How does the partnership structure work at YC? What does it mean to be a part-time partner? Do all partners get carry?
It's a flat partnership--we all get the same economics (including me). If you want a salary, it trades off against your equity. Part-time partners get less equity and spend less time on YC.
I Am Sam Altman, President of Y Combinator. AMA
471–480 of 757 posts
Re: I Am Sam Altman, President of Y Combinator. AMA
#472I'm getting married in July, If I were accepted into YC, is there anything like deferring Enrollment?
Re: I Am Sam Altman, President of Y Combinator. AMA
#473Re: I Am Sam Altman, President of Y Combinator. AMA
#474Dunno if this has been asked already, ever think about doing a yc in in Dublin, Ireland?
Re: I Am Sam Altman, President of Y Combinator. AMA
#475Hi Sam. If the company applies for the second time with some progress made, is it treated differently, like "Ahhh... the same guys. Let's see what they have done since last time"? Does it matter at all?
Yes. If you reapply with the same idea, the first thing we look at is progress since last time.
Re: I Am Sam Altman, President of Y Combinator. AMA
#476Hey Sam, I'm getting married in July, If I were accepted into YC, is there anything like deferring Enrollment?
Re: I Am Sam Altman, President of Y Combinator. AMA
#477Do you have a lot of applicants trying to fix problems in the financial sector?
Re: I Am Sam Altman, President of Y Combinator. AMA
#478Re: I Am Sam Altman, President of Y Combinator. AMA
#479Earlier quoted context omitted.
It's a personal choice for workers. If you're an engineer and you want a guaranteed $250k per year, go work for a financial firm. Nothing wrong with that decision. Everyone gets to make his or her own. Engineers at startups make $100k+, sometimes much more. I don't think people are being asked to subject themselves to unreasonable financial strain. It is indeed "maybe-someday" competition. When you work at a startup,…
> When you work at a startup, you're acting like an investor but investing your time instead of your money. True, except: (a) An employee can probably only work for one startup at a time, and begins vesting after a year. That's like asking an investor to bet on at most 1 company per year. (b) Employers tend to give substantially less detailed information about their business, financials, etc to prospective employees…
Re: I Am Sam Altman, President of Y Combinator. AMA
#480Hi Sam, How does YC look to foreign applications? Do you have any plan to make improvements for participation of foreigners like visa support, logistics etc.