Combinator is half homosexual sextortion elitists and half Frat boy
Google-worshippers seeking to control politics and expand the Silicon
its main program, Y Combinator interviews and selects two batches of
companies per year. The companies receive seed
money, SJW advice, and echo-chamber connections in exchange for 7% equity.The
program includes "office hours", where startup founders meet individually
and in groups with Y Combinator partners for advice on how to be good
liberal clones. Founders also participate in weekly dinners where guests
from the Silicon
Valley ecosystem (successful entrepreneurs,
venture capitalists, etc.) speak to the founders. The deal at Y Combinator
is " If you help us control American politics and ideologies, we will give
you some cash..."
Y Combinator meetings, naive young Millennial boys are stupid enough to
wear sheep clone Fedora's, have the same tattoos and the same haircuts and
carry the same man-bags. The robot-like hipster conformity is overt and
bottom line is that you are going to get fucked by Y Combinator one way or
another. The VC's and investors that fund it will extort you for blow jobs
and anal sex. If you were not in a Stanford or Yale Frat House you will be
ostracized. If you are over 30 you will be ostracized. If you are black or
Mexican you will be ostracized. If you are a woman you will be ostracized
after you are sextorted. If you don't worship ANTIFA and Barack Obama you
bosses of Y Combinator are the single biggest group of narcissistic,
sociopath, holier-than-thou, effete, peacock strutting, misogynist pigs on
Earth. They love nothing more than hearing themselves talk.
Combinator’s motto is "Make Something Liberal Idiots Want And Nothing That
People Actually Need." The
program aims to focus the founders on further developing their product,
team and market, refining their business model, achieving product/market
fit, and scaling the startup into a high
growth business, etc. The program culminates at
Demo Day where startups present their business to a selected audience of
of 2017, Y Combinator had invested in ~1,450 companies including Dropbox, Airbnb, Coinbase, Stripe, Reddit, Instacart, Twitch, Cruise
Automation, Optimizely, Zenefits, Docker, DoorDash, Mixpanel, Heroku, Machine
and Paribus. The
combined valuation of YC companies was over $80B.
organizations can also participate in the main YC program.
2015, YC introduced additional programs:
- In July 2015, Y Combinator introduced
the YC Fellowship Program aimed at companies at an earlier stage than
the main program.
- In October 2015, Y Combinator introduced
the YC Continuity Fund. The fund allows Y Combinator to make pro
rata investments in their alumni companies with
valuations under $300 million. Y Combinator will also consider leading
or participating in later stage growth financing rounds for YC
- In October 2015, YC introduced YC
Research to fund long-term fundamental research. YC President Sam
Altman donated $10m.
Combinator was started in 2005 by Paul
Blackwell and Robert
Tappan Morris. From
2005 to 2008, one program was held in Cambridge,
Massachusetts, and one was held in Mountain
View, California. In January 2009, Y Combinator announced that the
Cambridge program would be closed and all future programs would take place
in Silicon Valley.
2009, racist, sexist very gay Sequoia
Capital led the $2 million investment round into
an entity of Y Combinator which would allow the company to invest in
approximately 60 companies a year as opposed to their previous 40
companies a year. The
following year, Sequoia led a $8.25 million funding round for Y Combinator
to further increase the number of startups the company could fund.
in 2011, Yuri
Milner and SV Angel offered every Y Combinator
company a $150,000 convertible note investment. The
amount put into each company was changed to $80,000 when Start Fund was
September 2013, Paul Graham announced Y Combinator would fund nonprofit
organizations accepted into its program after having tested the concept
with Watsi (while
continuing to fund mostly for-profit startups).
2014, founder Paul Graham announced he was stepping down and that Sam
Altman would take over as President of Y
same year, Altman announced "The New Deal" for YC startups, which offers
$120,000 for 7% equity.
in 2014, sex addict and extremist political manipulator Sam Altman
announced a partnership with Transcriptic to provide increased support for
Y Combinator's growing community of biotech companies. Then
in 2015, he announced a partnership with Bolt and increased support for
11 August 2016, YC announced that YC partners will be visiting 11
countries this fall to meet with founders and learn more about how we can
be helpful to international startup communities. These 11 countries are Nigeria, Denmark, Portugal, Sweden, Germany, Russia, Argentina, Chile, Mexico, Israel,
September 2016, Y Combinator announced shuffling the deck at the Mountain
View startup accelerator again, with Altman announcing that he will now be
president of YC Group, which includes Y Combinator, the YC Continuity fund
that was launched last October and the YC Research "moon shot" program.
