I believe YC is one of the most innovative places in silicon valley and has the potential to truly change the world by helping to create hundreds of new tech companies. It's exciting to be a part of that.
A great addition to the YC team. :)
There are lots of people who do NOT want a promotion, and you shouldn't feel you have to give them one. Often you can give them something more meaningful to them in the form of more compensation, bonuses, internal/external recognition, equity, etc.
When it comes to engineers, many prefer to keep writing code, not managing people, and simply want more recognition, equity or comp.
Seems like there is no inherent law preventing a portfolio manager from becoming bigger than any single item in his portfolio.
Perhaps YC will acquire companies in the future?
So while we often hypothesize about what YC would look like if we funded e.g. 10x more startups, we know better than to plan to. It's a question to be decided empirically.
Buch = 'bookh', similar to 'ach' or 'Bach'. Some Germans will pronounce this closer to 'boosh'
Heit = 'height', as in 'Gesundheit'
I'd love to sit down with Harj one day and see how much he's changed since our school days. I'm really inspired by how much he's accomplished. Although, he's obviously worked very hard for it and it's well deserved!
Techcrunch / HN / Reddit has been on my daily reading list for years. It's definitely been interesting seeing your story unfold.
If I'm ever over in Silicon Valley, I'll have to drop you a message as it'd be great to have a catch up and laugh about the old BGS times.
(edit: seems I wasnt able to explain I was trying to congratulate YC for being able to play in the big league where such companies are punching each other. I think this speaks a lot about how YC name is growing.)
Maybe Paul just didn't want to participate in killing his own brainchild.
Is there more to hacker news than the frontpage? How many people are needed to maintain it?
There is more to YCombinator than Hacker News. HN is just the social news website intended to serve the YCombinator crowd. Your best bet to learn more is to go to the YCombinator website; you know, the one without the "news" in the url: http://ycombinator.com/
Reactions like this (when genuine) bring more attention to the fact that HN has grown waaay beyond the YC participants.
Paul Graham's goal is obviously to be the valley's biggest patron for starving artists, err, hackers.
All of this is very fresh and exciting.
it's an interesting choice to reinforce the demographic biases rather than trying to counter them. when you decided to add two partners, did you consider any women?
here's some subtext for my question: http://www.talesfromthe.net/jon/?p=2091
YC might have considered or not, but don't downvote someone for asking, eh?