YC needs a fresh perspective. Recycling older members is not a positive sign for continued innovation. I wouldn’t point to “HODL diamond hands” crypto hype (suddenly disappeared..) and personal brand-building content creation as the type of leadership YC needs at this stage.
Specifically in this, someone who has been running a large VC fund for the past half-decade with considerable inside deal access through YC. The conflicts of interest are sizable, and we can’t really pretend that they won’t compound now that Garry’s at the head of YC.
Lastly, to balance flood of positive reviews, there have been consistent (if quiet, again, small world) reports of pettiness and using power/influence against personal grudges. I have not worked with Garry directly, founder friends have and back channels are..not same as the public comments here. Everyone has weaknesses. This isn’t a good one for the position.
Also, if you're reading this Gary, just know that it's ok to say you won by investing in Coinbase early but let's not act like Coinbase isn't powered by scams.
You don't have to keep shilling crypto just because you invested in Coinbase early. You can take the win and not be a crypto bro.
You can shill crypto if our lives are improved by it and that if crypto disappeared one day, our lives would be worse. But not now. It kills your reputation hurts people. Right now, I see you as a Matt Damon who knows how to code.
PS. I'm forever grateful for you pushing Boudin out in SF.
> This is Gary saying that ETH will go up to $10k soon:
Well actually,
1. He didn't say it will go up to $10k "soon." That video is talking about long-term performance.
2. ETH is down just ~~27%~~ 41% since that video, and has moved farther up than down.
3. It's only been a year since the video, which is talking about The Merge as one of the factors behind this belief, and The Merge hasn't happened yet.
4. Quote from the video: "It's not really gonna be that smooth a ride to $10000."
>1. He didn't say it will go up to $10k "soon." That video is talking about long-term performance.
I remember reading his LinkedIn post on this $10k topic. In it, I think he said something along the lines of "soon".
But it really doesn't matter. Saying $10k ETH is the same as a random crypto bro saying $100k BTC soon. There are no fundamentals. Just shilling. Marketing. Ponzi-like behavior.
I don't doubt that ETH might go up to $10k eventually, given enough time. After all, crypto is basically trading with Nasdaq nowadays.
>2. ETH is down just 27% since that video, and has moved farther up than down.
Down 40.97%
>3. It's only been a year since the video, which is talking about The Merge as one of the factors behind this belief, and The Merge hasn't happened yet.
I didn't realize Garry was so crypto-y. Now as the President and CEO of YC where everyone constantly says "Make something people want", "Solve a real problem", I'm curious for him to chime in to the 'What's a real use-case for crypto?' debate.
>I didn't realize Garry was so crypto-y. Now as the President and CEO of YC where everyone constantly says "Make something people want", "Solve a real problem", I'm curious for him to chime in to the 'What's a real use-case for crypto?' debate.
That's why I think YC under Garry will pivot to something like: "Catch the next big thing" even if the next big thing is a scam and an environmental disaster.
I look forward to YC becoming full-time crypto shills and pump and dump scams.
That’s pretty funny. A sizable chunk of leaders I’ve encountered left a wake of discontent behind them. And it’s always in the form of pettiness and grudges. Some people just have weak morals. I imagine that’s why they chase power for so long—to prove that they don’t.
> YC needs a fresh perspective. Recycling older members is not a positive sign for continued innovation.
That they may need [0], but I wouldn't be as dismissive about their current crop of partners either, given their ridiculous and sustained success.
> Lastly, to balance flood of positive reviews, there have been consistent (if quiet, again, small world) reports of pettiness and using power/influence against personal grudges.
I wouldn't know for sure, but there's two sides to every coin: With great power comes great responsibility" / "With great power comes the absolute certainity that you will turn into a right c*"
[0] In the lieu of other firms doing things differently, including ex-YC Daniel Gross' Pioneer.App, BeOnDeck, Enterpreneur First, Sequoia Arc, a16z Start, and others.
This is disappointing.
YC needs a fresh perspective. Recycling older members is not a positive sign for continued innovation. I wouldn’t point to “HODL diamond hands” crypto hype (suddenly disappeared..) and personal brand-building content creation as the type of leadership YC needs at this stage.
Specifically in this, someone who has been running a large VC fund for the past half-decade with considerable inside deal access through YC. The conflicts of interest are sizable, and we can’t really pretend that they won’t compound now that Garry’s at the head of YC.
Lastly, to balance flood of positive reviews, there have been consistent (if quiet, again, small world) reports of pettiness and using power/influence against personal grudges. I have not worked with Garry directly, founder friends have and back channels are..not same as the public comments here. Everyone has weaknesses. This isn’t a good one for the position.