Just be sure you're a good culture fit!pic.twitter.com/DGAZ9A8C2l
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Extreme concentration of wealth has moved us from venture capitalism (where investor flattery must at some point confront the reality of a competitive marketplace) back to a simpler 14th-century model of rich family patronage, where you appeal to the pieties of the local Croesus
YCombinator's big successes: Dropbox, Airbnb, and Reddit. Moonshots? 


This is the best grift I can possibly imagine. The Altmans put in a total of 2-4% of the fund. They pay themselves 2% each year so they make 2.5-5x. Because it’s a moonshot fund, they have a built in excuse when nobody delivers.
Oh God, I just described almost every VC fund didn’t I? We’re f*cked.
So basically "it's good you can't imagine this succeeding, because that means you also can't imagine how much money it could make!" but they had to escalate because we're starting to have a lot of data on those success odds vs that money
They’re into wearing more than one shirt and owning more than one McLaren each
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