo day, the first question VCs ask is going to be "why didn't you raise money at demo day?" -- so there's going to be an incentive for companies to go after money at demo day even if they're not ready simply because it will be much harder if they wait. I wonder if it would be effective to tell YC companies that they can part…
This is one reason ICOs will hopefully disrupt VC strangehold. It's senseless for the fate of good companies to be determined by bogus social dynamics. I get the regulation argument, but protecting stupid people from themselves is a losing battle. Everyone will know not to mortgage your house to invest in a new startup the same way everyone knows not to do heroin. Some people will anyway. But they already can partici…
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Maybe I'm missing something. I don't see how that would reduce anyones need to fundraise. No one can wait around 10 years for others in their class to become liquid to fund their company.
If you know you are a likely to get between $100k and $1m in ten years, then there is a lot less financial risk of not putting any money in a 401k for a few years when creating a startup that eventually fails. I think this is a really cool idea. It would also will bind the group together even more (if you think that is a good thing).
I also don't see how that's enough money to tip the scale.
- Companies raising money just to pay inflated (yet still insufficient) labour costs
- People who would love to work for startups but realize that most startup salaries barely gets you a studio apt, pretty cool until you have a family
- Companies who "cant find" talent
Is it any surprise companies need to raise so much funding, esp when operating out of the Bay Area?
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Sam, let me offer one humble suggestion. 1) UBI (or anything similar) in Oakland is expensive. Back of the napkin calculation: $1,000/month/person = $12,000 = you need about $0.5M in capital to maintain that level of basic income without reducing the capital over time (I am applying the usual 4% interest on capital, for passive income - the number might be wrong or might change in the future (see Piketty) but let's u…
This micro-UBI thing is a bad experiment with good intentions. UBI only works if it's fairly 'U'. If you give UBI to 'one village' - that village will have tremendous leverage over the surrounding villages. Any rational application of commercial knowledge will - knowingly or unwittingly - drive competitors out of business, and that 'UBI village' could theoretically come to control a lot. It only took a very small mar…
Y Combinator prefers to get 6% of more companies to increase the chance of winning the jack pot.
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I love the ambition of this dude to call out the valley to reach for more than what it is. The field needs 10000 more Sam Altmans.
I prefer a VC that doesn’t inject a political agenda.