US Digital Currency

I am pretty sure cryptocurrency is here to stay in some form (at least as a store of value, which is the only use case we have seen work at scale so far).  There was possibly a time when governments could have totally stopped it, but it feels like that’s in the rearview mirror.

However, I think it’s very possible that the dominant cryptocurrency hasn’t been created yet (Google was years late to the search engine party, and Facebook came long after most people assumed the social network wars were won).  And from the perspective of a nation, there are real problems with current systems, especially around pseudo-anonymity, ability to function as an actual currency, and taxability.

Although I don’t think the US government can stop cryptocurrency, I do think it could create the winner–let’s call it “USDC” for US Digital Currency–and fix some challenges that governments currently face with Continue reading "US Digital Currency"

Productivity

I think I am at least somewhat more productive than average, and people sometimes ask me for productivity tips.  So I decided to just write them all down in one place.

Compound growth gets discussed as a financial concept, but it works in careers as well, and it is magic.  A small productivity gain, compounded over 50 years, is worth a lot.  So it’s worth figuring out how to optimize productivity. If you get 10% more done and 1% better every day compared to someone else, the compounded difference is massive. 

WHAT YOU WORK ON

It doesn’t matter how fast you move if it’s in a worthless direction.  Picking the right thing to work on is the most important element of productivity and usually almost ignored.  So think about it more!  Independent thought is hard but it’s something you can get better at with Continue reading "Productivity"

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"

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"

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"

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"

Reid Hoffman, Bill Gates, Sam Altman invest $30 million in Change.org

 LinkedIn co-founder Reid Hoffman announced today that he’s making a big bet on Change.org, the site for social justice petitions. Hoffman is leading a $30 million round, with other investors including big names like Bill Gates and Y Combinator president Sam Altman. “Change.org, the global hub for collective action, is a crucial democratizing force in this era of growing civic… Read More

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"

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"

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"

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"

Startup School will soon be in session at Y Combinator

screen-shot-2017-03-06-at-12-16-54-am Y Combinator is Improving upon its Fall 2014 Stanford course, How to Start a Startup, with a larger scale online course called Startup School. Whether you swear by startup bibles like Both Sides of the Table or Zero to One, there’s no denying that Y Combinator, now having backed over 900 startups, has a tip or two to share about starting companies. The ten week class is a… Read More