The impending Age Of Abundance was prophecied in the scriptures thousands of years ago.
Showing posts with label Y Combinator. Show all posts
Showing posts with label Y Combinator. Show all posts
Thursday, November 28, 2024
A Tech Incubator for Today
Corporate Culture/Operating System
30-30-30-10: A More Thoughtful And Egalitarian Formula For Equity Distribution In Tech Startups For The Age Of Abundance
When the internet became mainstream, it was a revolutionary time. No one alive had experienced anything like it before. Business and innovation seemed to move at the speed of imagination. Much has happened in the past 30 years, but all of it is merely a prologue. The real breakthroughs are happening now and will continue in the near future.
Today, we see nearly ten "internet-sized" technologies advancing in parallel, reaching new heights year after year. Each is remarkable on its own, but what happens when these technologies intersect is almost impossible to predict. It's difficult to foresee which companies or industries will dominate even a decade from now, let alone further into the future.
There has never been a more thrilling time to be a tech entrepreneur than today.
Now is the time to be bold. Entrepreneurs willing to tackle the biggest problems and boldest challenges will go the farthest. The tools available today were unimaginable just a few years ago, creating unprecedented opportunities for innovation. This is the age of boundless potential.
When Y Combinator launched, Silicon Valley was the ideal location. When TechStars emerged, it made sense to establish it in multiple cities across the United States. But today, neither model would suffice. A tech incubator launched in this era must be instantly and inherently global.
This shift doesn’t negate the importance of geography. Meeting in person still holds unique value, and perhaps always will. However, the global model embraces all geographies. It doesn’t diminish the importance of talent but rather recognizes that talent is everywhere. It doesn’t undermine the value of capital but highlights how capital is rapidly forming worldwide. Those who fail to adapt will be left behind.
The world is moving rapidly toward an *Age of Abundance,* a vision prophesied in scriptures thousands of years ago. Tech entrepreneurship plays a leading role in this transformation. At its core, tech entrepreneurship is service on a massive scale delivered with extraordinary efficiency.
If I were selecting tech entrepreneurs to fund, I’d start with those daring enough to tackle the most complex, pressing problems. The days of creating a simple photo-sharing app and earning billions are over. Now is the time to confront the big challenges head-on.
A tech incubator founded today must prioritize entrepreneurs who aim to solve these "big, bad problems." It should offer them world-class support systems to turn their visions into reality. The opportunity to make a difference is everywhere—and the boldest will seize it.
जब इंटरनेट मुख्यधारा में आया, तो वह एक क्रांतिकारी समय था। उस समय जीवित किसी ने भी ऐसा कुछ पहले कभी नहीं देखा था। व्यवसाय और नवाचार कल्पना की गति से आगे बढ़ते प्रतीत हो रहे थे। पिछले 30 वर्षों में बहुत कुछ हुआ है, लेकिन यह सब सिर्फ प्रस्तावना भर है। असली क्रांति अब हो रही है और निकट भविष्य में होगी।
आज, लगभग दस "इंटरनेट-सदृश" प्रौद्योगिकियाँ समानांतर रूप से प्रगति कर रही हैं और हर साल नई ऊंचाइयों पर पहुंच रही हैं। प्रत्येक अपने आप में अद्वितीय है, लेकिन जब ये प्रौद्योगिकियाँ आपस में जुड़ती हैं, तो जो होता है, उसकी कल्पना करना लगभग असंभव है। यह अनुमान लगाना कठिन है कि आने वाले दस वर्षों में कौन सी कंपनियाँ या उद्योग प्रमुख होंगे, और उससे भी आगे का अनुमान तो और भी मुश्किल है।
आज से बेहतर समय तकनीकी उद्यमी बनने के लिए कभी नहीं था।
अब वह समय है जब हमें साहसी बनना होगा। जो उद्यमी सबसे बड़ी समस्याओं और सबसे चुनौतीपूर्ण मुद्दों को हल करने का प्रयास करेंगे, वे सबसे आगे जाएंगे। आज उपलब्ध उपकरण कुछ साल पहले तक अकल्पनीय थे, जो नवाचार के लिए अभूतपूर्व अवसर प्रदान कर रहे हैं। यह असीम संभावनाओं का युग है।
जब वाई कॉम्बिनेटर लॉन्च हुआ, तो सिलिकॉन वैली इसके लिए आदर्श स्थान था। जब टेकस्टार्स शुरू हुआ, तो इसे अमेरिका के कई शहरों में फैलाना सही लगा। लेकिन आज, यह मॉडल पर्याप्त नहीं होगा। इस युग में लॉन्च किया गया एक तकनीकी इनक्यूबेटर तुरंत और स्वाभाविक रूप से वैश्विक होना चाहिए।
यह बदलाव भौगोलिकता के महत्व को कम नहीं करता। व्यक्तिगत रूप से मिलना आज भी अनूठा मूल्य रखता है और शायद हमेशा रखेगा। लेकिन वैश्विक मॉडल सभी क्षेत्रों को समाहित करता है। यह प्रतिभा के महत्व को कम नहीं करता, बल्कि यह मान्यता देता है कि प्रतिभा हर जगह है। यह पूंजी के मूल्य को कम नहीं करता, बल्कि दिखाता है कि पूंजी दुनिया भर में तेजी से विकसित हो रही है। जो इस बदलाव को नहीं अपनाएंगे, वे पीछे रह जाएंगे।
दुनिया तेजी से *प्रचुरता के युग* की ओर बढ़ रही है, जिसकी भविष्यवाणी हजारों साल पहले शास्त्रों में की गई थी। इस परिवर्तन में तकनीकी उद्यमिता की प्रमुख भूमिका है। अपने मूल में, तकनीकी उद्यमिता बड़े पैमाने पर सेवा है, जो अद्वितीय दक्षता के साथ प्रदान की जाती है।
यदि मुझे तकनीकी उद्यमियों को वित्तपोषित करने के लिए चुनना हो, तो मैं उन लोगों को प्राथमिकता दूंगा जो सबसे जटिल और महत्वपूर्ण समस्याओं को हल करने का साहस रखते हैं। वह समय गया जब एक साधारण फोटो-शेयरिंग ऐप बनाकर अरबों कमा लिए जाते थे। अब समय है कि बड़ी चुनौतियों का सामना किया जाए।
आज शुरू किया गया एक तकनीकी इनक्यूबेटर उन उद्यमियों को प्राथमिकता देगा जो इन "बड़ी, कठिन समस्याओं" को हल करना चाहते हैं। उन्हें विश्व-स्तरीय समर्थन प्रणालियाँ प्रदान की जाएंगी ताकि वे अपने दृष्टिकोण को वास्तविकता में बदल सकें। हर जगह अंतर लाने की संभावना है—और इसे सबसे साहसी लोग ही भुनाएंगे।
30-30-30-10: A More Thoughtful And Egalitarian Formula For Equity Distribution In Tech Startups For The Age Of Abundance
When the internet became mainstream, it was a revolutionary time. No one alive had experienced anything like it before. Business and innovation seemed to move at the speed of imagination. Much has happened in the past 30 years, but all of it is merely a prologue. The real breakthroughs are happening now and will continue in the near future.
