A Clarification

I made a point in this post inelegantly in a way that was easy to misunderstand, so I’d like to clarify it.

I didn’t mean that we need to tolerate brilliant homophobic jerks in the lab so that we can have scientific progress.  Although there are famous counterexamples, most of the best scientists I’ve met are unusually nice, open-minded people.  Generally I expect that labs that don’t tolerate jerks will produce more impressive results than the ones that do, and choosing not to employ jerks is a good idea—jerks usually reduce the net output of organizations.

What I meant is simply that we need, as a society, to tolerate controversial ideas.  The biggest new scientific ideas, and the most important changes to society, both start as extremely unpopular ideas.

It was literally heretical, not so long ago, to say that it was ok to be gay—the Bible Continue reading "A Clarification"

E Pur Si Muove

Earlier this year, I noticed something in China that really surprised me.  I realized I felt more comfortable discussing controversial ideas in Beijing than in San Francisco.  I didn’t feel completely comfortable—this was China, after all—just more comfortable than at home.

That showed me just how bad things have become, and how much things have changed since I first got started here in 2005.

It seems easier to accidentally speak heresies in San Francisco every year.  Debating a controversial idea, even if you 95% agree with the consensus side, seems ill-advised.

This will be very bad for startups in the Bay Area.

Restricting speech leads to restricting ideas and therefore restricted innovation—the most successful societies have generally been the most open ones.  Usually mainstream ideas are right and heterodox ideas are wrong, but the true and unpopular ideas are what drive the world forward.  Also, smart people Continue reading "E Pur Si Muove"

The Merge

A popular topic in Silicon Valley is talking about what year humans and machines will merge (or, if not, what year humans will get surpassed by rapidly improving AI or a genetically enhanced species). Most guesses seem to be between 2025 and 2075.

People used to call this the singularity; now it feels uncomfortable and real enough that many seem to avoid naming it at all.

Perhaps another reason people stopped using the word “singularity” is that it implies a single moment in time, and it now looks like the merge is going to be a gradual process. And gradual processes are hard to notice.

I believe the merge has already started, and we are a few years in. Our phones control us and tell us what to do when; social media feeds determine how we feel; search engines decide what we think.

The algorithms that make all this happen Continue reading "The Merge"

American Equity

I’d like feedback on the following idea.

I think that every adult US citizen should get an annual share of the US GDP.

I believe that owning something like a share in America would align all of us in making the country as successful as possible—the better the country does, the better everyone does—and give more people a fair shot at achieving the life they want.  And we all work together to create the system that generates so much prosperity.

I believe that a new social contract like what I’m suggesting here—where we agree to a floor and no ceiling—would lead to a huge increase in US prosperity and keep us in the global lead.  Countries that concentrate wealth in a small number of families do worse over the long term—if we don’t take a radical step toward a fair, inclusive system, we will not be the leading country in Continue reading "American Equity"

The United Slate

I would like to find and support a slate of candidates for the 2018 California elections, and also to find someone to run a ballot initiative focused on affordable housing in the state.  A team of aligned people has a chance to make a real change.

I believe in creating prosperity through technology, economic fairness, and maintaining personal liberty.

We are in the middle of a massive technological shift—the automation revolution will be as big as the agricultural revolution or the industrial revolution.  We need to figure out a new social contract, and to ensure that everyone benefits from the coming changes.

Today, we have massive wealth inequality, little economic growth, a system that works for people born lucky, and a cost of living that is spiraling out of control.  What we've been trying for the past few decades hasn't been working—I think it's time to consider some new ideas.

Continue reading "The United Slate"

Join the YC Software Team

If you want to get funded by YC as a founder in the future, but you don't have a startup that's ready for that yet, joining the YC software team is a great hack to get there.

The YC software team is a small group of hackers in SF that write the software that makes all the parts of YC work.

As a member of the software team, you'll get full access to the YC program, just like founders do.  You'll learn the ins and outs of how YC works, and you'll get to follow and learn from hundreds of companies.  You'll meet the best people in the startup world and get exposed to the best startup ideas.

Software is how we can scale YC, and the limits of that are probably further out than most people think.

You can apply here: http://bit.ly/1Od0T2l.

Quora

I'm a strong believer in the importance of the internet in helping people to share knowledge and learn from each other.  So I’m delighted to share, on behalf of YC Continuity, that we’re investing alongside Collaborative Fund in Quora.

Quora is doing extremely well. They now have more than 190 million monthly unique visitors, almost doubling from a year ago. The combination of their ever-improving machine learning and the increasing amount of knowledge shared means the product gets better as it gets bigger. The content I see from Quora constantly gets more personalized for me.

I also believe they have some of the highest-quality user-generated content on the internet, and a real chance at being one of the few places that contain all human knowledge. The engineering challenges between here and there are great, but if there’s a team and product to bet on, this is one we're backing Continue reading "Quora"

Tech Workers’ Values

For good and bad, technology has become a central force in all our lives.

