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How to Start a Startup: Fall 2014

startupclass.samaltman.com

71–80 of 145 posts

Re: How to Start a Startup: Fall 2014

#71

Earlier quoted context omitted.

You're not doing yourself any favours with comments like these. YC is going out of their way to make this stuff accessible and privilege has nothing to do with it whatsoever. Please, don't do this.

Perhaps it wasn't the most useful comment I've written, but I think I have a strong point. It's not the information or know-how that makes YC a game-changer. It's the connections and seal of approval, which are scarce by definition. And now the Stanford -> Funded pipeline is even stronger, which means that everyone else is slightly (imperceptibly) more an outsider fuckhead employee on 0.04%. I don't begrudge YC, real…

> It's not the information or know-how that makes YC a game-changer.

YC is composed of equal parts capital, smarts and process. That's not taking into account the connections or the seal of approval, those are results not inputs! You could claim they are inputs now but it wasn't always like that.

> It's the connections and seal of approval, which are scarce by definition.

Connections are not scarce at all. You - and anybody else - have the power to reach out to those that you want to reach. Assuming you play at 6 degrees for a bit you'll find a link to whoever you want to reach. What makes the difference is that once YC gives you that coveted 'seal of approval' (and that's also not that scarce, vast numbers of start-ups have received it) that some people will throw money at you.

But that's a curse and a blessing at the same time, for many of those recipients will receive the 'curse' and only a few will eventually see it as a blessing. But all of them agree: the experience alone was well worth it.

Now I'm not a YC alumnus, nor will I ever be one but I think that if a very large number of people that go through a program think it is worth it then that has my vote.

The seal of approval is something that VCs that do not wish to do their own vetting have come up with, they have basically outsourced their vetting to YC because YC does so much better a job of this than they could ever do by themselves that they might as well try to get in on the feeding frenzy aka demo day.

And YC has forever been expanding the size of their batches based on capacity available for processing. So the scarcity element would seem to be under control and reducing.

> And now the Stanford -> Funded pipeline is even stronger, which means that everyone else is slightly (imperceptibly) more an outsider fuckhead employee on 0.04%.

On the contrary, all the material will be made available, so you too can benefit from this.

Stanford is merely a convenient vehicle.

> I don't begrudge YC, really.

I'll take your word for it. But it seems as if you do hold some kind of grudge and a pretty deep one.

> It's a brilliantly run business and it's probably done a lot of good for the world.

So why all this negativity then? It's like walking around on a square attempting to insult random people for either being successful, connected, part of some perceived secret cabal or some other figment of the imagination. That's a strange line to walk.

> It's just fun to snark about these things because, honestly, most of the people "out there" (the ones who actually think protesting Google Buses makes some kind of sense) are going to react more harshly than I do. I just make fun of shit.

Well, it's good to have that on the table then because I honestly believed that you were serious in the way you present yourself. You're obviously a pretty smart fellow, the bit that I did not understand is if you're so jealous of all this why are you hurting your personal rep at this level. But if you're just 'making fun of shit' then that explains things sufficiently for me, I tried to make sense of it. My mistake.

Re: How to Start a Startup: Fall 2014

#72
Just finished reading Peter Thiel's Zero to One; and it is interesting that both him and Marissa Mayer are going to teach. He sort of disses her in the book. This is a quote from his book.

"Beginning with brand rather than substance is dangerous. Ever since Marissa Mayer became CEO of Yahoo! in mid-2012, she has worked to revive the once-popular internet giant by making it cool again. In a single tweet, Yahoo! summarized Mayer’s plan as a chain reaction of “people then products then traffic then revenue.” The people are supposed to come for the coolness: Yahoo! demonstrated design awareness by overhauling its logo, it asserted youthful relevance by acquiring hot startups like Tumblr, and it has gained media attention for Mayer’s own star power. But the big question is what products Yahoo! will actually create. When Steve Jobs returned to Apple, he didn’t just make Apple a cool place to work; he slashed product lines to focus on the handful of opportunities for 10x improvements. No technology company can be built on branding alone."- [1]

[1] - Zero to One Book by Peter Thiel

Re: How to Start a Startup: Fall 2014

#74

Earlier quoted context omitted.

Eh, these folks use the same programs we do, the same hardware we do, and compete in the same markets we do. There's no reason to be jealous...if you spend your time doing actual business while they're taking classes, you'll win.

