Sam Altman

Sam Altman is the President of YC Group. He was cofounder and CEO of Loopt, which was funded by Y Combinator in 2005 and acquired by Green Dot in 2012. At Green Dot, he was the CTO and is now on the Board of Directors. Sam also founded Hydrazine Capital. He studied computer science at Stanford, and while there worked in the AI lab.


US Visas

We will hold a day of interviews in Vancouver for founders we’d like to interview but can’t get US visas. We will also experiment with allowing companies that we’d like to fund but are unable to get visas for the duration of our three-month program to participate remotely.

YC’s Online Class (Sign up at StartupSchool.org)

We’re excited to announce our new online Startup School, with classes beginning on April 5. Anyone can sign up at StartupSchool.org for the 10-week massively open online course (MOOC), starting today. We want to teach everyone how to start a startup and help them along the way with guidance from people who’ve started companies.

Dilution

There has probably been more capital looking to invest in private technology companies in the past five years than any five-year period before. A non-obvious consequence is that although people raise more money at higher valuations, they still end up selling much more of the company.

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Drew Houston on How to Build the Future

Drew is the founder and CEO of Dropbox. Rejected once before, Drew eventually went through Y Combinator in the Winter of 2007 with Dropbox and has since grown it to over 500 million users today.

2017 YC Annual Letter

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.

YC Research: Universal Healthcare

Today, we’re excited to announce that YC Research is funding Watsi for a project that will study using technology to improve the quality and reduce the cost of healthcare. Currently, up to 40% of all healthcare funding is wasted on operational inefficiencies, fraud, and ineffective care. Watsi’s goal is to improve the efficiency of funding, making universal healthcare possible.

Welcome, ACLU

We are delighted to be funding the ACLU as a non-profit in our Winter 2017 batch. The ACLU will have full access to the Y Combinator network and community, and they will present at Demo Day in March. We are hopeful that the YC community will join us in supporting this important work. In particular, if you’re an engineer and want to spend some time helping them out, let us know.

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