Y Combinator is a famous Silicon Valley startup accelerator where Airbnb, Coinbase and Reddit all got their start. This startup school has backed companies now valued at $600 billion. Emily Chang met with Y Combinator CEO and President Garry Tan to discuss his roots as a founder who went through Y Combinator himself, to his return as the accelerator’s current CEO. They discuss what it takes to be a great founder, the Silicon Valley Bank crisis, how Mr. Beast schooled Tan on his content creating, and the fate of San Francisco.
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Grok: Its main competitor, Tumblr, was described as "notoriously unprofitable," which implies that similar platforms like Posterous faced challenges in generating sustainable revenue.
When Twitter acquired Posterous in March 2012, it was widely considered an "aquihire" (an acquisition primarily for the team rather than the product), suggesting that Posterous itself may not have had a strong financial foundation or profitable business model. The shutdown announcement in February 2013, followed by the closure on April 30, 2013, further supports the idea that Posterous was not financially sustainable on its own.
Everything goes well unless some female journalist say there is no representation of women in tech! Its growing, not all can survive the YC and startup market with investor other than family and friends.
3:37 3:56 4:25 6:18 10:44 11:09 11:19 13:32 14:43 18:01 18:30 19:56
18:51 A thousand flowers bloom 💖
Why aren’t there more women in yCombinator is the wrong question to ask. The question should be what percentage of startups are founded by women and then ask what percentage of these companies are also working a problem that qualify to receive angel and VC funding. If this number is 10% of applications then the % of women founders in YC should be near 10% not 50%. I have no idea what the ratio should be, just that it is possible that ratio should be 1% women to 99% men. IDK and don’t have access to the data. To find out the correct percentage someone would need to do data science work on different metrics and research trends. Answers might be found, might not. Any answer would also need tested. My point is expecting since the men/women ratio is near 50/50 the YC ratio should also be 50/50 is not a fair question to YC or any other accelerator. This complaint has been around since the 90s when 10% of engineers were women, 90% men. At that time the only way to have 50/50 would be to have 10% women, 10% men, and 80% unemployed. That makes no sense. If the ratio is 10/90 then that should be the target
No way this isn’t an abusive place. Every single thing that comes out of this dudes mouth is a red flag. Real entrepreneurs drop out of places like this, or don’t bother. Hazing and gatekeeping is for children.
Misleading title.
The so called issue of not enough women is likely due to not many women who are interested in starting a startup and not due to the selection process of YC.
That hello at the beginning was far more special than the coffee.
Q at 17:59 timestamp – I think Uncle Jerome that Gary Tan of Y Combinator mentions is Jerome Powel, Chair of US Fed Reserve, right? Thank you!