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I Am Sam Altman, President of Y Combinator. AMA

news.ycombinator.com

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

#174
You say a lot that startups should collect revenue very early. If my startup is currently just a side-project and I haven't yet incorporated, what's the legal concern of collecting payment?

I feel like startups like Door Dash have dealt with this, but I was just wondering if there's anything I should be aware of.

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

#177
post #153

What are your thoughts on teams applying pre-product (but in development) with an experienced/diverse team compared to teams with product/initial traction? Do you weigh them differently during application reviews?

It's hard to give a standard answer to this--it depends entirely on the specifics of each case.

Thanks for doing this AMA anything Sam.

As a follow-up, what would you recommend applicants who are in this position do before the end of next week to increase their chances of being interviewed/accepted? (i.e. get feedback from as many YC alum as possible, iterate on their video, etc). Obviously without specifics, I'm sure your answer may be similar to the above, but any general recommendations here?

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

#178
post #153

What are your thoughts on teams applying pre-product (but in development) with an experienced/diverse team compared to teams with product/initial traction? Do you weigh them differently during application reviews?

It's hard to give a standard answer to this--it depends entirely on the specifics of each case.

[deleted]

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

#179
post #153

What are your thoughts on teams applying pre-product (but in development) with an experienced/diverse team compared to teams with product/initial traction? Do you weigh them differently during application reviews?

It's hard to give a standard answer to this--it depends entirely on the specifics of each case.

Thanks for doing this AMA Sam.

As a follow-up, what would you recommend applicants who are in this position do before the end of next week to increase their chances of being interviewed/accepted? (i.e. get feedback from as many YC alum as possible, iterate on their video, etc). Obviously without specifics, I'm sure your answer may be similar to the above, but any general recommendations here?

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