Today, we see nearly ten "internet-sized" technologies advancing in parallel, reaching new heights year after year. Each is remarkable on its own, but what happens when these technologies intersect is almost impossible to predict. It's difficult to foresee which companies or industries will dominate even a decade from now, let alone further into the future.
There has never been a more thrilling time to be a tech entrepreneur than today.
Now is the time to be bold. Entrepreneurs willing to tackle the biggest problems and boldest challenges will go the farthest. The tools available today were unimaginable just a few years ago, creating unprecedented opportunities for innovation. This is the age of boundless potential.
When Y Combinator launched, Silicon Valley was the ideal location. When TechStars emerged, it made sense to establish it in multiple cities across the United States. But today, neither model would suffice. A tech incubator launched in this era must be instantly and inherently global.
This shift doesn’t negate the importance of geography. Meeting in person still holds unique value, and perhaps always will. However, the global model embraces all geographies. It doesn’t diminish the importance of talent but rather recognizes that talent is everywhere. It doesn’t undermine the value of capital but highlights how capital is rapidly forming worldwide. Those who fail to adapt will be left behind.
The world is moving rapidly toward an *Age of Abundance,* a vision prophesied in scriptures thousands of years ago. Tech entrepreneurship plays a leading role in this transformation. At its core, tech entrepreneurship is service on a massive scale delivered with extraordinary efficiency.
If I were selecting tech entrepreneurs to fund, I’d start with those daring enough to tackle the most complex, pressing problems. The days of creating a simple photo-sharing app and earning billions are over. Now is the time to confront the big challenges head-on.
A tech incubator founded today must prioritize entrepreneurs who aim to solve these "big, bad problems." It should offer them world-class support systems to turn their visions into reality. The opportunity to make a difference is everywhere—and the boldest will seize it.
आज के लिए एक तकनीकी इनक्यूबेटर
जब इंटरनेट मुख्यधारा में आया, तो वह एक क्रांतिकारी समय था। उस समय जीवित किसी ने भी ऐसा कुछ पहले कभी नहीं देखा था। व्यवसाय और नवाचार कल्पना की गति से आगे बढ़ते प्रतीत हो रहे थे। पिछले 30 वर्षों में बहुत कुछ हुआ है, लेकिन यह सब सिर्फ प्रस्तावना भर है। असली क्रांति अब हो रही है और निकट भविष्य में होगी।
आज, लगभग दस "इंटरनेट-सदृश" प्रौद्योगिकियाँ समानांतर रूप से प्रगति कर रही हैं और हर साल नई ऊंचाइयों पर पहुंच रही हैं। प्रत्येक अपने आप में अद्वितीय है, लेकिन जब ये प्रौद्योगिकियाँ आपस में जुड़ती हैं, तो जो होता है, उसकी कल्पना करना लगभग असंभव है। यह अनुमान लगाना कठिन है कि आने वाले दस वर्षों में कौन सी कंपनियाँ या उद्योग प्रमुख होंगे, और उससे भी आगे का अनुमान तो और भी मुश्किल है।
आज से बेहतर समय तकनीकी उद्यमी बनने के लिए कभी नहीं था।
अब वह समय है जब हमें साहसी बनना होगा। जो उद्यमी सबसे बड़ी समस्याओं और सबसे चुनौतीपूर्ण मुद्दों को हल करने का प्रयास करेंगे, वे सबसे आगे जाएंगे। आज उपलब्ध उपकरण कुछ साल पहले तक अकल्पनीय थे, जो नवाचार के लिए अभूतपूर्व अवसर प्रदान कर रहे हैं। यह असीम संभावनाओं का युग है।
जब वाई कॉम्बिनेटर लॉन्च हुआ, तो सिलिकॉन वैली इसके लिए आदर्श स्थान था। जब टेकस्टार्स शुरू हुआ, तो इसे अमेरिका के कई शहरों में फैलाना सही लगा। लेकिन आज, यह मॉडल पर्याप्त नहीं होगा। इस युग में लॉन्च किया गया एक तकनीकी इनक्यूबेटर तुरंत और स्वाभाविक रूप से वैश्विक होना चाहिए।
यह बदलाव भौगोलिकता के महत्व को कम नहीं करता। व्यक्तिगत रूप से मिलना आज भी अनूठा मूल्य रखता है और शायद हमेशा रखेगा। लेकिन वैश्विक मॉडल सभी क्षेत्रों को समाहित करता है। यह प्रतिभा के महत्व को कम नहीं करता, बल्कि यह मान्यता देता है कि प्रतिभा हर जगह है। यह पूंजी के मूल्य को कम नहीं करता, बल्कि दिखाता है कि पूंजी दुनिया भर में तेजी से विकसित हो रही है। जो इस बदलाव को नहीं अपनाएंगे, वे पीछे रह जाएंगे।
दुनिया तेजी से *प्रचुरता के युग* की ओर बढ़ रही है, जिसकी भविष्यवाणी हजारों साल पहले शास्त्रों में की गई थी। इस परिवर्तन में तकनीकी उद्यमिता की प्रमुख भूमिका है। अपने मूल में, तकनीकी उद्यमिता बड़े पैमाने पर सेवा है, जो अद्वितीय दक्षता के साथ प्रदान की जाती है।
यदि मुझे तकनीकी उद्यमियों को वित्तपोषित करने के लिए चुनना हो, तो मैं उन लोगों को प्राथमिकता दूंगा जो सबसे जटिल और महत्वपूर्ण समस्याओं को हल करने का साहस रखते हैं। वह समय गया जब एक साधारण फोटो-शेयरिंग ऐप बनाकर अरबों कमा लिए जाते थे। अब समय है कि बड़ी चुनौतियों का सामना किया जाए।
आज शुरू किया गया एक तकनीकी इनक्यूबेटर उन उद्यमियों को प्राथमिकता देगा जो इन "बड़ी, कठिन समस्याओं" को हल करना चाहते हैं। उन्हें विश्व-स्तरीय समर्थन प्रणालियाँ प्रदान की जाएंगी ताकि वे अपने दृष्टिकोण को वास्तविकता में बदल सकें। हर जगह अंतर लाने की संभावना है—और इसे सबसे साहसी लोग ही भुनाएंगे।
Saturday, July 01, 2023
Paul Graham's Best Essay To Date
Wikipedia. Khan Academy. ChatGPT.
