- If previous success is in an industry with a negative image like, say, title loans, does that hurt odds?
I Am Sam Altman, President of Y Combinator. AMA
191–200 of 757 posts
Re: I Am Sam Altman, President of Y Combinator. AMA
#192Hi Sam Altman, What would you suggest to a new college grad? Should I go work for a big companies, save some money and then go into start ups or just go into start ups ?
If you have a low personal burn, you can jump right into a startup. If you have a lot of personal expenses, you probably need to save money before starting a startup.
As a side note, people sometimes criticize YC as being unfriendly to older founders because we don't provide enough money. I always encourage founders with big financial obligations to save up some money before starting a startup--it'll make things far less stressful.
This is a huge advantage of being a recent college grad--you generally have very little in the way of obligations.
Re: I Am Sam Altman, President of Y Combinator. AMA
#193Re: I Am Sam Altman, President of Y Combinator. AMA
#194Re: I Am Sam Altman, President of Y Combinator. AMA
#195Re: I Am Sam Altman, President of Y Combinator. AMA
#196Re: I Am Sam Altman, President of Y Combinator. AMA
#197Hello Sam, First, thank you so much for taking the time to answer our questions. My question is about confidentiality of applications. Today I am working at a YC startup. I (and two other friends) have a project in mind. But what prevents me from applying to YC is the fear that my application would fall in the inbox of our founders. Obviously I would prefer our application to remain confidential until if they we get…
Oh man, I'm in the same situation, and I was kinda trying to not think about it! I'd assumed YC applications were a "safe" place? (No?)
Re: I Am Sam Altman, President of Y Combinator. AMA
#198Re: I Am Sam Altman, President of Y Combinator. AMA
#199Any interest in a Y Combinator IPO?
No. That got a quick involuntary shudder out of me.
Implementation could be as simple as a syndicate on AngelList for instance.