First of all, thanks for the 10 million dollar donation for YC research. That's an amazing gesture, and I'm really looking forward to seeing the scientific research model get completely disrupted - it's in a terrible state and it needs a big shove.
- Given your donation, what are your thoughts on philanthropy?
- Most of your advice is for founders, however, what should an employee look in an early stage start up when deciding whether to join? Obviously, the decision is much easier if the company has started growing exponentially, but before that?
2) A controversial thing I believe is that unless you are getting multiple percent of equity, it's usually a bad deal to join an early-stage startup that hasn't yet found product-market fit and the resulting growth (there is a big exception here for hard tech startups that will take a long time to produce a product but be incredibly valuable if they're able to).
We've noticed that the best startups tend to not hire employees for awhile. One of the reasons, it seems, is they are able to convince much better people to join once things start working.