Equity cover image

Equity

YC, OpenAI and the trough of disillusionment

Sep 29, 2023
This week's podcast talks about the implications of the writer's strike on AI, OpenAI allowing shareholders to sell stock, electric boat startup Arc's funding, fluctuations in venture and stock markets, YC and accelerators in the startup world, and the tech labor market for startups to hire key talent.
36:39

Podcast summary created with Snipd AI

Quick takeaways

  • The public dispute between Y Combinator and Neo highlights the sensitivity and importance of YC's brand and reputation.
  • The incident between Y Combinator and Neo raises questions about the relevance and future differentiation of accelerators in the tech industry.

Deep dives

YC and Neo spar on Twitter over mentor ratios

A public squabble emerged on Twitter between Y Combinator and Neo over mentor ratios. Gary Tan, CEO of Y Combinator, responded to a comment by Ali Partovi, the leader of Neo, about having as many mentors as Y Combinator but for 20 startups instead of 250. The exchange escalated with accusations and controversy, leading to a heated discussion on social media.

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