Updated Request for Startups
blog.ycombinator.com
blog.ycombinator.com
With 25 categories, their cost to saying "we'd like YC to help end global warming" is zero. As the world's leading early-stage investment vehicle, the cost to them leaving out, say, adtech is also zero: the same people will apply either way.
Technically you aren't false, this could be just a PR thing, but why would you assume that?
"YC requests these startups because they want these startups" is a much simpler explanation than "YC requests these startups as a marketing ploy".
I don't see a good reason to be so skeptical, so I will go ahead and take this post at face value.
Obviously everyone should think for themselves, and if your startup doesn't fit these categories you should apply anyway (as the article says). I'm just saying that assuming they're being honest here is valuable to me, as a guideline for thinking about startup ideas and YC's vision for the future.
Dismissing this stuff (without a good, specific argument) would hurt more than it helps.
Cynicism would be saying, "pff, a YC startup couldn't actually do anything about global warming". Maybe they could, maybe they couldn't; if you can figure out how, maybe you should apply to YC. But either way, the question is irrelevant because YC has good reasons to include it in their RFS anyway, so now we can stop wasting our time arguing about it on HN.
> "There's not much point in debating it. If you have a good idea in almost any field, they're going to consider it."
And I read them as basically saying (a) if you're working on something cool that's not on this list, don't let that prevent you from applying as it's likely not a list of criteria; and (b) while it might be a jumping off point for conversation, it's likely missing the intent if you spend much time criticizing what's omitted and included.
That's true, I just disagree with how you framed it. Some people may genuinely be inspired by it, and some good can genuinely come out of it, even if it "costs zero"
I would love to learn more about this. Precisely what needs are the world's financial systems unable to meet?
This may be good regulation and necessary, but it makes it very difficult for consumers to do simple things like transferring money and setup accounts. Especially for lower income people who tend to have difficulty getting together all the required identification and documentation.
And it seems that any "innovation" in this regard will be companies attempting to skirt these regulations, only to be eventually reined in when they get popular enough to be used for fraud or other nefarious purposes.
That's what's so discouraging about a lot of these issues. They're hacks around political apathy, the chances of success are low (to this day I still use the Standard Treasury and BankSimple outcomes as what happens when you go up against the banking industry).
Why YC doesn't stop skirting the issue and align with political representatives and parties that are congruent with the values they're attempting to push through funding is beyond me. They've already chosen a side (looking for solutions for climate change, animal welfare, support of the arts/creators, sustainable use of planetary resources), embrace it fully. If YC wants to create a legacy, they should aim to obsolete themselves by working towards public policy that removes the risk inherant with becoming an entrepreneur (funding, health insurance, derisking opportunity cost, etc).
[1] https://www.google.com/search?q=usps+banking+services
[1a] https://www.theatlantic.com/business/archive/2015/10/bernie-...
Full disclosure: I work for a financial utility in risk management.
The loss comes from having to serve literally the entire country by law. A postal service in cities is profitable - a postal service that has to serve even the remotest ditch in the deepest desert of a flyover state with daily mail will always incur loss. And that is what society is for: to bear the cost of providing everyone in the country with affordable mail.
To add banking services to the unbanked (or those who do not trust the megabanks any more, given their historic lack of customer support and historically low image) is something that can very well be used to offset these losses.
Providing basic banking services at a post office is not nearly as big a proposition as delivering mail to every address in the country.
Plus banking services are touched less frequently than mail. I get junk mail every day. I don't know the exact logistics of what they're suggesting, but I have a hard time seeing how it could be as expensive as mail delivery.
https://www.21cpw.com/paea-the-most-insane-law-by-congress-e...
ridiculous things like ePacket: https://www.forbes.com/sites/wadeshepard/2017/11/05/how-the-...
combined with lack of control over their business model and having to meet requirements that other businesses don't: https://blog.boomerangapp.com/2016/10/whats-killing-the-post...
(I have a vague idea that this may be a politically loaded question, so I just want to put this disclaimer here to say that I genuinely don't mean for it to be. I don't know much about the past of the USPS and why it is the way it is, so i'm asking)
I think it's less a philosophical question -- is mail like roads or police? -- vs a matter of efficiency. It's obviously possible to NOT lose money delivering much more difficult things than paper. FedEx and UPS do it all the time. But they're private businesses who compete with each other (and Amazon and whoever else), so they have to figure it out or they won't be around.
