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New RFS – Breakthrough Technologies

blog.samaltman.com

151–160 of 219 posts

Re: New RFS – Breakthrough Technologies

#151
post #70
post #64

> "We are getting close to spending 20% of our GDP on healthcare; this is unsustainable." Really? Why should 20% be unsustainable?

Because there are other countries who are delivering high-quality healthcare for less, and our (USA) healthcare expenditure is outpacing GDP growth.

As the existence of such countries suggests, though, I'm skeptical that it's really a technology or innovation problem. We aren't delivering healthcare more cheaply in Europe because we have great healthcare startups or advanced preventative technology, but rather because the sector is structured entirely differently.

Re: New RFS – Breakthrough Technologies

#152
post #92

Earlier quoted context omitted.

You can't build part of an engine in three months and then show it off on demo day. You can't build a database in three months and show it off on Demo Day either, but we've funded many database companies. You don't need to have shipped by Demo Day. You just need to have achieved enough to convince investors to give you more money. What "enough" means depends on what you're building. Experienced investors know how muc…

Most databases I see on HN are a case of take algorithm X and apply it to problem Y through interfaces Z[], which is fantastic if you have problem Y and no good solution. Infinitely scalable nosql db running on raw SSDs is fantastic, for example, but not even close to designing a theoretical spaceship. Would or could ycombinator fund a company that could only tell you what to expect in 0.25 + n years where n>9 and Bo…

It's very easy to underestimate how difficult building a database from scratch (or even making large incremental changes to an existing one) is.

Another way to think of it is to think of an core database engine as analogous to a part of a propulsion mechanism. You can "demo" the core to show that a technology has promise. In case of a DB, you'd use a micro-benchmark with a synthetic workload; in case of a propulsion mechanism, you could use a software simulation.

The full RDBMS (transactions and locking, query optimization, buffer pool, etc...) takes far longer to build.

Finally, the equivalent of a "spaceship" here would not be more than the RDBMS, but a full ecosystem of systems software, middleware, and applications (e.g., app servers, messaging, CRM, ERP, etc..)

Re: New RFS – Breakthrough Technologies

#153
post #57
post #49

Earlier quoted context omitted.

Both Thalmic Labs and the Meta project are examples of longer term projects that raise money through YC. There are a bunch more in the current batch that have a much longer time frame. While the three month demo is a constraint, it is not one that kills ambitious projects at YC.

Given that these more visionary, long-term, scientific startups will often require founders of a different demographic than what we're used to seeing (eg. older, more experienced in a given field, maybe with obligations like a spouse and kids), will you guys modify your approach to evaluating applications, more specifically the founding teams?

This presupposes YC discriminated against older founders in the first place.

Re: New RFS – Breakthrough Technologies

#154
post #111

I hope someone is crazy enough for the Tall Tower project. It is the kind of project the Human Race needs to convince ourselves that we are still capable of getting Big Things done. If you don't know about it already, it is a project jump-started in part by Neal Stephenson, to build a 15km tall tower. http://hieroglyph.asu.edu/project/the-tall-tower/ https://www.youtube.com/watch?v=TE0n_5qPmRM

Cool! That reminds me of the 10,000 year clock: http://www.businessinsider.com/everything-you-need-to-know-a...

Which Neal Stephenson is also involved in.

Re: New RFS – Breakthrough Technologies

#155
Big point: We want to start with what we have and get to what we want.

So, how the heck to do that?

Maybe what we are doing is just using computing to automate what we have long done manually. Then we know how the heck to do that and mostly just need to program it.

Maybe we can think of a reasonably good way to do that using just intuitive heuristics and just need to program those.

But, what else can we do?

Here's an example: Suppose at a server farm we have a system and want to monitor it for any problems not seen before. Suppose the system can report 100 times a second numerical data on each of 12 variables. Suppose the server farm is relatively stable and we can collect such data for three months, let the data 'age', and be fairly sure that the system was operating 'normally' (correctly, without problems) during those three months.

Now what? In real time, how do we monitor the system? AI 'expert systems'? Been there; done that; don't think so.

And our customers are highly concerned about both detection rate and false alarm rate. The 12 variables used carefully seem to promise a good detection rate, but what the heck to do about keeping false alarm rate down? Intuitive heuristics? I don't think so. Something in 'machine learning'? I doubt it. Now what?

Okay, it's a research problem in the applied mathematics of applied probability.

Okay, what's the lesson here? The applied math now should be seen as the uniquely powerful crucial methodology for much of the progress we seek, say, in the RFS. Why? Because in a strong sense, math has by far the most powerful methodology in civilization. How? Why? Because applied math can take what we have, use that as hypotheses in mathematical/logical deductions and, with theorems and proofs, come up with mathematical consequences that are rock solid logically and give us what the heck we want, far beyond anything we ever did manually or could ever guess with intuitive heuristics.

