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I Am Sam Altman, President of Y Combinator. AMA

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Re: I Am Sam Altman, President of Y Combinator. AMA

#321
Is the "uber for ...." market too saturated or do you think there are still problems that can be solved by on demand marketplace apps? Are the opportunities for these type of companies to get accepted based primarily on market traction?

We're a company looking to create 1M jobs with 10 percent being military vets..Do you have any previous history of funding companies founded by military vets?

Re: I Am Sam Altman, President of Y Combinator. AMA

#323
post #150

Is there a lower preference for college-dropouts today in YC? The average YC founder age has increased considerably and I think there might be some relation.

No, if anything it's higher. I think the median age increase has more to do with us funding companies in different spaces that require more experience. If you're starting an Internet company, I'm more convinced than ever that you don't need to finish college.

> If you're starting an Internet company, I'm more convinced than ever that you don't need to finish college.

For your typical web startup you probably don't need college to learn the technology or the design patterns. But there are certain areas of social science that can be hard to pick up on your own because they are basically oral traditions, and there isn't really an obvious list of books to get on Amazon or whatever. Finishing a degree is still probably overkill though.

Re: I Am Sam Altman, President of Y Combinator. AMA

#324
post #70

Earlier quoted context omitted.

What's something he said or did to cause the 'whoa' reaction? Any kind of anecdote you can share?

Watch the Startup School video on Youtube. It's when he talks about what he built before/parallel to The Facebook (Wirehog, Synapse, ZuckNet, etc.)

For the lazy, here's the link[0] where Mark talks about building a site that got students to upload their notes that helped him pass an exam for a course he hadn't studied for.

PG remarked that this was fitting answer for the "Tell us how you hacked a system" question in the YC application and added he has to constantly remind himself its too late to accept Mark into YC.

https://www.youtube.com/watch?v=MGsalg2f9js?t=6m10s

Re: I Am Sam Altman, President of Y Combinator. AMA

#325

I forget which speaker, it may have been Peter Thiel, was discussing how difficult starting a startup is at one of the startup school talks, and said "there are easier ways to make a lot of money". I would be curious if you knew what he (or whomever said that) would consider easier.

I think I was the one to say that.

Working in finance is an easier and more predictable way to make a lot of money, as long as you can deal with the deep existential angst the comes from adding no value to the world :)

Re: I Am Sam Altman, President of Y Combinator. AMA

#326
What do you think about companies which have their main office in SF and engineering office at their home country?

Obviously these companies spend a lot less money on talent and on paper they can get more stuff done with less funding.

What are the success rates of these companies, compared to full SF companies? Is it logical to start to whole company in SF or have a product office somewhere else?

Re: I Am Sam Altman, President of Y Combinator. AMA

#327
What do you think about companies which have their main office in SF and engineering office at their home country?

Obviously these companies spend a lot less money on talent and on paper they can get more stuff done with less funding.

What are the success rates of these companies, compared to full SF companies? Is it logical to start to whole company in SF or have a product office somewhere else?

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