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
Nothing see here folks. East Los Angeles. pic.twitter.com/2NgjvdejqP
— Derek Broes (@WillingWitness) June 30, 2023
So much for my predictive abilities...It is June 30, 2023. When Bitcoin was $4000, I predicted it would reach $250k (60X) by now. It has only reached $30k (7X). I guess we have to wait a little longer, (maybe 2 years) but engineers are hard at work. #bitcoin #trust #freedom
— Tim Draper (@TimDraper) June 30, 2023
Interviewed 10 founders who did $0 to $1M in revenue in >18 mos. Every single one said spending an insane amount of time with their customer helped them reach that metric
— Jeanine (@JeanineSuah) June 30, 2023
How to Do Great Work The first step is to decide what to work on. The work you choose needs to have three qualities: it has to be something you have a natural aptitude for, that you have a deep interest in, and that offers scope to do great work. ........
Some kinds of work you end up doing may not even exist yet.
.......... pick something and get going. ....... some of the biggest discoveries come from noticing connections between different fields. .......... Develop a habit of working on your own projects. Don't let "work" mean something other people tell you to do. If you do manage to do great work one day, it will probably be on a project of your own. It may be within some bigger project, but you'll be driving your part of it. .............. At 7 it may seem excitingly ambitious to build huge things out of Lego, then at 14 to teach yourself calculus, till at 21 you're starting to explore unanswered questions in physics. But always preserve excitingness. ............There's a kind of excited curiosity that's both the engine and the rudder of great work.
It will not only drive you, but if you let it have its way, will also show you what to work on. ......... What are you excessively curious about — curious to a degree that would bore most other people? That's what you're looking for. ........... Knowledge expands fractally, and from a distance its edges look smooth, but once you learn enough to get close to one, they turn out to be full of gaps. ........... Many discoveries have come from asking questions about things that everyone else took for granted. .......... Great work often has a tincture of strangeness. You see this from painting to math. ......... Boldly chase outlier ideas, even if other people aren't interested in them — in fact, especially if they aren't. If you're excited about some possibility that everyone else ignores, and you have enough expertise to say precisely what they're all overlooking, that's as good a bet as you'll find. .........Four steps: choose a field, learn enough to get to the frontier, notice gaps, explore promising ones. This is how practically everyone who's done great work has done it, from painters to physicists.
........... It may not be possible to prove that you have to work hard to do great things, but the empirical evidence is on the scale of the evidence for mortality. ............ The three most powerful motives are curiosity, delight, and the desire to do something impressive. Sometimes they converge, and that combination is the most powerful of all. .......... The big prize is to discover a new fractal bud. You notice a crack in the surface of knowledge, pry it open, and there's a whole world inside. ......... when it comes to figuring out what to work on, you're on your own .......... When you read biographies of people who've done great work, it's remarkable how much luck is involved. They discover what to work on as a result of a chance meeting, or by reading a book they happen to pick up. So you need to make yourself a big target for luck, and the way to do that is to be curious. Try lots of things, meet lots of people, read lots of books, ask lots of questions. .............. What mathematicians do, for example, is very different from what you do in high school math classes. So you need to give different types of work a chance to show you what they're like. But a field should become increasingly interesting as you learn more about it. If it doesn't, it's probably not for you. ............ One sign that you're suited for some kind of work is when you like even the parts that other people find tedious or frightening. ............ the most exciting story to write will be the one you want to read ............ Following your interests may sound like a rather passive strategy, but in practice it usually means following them past all sorts of obstacles. You usually have to risk rejection and failure. So it does take a good deal of boldness. ................ The trouble with planning is that it only works for achievements you can describe in advance. ....... I think for most people who want to do great work, the right strategy is not to plan too much. ...... You don't just put out your sail and get blown forward by inspiration. There are headwinds and currents and hidden shoals. So there's a technique to working, just as there is to sailing. ......... while you must work hard, it's possible to work too hard, and if you do that you'll find you get diminishing returns: fatigue will make you stupid, and eventually even damage your health. The point at which work yields diminishing returns depends on the type. Some of the hardest types you might only be able to do for four or five hours a day. ........... Ideally those hours will be contiguous. To the extent you can, try to arrange your life so you have big blocks of time to work in. You'll shy away from hard tasks if you know you might be interrupted. ............... It will probably be harder to start working than to keep working. ......... When I'm reluctant to start work in the morning, I often trick myself by saying "I'll just read over what I've got so far." Five minutes later I've found something that seems mistaken or incomplete, and I'm off. ............. In many projects a lot of the best work happens in what was meant to be the final stage. ......... One reason per-project procrastination is so dangerous is that it usually camouflages itself as work. You're not just sitting around doing nothing; you're working industriously on something else. So per-project procrastination doesn't set off the alarms that per-day procrastination does. You're too busy to notice it............. Great work happens by focusing consistently on something you're genuinely interested in. ............... Writing a page a day doesn't sound like much, but if you do it every day you'll write a book a year. That's the key: consistency. People who do great things don't get a lot done every day. They get something done, rather than nothing..............If you do work that compounds, you'll get exponential growth.
