11–20 of 48 posts
Can someone explain how Sam is able to run so many things at once? I am working on my startup and I barely find time to scroll HN during my toilet breaks.
Or is this the primary/hedge-fund part of the university rather than the professional sports organization or the vestigial academic departments?
Can someone explain how Sam is able to run so many things at once? I am working on my startup and I barely find time to scroll HN during my toilet breaks.
Lets go back to the beginning of YC. You can find a photo of the very first class. In that very first class, you'll see the AirBnb guys, the Twitch guys, the Reddit founders, and Sam frickin Altman. When you have 18 years of connections with virtually every successful YC startup, and happen to run the most disruptive company of the past 15 years, money and influence seeks you out.
Just one possible correction: the AirBnB guys were about 4 years later than the 1st batch. I don’t think any of them were in the 1st batch with a different startup like the Twitch crew.
Can someone explain how Sam is able to run so many things at once? I am working on my startup and I barely find time to scroll HN during my toilet breaks.
Can someone explain how Sam is able to run so many things at once? I am working on my startup and I barely find time to scroll HN during my toilet breaks.
Can someone explain why a public university is giving money to Sam Altman rather than the other way around? Or is this the primary/hedge-fund part of the university rather than the professional sports organization or the vestigial academic departments?
I thought "is fully focused" meant all his attention was there? Also "He maintains transparency with the board", wasn't he just fired for not doing that very recently?
Earlier quoted context omitted.
Can someone explain why a public university is giving money to Sam Altman rather than the other way around? Or is this the primary/hedge-fund part of the university rather than the professional sports organization or the vestigial academic departments?
Because they believe they will turn a profit on the investment (in expectation). Next question
Can someone explain how Sam is able to run so many things at once? I am working on my startup and I barely find time to scroll HN during my toilet breaks.
Sam is more of an investor than anything else.
Can someone explain how Sam is able to run so many things at once? I am working on my startup and I barely find time to scroll HN during my toilet breaks.
Lets go back to the beginning of YC. You can find a photo of the very first class. In that very first class, you'll see the AirBnb guys, the Twitch guys, the Reddit founders, and Sam frickin Altman. When you have 18 years of connections with virtually every successful YC startup, and happen to run the most disruptive company of the past 15 years, money and influence seeks you out.
Can someone explain how Sam is able to run so many things at once? I am working on my startup and I barely find time to scroll HN during my toilet breaks.
Can someone explain why a public university is giving money to Sam Altman rather than the other way around? Or is this the primary/hedge-fund part of the university rather than the professional sports organization or the vestigial academic departments?
In UMich's case, the State of Michigan only covers 3% of the entire funding for UMich. The university needs to foot the bill for the remaining 97% on their own [0].
That's where endowments come in. By trying to be savvy with the rate of return on your endowment, you can create a self sustaining budget for your institution.
Also, UMich Ann Arbor's yearly budget is $10 Billion, but their endowment (aka their piggybank) is only $17 Billion. If they raided their piggybank, they could only keep the lights on for 2 years at most.
> professional sports organization or the vestigial academic departments
Professional Sports is self funded by the athletics department.
What's a "vestigial academic departments". For example, Computer Science was "vestigial" in most universities until the 1970s, often being a wonky major in the Math or Physics department. What makes you an arbitrator for what field is more important than others?
[0] - https://publicaffairs.vpcomm.umich.edu/key-issues/tuition/ge...