Re:I Am Sam Altman, President of Y Combinator. AMA
by jantos8 on Friday March 20, 2015 @02:36PM
(#9239728)
I am currently applying to the summer batch and I was wondering about my setup. I came to the U.S. about four years ago and immediately built a marketing agency and after a year added software development services to it. We grew rapidly to a stable stage and now I am at the point where I can step back from taking care of the company and let my other partners manage it (We are four partners). My question is, I am applying as the only founder and was wondering if having a company already might be a deal-breaker, due to you thinking that I would not be able to invest 100% of my time into the startup? My reason for not having a co-founder yet, is because I want to make sure that I really add somebody that will 100% benefit the startup. I do have a pool of people available from my current company, but would also like to branch out first. Any thought from you would be really appreciated.
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Re:I Am Sam Altman, President of Y Combinator. AMA
by sama on Friday March 20, 2015 @02:46PM
(#9239808)
Make it clear in your application you're going to spend 100% of your time on this new business.
Re:I Am Sam Altman, President of Y Combinator. AMA
by jantos8 on Friday March 20, 2015 @03:03PM
(#9239963)
Thank you and I did. I was just wondering if there is already a certain penalty towards me. 1) Only founder 2) Owner of another company....
Thx, for your prompt answer. Enjoy the rest of your AMA and have a great weekend!