........... Learning, for example, is an instance of this phenomenon: the more you learn about something, the easier it is to learn more. Growing an audience is another: the more fans you have, the more new fans they'll bring you. ................. The trouble with exponential growth is that the curve feels flat in the beginning. It isn't; it's still a wonderful exponential curve. But we can't grasp that intuitively, so we underrate exponential growth in its early stages. .............. There's a kind of undirected thinking you do when walking or taking a shower or lying in bed that can be very powerful. By letting your mind wander a little, you'll often solve problems you were unable to solve by frontal attack. ............ if you don't try to be the best, you won't even be good. This observation has been made by so many people in so many different fields that it might be worth thinking about why it's true. It could be because ambition is a phenomenon where almost all the error is in one direction — where almost all the shells that miss the target miss by falling short. ............. In some ways it's easier to try to be the best than to try merely to be good. ........... just do the work and your identity will take care of itself. ............. If you're earnest you avoid not just affectation but a whole set of similar vices. ........... To see new ideas, you need an exceptionally sharp eye for the truth. You're trying to see more truth than others have seen so far. And how can you have a sharp eye for the truth if you're intellectually dishonest? ........... Be aggressively willing to admit that you're mistaken. Once you've admitted you were mistaken about something, you're free. Till then you have to carry it. ........... any energy that goes into how you seem comes out of being good. That's one reason nerds have an advantage in doing great work: they expend little effort on seeming anything. In fact that's basically the definition of a nerd. ............ It's not learned; it's preserved from childhood. So hold onto it. Be the one who puts things out there rather than the one who sits back and offers sophisticated-sounding criticisms of them. ......... I doubt it would be possible to do great work without being earnest. It's so hard to do even if you are. You don't have enough margin for error to accommodate the distortions introduced by being affected, intellectually dishonest, orthodox, fashionable, or cool. ......... Mathematical elegance may sound like a mere metaphor, drawn from the arts. That's what I thought when I first heard the term "elegant" applied to a proof. But now I suspect it's conceptually prior — that the main ingredient in artistic elegance is mathematical elegance. At any rate it's a useful standard well beyond math. .................. some of the very best work will seem like it took comparatively little effort, because it was in a sense already there. It didn't have to be built, just seen. It's a very good sign when it's hard to say whether you're creating something or discovering it................ Try thinking of yourself as a mere conduit through which the ideas take their natural shape. ................ The best ideas have implications in many different areas. .............. If you express your ideas in the most general form, they'll be truer than you intended. .............. Original thinkers throw off new ideas about whatever they focus on, like an angle grinder throwing off sparks. They can't help it. ................. One of the most original thinkers I know decided to focus on dating after he got divorced. He knew roughly as much about dating as the average 15 year old, and the results were spectacularly colorful. But to see originality separated from expertise like that made its nature all the more clear................... Original ideas don't come from trying to have original ideas. They come from trying to build or understand something slightly too difficult. .......... Talking or writing about the things you're interested in is a good way to generate new ideas. When you try to put ideas into words, a missing idea creates a sort of vacuum that draws it out of you.Indeed, there's a kind of thinking that can only be done by writing.
........... Changing your context can help. If you visit a new place, you'll often find you have new ideas there. ............ But you may not have to go far to get this benefit. Sometimes it's enough just to go for a walk. ............. It also helps to travel in topic space. You'll have more new ideas if you explore lots of different topics, partly because it gives the angle grinder more surface area to work on, and partly because analogies are an especially fruitful source of new ideas. ............ Be professionally curious about a few topics and idly curious about many more. .......... Curiosity is itself a kind of originality; it's roughly to questions what originality is to answers. And since questions at their best are a big component of answers, curiosity at its best is a creative force.............. Having new ideas is a strange game, because it usually consists of seeing things that were right under your nose. Once you've seen a new idea, it tends to seem obvious. Why did no one think of this before? ............. new ideas can be both obvious and yet hard to discover: they're easy to see after you do something hard. ................ To find new ideas you have to seize on signs of breakage instead of looking away. That's what Einstein did. He was able to see the wild implications of Maxwell's equations not so much because he was looking for new ideas as because he was stricter................ it took the greater part of a century for the heliocentric model to be generally accepted, even among astronomers, because it felt so wrong. ................ Often ideas that seem bad are bad. But ideas that are the right kind of crazy tend to be exciting; they're rich in implications; whereas ideas that are merely bad tend to be depressing. ................ The aggressively independent-minded are the naughty ones. Rules don't merely fail to stop them; breaking rules gives them additional energy. For this sort of person, delight at the sheer audacity of a project sometimes supplies enough activation energy to get it started. ............. in questions that really matter, only rule-breakers can be truly strict........... Every cherished but mistaken principle is surrounded by a dead zone of valuable ideas that are unexplored because they contradict it. ........... People who'd never dream of being fashionable in any other way get sucked into working on fashionable problems. ............. Originality in choosing problems seems to matter even more than originality in solving them. That's what distinguishes the people who discover whole new fields. So what might seem to be merely the initial step — deciding what to work on — is in a sense the key to the whole game. ............ People think big ideas are answers, but often the real insight was in the question. ............... Part of the reason we underrate questions is the way they're used in schools. In schools they tend to exist only briefly before being answered, like unstable particles. But a really good question can be much more than that. A really good question is a partial discovery. How do new species arise? Is the force that makes objects fall to earth the same as the one that keeps planets in their orbits? By even asking such questions you were already in excitingly novel territory. ................. Sometimes you carry a question for a long time. Great work often comes from returning to a question you first noticed years before — in your childhood, even — and couldn't stop thinking about. ............ the more puzzled you are, the better, so long as (a) the things you're puzzled about matter, and (b) no one else understands them either ............ It's a great thing to be rich in unanswered questions. And this is one of those situations where the rich get richer ............... Questions don't just lead to answers, but also to more questions................... Great things are almost always made in successive versions. You start with something small and evolve it, and the final version is both cleverer and more ambitious than anything you could have planned. ......... Use the advantages of youth when you have them, and the advantages of age once you have those. The advantages of youth are energy, time, optimism, and freedom. The advantages of age are knowledge, efficiency, money, and power. With effort you can acquire some of the latter when young and keep some of the former when old. ............ The young often have them without realizing it. The biggest is probably time. The young have no idea how rich they are in time. The best way to turn this time to advantage is to use it in slightly frivolous ways: to learn about something you don't need to know about, just out of curiosity, or to try building something just because it would be cool, or to become freakishly good at something. ............ You arrive at adulthood with your head full of nonsense — bad habits you've acquired and false things you've been taught — and you won't be able to do great work till you clear away at least the nonsense in the way of whatever type of work you want to do. .......... Much of the nonsense left in your head is left there by schools. ..... schools have all sorts of strange qualities that warp our ideas about learning and thinking. ............. neither classes nor tests are intrinsic to learning; they're just artifacts of the way schools are usually designed. ............... If you're still in school, try thinking of your education as your project, and your teachers as working for you rather than vice versa. ................. In real life you have to figure out what the problems are, and you often don't know if they're soluble at all............the worst thing schools do to you is train you to win by hacking the test. ..... You can't trick God.
