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I Am Sam Altman, President of Y Combinator. AMA

news.ycombinator.com

131–140 of 757 posts

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

#131
In terms of "How will you make money", are you interested in the market for the initial product/use case or what we think the product can eventually grow into?

ie: We think our total initial market has the potential to be around $30M/yr but can grow to take on other use cases.

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

#132
How do you feel about the fact you employ the co-founder of a company that sells technology to the government that assists in the management of espionage data and has been associated with people crafting proposals to engage in industrial espionage? [e.g. Palantir]

http://www.forbes.com/sites/andygreenberg/2011/02/11/palanti...

https://news.ycombinator.com/item?id=8236762

http://www.huffingtonpost.com/ralph-nader/corporations-spy-o...

http://thinkprogress.org/economy/2011/02/17/144678/chamberle...

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

#134

I frequently see the stat that YC companies are worth 30 billion in total. While this is very impressive, it's still less than say Uber at 40 billion for a single company that's about the median age of the group--so it seems like a fair comparison, though an obvious outlier. For the Uber, Twitter, Facebook, Google, etc. outlier startups, how much pure luck do you think plays into their success? AirBnB and Dropbox are…

We haven't updated our numbers in awhile. Current total is more than Uber.

We'll update again at some point.

It's not a perfect correlation, but the founders that build huge companies are extremely determined and smart, they have a very clear vision, they see things other people miss, etc etc.

That said, there is definitely a luck multiplier for the humongous companies. You cannot have a clear plan to build a $200B company.

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

#139
post #134

I frequently see the stat that YC companies are worth 30 billion in total. While this is very impressive, it's still less than say Uber at 40 billion for a single company that's about the median age of the group--so it seems like a fair comparison, though an obvious outlier. For the Uber, Twitter, Facebook, Google, etc. outlier startups, how much pure luck do you think plays into their success? AirBnB and Dropbox are…

We haven't updated our numbers in awhile. Current total is more than Uber. We'll update again at some point. It's not a perfect correlation, but the founders that build huge companies are extremely determined and smart, they have a very clear vision, they see things other people miss, etc etc. That said, there is definitely a luck multiplier for the humongous companies. You cannot have a clear plan to build a $200B c…

[deleted]

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

#140
With 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 sustain itself?

[1]: http://www.businessinsider.in/Reddit-CEO-Admits-Were-Still-I...

[2]: http://techcrunch.com/2012/11/08/reddit-digg/

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