101–110 of 179 posts
The way YC closed ranks was my favorite anecdote from Chaos Monkey’s. I always find it interesting though YC leaders are extremely against cancel culture, but when it comes to business, its okay to threaten that someone will never work in the valley again if they don’t accede to their demands.
The only consistency you'll find in business and politics is self-interest - perceived or real.
If you’re wondering what to take away from this article: the simple take away is that YC has the power to get what it wants, for the companies it wants. If you happen to be in YC’s good graces, they will reward you in ways described in the article. If you’re not, they won’t take the time. I was in YC in 2012 (2 yrs after the founder writing this article, and one of the last years PG was directly involved). By that ti…
Why does everything need to scale? Why couldn't they stick to taking a few high quality companies every year? There was enough money to be made that way. Seems the belief is that everything needs to scale until it doesn't work anymore.
Keep in mind, YC is very early stage. Asking them to pick only winners based on an application and short interview process would be a fool's errand. I believe their acceptance rates tend to be around 2%, so it's not like they aren't being selective up front—it just takes time to really get signal on who is executing and finding traction. Startup investment is high risk and justified by the outliers, so they have every incentive to find them early, it only makes sense that they would give more support to their winners as they emerge.
If you’re wondering what to take away from this article: the simple take away is that YC has the power to get what it wants, for the companies it wants. If you happen to be in YC’s good graces, they will reward you in ways described in the article. If you’re not, they won’t take the time. I was in YC in 2012 (2 yrs after the founder writing this article, and one of the last years PG was directly involved). By that ti…
Why does everything need to scale? Why couldn't they stick to taking a few high quality companies every year? There was enough money to be made that way. Seems the belief is that everything needs to scale until it doesn't work anymore.
Earlier quoted context omitted.
I think the difference between cancel culture and just freedom of association is the difference between "I don't want to work with you because of X" and "I'm going to influence others not to work with you because of X". Whether that be anons on twitter calling up your employer to get you fired, or PG having a quiet work with his friends over at some VC firm, they're both the same strain of toxic.
I think there may be a few other differences. For example, are people ever given the opportunity to change their behavior before the sanction gets applied? Does the punishment fit the crime? Is there public shaming involved? Do we default to public shaming anyone who says a word in defense of the person who is being sanctioned? (I would say that's the single most pathological feature of cancel culture, actually.) Are…
Defaulting to public debate on the matter isn't as stark a difference from this behavior as we want to believe, especially when the community in which you engage these points is so heavily biased in one direction. Discussions around "cancel culture" rarely take into account that the conversations being had are happening within a particular cultural context, one that depends on the venue in which it takes place. Too often I see public shaming framed as reasoned debate on this forum when the intention is otherwise abundantly clear.
An amusing corrollary to this is that cancel culture as normally defined is implied to be the majority opinion. I don't think that's true, though, the nature of news media definitely amplifies certain voices over others, getting back to the point about venues above.
Earlier quoted context omitted.
I think you’re vastly underestimating how hard it is to pick winners and stifle competition. Using your logic, if it was so easy why didn’t Google stop OpenAI? Meta? Perplexity?
Maybe they killed a hundred similar companies and those three slipped through?
Earlier quoted context omitted.
Standing against cancel culture is not the same as standing against social sanctions in any way, shape, or form. The problem with cancel culture is not that it's a social sanction. The problem is it's a particularly dysfunctional sort. "They're against cancel culture... so why didn't they invite me to their house party? What hypocrites!"
I disagree. There's no principle involved. It's all polarized partisan politics. Your "particularly dysfunctional" is extremely in the eye of the beholder. The rich and powerful silicon valley CEO/VC guys tearing the country apart over their woke crusade are just as ideologically irrational as the next twitter blue check.
If you’re wondering what to take away from this article: the simple take away is that YC has the power to get what it wants, for the companies it wants. If you happen to be in YC’s good graces, they will reward you in ways described in the article. If you’re not, they won’t take the time. I was in YC in 2012 (2 yrs after the founder writing this article, and one of the last years PG was directly involved). By that ti…
Earlier quoted context omitted.
I think it depends on the person. Elon Musk changes his mind a lot, but PG generally seems pretty consistent. It's not necessarily a bad thing to change your mind, either. My guess is that if you carefully read PG's criticisms of woke culture, they are narrow enough that they wouldn't apply to what YC does against misbehaving VCs. For example, if you read between the lines, this essay does a good job of explaining so…
My takeaway that I'll bluntly admit is based on being another one of those people who won't shut up about Robert Caro's book The Power Broker is this: the mark of true political genius is the ability to constantly take in new information that challenges your existing viewpoints, while also having the force of will to try and make your values manifest despite knowing that your views on the best way to do that will cha…
If you’re wondering what to take away from this article: the simple take away is that YC has the power to get what it wants, for the companies it wants. If you happen to be in YC’s good graces, they will reward you in ways described in the article. If you’re not, they won’t take the time. I was in YC in 2012 (2 yrs after the founder writing this article, and one of the last years PG was directly involved). By that ti…
I'd love to know who "wins" in a scaled YC vs. the oceanic tide that is the SP500 and it's capital sucking and brain sucking ways. A Google can stop 10000 potential startups simply with RSUs and cap another 10000 by buying them out (which is kinda good for YC but not really... they'd rather own a chunk of a Google).
Earlier quoted context omitted.
The only consistency you'll find in business and politics is self-interest - perceived or real.
I think that's a bit of an oversimplification. A lot of people are well meaning.