HackerTrans
TopNewTrendsCommentsPastAskShowJobs

sama

no profile record

Submissions

I Am Sam Altman, President of Y Combinator. AMA

634 points·by sama·11 lat temu·689 comments

comments

sama
·5 lat temu·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 lat temu·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 lat temu·discuss
Somewhat frequently, but we always ask why the company doesn't have a prototype.
sama
·11 lat temu·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 lat temu·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 lat temu·discuss
That's a feature, not a bug.
sama
·11 lat temu·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 lat temu·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 lat temu·discuss
Tough one. I'd probably suggest going to college to meet cofounders.
sama
·11 lat temu·discuss
Yes, definitely.
sama
·11 lat temu·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 lat temu·discuss
No and probably not.
sama
·11 lat temu·discuss
All the time.
sama
·11 lat temu·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 lat temu·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 lat temu·discuss
I predict that will happen in the non-distant future.
sama
·11 lat temu·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 lat temu·discuss
Scaling up the number of people in an organization and maintaining innovation is always, always hard.
sama
·11 lat temu·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 lat temu·discuss
Parker and I spoke about a cofounder then. He was very receptive to adding one, and that helped his case.