As members of the community, we're interested in ways in which tech companies can use their collective power to protect privacy, rule of law, freedom of expression, and other fundamental American rights.  

We’d also like to discuss how tech companies can heal the divide in our country. We believe that tech companies can create a better economic future for all Americans by spreading high-paying technology jobs around the country and other measures. We also believe tech companies have an opportunity and an obligation to reduce the polarization we've helped create.

Tech companies are very receptive to their employees' influence. We believe that employees should come together and clearly define the values and policies they'd like to see their companies uphold. A tech union isn't the perfect metaphor for this, but it's not far off.

We Continue reading "Tech Workers’ Values"

Keep the Internet Open

The FCC has announced plans to roll back policies on net neutrality, and its new head has indicated he has no plan to stop soon.

The internet is a public good, and I believe access should be a basic right.  We've seen such great innovation in software because the internet has been a level playing field.  People have been able to succeed by merit, not the regulatory weight of incumbency. 

It seems best to keep it regulated like a common carrier. [1] Doing this allows the government to ensure a level playing field, impose privacy regulations, and subsidize access for people who can't afford it.

But this idea is under attack, and I'm surprised the tech community isn't speaking out more forcefully.  Although many leading tech companies are now the incumbents, I hope we'll all remember that openness helped them achieve their great success.  It could be disastrous for future Continue reading "Keep the Internet Open"

Greg

A lot of people ask me what the ideal cofounder looks like.  I now have an answer: Greg Brockman.

Every successful startup I know has at least one person who provides the force of will to make the startup happen.  I’d thought a lot about this in the abstract while advising YC startups, but until OpenAI I hadn’t observed up close someone else drive the formation of a startup.

OpenAI wouldn’t have happened without Greg.  He commits quickly and fully to things.  I organized a group dinner early on to talk about what such an organization might look like, and drove him home afterwards.  Greg asked me questions for the first half of the drive back to San Francisco, then declared he was in, and started planning logistics for the rest of the drive.

From then on he was fully in, with an average email response time of about Continue reading "Greg"

What I Heard From Trump Supporters

After the election, I decided to talk to 100 Trump voters from around the country.  I went to the middle of the country, the middle of the state, and talked to many online.

This was a surprisingly interesting and helpful experience—I highly recommend it.  With three exceptions, I found something to like about everyone I talked to (though I strongly disagreed with many of the things they said).  Although it shouldn’t have surprised me given the voting data, I was definitely surprised by the diversity of the people I spoke to—I did not expect to talk to so many Muslims, Mexicans, Black people, and women in the course of this project.

Almost everyone I asked was willing to talk to me, but almost none of them wanted me to use their names—even people from very red states were worried about getting “targeted by those people in Silicon Valley Continue reading "What I Heard From Trump Supporters"

2017 YC Annual Letter

Dear YC Community:

In response to a comment on Hacker News, I’m going to try writing an annual letter to the YC community with an update on our progress.

Our mission is to enable the most innovation of any company in the world in order to make the future great for everyone.  We believe new technology, economic growth, and new ideas about how our society might function are more important than ever before.

As of January 1, 2017, YC has funded over 3,200 founders and 1,470 companies.  This year, assuming there is not a macroeconomic meltdown, we expect the total valuation of companies that have gone through our program to surpass $100 billion.  We have also funded more than 30 non-profits.

As always, most of the credit goes to our founders—they, and the astonishingly strong and helpful community they create, are what make YC special.  The second-most Continue reading "2017 YC Annual Letter"

Time to Take a Stand

It is time for tech companies to start speaking up about some of the actions taken by President Trump’s administration.

There are many actions from his first week that are objectionable.  In repeatedly invoking unsubstantiated conspiracy theories (like the 3 million illegal votes), he's delegitimizing his opponents and continuing to damage our society.  So much objectionable action makes it hard to know where and when to focus, and outrage fatigue is an effective strategy.

But the executive order from yesterday titled “Protecting the Nation From Foreign Terrorist Entry Into the United States” is tantamount to a Muslim ban and requires objection.  I am obviously in favor of safety and rules, but broad-strokes actions targeted at a specific religious group is the wrong solution, and a first step toward a further reduction in rights.

In addition, the precedent of invalidating already-issued visas and green cards should be extremely troubling for Continue reading "Time to Take a Stand"

Affordable Care

The Affordable Care Act is far from perfect–for one thing, I think health insurance should be entirely separate from employment–but I hate the thought of losing it without a replacement for people who will lose insurance. If Congress ends up repealing it, I hope they earnestly try to preserve the best parts, and put in place something better.