.............. The way to beat the system is to focus on problems and solutions that others have overlooked, not to skimp on the work itself........... Don't think of yourself as dependent on some gatekeeper giving you a "big break." Even if this were true, the best way to get it would be to focus on doing good work rather than chasing influential people. .................. And don't take rejection by committees to heart. The qualities that impress admissions officers and prize committees are quite different from those required to do great work. The decisions of selection committees are only meaningful to the extent that they're part of a feedback loop, and very few are.......... Originality is the presence of new ideas, not the absence of old ones. .......... Some talented people are jerks, and this sometimes makes it seem to the inexperienced that being a jerk is part of being talented. It isn't; being talented is merely how they get away with it. ................ You can take ideas from quite distant fields if you let them be metaphors. .......... Most people who are very good at something are happy to talk about it with anyone who's genuinely interested. If they're really good at their work, then they probably have a hobbyist's interest in it, and hobbyists always want to talk about their hobbies............... People within universities can't say so openly, but the quality of the work being done in different departments varies immensely. Some departments have people doing great work; others have in the past; others never have. ............... Colleagues don't just affect your work, though; they also affect you. So work with people you want to become like, because you will. ............ the degree to which great work happens in clusters suggests that one's colleagues often make the difference between doing great work and not. ........... sufficiently good colleagues offer surprising insights. They can see and do things that you can't. ........... managing well takes aptitude and interest like any other kind of work. If you don't have them, there is no middle path: you must either force yourself to learn management as a second language, or avoid such projects .............. Husband your morale. It's the basis of everything when you're working on ambitious projects. You have to nurture and protect it like a living organism. ................ If you choose work that's pure, its very difficulties will serve as a refuge from the difficulties of everyday life. If this is escapism, it's a very productive form of it, and one that has been used by some of the greatest minds in history. ........... Morale compounds via work: high morale helps you do good work, which increases your morale and helps you do even better work. ........... One of the biggest mistakes ambitious people make is to allow setbacks to destroy their morale all at once, like a ballon bursting. ......... It's not necessarily a bad sign if work is a struggle, any more than it's a bad sign to be out of breath while running. It depends how fast you're running. So learn to distinguish good pain from bad. Good pain is a sign of effort; bad pain is a sign of damage. ............ a small but dedicated audience can be enough to sustain you. If a handful of people genuinely love what you're doing, that's enough. ......... The people you spend time with will also have a big effect on your morale. You'll find there are some who increase your energy and others who decrease it, and the effect someone has is not always what you'd expect. Seek out the people who increase your energy and avoid those who decrease it. Though of course if there's someone you need to take care of, that takes precedence. ................. Don't marry someone who doesn't understand that you need to work, or sees your work as competition for your attention. If you're ambitious, you need to work; it's almost like a medical condition; so someone who won't let you work either doesn't understand you, or does and doesn't care. ............. Ultimately morale is physical. You think with your body, so it's important to take care of it. That means exercising regularly, eating and sleeping well, and avoiding the more dangerous kinds of drugs. Running and walking are particularly good forms of exercise because they're good for thinking. ........... People who do great work are not necessarily happier than everyone else, but they're happier than they'd be if they didn't. In fact, if you're smart and ambitious, it's dangerous not to be productive. People who are smart and ambitious but don't achieve much tend to become bitter. ................... The prestige of a type of work is at best a trailing indicator and sometimes completely mistaken. ............. don't let competitors make you do anything much more specific than work harder. ......... Your curiosity never lies, and it knows more than you do about what's worth paying attention to. ........... you can't command curiosity anyway. But you can nurture it and let it drive you.............. If you made it this far, you must be interested in doing great work. And if so you're already further along than you might realize, because the set of people willing to want to is small. .............. Can you find a kind of work where your ability and interest will combine to yield an explosion of new ideas? ............... Many more people could try to do great work than do. What holds them back is a combination of modesty and fear. It seems presumptuous to try to be Newton or Shakespeare. It also seems hard; surely if you tried something like that, you'd fail. Presumably the calculation is rarely explicit. Few people consciously decide not to try to do great work. But that's what's going on subconsciously; they shy away from the question. ............. A lot of standup comedy is based on noticing anomalies in everyday life. "Did you ever notice...?" New ideas come from doing this about nontrivial things. Which may help explain why people's reaction to a new idea is often the first half of laughing: Ha! ..................Top 20 AI Tools that exist today.
