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today we talk about uh creator economy and things like that but i actually think like paul graham figured out a lot of the stuff early right he did his essays his essays were the top of the funnel it was like you weren't meant to have a job and then i read those essays and i'm like no no no no oh my god this is great like this is me me yeah totally i mean i was working for peter teal's uh you know startup palantir which is public now which is insane and i read his essays and i was like oh my god
i mean i would argue paul graham was one of the first people to add some software where it's like apply on this website and like two percent of people can actually get into y combinator and right you showed that oh there's actually a lot of space for adding software and then when i got there i built you know their social network which like one in three i see people use every day so i'm like that they're like software things right yeah book it's a joke on facebook it's actually from the office
I saw in Rohan honestly yeah pretty amazing but why does it have product venture capitalist fit like there's so many venture capitals inside of it investors and they're so addicted to it that I said this is the greatest example of product a venture capital fit I've seen since Lux or uber for that matter yeah because you know VCS would take Lincoln Town Cars they wouldn't take taxicabs so they understood uber immediately right there's like they were the first users here
I think that they've made the right moves
YC taking their programmatic pro rata and they've actually stepped that back so that's actually worked out really well explain that's the right move they were take they were trying to maintain their 7% indefinitely that's right which seems reasonable it's not reasonable it is but the interesting thing was I actually raised that fund you raised the continuation fund higher is the first couple hundred million dollars of the YC continuity fund so
there's no appeal process and there's no appeal like there's no one listening right right and that's a problem
Google will ban YouTube accounts left and right and unless you make a big stink in social media you lose it forever
as long as Google doesn't shut down your account you're good and right might randomly do that
the best hack that I've ever seen nerds the best hack I've ever seen is people upload videos to YouTube and make them unlisted and now you've got a backup for all time for free
Google will ban YouTube accounts left and right and unless you make a big stink in social media you lose it forever
I remember my old partner harge tagger who hired me at Y Combinator he was starting a start-up in the health space he heard about there as he went to Walgreens in Palo Alto after the announced saying hey you can do a one one drop of blood blood test now and he could not get them to do a single one
I mean I put Amazon on the disaster side because it's probably the only tech company I mean this is also a new thing if you look at the S&P 500 I think it's 40% of the market value and that wasn't true at the start of this decade and so you know Microsoft Google Facebook all of these guys they are great companies that are only doing software right Amazon is the one that the fortune 500 really should be worried about because they don't care they'll touch atoms they'll open warehouses they'll brin
they were uh awfully strong in there in their posts where they were threatening lawsuits with us but that uh it was never going to happen i mean we were actually helping them the whole time plugging some of these holes
he's going up against microsoft google and ibm and grouping them and they're not even coming close
I learned both things to do and things not to do right so amongst the things to do would be just uh run your product well i guess this is more of not to do like okay you just need to do less and uh that's one thing that i blogged about recently was uh the first thing i asked was what happens when you want to get rid of the feature right and you know my boss was like she she'd been at microsoft for about 10 years and she's totally you know a pm's pm in that oregon right she was like just what wha
yahoo is dead it's kind of interesting like the yeah we can talk you want to tell me that all day i don't really want to bring a train wreck followed by a train wreck basically it's like somebody ran over them in the car and then like a horse ran over them and then you know yeah scooped it up and then a nuclear bomb it's just terrible then the earth grew back bring jerry back that's what i say like how do we get him back you know yeah that would be great then the coming to goes sideways another
mike was totally on the right and mike also showed great restraint he released no more than two percent of the documents there was stuff in there that could have been truly damaging yeah he went with the soft stuff there was i agree there was stuff that was damaging i agree with mike's uh position and so the right thing yeah well you won me over actually
i don't really see why you could be upset with a blogger for publishing them right
if i was evan i would be angry okay but if i was mike i would probably do my phone
i think you have to do what you have to do right
sometimes simplicity isn't actually hard i mean it's you know they've just done something very simple and very easy to use and you know i think you have to do less actually like people try too many things they really do
so you're losing about three or four dollars per customer and at the rate you're going you're going to have burned through all the money on the planet as well in four years
we just got an office for the first time about a month ago
we're actually an incredibly lean team so i mean how many actually three people and a contractor
he's just able to turn every industry he's touched into gold ... he has the foresight of even you know bringing on zappos like right who would do that ... he's probably the most underrated ceo of this generation
they take on average around six percent and uh in return give you like some you know fifteen thousand
alums include like you know scrib that document management company great company great company um you know justin tv uh reddit loops like all of these guys yeah really amazing stuff
there's a competitive aspect to it absolutely well i mean it's not you'd think there would be but surprisingly there isn't so you just want to perform because you think hey everybody's expecting this for me and i want to do good there's really like a band of brother thing called brothers in there because um not only are you like kind of really you have really close relationships with the people who you're in the batch with right but also all of the alums
you have weekly dinners so it's kind of like joining like startup fraternity or something actually but at the same time they bring in people who have built startups before
you really don't do it for the money right you really do it for the connections fifteen thousand for six percent which is who cares it's yeah it's just an idea at that point uh so they get a nice piece of the action
we started out with y combinator and that's actually the genesis where we were like we're going to quit our jobs like we're first-time entrepreneurs we'd always been building for other people and this is our shot