Y Combinator’s president Sam Altman dropped some big stats about his prestigious startup accelerator today. But there’s a few he left out that can be estimated based on his announcement that the combined market cap of all YC companies exceeds $30 billion.
It was the middle of the night when the jangle of his cellphone woke Sanjay Khajuria from a deep sleep.
Recently Inc published an interview in which I said we'd noticed a correlation between founders having very strong foreign accents and their companies doing badly. Some interpreted this statement as xenophobic, or even racist—as if I'd said that having a foreign accent at all was a problem.
An investor wants to give you money for a certain percentage of your startup. Should you take it? You're about to hire your first employee. How much stock should you give him? These are some of the hardest questions founders face. And yet both have the same answer:
I had a front row seat for the Internet Bubble, because I worked at Yahoo during 1998 and 1999. One day, when the stock was trading around $200, I sat down and calculated what I thought the price should be. The answer I got was $12. I went to the next cubicle and told my friend Trevor.
Highly addictive, horribly debilitating, unfortunately pervasive, and freaking delicious. If I had to point to ONE culprit to our country’s expanding waistlines and rapidly deteriorating health, it would be sugar.
October 2010 (I wrote this for Forbes, who asked me to write something about the qualities we look for in founders. In print they had to cut the last item because they didn't have room.) 1. Determination This has turned out to be the most important quality in startup founders.
FreeBSD is a fast, secure, modern Unix-like operating system with a fantastic community, great documentation, and powerful technologies like ZFS and LLVM. It’s my operating system of choice for everything from my i7-2600k desktop to my home router to my ARM plug computer jukebox.
Data and creativity can work really well together. Don’t believe me? On February 1, 2013, a TV series called House of Cards debuted on the video streaming service Netflix. It proved an immediate hit. Two years later, it has a nine out of 10 rating from more than 275,000 reviewers.
Turkey has weathered five successful military coups since the founding of the Republic, in 1923, and what happened on Friday, with soldiers surging against President Recep Tayyip Erdoğan and his ruling Justice and Development Party, or A.K.P., marks an attempt at the sixth.
Sometimes, you want to see your Android smartphone’s screen on your PC. How do you do that?
One of the things I always tell startups is a principle I learned from Paul Buchheit: it's better to make a few people really happy than to make a lot of people semi-happy. I was saying recently to a reporter that if I could only tell startups 10 things, this would be one of them.
I realized recently that what one thinks about in the shower in the morning is more important than I'd thought. I knew it was a good time to have ideas. Now I'd go further: now I'd say it's hard to do a really good job on anything you don't think about in the shower.
About six weeks ago, I was sitting in front of my computer waiting for one email. Not just any email. The email. We had just flown from Paris to Mountain View for our 10-minute interview at the Y Combinator and it was now over. All we had left to do was wait.
If you’ve been following Marvel’s comics lately, you’ll know that Steve Rogers hasn’t been Captain America for a while now. He’s been drained of his super-soldier serum and turned into an old man, while former Falcon Sam Wilson has taken up the mantle (much to some people’s chagrin).
But I have a really hard time giving this advice to a 22 year old. I certainly didn't heed it myself. Instead I used the cash and spent 100% of it on my own professional and personal development. So, naturally, since this is Stanford and Silicon Valley. I'd include a section on Risk. Taking it.
Every business, at some point, faces competition. But competition is not the same as disruptive competition — a new class of competitors created when technology enables new players to compete with incumbents on terms the incumbent isn’t used to.
My cofounder Ishaan and I just graduated from the Summer ‘13 batch of Y Combinator with our mobile analytics company, Watchsend, and it was undoubtedly critical to our development as entrepreneurs. This is the advice I give others about applying.
EDIT: 12:55 PM. This has been a really fun three hours, but now I have back to back meetings for the rest of the day. Sorry I couldn't answer everything--I typed as fast as I can :) Special thanks to the YC software team for fixing an issue very quickly in the middle of this!