You're forgetting the absolutely incredible intangible value and legitimacy of having Stanford on your resume.

Your customers have absolutely no idea of what is on your resume.

Re: How to Start a Startup: Fall 2014

#75
post #72

Just finished reading Peter Thiel's Zero to One; and it is interesting that both him and Marissa Mayer are going to teach. He sort of disses her in the book. This is a quote from his book. "Beginning with brand rather than substance is dangerous. Ever since Marissa Mayer became CEO of Yahoo! in mid-2012, she has worked to revive the once-popular internet giant by making it cool again. In a single tweet, Yahoo! summar…

I don't really see the "diss" in that passage. I see more of an honest question.

Re: How to Start a Startup: Fall 2014

#76
This is a fantastic move by the YC folks. Doing the class at Stanford raises their profile in just the right place -- now more of just the right and able individuals will apply to YC (especially because YC basically "teaching" at Stanford has earned them validation as a place to go for Stanford students, who up til now may have had any reservation about joining YC, or just simply hadn't considered the possibility, or just didn't know of YC). I hope to see a lot of good come out of this.

I hope the next class comes to us in the East coast? :) (Harvard and MIT, producer of Drew Houston, Mark Zuckerberg, etc.)

Re: How to Start a Startup: Fall 2014

#77

Earlier quoted context omitted.

Perhaps it wasn't the most useful comment I've written, but I think I have a strong point. It's not the information or know-how that makes YC a game-changer. It's the connections and seal of approval, which are scarce by definition. And now the Stanford -> Funded pipeline is even stronger, which means that everyone else is slightly (imperceptibly) more an outsider fuckhead employee on 0.04%. I don't begrudge YC, real…

> It's not the information or know-how that makes YC a game-changer. YC is composed of equal parts capital, smarts and process. That's not taking into account the connections or the seal of approval, those are results not inputs! You could claim they are inputs now but it wasn't always like that. > It's the connections and seal of approval, which are scarce by definition. Connections are not scarce at all. You - and…

I used to be much angrier about the non-meritocracy of the Valley, but in 2014, we're near the end of the bubble cycle anyway. I've decided to be forward-thinking and wait for the crash.

After the crash hits and the carpetbaggers leave, it'll be up to people like me to rebuild the technology world. I hope that, when we do it, we create one in which engineers and scientists and makers matter again.

Re: How to Start a Startup: Fall 2014

#78

Earlier quoted context omitted.

> It's not the information or know-how that makes YC a game-changer. YC is composed of equal parts capital, smarts and process. That's not taking into account the connections or the seal of approval, those are results not inputs! You could claim they are inputs now but it wasn't always like that. > It's the connections and seal of approval, which are scarce by definition. Connections are not scarce at all. You - and…

I used to be much angrier about the non-meritocracy of the Valley, but in 2014, we're near the end of the bubble cycle anyway. I've decided to be forward-thinking and wait for the crash. After the crash hits and the carpetbaggers leave, it'll be up to people like me to rebuild the technology world. I hope that, when we do it, we create one in which engineers and scientists and makers matter again.

> I hope that, when we do it, we create one in which engineers and scientists and makers matter again.

There has never in the history of mankind been a time when engineers, scientists and makers mattered more than they do today.

Re: How to Start a Startup: Fall 2014

#79
post #76

This is a fantastic move by the YC folks. Doing the class at Stanford raises their profile in just the right place -- now more of just the right and able individuals will apply to YC (especially because YC basically "teaching" at Stanford has earned them validation as a place to go for Stanford students, who up til now may have had any reservation about joining YC, or just simply hadn't considered the possibility, or…

> now more of just the right and able individuals will apply to YC

I sincerely hope that that is not why they chose Stanford.

Re: How to Start a Startup: Fall 2014

#80
post #14

"That’s why each lecture will be available via YouTube and iTunes Connect shortly after they happen, and associated reading materials and assignments will be linked to on the course site. To keep in touch with others following along with the lectures from afar, there will be a forum and Facebook group available to discuss their content and provide further opportunities to learn from those involved in startups." So, n…

Hopefully, they'll also be captioned so that deaf entrepreneurs like me can also watch. They've set the standard by funding non-profits, hopefully they'll also set another standard by building an accessible lecture series.

If they aren't let me know and I'll transcribe as much as I have time for, I did the same for one of the start-up schools.
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