The USPS, meanwhile, doesn't have to compete with anyone (in fact, it's illegal for anyone else to deliver mail) and has no incentive or need to be efficient because they can draw on the US Treasury whenever they need to. It's not that they're bad people, it's just the nature of the incentives and system involved (and also it's run by congress). These same dynamic would be there in banking though, which is why this seems like such a bad idea.
Do you make people hard to deliver to have to pay more, or do you "average" out the cost and make everyone pay roughly the same amount?
With a combination of taxes, flat-rate fees, and delivery-distance based costs, I think it's more than possible to make a system where it's not "free" or extremely cheap to send somewhere hard-to-get, but it's also not prohibitively expensive.
And IMO the postal service is riding that line in a way that i'm happy with. I appreciate that I can send a small box across the country for $5, and I can do that whether I live in NYC or in middle-of-nowhere pennsylvania. And I'm more than happy to pay a bit more in taxes to make up for the difference that the flat-rate doesn't cover if it means that lower-income individuals won't need to pay as much to send mail at all.
I know that there are problems with not having competition, but I think mail delivery is along the same lines as other "naturally monopolistic" things like power, water, sewer, etc...
Yes, "state sanctioned monopolies" can be a problem, and they have their downsides, but I believe for natural monopolies they are the best solution.
They also do not have the requirements to serve the entire country, and they do not have the bonkers pension requirements placed on them like the USPS does.
"The USPS, meanwhile, doesn't have to compete with anyone (in fact, it's illegal for anyone else to deliver mail) and has no incentive or need to be efficient because they can draw on the US Treasury whenever they need to. It's not that they're bad people, it's just the nature of the incentives and system involved (and also it's run by congress). These same dynamic would be there in banking though, which is why this seems like such a bad idea."
Money is far from being the sole motivator.
Because it's obviously a service of value, and profitability is what tells you that the net value created is positive. If you're spending more on delivering mail than people are willing to pay, you're squandering resources that could be better put to other uses.
> Why isn't mail (and possibly other services that the USPS could provide) treated like road maintenance or police or whatever else?
It should be; all of these are also services that have value, and should be held to the standard of profitability to ensure that the net value created is positive.
You've just guaranteed that no roads would ever be worked on in poor residential areas.
Why not? I said net value created. That doesn't mean each individual road has to show a profit. It means the enterprise as a whole has to show a profit. If improving roads to poor residential areas gives those people more options so they can create wealth and not be poor any more, that's a profit.
The USPS spent $2.7B more than it gained in revenue from sales of stamps etc. The idea that a government agency is supposed to be profitable, and the use of the business term "lost" is appropriate, is a politicized, partisan one. (The extent to which the USA's post isn't really a government agency any more is also extremely politicized and partisan.)
One way to tell that the profitability model isn't appropriate is, what would happen if the USPS did achieve profitability? The USPS's own press release attributes $1.1B of their "loss" to a refusal by regulators to let stamp prices remain at 49 cents, requiring them to go back to 47 cents. How is a "company" that already has extremely below-market prices and can't even get regulators to permit them to keep a 2-cent increase supposed to maintain profitability, should they ever achieve it?
Not complaining, but the fact I'm getting hammered by downvotes on all of these responses is mind boggling to me. I'm surprised how much of the tech world apparently thinks this is a good idea.
The USPS spent $2.7B more than it gained in revenue from taxes.
By taxes, did you mean fees (postage and other fees)?In analyzing USPS financials, bear in mind that they have to pre-fund all of their potential long-term pension and healthcare liabilities[0], unlike other arms of government.
Walmart is basically the banking service for the unbanked. Between Bluebird, check cashing, and bill paying, you got a lot of bank functions.
What Walmart giveth, Walmart can taketh away at any time.
To your anecdote, would you not trust the US Health and Human Services to deliver national healthcare if the team behind Watsi was in charge? Because that is quite literally what they're doing; building a transparent [1] and ruthlessly efficient [2] healthcare management system for third world citizens. Cleary, YC believes they can do it [3]. I also believe it can be done.
[1] https://usenotion.com/watsi/transparency/
[2] https://venturebeat.com/2017/02/07/y-combinator-and-watsi-la...
[3] https://blog.ycombinator.com/yc-research-universal-healthcar...
The Native Americans who need our help, and do not receive it from the government IHS, do not have any way of democratically bringing about a more efficient team to run their health services.
The ONLY solution therefore must be a private one.
