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Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k

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Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k

#111

Post by _delirium »

andreshb wrote: post #41
DevX101 wrote: post #37

For all the talk from U.S. politicians about encouraging innovation, it takes the Russian to come here and put his money where his mouth is.

Consider, also, that most entrepreneurs in tech are foreigners (or children of), Vivek Wadwha had an interesting article on that. But those that stand out: Larry+Sergei. If "The Russian" comes to the U.S. to make an investment is because the U.S. has done a really really good job in terms of policy to make it easy and convenient for foreign investors to bring money to the U.S. now they (gov) need to do the same for t…

Digging up Vivek Wadwha's article, he found that 25% of U.S. tech entrepreneurs were immigrants, which is certainly higher than their share of the population (about 10% of U.S. residents are foreign-born), but not really "most". The numbers were higher for the Bay Area, though, at about 50%; but then the number of total immigrants in the Bay Area is also higher (33% of Californians are foreign-born).

Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k

#112

Post by shareme »

I want ask an obvious question..

We have at this point in time, the lowest rate of success or ROI of the VC industry since stats were kept. It would seem to me that any deal whereas someone short-changes the process of getting to a Series A deal for any VC or group of VCs is somewhat dangerous of destroying the very model that got all of us here.

What steps are being taken to protect the 'YC-Combinator' VC and start-up incubaor model?

Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k

#113

Post by pclark »

nickpp wrote: post #98
hugh3 wrote: post #67

Earlier quoted context omitted.

DST needs a pipeline of new startups to continue the web x.0 hype-cycle, so he can offload his Groupon, Facebook & Zynga. positions. I don't get it, how does this help with that?

Read up on AOL's position during the .com boom.

can you just explain it?

Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k

#115

Post by iamwil »

sushrutbidwai wrote: post #35

This sounds like a campus placement scene. If you get in a top college, you wont be even interviewed properly or see how you have changed in last few years/months. We will just hire you with fat paychecks. As shown by history - this does not work in the long run and makes things worse than better. Dont get me wrong - YC is great, pg and rest of the team do an amazing job of selecting startups. But such blanket offers…

I thought this too, but someone pointed out to me that, unlike new hires at companies, customers don't care whether you're YC or not, or who you took investment from. The market is still as harsh as ever, and you'd better produce if you're going to make it.

The only place I can see this as being a problem is with acuhires, where an acquiring company can potentially care whether it's a YC company or not.

Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k

#116

Post by Joakal »

_delirium wrote: post #111
andreshb wrote: post #41

Earlier quoted context omitted.

Consider, also, that most entrepreneurs in tech are foreigners (or children of), Vivek Wadwha had an interesting article on that. But those that stand out: Larry+Sergei. If "The Russian" comes to the U.S. to make an investment is because the U.S. has done a really really good job in terms of policy to make it easy and convenient for foreign investors to bring money to the U.S. now they (gov) need to do the same for t…

Digging up Vivek Wadwha's article, he found that 25% of U.S. tech entrepreneurs were immigrants, which is certainly higher than their share of the population (about 10% of U.S. residents are foreign-born), but not really "most". The numbers were higher for the Bay Area, though, at about 50%; but then the number of total immigrants in the Bay Area is also higher (33% of Californians are foreign-born).

Possibly a sign of different upbringings?

Can be parental, culture, education, standard of living, etc.

Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k

#117

Post by axod »

MichaelApproved wrote: post #108
ztan wrote: post #78

Earlier quoted context omitted.

That's $6M every batch, at least $12M a year. Assuming YC classes does not expand. I think PG mentioned about 1/3 of the YC companies fail. So that's $4M in the water every year. Out of the rest 2/3s chances of being a Heroku are... actually I'm going stop here because I'm sure they've worked out all the math already.

Maybe the extra 150k can help lower the 1/3 failure rate.

I'm pretty sure more money can actually make things worse not better.

Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k

#118

Post by aditya »

jolhoeft wrote: post #102
andreshb wrote: post #41

Earlier quoted context omitted.

Consider, also, that most entrepreneurs in tech are foreigners (or children of), Vivek Wadwha had an interesting article on that. But those that stand out: Larry+Sergei. If "The Russian" comes to the U.S. to make an investment is because the U.S. has done a really really good job in terms of policy to make it easy and convenient for foreign investors to bring money to the U.S. now they (gov) need to do the same for t…

A while back as I was meandering through my history readings, I noticed that most of the philosophers, sages, and artists of ancient Athens weren't from Athens. I didn't actually follow that up with a study to confirm it, but I can't help but wonder if there is some deep truth hidden here.

No deep truth, if you're ambitious and determined enough go leave your home and everything and everybody you know, you're not going to arrive in a foreign land and sit on your ass - the drive will keep pushing you to achieve great things... otherwise you could just have stayed at home and eaten your mom's potatoes for the rest of your life, right?!

Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k

#119

Post by narag »

Joakal wrote: post #116
_delirium wrote: post #111

Earlier quoted context omitted.

Digging up Vivek Wadwha's article, he found that 25% of U.S. tech entrepreneurs were immigrants, which is certainly higher than their share of the population (about 10% of U.S. residents are foreign-born), but not really "most". The numbers were higher for the Bay Area, though, at about 50%; but then the number of total immigrants in the Bay Area is also higher (33% of Californians are foreign-born).

Possibly a sign of different upbringings? Can be parental, culture, education, standard of living, etc.

It seems to me that the case is exactly the opposite: the talent appears randomly, so the only way to concentrate it is migration.
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