It's not about ambition. I think it's very hard not to get into software these days. How many physicists, chemists, and engineers have we lost to software and machine learning?
"Hard-tech companies that apply to YC have about a 10x higher acceptance rate than other kinds of applications. I suspect it's something to do with certain kinds of founders being attracted to really ambitious ideas."http://www.youtube.com/watch?v=C1DlZWfI6rk&t=5m3s …
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Or we can say we have find applications of ML in this fields.
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By "hard tech", you mean?
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Hard-techs are startups that make physical products with software integrated within those products like Apple, Cruise, Tesla etc
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Thx, Elon
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It's because most startups focusing on attacking technical risk have low market risk, while most startups in general have huge market risk. And only the former are aware of their primary risk and focused on de-risking it.
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So a company like
@Airbnb will have less than 10% chance than a random hard tech idea. -
Of course. We are in different times now. Companies like Doordash, Airbnb were the top ideas when the ideas were not obvious. In 15 years, there will have been more market cap (30 trillion +) created in the deeplearning space than in the general Internet space.
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Do you think this is an effect of climbing up the tree as low-hanging fruit gets picked?
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