It's accountable to elected officials in Congress and the White House, OTOH, those elected officials are not in any meaningful sense accountable to the population served by IHS.
> The ONLY solution therefore must be a private one.
The structural problems with IHS incentives and accountability don't mean that there is a better private solution, and private services to Native American communities often are poor, too, because private industry isn't really all that interested in solving problems for people that have very little money to pay for the solution.
> Everyone gets a vote.
Yes, but its a majority game. Heck, look at all the diversity news on HN or the diversity reports by tech giants. See any mention of enrolled members of Native American tribes? See any VC funding to solve the smaller problem (might have been a nice place to test all that basic income stuff)? Heck, Google can block one of the tribal community colleges in Google Voice and no one gives a solitary damn.
No, government is less accountable than any private group. After all, they can get away with doing things like this when questioned: https://www.youtube.com/watch?v=TcgGoAcDXvQ&feature=youtu.be
Not anymore. I guarantee you that any private company that would try to provide those services would have a "you can't join a class action; you have to go through arbitration" clause.
They are vanishingly unlikely to budge for your pet technocratic issue. Doing surgeries correctly is not, in any meaningful sense, up for a vote, nor is anyone going to win elected office on a doing-surgeries-correctly platform.
The irony of such levels of defeatism in a forum that proclaims opportunity is at every turn is astounding. Hope is not a strategy, but chances of success are not zero.
Let's say you manage to make your way through all of that. Or at least you get close enough that you can actually pass legislation. But you can't get the legislation all the way through without making some small compromises, at which point your elected officials are going to be branded as "neoliberal sellouts" and primaried by extremists. Then you have to start all over again.
That's something that you can try and do. That's also something that literally everyone else tries and does all the time, and at least half of those everyone else are working directly against you.
Or you could solve the problem through some other mechanism. That seems hard, but solving the problem through American politics is really hard, probably harder in a lot of cases. What happened first: did political activists literally lobby local governments to drop taxicab medallions, or did startups circumvent that problem by introducing ridesharing?
We can appreciate the inroads Uber and Lyft have made in disrupting transportation networks that will last well after they've both exhausted their runways, but a sustainable system will need to exist in the future that does not rely on VCs burning piles of capital in dumpsters.
You have more than enough documentation.
I think Transferwise now allows you to sign up for a borderless account that has UK-local bank details.
Money (which is the root of finance) is incredibly strong stimulus for humans that evokes all kinds of human vices. Sooner or later, anything that deals with finance and mine will come down to the questions of human nature and morale. And these are tough matters to deal with.
https://medium.com/@emilefugulin/money-tips-for-foreigners-w...
I am a 62 year old solo founder working on my fifth startup - all have been bootstrapped and successful to varying degrees. How much does age factor into YC's acceptance decision - if at all. What is the oldest founder YC has ever accepted? Thanks!
Good luck!
You should definitely apply to YC regardless of your age, circumstances, etc.
To me it reads as an eclectic mix of academic, governmental, business and technology opinions in the guise of startup ideas. Not that there's anything wrong with that... ycombinator is free to invest in the areas it cares about. But it is very isolated from my own cultural experience of what matters and makes a real difference in the world.
Could you elaborate?
- Managing relationships This is a hard thing to do especially for us on the spectrum. one of the most "obvious" things that the personal surveillance of the iphone / echo provide is the ability to get feedback on ourselves. I call this MOOP (Massive Open Online Psychology). I joke that my iPhone needs to be like the MS Paperclip "Paul, you seem to be about to start a fight with your wife. Can I help with that?" But there are huge areas where simple data can improve my own decision making - from personal finance, to how often or quickly i respond to people in my life (am i responding to ones i care about - can you measure that across email, facebook, slack phone calls, text and me just sitting in the living room talking to my kids? Then rank which ones i need to work on this day?
- parenting tightly related to the above is how i behave towards those most important to me. Simple data could be a good start - time spent, tone of voice, agreeing goals or sticking to them. Just make it easy for me to review the day and make more considered decisions.
- Workplace helper so the most likely place to see the above technology is in the corporate workplace. the quality of the manager is a major component in quality of work output. So things that suggest ways to improve a managers relationship with their workers is likely to win a huge amount of value. and it's not just "corporate training". It could be a significant leveller - Weinstein was in a position of unaccountable power and an app won't help that, but most workplace abuse is more tractable.
