Welcome Luke and Rick

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47 points·wasd··8 comments

What I've noticed with Ycombinator is their advisor/partners seem to be very green themselves (usually a couple years working on a startup or two.)

I would love to know exactly what the financial arrangements are with YC "partners". Obviously they aren't all created equal. Curious what the upside is and how it compares to traditional partner arrangements in law, accounting or investment banking. [1] Nobody is given the title of partner in a law firm or accounting firm in a similar way.

[1] Or for that matter, VC's.

Sam talked about this briefly in his AMA here: https://news.ycombinator.com/item?id=9239677

Wow amazing. That means that as new partners are brought on board if the pie doesn't increase or the benefit isn't there (to the rest) you in theory incumbents end up with less.

So now some follow up questions. What happens to partners if they don't add value after being added? Has that ever happened and what would be the game plan? And is there a road map and timeline that specifies in advance how many partners they may add? Do they all vote on the partners and are all votes likewise equal?

For a lot of these topics, everyone good is similarly green. Most people get 0 opportunities to set up (say) a working supply chain for a hardware product they prototyped, designed, sold for money, and managed to shipped. Having the experience just once is still plenty valuable.

"everyone good is similarly green"

Except that knowledge gained in one area or several areas over the course of many years is quite valuable in itself.

It's easier to teach something you've recently learned than something you've learned so thoroughly that it's slipped below the level of conscious thought.

Luke is brilliant. Critical addition to the YC team as they expand to fund more hardware projects.

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