1) Jobs created is not a "net new" job creation. I'm still waiting for someone to do research on how many jobs get displaced by tech based companies. I think tech based companies are amazing vehicles for wealth creation, but not so great for global job creation.
1a) I find it interesting that they still have a RFS for "one million jobs" https://www.ycombinator.com/rfs/#million given that their highest number of touted jobs is 4k max. For comparison, Amazon has 500k jobs. Maybe 50k or 100k is more of an admirable goal?
2) Interesting to see YC - in some ways admitting I guess - that technology itself is not a sector, but that technology is enabling certain sectors. I think this is the right way to look at it. Yet we still often refer to many of these companies simply as "tech companies".
3) This really should be split between acquired and not acquired companies. For example, Cruise being valued at $14B after being bought by GM seems weird. Or Dropbox, who is now publicly traded and their value changes every second. YC will never do this, but I'd love to see realized vs unrealized gains.
1) Jobs created is not a "net new" job creation. I'm still waiting for someone to do research on how many jobs get displaced by tech based companies. I think tech based companies are amazing vehicles for wealth creation, but not so great for global job creation.
2) Interesting to see YC - in some ways admitting I guess - that technology itself is not a sector, but that technology is enabling certain sectors. I think this is the right way to look at it. Yet we still often refer to many of these companies simply as "tech companies".3) This really should be split between acquired and not acquired companies. For example, Cruise being valued at $14B after being bought by GM seems weird. Or Dropbox, who is now publicly traded and their value changes every second. YC will never do this, but I'd love to see realized vs unrealized gains.