- Home PA So my house has bad insulation in places - we should fix that, and thermal camera startups will be there. but light bulbs and tvs are power hungry so let's buy efficient ones. and now my room is frankly cluttered - use object recognition to identify them all and then show me where they can go or which ones i have to get rid of, and now get me recipes, arrange a dog walk this weekend with my sister in law and remind me i should get off four stops early to go for a run.
(OK, look. According to Rory Sutherland There are two ways to increase value - either make the Eurostar train run faster between London and Paris or have supermodels serve Moët for free so no one cares that it is slow. My startups are in the category of make life seem better. We are all dead in the long run)
Ultimately I want anti-marketing startups - that give me more deliberate choices in my life - options to choose better.
Many startups are 100% irrelevant there. Take huge poster children like Uber, for example: everyone has a car already, as it's basically mandatory. Or smaller startups, like Slice, for example. I live in NYC. I have lots of pizza options. I love pizza. In my hometown, there are two pizza places. You don't really need reviews, you order from one, and if you don't like it, well, you have the other one.
Now, that's not to say that there are zero startups that do; not that Facebook or Twitter are exactly "startups" today, but when they were, they still had a big impact. But a lot of startups are focused on "upper middle class people who live in population centers". That's a lot of people, but it also leaves a lot of people out.
https://www.citylab.com/equity/2012/03/us-urban-population-w...
80% of the population lives in urban areas, and this fraction is increasing, so it's unsurprising that most companies target them.
But, I think that the issue is just that startups, by their nature, aren't a good fit to less dense environments. If the focus is to grow, grow, grow, I imagine that the density of major population centers helps that significantly.
Granted, they have a couple ideas on the list that would help:
- One Million Jobs
- Transportation & Housing (I have a dream that the combo of self-driving ai and low earth orbit satellite internet will bring a resurgence of rural opportunities)
- Diversity (I'm reading this generously on the hope that more companies will consider using remote work to bring in non-urban perspectives)
- Future of Work
- Underserved Communities (they're probably not thinking of rural communities here, but they should)
> I think that the issue is just that startups, by their nature, aren't a good fit to less dense environments.
That's not inherently a value judgement, but also, many people don't want to see the long tail get ignored either.
This is a great way to look at it. It's not that startups not being more as useful to rural people is bad, per-se. It's just that it'd be nice if there were some alternative set of new, innovative businesses that are good for them.
Though, I'm not really sure what a business like that looks like.
I'd invert what you'd say; it's true of most businesses that are that size, or are trying to get to that size. The two pizza shops in my town are happy to be an individual shop, and a regional chain. They're not getting bigger than that. Same with most of the businesses there, though many of them have died out as the bigger stores moved in within an hour's drive.
Startups explicitly aren't happy being a mom and pop shop, otherwise, they wouldn't be startups.
I have to say, I absolutely abhor when anyone tries to say that one part of the country is more "real world" than any other part.
People matter. Community matters. Relationships matter. Family matters. Helping people who ask for help matters. Small businesses that provide a livelihood in the context of relationships matters. My neighbors, my street condition, my local stores matter. Work and paychecks matter. I guess one way to say it may be things that don't scale matter.
Suffering is normal. Health problems stink. I love when medicine can help people. Most health problems seem to be difficult and medicine sometimes can help, but sometimes can't.
Putting people on the moon matters. Putting a tesla in space doesn't matter. Fortune 500 companies don't matter. The stock market doesn't matter. Fake videos don't matter.
More concretely on the list, taking "Education" as an example: "Scalable solutions in these areas should now be doable thanks to advances in brain science and technologies such as smart home devices, wearables, and mobile." My immediate thought: No way tech helps more than 3%. Education is "solved", just _very_ difficult to do. Quality families with quality teachers and a good professional support structure (esp for disabilities etc...).
Overall as I looked at ycombinators list, Job's quote comes to mind:
"The problem is I’m older now, I’m 40 years old, and this stuff doesn’t change the world. It really doesn’t.
That’s going to break people’s hearts.
I’m sorry, it’s true. Having children really changes your view on these things. We’re born, we live for a brief instant, and we die. It’s been happening for a long time. Technology is not changing it much – if at all."
> Putting people on the moon matters. Putting a tesla in space doesn't matter.
Wait, what? The USA didn't just launch people to the moon in one go. They also hauled up hunks of useless metal first. It's a step. SpaceX is going to be colonizing Mars with new families and new biology and a new chapter in multi-planet life. Do you not think that matters?
> Fake videos don't matter.