— FryAI (@TheFryAI) June 20, 2023
Our AI Experts spend all week researching the top AI tools so you don't have to.
Get more tools like this by subscribing to FryAI for Free.
The Supreme Court has been hijacked by extremists. To rebalance this institution, we must expand it. In the meantime, I’ll keep fighting back against their damage—to make sure we still deliver student debt relief, to protect abortion rights, and to defend our freedoms.
— Elizabeth Warren (@ewarren) July 1, 2023
Very impressive numbers. https://t.co/V2d1QNpiqx
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
Why is she getting only a 6X multiple? #puzzling
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
Most advice you get is shitty.
— Alex Lieberman (@businessbarista) July 1, 2023
Here's how to sift through the BS & find the golden nuggets:
There are 4 types of advice you get from people...
Selfish uninformed: someone who likes hearing the sound of their own voice & lacks self-awareness.
Persona: careerlong, mediocre VC…
Why only a 6X multiple. This is puzzling. @KimKardashian
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
9 years ago, Peter Thiel hosted an AMA on Reddit.
— Alex Banks (@thealexbanks) July 1, 2023
It's full of gems on AI, technology and startups.
Here are my favourites:
7/ The two-person founding team pic.twitter.com/YXZhaHa08p
— Alex Banks (@thealexbanks) July 1, 2023
8/ Thoughts on Elon Musk pic.twitter.com/EgDBq50wS3
— Alex Banks (@thealexbanks) July 1, 2023
9/ What important truth do very few people agree with you on? pic.twitter.com/4BKiaNxndr
— Alex Banks (@thealexbanks) July 1, 2023
Thiel's foundational idea of going from 0→1 fascinates me.
— Alex Banks (@thealexbanks) July 1, 2023
Going from 1→n means doing more of what has already been done.
Going from 0→1 means doing something that has never been done before.
But 1→n is not trivial. It is a different skill set you learn or, better, parcel out by building the right team.
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
But 1→n is not trivial. It is a different skill set you learn or, better, parcel out by building the right team. https://t.co/pvywRKfekd
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
Your best essay yet. @paulg And you have written many good ones. In fact, all good. https://t.co/ouYy91fR9y
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
Can you touch armadillo’s?
— Brandon Brooks (@OfficialBBrooks) July 1, 2023
There’s an entire family in my backyard & they seem pretty chill. pic.twitter.com/eV1y4O7cq7
Another one crossed off the bucket list 🏏🎧
— Rishi Sunak (@RishiSunak) July 1, 2023
Earlier today, I sat down with the legendary Jonathan Agnew for @bbctms to chat cricket, growing up in an NHS family, my priorities as Prime Minister and why I got into politics. pic.twitter.com/KwUdjGdgV3
I do.
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
try ale.x@gmail.com
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
People in Bothell take their parades seriously pic.twitter.com/tlO2hoJVVT
— Juan (@AtJuanMedina) July 1, 2023
Nov 2022:
— Sebastian Rózga (@modern_mindset) July 1, 2023
• 0 followers
• Absolutely broke
• No vision
Dec 2022:
• Ended with 1,000 follows
• No clients
• Rough vision
Feb 2023:
• 4,000+ follows
• First client
• Partial clarity
June 2023:
• 13,000 follows
• Hit $15k month
• Lifelong friends
Trust the process.
Arrogance is confidence without substance. Confidence is humility plus ability.
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
These incredible headlines don't get enough attention.
— Balaji (@balajis) July 1, 2023
The central bank of the fourth largest economy in the world may need a bailout because it bought bonds.
This isn't a tech crisis or even a banking crisis.
It's a bond crisis, a central bank crisis, a fiat crisis. pic.twitter.com/izFdu2Tqjm
You are repurposing it for crypto? :) https://t.co/DVjYbLqgP9
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
Write fast.
— Taylin John Simmonds (@TaylinSimmonds) July 1, 2023
Write as fast as possible.
Write so fast it makes the Road Runner look slow.
Then delete it.
Yes, delete it.
Your first draft is always an unorganized word vomit.
Getting it out creates clarity.
Rewriting it creates a masterpiece.
Congrats @acquiredotcom @agazdecki https://t.co/kYjWsAyQMl
— Paramendra Kumar Bhagat (@paramendra) July 1, 2023
I admit I'm confused why some people think there's a fundamental barrier deep learning still needs to break through before obtaining "real intelligence". I understand thinking that in 2021, but how could you say that after talking to GPT-4 for an hour?
— Matthew Barnett (@MatthewJBar) June 30, 2023
Sunday, April 02, 2023
Just Applied To Y Combinator
In 2010, Paul Graham and I were featured in the same BBC article.
