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How YC Has Changed

blog.ycombinator.com

21–30 of 61 posts

Re: How YC Has Changed

#21

Surprised Stripe didn't explicitly make the list of notable startups from over the years. Bigger than even Dropbox by valuation (obviously not apples to apples vs. public market cap) and arguably has had a bigger positive impact on the world than any other YC startup by actively increasing the GDP of the internet.

Stripe is great and all, but they're no Ginkgo Bioworks.

Re: How YC Has Changed

#22
post #17

Earlier quoted context omitted.

I talk about this specifically in my post... Having done YC in 2007, 2012, and helping to run it now. I think today YC founders are given many more tools and much more money to succeed.

Sure, no doubt today's founders are much better equipped for success no arguing that. I guess I meant just from a pure experience perspective.

I think today's founders care about being equipped for success. The Y combinator in the lambda calculus is about what it enables you express, not itself.

Re: How YC Has Changed

#24
post #20

What percentage of YC founders end up working for another YC company after their venture fails?

I don't know the percentage but it's definitely very common. Lots of YC companies look specifically to hire other former YC founders.

Re: How YC Has Changed

#25
post #22
post #17

Earlier quoted context omitted.

Sure, no doubt today's founders are much better equipped for success no arguing that. I guess I meant just from a pure experience perspective.

I think today's founders care about being equipped for success. The Y combinator in the lambda calculus is about what it enables you express, not itself.

I'm a "today's founder" (although I will admit I'm pretty old) but the history of PG, YC & the people that were in those first few batches I find incredibly interesting. In fact I find the whole evolution of this industry as a whole in Silicon Valley interesting & this is just the next evolution of that.

Sure, our focus is all about how to grow faster & I didn't mean to imply that today's YC is worse than it was when it started as it relates to achieving a founders actual goals, I didn't mean that at all.

My question to Michael was just based on this aspect of his post: "For me, there were two amazing things in the early days of YC that are different today. First, in 2007, batches were much smaller so it was easier to meet all of your batchmates. Today, you have to work harder to meet and become friends with all the talented people in your batch. We put companies into groups of about 30-40 in order to replicate the feeling of the past. Second, getting to work directly with PG was special."

From strictly an experience aspect since Michael is uniquely qualified to give a perspective on being a part of both then and now there had to be a certain magic in that 2007 batch that would be pretty tough to recreate today, or maybe not I guess, I don't know, it's why I asked.

Re: How YC Has Changed

#26
YC just announced YC China[1]. What will you say when they ask you to call it the "June Fourth Incident" instead of "Tienanmen Square Massacre"? You're not naive, you must see that moment in the future, or have some idea to dodge it somehow? Will you kowtow?

What's your attitude towards the Republic of China (Taiwan)?

[1] https://blog.ycombinator.com/yc-china-qi-lu/

Re: How YC Has Changed

#28
It's the world that has changed. Launching into a relatively open world wide web is fundamentally different to breaking into the consolidated platforms of today. Startup culture was at its peak in the PG days today it's closer to a nadir.

Re: How YC Has Changed

#29
Hey it's Friday and I always wanted to ask: what do the people at YC think about bringing back some kind of smaller-scale investment for a larger number of applicants?

There was a time in my life after I graduated in college in '99, after the dot bomb, before the housing bomb, before YC, when I could have made just about any app/website in 6 months for $10,000. I wasn't driven by money, I just needed basic living expenses for enough runway to get ahead before someone snagged me back into working another day job to make ends meet. To me, microlending to this vast pool of untapped potential was the basic premise of YC and what I found so revolutionary about it.

Would you consider breaking one of your $150,000 investments into 10 or 15 smaller investments? Why or why not? Thanks!

Re: How YC Has Changed

#30

Hey it's Friday and I always wanted to ask: what do the people at YC think about bringing back some kind of smaller-scale investment for a larger number of applicants? There was a time in my life after I graduated in college in '99, after the dot bomb, before the housing bomb, before YC, when I could have made just about any app/website in 6 months for $10,000. I wasn't driven by money, I just needed basic living exp…

I suspect it costs them ~10,000$ to hand out XX,000$. If nothing else they want some due diligence to avoid harming their brand. On top of that 10,000¥ in 2019 does not go as far.
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