Sure they do, especially at scale. We are currently witnessing the large-scale attempts at altering American's realities by forceful propaganda from foreign countries. I've been told by the moderators here not to call out any specific countries, but Americans and others are reading false text with false attribution to their rural neighbors and they are getting confused. This helped enable a culture of hate and racism that is rising in the US, and this is not a stable or okay thing. Fake video will accelerate that enormously if not combatted - this stuff really matters, especially if your focus in life is community, family, love, people, and real things of that nature.
Second-guessing a choice of test payload for a new, risky rocket design definitely doesn't matter.
Cheaper and better weather and communications satellites, that matters.
It is currently being used by adult entertainers, which didn't bring in as much money as we expected, so we plan to pivot and add nsfw filtering options (a la Safe Search) amongst other features before applying to YC. Any other tips to improve our application?
P.s. I wrote all the code for financi and will be happy to answer any questions in comments or `mail@${username}.com`.
We developers create a lot of this sort of stuff to make our own jobs easier, but other types of creatives don't necessarily have the ability to explore the same space for their own work. I think there are opportunities there to be explored, if we can just find the right places to inject possibility. I have one idea I'm working towards now for writers (as that's my secondary interest after dev) but I bet there are ways to help musicians, painters, etc as well we haven't even begun to dream of yet.
Or, I guess I should say, reaching fans is the problem... but it isn't correlated with the quality of your work.
Looking now, I can't find any trace it ever existed. Was RFS Water deleted? The URL used to be http://www.ycombinator.com/rfs/#water. Thanks!
[0] http://www.drawdown.org/the-book/ [1] http://www.drawdown.org/solutions-summary-by-rank
What are the efficiency gains of burning forestry waste vs. crop residue? Also, what is the relative size of forestry waste vs crop residue, and how much more/less impact does it have on CO2 displacement by 2050?
I don’t know the actual difference in efficiency, but from experience I can tell you that:
1) forestry waste is much easier to load into a reactor and handle in an automated way than crop waste. I’ve actually not seen a functional materials handling system for crop residues at the 1 ton per day or greater scale. These are common in forestry waste.
2) Feedstock needs to be bone dry before it will pyrolyze into biochar. It takes more energy to dry crop waste than forestry residue.
http://www.biocharsolutions.com/
https://www.biocarbontech.com/
(list is from AirMiners, index of companies mining carbon from the air, plus lots of other sequestration tech: http://airminers.org)
> Other approaches to geoengineering to counteract the effects of climate change could have potential as well.
What safeguards does YC have in place to help a company do this without starting unintended consequences and maybe accidentally making the problem worse? A large body of evidence suggests that humans and businesses, overall, do not get a good grasp on how their actions will cascade 20-30-100 years into the future.
Does YC have a plan or opinion at least on how to reduce the likelihood of your startups wreaking uncertain havoc on the other side of the world while engaging in geoengineering?
Edit: I'm not allowed to reply on HN any more I guess, but here is my response to the comment below.
My comment was specifically not about carbon removal, but the "Other approaches to geoengineering to counteract the effects of climate change could have potential as well", specifically not talking about carbon removal.
Carbon removal technologies are not going to bring us another ice-age. We need to remove hundreds of billions of tons of Carbon from the atmosphere in order to avoid catastrophic global warming. That is the major risk today and it's very apparent. Problem is that carbon removal technologies aren't good enough or cheap enough to do that.
Only if you believe the predictions of the models used by the IPCC, which have already been falsified by the data. CO2 has been rising according to the most pessimistic "business as usual" model scenario, but actual warming has been less than that predicted by the most optimistic "massive reductions in CO2 have already happened" scenario. This is the huge elephant in the room that is never mentioned by climate change alarmists.
So what? Science doesn't work by consensus, it works by making predictions that match reality. If the predictions don't match reality, all the consensus in the world doesn't make good science.
> The topic of the discussion here is not if climate change is real or not.
I'll leave that to the moderators to decide. One of the items in the RFS was asking for research on taking CO2 out of the atmosphere. It seems appropriate to ask whether doing that is really worth spending time and energy on when we have so many other pressing issues that need attention.
I'm surprised that people keep trying to direct-air-capture. I was under the impression that the carbon content (as carbonates) in seawater was much higher than in the atmosphere.
I believe the navy has had some initial success in transforming marine carbonates in to petroleum products, which they will probably use as fuel, but I can't wait for the day when we have reverse oil wells pumping carbon back in to the ground..
