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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

#192

Hi Sam Altman, What would you suggest to a new college grad? Should I go work for a big companies, save some money and then go into start ups or just go into start ups ?

I wrote something related: http://blog.samaltman.com/advice-for-ambitious-19-year-olds

If you have a low personal burn, you can jump right into a startup. If you have a lot of personal expenses, you probably need to save money before starting a startup.

As a side note, people sometimes criticize YC as being unfriendly to older founders because we don't provide enough money. I always encourage founders with big financial obligations to save up some money before starting a startup--it'll make things far less stressful.

This is a huge advantage of being a recent college grad--you generally have very little in the way of obligations.

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

#197

Hello Sam, First, thank you so much for taking the time to answer our questions. My question is about confidentiality of applications. Today I am working at a YC startup. I (and two other friends) have a project in mind. But what prevents me from applying to YC is the fear that my application would fall in the inbox of our founders. Obviously I would prefer our application to remain confidential until if they we get…

Oh man, I'm in the same situation, and I was kinda trying to not think about it! I'd assumed YC applications were a "safe" place? (No?)

We were in the same situation. But we were completely open with our YC founders and they helped us a lot in getting into YC and with tons of advice. It seems like you are building the relation ship wrong based on some sort of deception. I would think about it.

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

#199
post #46

Any interest in a Y Combinator IPO?

No. That got a quick involuntary shudder out of me.

Maybe a more founder-friendly way to rephrase this, rather than an IPO with the public: have you considered opening crowdfunding so that the startup community self-funds the next YC semesters? I'm sure there would be quite some demand.

Implementation could be as simple as a syndicate on AngelList for instance.

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