What do you think are some of the unsolved problems in the location based apps field?
I Am Sam Altman, President of Y Combinator. AMA
261–270 of 757 posts
Re: I Am Sam Altman, President of Y Combinator. AMA
#262hello sam
How do you get the (gut) feeling that you should definitely invest in a particular idea (or company)? (how do you make such a decision)?
Re: I Am Sam Altman, President of Y Combinator. AMA
#263With you recently leading a round of investment for reddit, it seems you are quite optimistic about its success but as of late 2013 (and maybe now too), Reddit remains in red even after nearly a decade of its inception[1]. Reddit CEO once said, that ads are the reasons Digg failed[2], so I believe the site would be wary of using ads to the fullest. How do you think Reddit would become profitable and would be able to…
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Re: I Am Sam Altman, President of Y Combinator. AMA
#264Is there a chance to be approved if my startup is an incubator/accelerator a la YC in another region of the world?
Definitely a chance, but if you want to get into YC you should just apply to YC.
It usually hurts you if you've gone through another accelerator because our bar is much higher. In that case, we expect you to be already accelerated, and we find that many accelerators are actually more of a brake pedal.
Re: I Am Sam Altman, President of Y Combinator. AMA
#265[deleted]
Irrelevant
Re: I Am Sam Altman, President of Y Combinator. AMA
#266Sam, our YC application is almost ready, can I post it tomorrow? :)
Re: I Am Sam Altman, President of Y Combinator. AMA
#267Do you think the increasing cost of living in the valley is detrimental to starting up?
Yes, I think it's the biggest long-term risk to the valley's continued startup dominance.
Re: I Am Sam Altman, President of Y Combinator. AMA
#268[deleted]
> there are rumors going around that Yishan was bribed to step down so that Ms. Ellen Pao could become interim CEO just in time for her trial against Kleiner Perkins. Could you comment on her character? It's bad enough that you're publicly asking sama for petty gossip on an AMA like this, but ending it by making this about Pao's character, not Yishan's character, the changing of the guard at Reddit in general, or eve…
And of course he's not going to comment on pending litigation. That would be... highly inadvisable.
Re: I Am Sam Altman, President of Y Combinator. AMA
#269Do you think the YC formula would work outside the valley, where it's harder to find plenty of young early adopter types?
Re: I Am Sam Altman, President of Y Combinator. AMA
#270Why don't even the best VCs publish returns? Does YC plan to?
I don't know why most don't.
Ours sound silly. The IRR is way over 100%, but on a relatively small amount of capital.