Yes but we would love to see a lot more. We know there are lots of researchers working on this but not enough of them are starting companies.
>Can you speak to any technical shortcomings of ideas you've already seen (aside from the general cost/scale issues mentioned on the site)?
Here is a great overview of current technologies: http://www.centerforcarbonremoval.org/what-is-carbon-removal...
Just from a physics perspective, a dollar invested into substituting coal burning is likely to be many orders of magnitude more effective than first burning the coal to CO2, diluting it to 400 parts per million in the atmosphere, concentrating that CO2 back to some high percentage, maybe turn it CO2 to some higher density form of carbon again etc.
Every step requires a lot of effort, capital and energy.
The best way to store carbon is coal. And it's already there, in the ground.
But there's still 200 years of carbon emissions in the atmosphere to deal with.
Ultimately, I think carbon removal will be a necessary technology if we want to maintain a similar climate to what we have now, but it's farther out there. Would be awesome to see something come out though!
It makes sense to do this if hydrocarbons are still more energy-dense than batteries, for instance. If we end up inventing fusion power before we invent an electric jet airliner, for instance.
Index of startups and technologies for mining carbon from the air: http://airminers.org
We built Air Miners to catalog what exists so hackers can find the gaps in carbon removal and build new solutions :)
- Any interest in funding commercial permaculture setups?
- Any interest in small-scale mushroom farmers?
- Any interest in aquaculture/closed-loop systems that focuses on reducing, reusing, and recycling nutrients and other resources (carbon obvious included)?
- Interest in non-profits that reclaim abandoned warehouses in urban areas, rehab and function as sustainable greenhouses and employ the "non-employable"?
- What is the position on marijuana and cannabis cultivation?
+ if the focus is on epigentics?
+ if the focus is on DNA fingerprinting / identification?
+ non-sales, research only, mapping the genetics to cannabinoid expressions?
+ if 100% of profits (minus investor cuts) are funneled back into YC projects?
- I've already submitted my application but my answers weren't catered to the RFS. Should I bother editing it to draw focus on the fact that my company addresses the RFS or should I leave the answers a bit more generic? e.g. "How far along are you?" yielded a response focused on business operations, not the technology and its associated R&D which relates to the RFSIt's heartening because carbon removal has to happen. It's surprising because, unlike afforestation or biochar, which produce useful products, there is a very small market for CO2. There is in fact no market for CO2 separated using direct air capture (DAC) because it costs an order of magnitude more to separate CO2 (>$300/T) than its value on the market ($15/T). (Ironically, the biggest market for CO2 is for enhanced oil recovery, which is exactly what it sounds like: it allows more oil to be extracted from oil wells.) So, the real question is, who is going to pay for it?
The companies currently operating in this space (e.g. Climeworks, Carbon Engineering) are doing so at a massive loss. In the case of Climeworks, they are pumping the CO2 to a greenhouse. On the face of it, this seems great because the CO2 is being used, but the problem is that the plants would remove the same amount of CO2 from the atmosphere whether they were grown with captured CO2 or not (they might just grow a bit faster in the greenhouse). In fact, the energy required for the carbon capture process means that the carbon footprint of the plants grown in the greenhouse using captured CO2 is likely higher than if they were grown outdoors!
For direct air capture to be economically and environmentally sound, there has to be a second step in the process where the CO2 is converted into a marketable product (so that the product displaces emissions). This means something like converting CO2 to plastic or fuel that would otherwise be produced using petrochemicals. Carbon Engineering recently announced that they are pursuing this. Of course, in addition to the technical challenge, they’ll have to get those fuels to be cost-competitive with current fossil fuels.
The other thing to keep in mind is that CO2 emissions from man-made sources total 60 GT per year. To put this into perspective, the amount of oil produced globally per year is about 5 GT. Which industries are big enough to handle all of that matter?
What is YC’s angle here? Is YC also considering carbon utilization companies? I personally feel like pursuing standalone direct air capture companies is a bit like putting the cart before the horse.
But hey, maybe there have been some compelling pitches for it. Does anyone have an idea for a One Million Jobs startup that isn’t another transportation company?
It is not only the people on the screen but people behind the scenes and managers and more.
Not many: "96.5% of all of those trying to become YouTubers won't make enough money off of advertising to crack the U.S. poverty line"
http://www.latimes.com/business/la-fi-youtube-stardom-201802...