How Y Combinator Started I don't think we've ever managed to remember our birthday on our birthday. ......... The VC fund was doing what now seems a comically familiar thing for a VC fund to do: taking a long time to make up their mind. ......... As we turned onto Walker Street we decided to do it. I agreed to put $100k into the new fund and Jessica agreed to quit her job to work for it. Over the next couple days I recruited Robert and Trevor, who put in another $50k each. So YC started with $200k. ........... The company wasn't called Y Combinator yet. At first we called it Cambridge Seed. ........ Initially we only had part of the idea. We were going to do seed funding with standardized terms. Before YC, seed funding was very haphazard. You'd get that first $10k from your friend's rich uncle. The deal terms were often a disaster; often neither the investor nor the founders nor the lawyer knew what the documents should look like. Facebook's early history as a Florida LLC shows how random things could be in those days. ........ We started Viaweb with $10k we got from our friend Julian Weber, the husband of Idelle Weber, whose painting class I took as a grad student at Harvard. Julian knew about business, but you would not describe him as a suit. ............ In return for $10k, getting us set up as a company, teaching us what business was about, and remaining calm in times of crisis, Julian got 10% of Viaweb. I remember thinking once what a good deal Julian got. ............ we wanted to learn how to be angel investors, and a summer program for undergrads seemed the fastest way to do it. No one takes summer jobs that seriously. The opportunity cost for a bunch of undergrads to spend a summer working on startups was low enough that we wouldn't feel guilty encouraging them to do it. ............. The structure of the YC cycle is still almost identical to what it was that first summer. ............ We never expected to make any money from that first batch. We thought of the money we were investing as a combination of an educational expense and a charitable donation. But the founders in the first batch turned out to be surprisingly good. And great people too. We're still friends with a lot of them today. ............ It's hard for people to realize now how inconsequential YC seemed at the time. .......... Jessica and I invented a term, "the Y Combinator effect," to describe the moment when the realization hit someone that YC was not totally lame. When people came to YC to speak at the dinners that first summer, they came in the spirit of someone coming to address a Boy Scout troop. By the time they left the building they were all saying some variant of "Wow, these companies might actually succeed." .......... it took a while for reputation to catch up with reality ....... That's one of the reasons we especially like funding ideas that might be dismissed as "toys" — because YC itself was dismissed as one initially. ........ The density of startup people in the Bay Area was so much greater than in Boston, and the weather was so nice. ........ Plus I didn't want someone else to copy us and describe it as the Y Combinator of Silicon Valley. I wanted YC to be the Y Combinator of Silicon Valley. So doing the winter batch in California seemed like one of those rare cases where the self-indulgent choice and the ambitious one were the same........ we didn't have time to get a building in Berkeley. We didn't have time to get our own building anywhere. The only way to get enough space in time was to convince Trevor to let us take over part of his (as it then seemed) giant building in Mountain View. .......
I did not know that. All I have is an idea.
— Paramendra Kumar Bhagat (@paramendra) April 3, 2023
The best way to prepare yourself for a career in venture capital is to start a startup. But if you do that well enough, you won't need a career in venture capital.
— Paul Graham (@paulg) April 2, 2023
Two Martians Walk Into A Bar https://t.co/912A3y2gLJ @agazdecki @justingordon212 @mukund @elonmusk @JeffBezos @jeffjarvis @sama @gdb @satyanadella @sundarpichai @geoffreylitt @karpathy @lexfridman @PeterDiamandis @ericschmidt @reidhoffman @LinkedIn @stephen_wolfram #ChatGPT
— Paramendra Kumar Bhagat (@paramendra) April 2, 2023
Of course, I had to stop for lassi in Janakpur! pic.twitter.com/EOXezs0HQS
— U.S. Ambassador Dean R. Thompson (@USAmbNepal) April 1, 2023
One difference between worry about AI and worry about other kinds of technologies (e.g. nuclear power, vaccines) is that people who understand it well worry more, on average, than people who don't. That difference is worth paying attention to.
— Paul Graham (@paulg) April 1, 2023
7/ Is ChatGPT the motorbike for the mind, just like Steve Jobs' computer was the bicycle for the mind? https://t.co/domnIWYuiG #Afghanistan #weddingparties #ChatGPT
— Paramendra Kumar Bhagat (@paramendra) March 31, 2023
Straight From The Bard https://t.co/GPEHasEvmV @sama @elonmusk @satyanadella @sundarpichai @justingordon212 @paulg @agazdecki @mukund @geoffreylitt @cademetz @GregoryNYC @misha
— Paramendra Kumar Bhagat (@paramendra) March 30, 2023
Just Applied To Y Combinator https://t.co/Alm1FBDxwC @paulg @jesslivingston @ycombinator @sama @fredwilson @thegothamgal @bfeld @albertwenger @alexisohanian @msuster @cdixon @wadhwa @vkhosla @lessin
— Paramendra Kumar Bhagat (@paramendra) April 3, 2023
Today @cjoneslevy and I are launching our new podcast, The Social Radars! Be a fly on the wall as we get the inside story from successful startup founders. https://t.co/XC2DJyEpY3
— Jessica Livingston (@jesslivingston) March 15, 2023
Evolution of our website
— Brian Chesky (@bchesky) March 16, 2023
2007 pic.twitter.com/Inq5Km379Z
You are just getting started. 10 internet-size technologies now move in parallel. Imagine all the cross-pollinations.
— Paramendra Kumar Bhagat (@paramendra) April 3, 2023
How Y Combinator Started I don't think we've ever managed to remember our birthday on our birthday. ......... The VC fund was doing what now seems a comically familiar thing for a VC fund to do: taking a long time to make up their mind. ......... As we turned onto Walker Street we decided to do it. I agreed to put $100k into the new fund and Jessica agreed to quit her job to work for it. Over the next couple days I recruited Robert and Trevor, who put in another $50k each. So YC started with $200k. ........... The company wasn't called Y Combinator yet. At first we called it Cambridge Seed. ........ Initially we only had part of the idea. We were going to do seed funding with standardized terms. Before YC, seed funding was very haphazard. You'd get that first $10k from your friend's rich uncle. The deal terms were often a disaster; often neither the investor nor the founders nor the lawyer knew what the documents should look like. Facebook's early history as a Florida LLC shows how random things could be in those days. ........ We started Viaweb with $10k we got from our friend Julian Weber, the husband of Idelle Weber, whose painting class I took as a grad student at Harvard. Julian knew about business, but you would not describe him as a suit. ............ In return for $10k, getting us set up as a company, teaching us what business was about, and remaining calm in times of crisis, Julian got 10% of Viaweb. I remember thinking once what a good deal Julian got. ............ we wanted to learn how to be angel investors, and a summer program for undergrads seemed the fastest way to do it. No one takes summer jobs that seriously. The opportunity cost for a bunch of undergrads to spend a summer working on startups was low enough that we wouldn't feel guilty encouraging them to do it. ............. The structure of the YC cycle is still almost identical to what it was that first summer. ............ We never expected to make any money from that first batch. We thought of the money we were investing as a combination of an educational expense and a charitable donation. But the founders in the first batch turned out to be surprisingly good. And great people too. We're still friends with a lot of them today. ............ It's hard for people to realize now how inconsequential YC seemed at the time. .......... Jessica and I invented a term, "the Y Combinator effect," to describe the moment when the realization hit someone that YC was not totally lame. When people came to YC to speak at the dinners that first summer, they came in the spirit of someone coming to address a Boy Scout troop. By the time they left the building they were all saying some variant of "Wow, these companies might actually succeed." .......... it took a while for reputation to catch up with reality ....... That's one of the reasons we especially like funding ideas that might be dismissed as "toys" — because YC itself was dismissed as one initially. ........ The density of startup people in the Bay Area was so much greater than in Boston, and the weather was so nice. ........ Plus I didn't want someone else to copy us and describe it as the Y Combinator of Silicon Valley. I wanted YC to be the Y Combinator of Silicon Valley. So doing the winter batch in California seemed like one of those rare cases where the self-indulgent choice and the ambitious one were the same........ we didn't have time to get a building in Berkeley. We didn't have time to get our own building anywhere. The only way to get enough space in time was to convince Trevor to let us take over part of his (as it then seemed) giant building in Mountain View. .......