Net, the key methodology for much of the progress we want, that is, taking what we have and getting to what we want, is some applied math, with theorems and proofs, possibly in part or largely original, and sometimes with some advanced math prerequisites. Such math promises to be one of the most important pillars for the exploitation of computing in the future, assuming that we do get such exploitation.

So far I have yet to see "applied math" mentioned on the Web site of any venture firm.

Another example? Sure: Take the data we have and get to what we want in, say, ad targeting. So, sure, there are lots of techniques for ad targeting, but what are the more powerful techniques, say, that give much more effective ad targeting, and how do we find and confirm the power of such techniques? Well, in some cases, maybe most, the best methodology will be some math such as I described.

VC, YC, SV, entrepreneurship, computing, etc. will have to take applied math quite seriously or miss out on a lot of what might have been and struggle for decades in nearly useless mud wrestling instead.

You've been warned. Be warned. You neglect applied math and you can't win and must lose compared with what is possible, big time. Did I mention that the theorems and proofs of applied math form the most powerful methodology in civilization? Believe it.

Re: New RFS – Breakthrough Technologies

#156
post #124

Earlier quoted context omitted.

But it's plausible as a fast, minimal entry point to electric vehicles in general, potentially attracting more capital to expand a proven product line, instead of trying to start with a car. I hope they're planning something like that.

I think another company ate their lunch, unfortunately. Came out with a similar product for 1/2 the price and 2x the range. That company also makes other EVs..

I would be especially interested in this, as I fall into what I consider the relatively rare demographic of skateboarder/HN reader. As far as I knew, Boosted Boards had the most elegant solution from a consumer point of view.

All of the alternatives I have seen either are too heavy, too expensive, insufficient range or power, or simply created without an understanding of how a skateboard functions.

Re: New RFS – Breakthrough Technologies

#157
post #49
post #35

This sounds terrific, but it doesn't seem self-consistent between wanting companies with the scale of ambition of SpaceX and Tesla, but insisting on early momentum being critical and avoiding a big and expensive initial project. Tesla took four years to introduce their first product, the Roadster. When they went public two years later, they had gone through a net loss of around 300 million dollars, and were still two…

Both Thalmic Labs and the Meta project are examples of longer term projects that raise money through YC. There are a bunch more in the current batch that have a much longer time frame. While the three month demo is a constraint, it is not one that kills ambitious projects at YC.

D-wave is a great example of a company in the class described. Founded in 1999, they didn't ship their first quantum computer until 2011. However, they were able to show progress along the way, solving sub-challenges and as a result were able to raise many rounds of funding before ever shipping a product. http://en.m.wikipedia.org/wiki/D-Wave_Systems

Re: New RFS – Breakthrough Technologies

#158

I can't help feeling that there's just too much in this RFS and that much of it lies beyond the expertise of YC. The lack of focus means that the only message I can take away is that YC wants fewer frivolous startups. SpaceX and Tesla are fine for inspiration but they have absolutely exceptional funding - no YC company is going to have access to those opportunities. I'm all for ambition but I don't see how this RFS i…

"The lack of focus means that the only message I can take away is that YC wants fewer frivolous startups."

My interpretation is that with some serious runs on the board, YC is now in a better position to have a stronger crack at bolder, hardware-heavy ideas.

Reading TechCrunch announcements for many recent YC inclusions has had me thinking "Really? That made it in?" This RFS had me quite excited for what submissions YC might encourage or nurture towards serious funding.

Re: New RFS – Breakthrough Technologies

#159
post #157
post #49

Earlier quoted context omitted.

Both Thalmic Labs and the Meta project are examples of longer term projects that raise money through YC. There are a bunch more in the current batch that have a much longer time frame. While the three month demo is a constraint, it is not one that kills ambitious projects at YC.

D-wave is a great example of a company in the class described. Founded in 1999, they didn't ship their first quantum computer until 2011. However, they were able to show progress along the way, solving sub-challenges and as a result were able to raise many rounds of funding before ever shipping a product. http://en.m.wikipedia.org/wiki/D-Wave_Systems

They still don't actually have a quantum computer in the vein of the accepted model of one though.

Re: New RFS – Breakthrough Technologies

#160

Earlier quoted context omitted.

Plowing $150M into a car company before making a sale isn't remotely reasonable. Why not? After all, it resulted in Tesla.

True, but Fisker took more than that, and then went bankrupt. Car companies can fail like any other startup. Tesla itself very nearly failed.

YC and VCs are used to that. Not every investment is made assuming it will be a homerun.
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