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sama

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I Am Sam Altman, President of Y Combinator. AMA

634 points·by sama·11 years ago·689 comments

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sama
·5 years ago·discuss
AI FTW!

(dang please don't ban me for a low-quality comment :) i couldn't resist but will not make it a habit!)
sama
·11 years ago·discuss
One thing I always think about is if I would take the CEO job at the company if they offered it to me.
sama
·11 years ago·discuss
Somewhat frequently, but we always ask why the company doesn't have a prototype.
sama
·11 years ago·discuss
Slow growth is bad, yes. A lot of our questions will be about why it's slow and how you plan to make it faster.

We tell startups during YC to shoot for 10% weekly growth in their key metric.
sama
·11 years ago·discuss
In general, no. If you want to apply to YC, just apply to YC. Going through some other program first is a negative--the advice is usually bad, there's extra dilution, etc.
sama
·11 years ago·discuss
That's a feature, not a bug.
sama
·11 years ago·discuss
We ask about when they've done the impossible. You also get a pretty good feel for this after asking someone hard questions for 10 minutes. Not pushing back at all is bad, and pushing back too hard is also bad.
sama
·11 years ago·discuss
We randomize everything first, and then look through each morning to see if some interviewees need domain expertise, and then swap those around as best we can.
sama
·11 years ago·discuss
Tough one. I'd probably suggest going to college to meet cofounders.
sama
·11 years ago·discuss
Yes, definitely.
sama
·11 years ago·discuss
It doesn't hurt or help--we fund lots of founders from foreign countries (more than 40% of the last batch was born outside the US).
sama
·11 years ago·discuss
No and probably not.
sama
·11 years ago·discuss
All the time.
sama
·11 years ago·discuss
Unfortunately we don't do that--it just doesn't fit our model. Plenty of companies have done YC at a later stage and still thought we increased their value far more than the 7% we take, though.
sama
·11 years ago·discuss
I think startups are not well-suited for open-ended R+D unfortunately (hoping to do something about this). The best time to move from research to a startup is when you've developed technology and have a plan to make it into a product people will want.
sama
·11 years ago·discuss
I predict that will happen in the non-distant future.
sama
·11 years ago·discuss
Totally depends on the startups. In general it's good to monetize early, but there are very important exceptions. This is the sort of thing we have to give individualized advice about to every YC company.
sama
·11 years ago·discuss
Scaling up the number of people in an organization and maintaining innovation is always, always hard.
sama
·11 years ago·discuss
We might do something like rolling admissions, but the advantage of the batch model are huge. It's so helpful to the startups to be around other startups at roughly the same stage.
sama
·11 years ago·discuss
Parker and I spoke about a cofounder then. He was very receptive to adding one, and that helped his case.