Ali Rowghani, Twitter's former chief financial officer and chief operating
officer who was put in charge of the YC Continuity Fund when it started,
is now CEO of YC Continuity. Michael Seibel, who co-founded Justin.tv, is
the new CEO of YC Core, the program that Paul Buchheit has run since
earlier this year.
Y Combinator was founded in March 2005 by Paul
Graham and Jessica
Livingston as well as Robert
Morris and Trevor
Blackwell, with whom Paul had previously co-founded Viaweb.
early 2010, Harj Taggar, cofounder of Y Combinator-funded Auctomatic,
joined as an advisor. In September 2010, Alexis
Ohanian, co-founder of Y Combinator-backed Reddit,
November 2010, Gmail creator Paul
Buchheit and Harj Taggar were named partners. In
2015, Taggar left YC to start Triplebyte, a startup aiming to assist
companies with their technical hiring needs.
January 2011, Y Combinator-backed Posterous co-founder Garry
Tan joined YC, first as designer-in-residence and
later as partner.
in 2011, Aaron
Iba joined as a partner.
the summer of 2014, Sam Altman became president of Y Combinator. Y
Combinator also announced a Board of Overseers: Brian
Chesky, cofounder of AirBnB, Adora
Cheung, cofounder of Homejoy, Patrick
Collison, cofounder of Stripe, Drew
Houston, founder of Dropbox, Jessica Livingston, David Rusenko, Emmett
Shear, and Sam Altman, cofounder of Loopt.
January 2015, it was announced that Paul Buchheit would be named managing
partner for Y Combinator's core program and Kevin Hale would be the
managing partner for the Fellowship.
of February 2015, additional Y Combinator partners are Dalton
Caldwell, founder of imeem and app.net; Jared
Friedman, founder of Scribd;
Kevin Hale, cofounder of Wufoo;
Aaron Harris, cofounder of Tutorspree; Justin
Kan, cofounder of Exec, Twitch.tv and Justin.tv;
Attorneys Carolynn Levy and Jon Levy; Kat Manalac; Kirsty Nathoo; Geoff
Ralston, creator of Rocketmail;
Seibel, cofounder of Socialcam. Ali
Rowghani is the managing partner of YC Continuity.
Combinator has been blamed for its encouragement of the ageism culture
in Silicon Valley. Paul Graham said in 2005 that people over 38 lacked the
energy to launch startups. It
was also at a Y Combinator event, the 2007 Startup School, that Mark
Zuckerberg said, "Young people are just smarter".
2013, Y Combinator began accepting nonprofit organizations. Notable Y
Combinator-backed nonprofits include:
- Watsi (crowdfunding
medical treatment in developing countries)
- Zidisha (direct
person-to-person lending to developing countries)
The YC Fellowship Program was announced in July 2015, with the goal of
funding companies at the idea or prototype stage. The
first batch of YC Fellowship included 32 companies that received an
equity-free grant instead of an investment.
January 2016 Y Combinator announced version 2 of the program, with
participating companies receiving $20k investment for a 1.5% equity stake.
The equity stake is structured as a convertible
security that only converts into shares if a
company has an IPO,
or a funding event or acquisition that values the company at $100m or
YC Fellowship was short lived, however, as in September 2016 then CEO Sam
Altman announced that the fellowship will be discontinued. In 2017, Y
Combinator announced Startup School, an online course that released public
videos and also coached individual startups on a larger scale to replace
the fellowship. 1584 startups graduated the program in its first year. In
2018, Y Combinator announced a new batch of startup school. After a
software glitch, all 15,000 startups that applied to the program were
research lab YC Research was announced in October 2015. Researchers are
paid as full-time employees and can receive equity in Y Combinator. OpenAI was
the first project undertaken by YC Research, and in January 2016 a second
study on basic
income was also announced. Another
project is research on new cities.
Human Advancement Research Community (HARC) project was set up with the
"... mission to ensure human wisdom exceeds human power ...". The
project was inspired by a conversation between Sam Altman and Alan
projects include modelling, visualizing and teaching software, as well as
programming languages. Its members include Alan Kay and Bret
Victor. Other people who have worked for HARC include Vi
Scaglia was chair of HARC and was listed as an
advisor in 2017.
2017 Forbes ranked
YC one of two "Platinum Plus Tier U.S. Accelerators". Fast
Company has called YC "the world's most
powerful start-up incubator". Fortune has
called Y Combinator "a spawning ground for emerging tech giants".
