Welcome Kat, Yuri, Patrick, and Elizabeth
blog.ycombinator.com
blog.ycombinator.com
Is it like partnerships at a Law/Consulting/iBanking firm?
Are they just paid a salary and a % of the carry?
Given the recent "promotion" to partners, just curious.
Kat's been an amazing connector both within the YC community and in supporting applicants. She's connected me with some potential fintech applicants, which I think is a great way to leverage alums.
We met with Yuri a few times before he was a part-time partner and he was quite helpful and encouraging. We're in the enterprise space and he told us to just keep fighting the long-sales-cycle fight. That advice came at a critical moment where we really needed to just keep going through the slog.
I haven't talked to PC much since leaving Stripe but he obviously build a great company and culture there that I really enjoyed. He's going to be an amazing resource for YC companies.
With batches growing more and more, we kind of agreed that PG is not scalable and so that "Network effect" was slowly becoming more what companies were getting out from YC vs the "PG Time" they used to get in earlier batches.
Since, I've seen so many quality folks added to the team, I feel like the "PG Time" (which now is not only PG but all the partners) is becoming again more important than the network effect, and it's amazing.
Founders must be learning SO MUCH now going through YC...
congrats on that!
I barely understand how CEOs do even the one job.
(That is, my hope is that this is good for Stripe, for YC, and for the startups.)
In general, I'm very leery of distracting time commitments, and I don't sit on any boards or anything like that. I think this is a (pretty rare) example of one that makes sense for all parties.
It's probably some combination of having more energy than most people, and being ruthlessly efficient with their time.
Definitely an awe-inspiring quality.
I also don't buy the example of Musk and others, I think we have context as to how much better each of these companies would have run if they had put 110% of their efforts into just one.
Though Jobs was obviously the exception to so many rules.
After 2 years working with Yuri and Weihan at AeroFS, I second that :)
* And not primarily because of Elizabeth – who I'm sure is fantastic – but more broadly because of what it signals with regards to YC's focus and energy.