Excellent. The essay and talk together produced several surprises. The essay cleared up things things that the video obscured (couldn't see the visuals), like the "not-so-smart" / "enterprise software" connection (I was thinking he just meant the competition was dumb so you'd have the one-eyed man / land of the blind advantage). The big surprise is that YC hasn't seen an order of magnitude increase in applicants from…
Part of the reason the number of applications isn't that much higher than it was the first time is that we've changed our approach to founders. Initially we pitched YC as a substitute for a summer job for students. Then we realized that we wanted people more committed than that-- that it was actually bad to fund people still in school, in fact, because it's so easy for them to give up. We will fund people still in sc…
Have you ever had any issues with IP?