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startup ecosystem

3 statements across 3 episodes · 1 bullish · 2 bearish · 2 people on the record · first statement Mar 6, 2018 by Sam Altman · across every show →

Everything said about startup ecosystem, oldest first

Mar 6, 2018 negative
Opinion
Altman: Ninety percent of angel capital goes into bad ideas disguised as good
“Unfortunately, what most people end up chasing are bad ideas that look like good ideas. I would say this is where, like, 90% of all angel capital in the startup ecosystem goes.”
Sam Altman Mar 6, 2018 ▶ 29:02 Sam Altman - Startup Investor School Day 1 · Y Combinator
Aug 29, 2018 positive
Insight
Altman: The startup ecosystem supports low-probability companies with massive upside
“The entire startup ecosystem is best set up to support companies that have a low chance of success, but are huge if they work.”
Sam Altman Aug 29, 2018 ▶ 6:11 Sam Altman - How to Succeed with a Startup · Y Combinator
Oct 3, 2018 negative
Insight
Collison: Startup culture's 'never quit' dogma is wrong; sometimes you should
“In, in startup time we really extol and sort of uphold the virtues of, sort of, you know, determination at all costs, you know, never quit and so on. And, you know, that's clearly not the right answer in that, like, sometimes you should quit.”
Patrick Collison Oct 3, 2018 ▶ 22:13 Running Your Company by Patrick Collison · Y Combinator
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