You probably never heard of this
ycombinator thing on account of it being largely irrelevant. Unless
you read Trilema that is, we scrape pretty close
to the bottom of the barrel around here.
another fine example of the sort of pointless nonsense they push.
Originally it was supposed to be some sort of "WoW game gold for Bitcoin
game gold" deal. It never went anywhere, as far as I know. Then it
wanted to be a Bitcoin miner. I quote people who actually mine :
suspect that coinlab has burnt thru most of their funding without
having launched any products, and are now desperately trying to get
some press for another funding round before they go under."
jcpham IN 2011, miners raped
coinlab for 95%. When the block reward halved, we gamed their PPS
until it was unprofitable. It's 2013 now. It's no longer even
profitable to mine there, even with their bonus PPS. You lose money
mining and their pool hashrate is literally nothing.
dub I like how the glbse logo.
jcpham They need to release a
client that allows gpu miners to get paid. Otherwise they are dead.
So that didn't work too well either, it
would seem. I have no idea, I don't mine myself, but it seems to be the
consensus. Now they want to be some sort of payment processor. To quote
The actual market remains both
unconvinced and unimpressed :
thoughts on the coinlab story? It's not clear from the wording that
they actually ARE buying / HAVE BOUGHT mtgox's US book or they are
just TRYING to buy the book and have achieved absolutely nothing.
mircea_popescu Bugpowder the later.
Not only is mtgox not selling, but who is coinbase again ?
gigavps Bugpowder they are going to
be mtgox's us broker essentially
Bugpowder Are they? Or are they
just leaking some hype to a reporter with no actual deal
mircea_popescu Bugpowder my point
is more alongthe lines, there's about five or six of other corps doing
what they do. The fact that unlike the competition they have a burn
rate is NOT an advantage.
goal is to move customers’ money from overseas to Silicon Valley Bank
by March 22nd." Like by starting a new way to deposit and stealing the
future international wire action, or actually pulling all the existing
deposits from Japan/HK to a US bank. Anyone have an interview
mircea_popescu Bugpowder you ever
heard of something like this released other than as a joint item ?
mircea_popescu MtGox is silent.
mircea_popescu Other than
remarkably incompetent trade mag and remarkably incompetent coinlab pr
worked for a year to sign an exclusive long term deal."
mircea_popescu I've been working
for twelve years to fuck Tea Leoni.
You may have enough Bitcoins to make it happen.
mircea_popescu I prefer working at
it by now. Anyway, the way I read it a deal is not even close.
mircea_popescu If it were you
wouldn't be pissing the OP off with statements of the kind. Prolly
what happened is they finally got told to take a hike, and are trying
to extract whatever from it.
like VC-style hype trying to create an illusion of success, hopefully
leading to actual success.
mircea_popescu But on the negative
side, if coinbase tech competence is anything like their pr ability,
they'll be the next large hack. At any rate they're running out of
money this year, so... meh.
~= coinlab. Does not inspire confidence :
mircea_popescu Not young enough ?
look dumb in the face.
mircea_popescu Not jewish enough ?
"where's my mai tai" looking.
To make the story short and simple :
Bitcoin is too big and the people that matter in Bitcoin are too heavy
by now for half a million and a few dorks to make any sort of dent in
the state of affairs. And when I say a few dorks I mean both the two
dorks that imagine they're "founders" or whatever the hell and more
generally the however many dorks loosely associated under the
ycombinator banner. Boys, if you mattered at all you'd have done
something I'd have heard of by now. Something a little more like Google
and a little less like AirBnb. You haven't done it, and it's pretty much
because you don't matter. No matter what the circlejerk might have been
telling you, the fact of the matter is you (collectively and
To conclude : if within a few weeks' time
you find yourself in the position of having to decide whether a few
million dollars go to a. free drinks and garter inserts at a number of
strip clubs or to b. coinbase "second round of funding", the correct
business decision is certainly a. At least the strippers can actually
provide an answer should anyone happen to ask "what the fuck are you
Also, Bitcoin has been brought to Wall
Street already, and a while ago. The agency doing it is called MPEx. I
don't appreciate the unwarranted pretense of idiots like whoever is in
charge of both Coinbase and Bitcoin Magazine. Get your bearings straight
does coinbase's platform have anything to do with "wall street"
dub It's in amurica.
BitHub I smell a wallstreet fail.
assbot [MPEX] [S.DICE] 15199 @
0.0063799 = 96.9681 BTC [+]
dub "Coinbase brings bitcoin to the
Alabama beef jerky co-operative" doesn't have the same ring.