The real effects of YouTube on the global economy are pretty big!
https://www.twitch.tv/year/2017/factsheet.jpg
The mod team is quite important indeed.
https://streamernews.tv/2015/10/28/guest-writer-moblord-disc...
Why? Because it doesn't clarify full-time vs part-time (example - if I sell an item on eBay for a profit, is that a job?) and it doesn't take any consideration into the creative destruction or shifting of already present jobs (e.g. - Uber didn't create one million net new jobs)
I'm really hesitant to join YC because I feel like the personal touch of having a dozen companies per cohort is lost. Can anyone speak to that?
I've gone through techstars and I worry the new yc format will be more if the same.
(Ironically: we have no plans to ever raise for Latacora, but because the YC alumni network is basically our entire customer base, we'd probably do it this time.)
We need, probably more than in any other use case besides general social media, a federated solution to patronage. We cannot let Facebook et al happen again with crowdfunding and recurrent subscription services like Patreon. The kickstarter space has opened up to several options including the original Kickstarer, Indiegogo, GoFundMe, Fig, etc. That is a healthy competitive ecosystem and Kickstarter went public benefit so their general dominance in the market is less dangerous for it.
Patreon sits alone, and has been growing exponentially for years. They acquired their only ever major competitor, Subbable, in early 2015. Kofi is about as close to a competitor as they have, but its not the same thing in the slightest because its not automatic which is a fundamental part of what makes Patreon work.
The mindshare of creators Patreon has acquired should be terrifying to anyone who can see the writing on the wall about how this will just lead to a hegemony of Patreon controlling all the amateur and hobbyist and even some semi-professional small creative / online business ventures. And unlike most companies their revenue is plastered right in their face - all they need is a breakout moment into popular culture, which they really have not had yet - the number of people actively supporting anyone else on Patreon is still a small percentage of the whole Internet user population - but if they got that consumer breakout moment they would be unstoppable and way more directly dangerous and harmful in how many people are now making careers out of having a Patreon.
Not sure when they were removed exactly, just noticed now.
"now I am become death destroyer of worlds" and all that.
Blockchain is a tool. The applications are varied. There are potential applications for blockchain technologies in each of the rfs categories.
But I'm pointing out, with of the vast array of health related issues humanity faces, do venture capitalists care in particular about this one enough to put it in their investment hitlist?
Why, for example does YC care enough about aging to want to find it in particular, rather than say, well any other major field of human health research?
The answer is, "how can we spend our money to get more time on earth because after that it's worth nothing"?
Put another way "we'd like to live longer and we have the money if you can use it to work out how".
Look there's nothing wrong With this, it's human nature. Of course you use the means at your disposal to try to make life better, longer, healthier for yourself in any way. All I'm noting is that this thing about aging is something that the super rich have a particular focus on and that's why it's in this list.
If one of the VC who makes this list had a family member with a particular medical issue we'd likely see that here too as a desired funding area.
I suspect people are uncomfortable about this being pointed out because VCs like to project the idea that their work is to better everything and everyone, in Silicon Valley lingo to "make the world a better place", but this one is self serving, whilst being plausibly argued as being for the benefit of all humanity. And heck being self serving is OK too ... heck it's their money they can do with it whatever they want, no need to apologize for spending on yourself every now and then.
Ideally it's the reverse. If you can prevent or repair the effects of aging, those conditions become much less harmful. 25 year olds don't have heart attacks or get Alzheimer's.
Why, for example does YC care enough about aging to want to find it in particular, rather than say, well any other major field of human health research?
The payoff is potentially much greater. Curing all cancer would only increase life expectancy by 3.2 years, because if you don't die of cancer when you're 75 then you'll have a stroke at 78 (https://www.quora.com/If-we-cure-cancer-so-nobody-dies-of-ca...). Eliminating the negative effects of aging would add many more years, plus they would be of much higher quality.
whilst being plausibly argued as being for the benefit of all humanity
Aging is terrible for everyone, rich and poor. Arguably it's even worse for the poor; the increased medical expenses and decreased mobility and ability to work are much easier to deal with if you have several million dollars lying around.
I know a lot of tech VCs are wary of the word "biotech" and related terms bc they got burned a decade ago, but bread and butter biotech is a totally different world the last few years and has been one of the most rewarding areas for startups and investors. The tech funds that lean into traditional biopharma are getting into a lot of great deals while those who try to stay at arms length from traditional biopharma are missing the best opportunities