One thing the ACA definitely did was help a lot of founders start their companies--without it, being a founder would make sense for less people. The Department of Health and Human Services released a lot of new data yesterday showing how the ACA helped support entrepreneurs, and in light of that, I thought it would be good to collect and share stories of how the ACA helped some Y Combinator founders get started.

Here they are in the founders’ own words:

Dan Carroll, Clever, S12

March 3, 2012: I'm Continue reading "Affordable Care"

Affordable Care

The Affordable Care Act is far from perfect–for one thing, I think health insurance should be entirely separate from employment–but I hate the thought of losing it without a replacement for people who will lose insurance. If Congress ends up repealing it, I hope they earnestly try to preserve the best parts, and put in place something better.

One thing the ACA definitely did was help a lot of founders start their companies--without it, being a founder would make sense for less people. The Department of Health and Human Services released a lot of new data yesterday showing how the ACA helped support entrepreneurs, and in light of that, I thought it would be good to collect and share stories of how the ACA helped some Y Combinator founders get started.

Here they are in the founders’ own words:

Dan Carroll, Clever, S12

March 3, 2012: I'm Continue reading "Affordable Care"

The 2016 Election

I am endorsing Hillary Clinton for president.  I've never endorsed a presidential candidate before, but I'm making an exception this year, because this election is exceptional.  Donald Trump represents an unprecedented threat to America, and voting for Hillary is the best way to defend our country against it.

A Trump presidency would be a disaster for the American economy.  He has no real plan to restore economic growth.

His racist, isolationist policies would divide our country, and American innovation would suffer.  But the man himself is even more dangerous than his policies.  He's erratic, abusive, and prone to fits of rage.

He represents a real threat to the safety of women, minorities, and immigrants, and I believe this reason alone more than disqualifies him to be president.  My godson’s father, who is Mexican by birth and fears being deported or worse, is who convinced Continue reading "The 2016 Election"

$1 Million VotePlz Sweepstakes

The 2016 US Presidential election feels like the most important one so far in my lifetime.  No one able to vote in the US should be sitting this one out—we have a major choice to make.

With some friends, I helped start VotePlz to make it easier for young people to participate—technology has moved forward but registration has not (for example, young people generally don’t have printers or stamps, and many states still don’t have online registration).

A lot of people are working hard to get their friends registered to vote, and we wanted to do something for them. 

So today, we’re announcing a VotePlz sweepstakes with a million dollars in prizes.

Some of the prizes are $50,000 in student loan payoffs or scholarship.

After you check your registration, you get a referral link. For each person you get to check their registration, you’ll get one entry into the Continue reading "$1 Million VotePlz Sweepstakes"

Don’t Read The Comments

I sent this email to the current YC batch this morning:


I've talked to some of you who are really bummed about negative press coverage or online comments about your company.  Often this takes the general form of "ugh, all these new startups suck, everything good has already been started."

It sucks to have haters, but every founder who now runs a huge company faced this for a long time.  Please don't let it get you down (some criticism is useful, and that you should pay attention to, but that's not normally what gets people down).  The sooner you can develop a thick skin for this, the better.

Unless the world ends soon, the most valuable company the world will ever see has not yet been started.

Most startups will fail, so you can say everything sucks and be right most of the time.  Although Continue reading "Don’t Read The Comments"

Trump

I'm going to say something very unpopular in my world: Trump is right about some big things.

He's right that many Americans are getting screwed by the system.  He’s right that the economy is not growing nearly fast enough.  He's right that we're drowning in political correctness, and that broken campaign finance laws have bred a class of ineffective career politicians.  He may even be right that free trade is not the best policy.  Trump supporters are not dumb.

But Trump is wrong about the more important part: how to fix these problems.  Many of his proposals, such as they are, are so wrong they’re difficult to even respond to.

Even more dangerous, though, is the way he's wrong.  He is not merely irresponsible.  He is irresponsible in the way dictators are.

Trump's casual racism, misogyny, and conspiracy theories are without precedent among major presidential Continue reading "Trump"

‘We’re in a Bubble’

A lot of people have been saying we’re in a tech bubble for quite some time. Someday they’ll be right, but in the meantime, I thought it'd be fun to look back at some articles from the last 10 years:

2007, Coding Horror -- Welcome to Dot-Com Bubble 2.0. “You might argue that the new bubble has been in effect since mid-2006, but the signs are absolutely unmistakable now.”

2008, Gigaom -- Is Linkedin worth $1B? “The valuation of $1 billion – not as insane as the [$15 billion] valuation placed by Microsoft on Facebook – was jaw dropping.”

2009, Wall Street Journal -- The Bursting of the Silicon Valley Bubble (2009 Edition). “Some think that this round of Silicon Valley blowups might be more damaging than the last.”

2010, Daily Beast -- Facebook's $56 Billion Valuation and More Signs of the Tech Apocalypse.  “One analyst Continue reading "‘We’re in a Bubble’"