The first dinner in California, we had to warn all the founders not to touch the walls, because the paint was still wet.
What is DemocracyTech? https://t.co/emXWYmsisb #russia #ukraine #democracy #navalny @Kasparov63 @navalny @mbk_center @ZelenskyyUa @StateDept @vp @whitehouse
— Paramendra Kumar Bhagat (@paramendra) April 4, 2023
Friday, January 11, 2019
Tuesday, December 31, 2013
Paul Graham Is Not That Innocent
Let me state the obvious first. I am a huge admirer of what Paul Graham has built in Y Combinator. And I have drawn enormous inspiration from many of his essays on tech startups. And it was an honor to once get featured in the same BBC article as Paul Graham and Brad Feld. (Paul Graham, Brad Feld, Me, BBC)
And now let me get to the topic at hand. Yes, Paul Graham was misquoted. But that does not change the fact that Paul Graham is guilty of sexism just like I am. I would not accuse him of extreme sexism. I might save that for a ton of men in India. But guilty he is. Why do I say that?
You were there when girls around you were 13. If you did not see sexism then, then you were willfully blind. You very well participated in it. Sexism starts early. Young girls feeding on sexist media do weird things with what they eat. That is sexism.
I don't think there is something fundamental about men and women that makes men head for STEM. Once girls get hit by the pot of sexism early on, they kind of lose their balance, and they end up making weird choices like not going towards STEM with greater gusto than they do.
Paul Graham wondering as to why 13 year old girls don't code more is not exactly like Newton wondering why the apple fell on his head. But sexism IS social gravity. It is all pervasive and all powerful, and all men participate in it, it is only a matter of degree, some more, some less, but we all do.
Sexism is really cutting edge, as is racism. It is as if not more cutting edge than the Internet itself, only the Internet is technology and communications and commerce, sexism and racism are social. It is like I am at this Internet Society event, Vint Cerf and Tim Berners-Lee on stage. And I was and am a huge admirer of the guys. I literally think of the Internet as a new country, a feeling further enforced by a recent Indian Supreme Court decision that is blatantly homophobic. (Homophobia is sick, okay?) And I ask my question of Tim. If the Internet is a country which of you is George Washington, which is Thomas Jefferson? Tim gets offended and says "different race" in an unpleasant way. And I am like, I don't believe this motherfucker. And I made a "mad scientist" remark. (Tim Berners-Lee: The Internet Is Not A Country)
Paul Graham said recently something about "heavy accents," and there he was not misquoted, and I thought that was a racist thing to be saying.
Fred Wilson: Girls Who Code
Paul Graham: What I Did Not Say
Taylor Rose: Girls Haven’t Been Hacking for the Last 10 Years
Paul Graham Is Not That Innocent http://t.co/fQ4lbDe3UM @paulg @fredwilson @rosetaylorm @bfeld @timberners_lee @vgcerf
— Paramendra Bhagat (@paramendra) December 31, 2013Monday, January 07, 2013
Paul Graham's Black Swans
Black Swan Farming
the best ideas look initially like bad ideas ..... The total value of the companies we've funded is around 10 billion, give or take a few. But just two companies, Dropbox and Airbnb, account for about three quarters of it. ..... we are just not prepared for the 1000x variation in outcomes that one finds in startup investing. .... in purely financial terms, there is probably at most one company in each YC batch that will have a significant effect on our returns, and the rest are just a cost of doing business. ...... You need to do what you know intellectually to be right, even though it feels wrong. .... the best startup ideas seem at first like bad ideas. I've written about this before: if a good idea were obviously good, someone else would already have done it. So the most successful founders tend to work on ideas that few beside them realize are good ..... the vast majority of ideas that seem bad are bad. ..... The fact that the best ideas seem like bad ideas makes it even harder to recognize the big winners. ..... how lame Facebook sounded to me when I first heard about it. A site for college students to waste time? It seemed the perfect bad idea: a site (1) for a niche market (2) with no money (3) to do something that didn't matter. ..... When you pick a big winner, you won't know it for two years. .... fundraising is not merely a useless metric, but positively misleading. ..... We can afford to take at least 10x as much risk as Demo Day investors. ..... The best we can hope for is that when we interview a group and find ourselves thinking "they seem like good founders, but what are investors going to think of this crazy idea?" we'll continue to be able to say "who cares what investors think?" That's what we thought about Airbnb ..... if you're flying through clouds you can't tell what the attitude of the aircraft is. You could feel like you're flying straight and level while in fact you're descending in a spiral. The solution is to ignore what your body is telling you and listen only to your instruments. But it turns out to be very hard to ignore what your body is telling you. Every pilot knows about this problem and yet it is still a leading cause of accidents...... The reason Google seemed a bad idea was that there were already lots of search engines and there didn't seem to be room for another. ..... I was genuinely worried that Airbnb, for example, would not be able to raise money after Demo Day. I couldn't convince Fred Wilson to fund them
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