Michelle Crosby, an energetic 37-year-old lawyer in Boise, Idaho, applied for a loan last November from a local bank, Western Capital. She proposed to use the money, $10,000, to help start a new business, Wevorce, which could be described most reductively as an H&R Block for divorces.
Love the site especially the speed. But disappointed that the search indexes the name of the container of the torrent only and not the name of the files within the torrent. To date the only site I know that does this is "filelisting dot com" but their website is very slow.
The world’s most prestigious startup accelerator Y Combinator published a guide to founding companies called The Startup Playbook. Here are the top tips from YC’s president Sam Altman, accompanied by illustrations from Gregory Koberger.
You've heard the expression “practice makes perfect” a million times, and you've probably read Malcolm Gladwell's popular “10,000 hours” theory.
The investment will come in two chunks, which together will represent a flat 7% of the company. Although YC itself continues to have no LPs (and that way we have the flexibility to do things like fund non-profits), a portion of the investment is from a fund YC manages that does have LPs.
Wade Foster on Zapier’s unusual beta program, getting new users and building a successful remote team. Software integrations have been around for a very long time.
Some of these hundreds of moments per day are when people are checking the time, texting with a spouse, or catching up with friends on social media.
Y Combinator's 7th birthday was March 11. As usual we were so busy we didn't notice till a few days after. I don't think we've ever managed to remember our birthday on our birthday. On March 11 2005, Jessica and I were walking home from dinner in Harvard Square.
I remember my first meeting with the chairman when I arrived at Leicester City this summer. He sat down with me and said, “Claudio, this is a very important year for the club. It is very important for us to stay in the Premier League. We have to stay safe.” My reply was, “Okay, sure.
What do you think of when you hear “Y Combinator”? If you’re like most of us, you’d probably think of the venture capital company based in Mountain View, California. Please, please don’t run away. There’s a reason why Silicon Valley’s Y Combinator is named after this.
Want to work at Slack — in NYC? We are hiring talented engineers, product managers, and designers. Visit slack.com/jobs to find out more, or email me directly at nweiss @ slack-corp . com.
I've done a half-assed "important learnings from the last year" retrospective for myself, but your method of keeping it going forward is both far less lossy and more complete. Putting it on GIT as well seems like a smart choice. Treat it as your "Accessible anywhere" personal cheat-sheet.
“Safe” comes from “Simple agreement for future equity.” Although the name is an acronym, we got tired of typing “SAFE” all the time when talking about it, and we’ve already switched to lowercase.
Some kind of magic happens in startups, especially at the very beginning, but the only people there to see it are the founders. The best way to understand what happens is to ask them, so that’s what I did. In the book, you’ll hear the founders’ stories in their own words.
Your willpower is constantly being tested, which makes things like eating healthier, exercising more often, and waking earlier so very hard. The good news is there's one powerful way to train our brains for more self-control. That's right, meditation.
I have a server moving 20+TiB up and 20+TiB down per month for 2.99€. If I'm reading this right with EC2 pricing I'd be paying 1,750€/month just for the bandwith!
So you have a YCombinator interview coming up? Congratulations. You’d like some advice from a YC alum (S ’11) about how to prepare? Happy to help.
PATERSON, N.J. — Brenda Pitts sat stiffly in an emergency room cubicle, her face contorted by pain. An old shoulder injury was radiating fresh agony down to her elbow and up through her neck. She couldn’t turn her head. Her right arm had fallen slack.
In the fall of 2014, Sam Altman President of Y-Combinator, taught a class at Stanford entitled “How to Start a Startup”. All lectures are online. I’m on faculty as an Entrepreneur in Residence at Florida State University.
The United States is estimated to now have over 27 million Entrepreneurs. Since you are reading this, I am assuming you are one of them and are probably familiar with incubators like 500 startups and Y Combinator.
I've read Villehardouin's chronicle of the Fourth Crusade at least two times, maybe three. And yet if I had to write down everything I remember from it, I doubt it would amount to much more than a page. Multiply this times several hundred, and I get an uneasy feeling when I look at my bookshelves.