This is the problem YC should be solving. Instead, YC is still patently and openly biased towards the Ivy League class, which is really just a bias against poor people. It's been a decade and still nothing predicts YC acceptance like the Right Background and Culture Fit.
So get on it! Raise a billion dollars and fund every decent team founded by people from poor backgrounds. Stop giving money to people that don't really need it and don't really appreciate it.
This could change the entire world.. Poor children could grow up knowing that someone would fund them if they try to make something of themselves. Initial funding is the roadblock.
A simple proxy for "poor" in this case can be anyone who did not have parents who could buy them into a fancy school or send them around the world.
Pointing fingers all the wrong directions. Hope it feels good to get it off your chest at least.
A more productive discussion is methods for capital formation and how some methods can reduce inequality better than others. Judging from what you wrote, it doesn't seem like a search query you would ever have run yourself. There are some interesting things going on around the world on this issue.
Feel free to disagree with any of what I've said. I think my suggestion for YC is far bigger than anything else being suggested. It may be controversial to say they're doing a bad job right now but that's what I think the truth is.
YC is in the unique position of being able to fund thousands of poor people and yet they choose not to. Why? They don't believe poor people can be successful? They don't want to help poor people? What is it?
Almost every poor person who got rich had some rich person's help. This is a fact of history going back thousands of years. There are very few exceptions.
Trump had his father's help.
Steve Jobs had Mark Markkula's help.
Paul Graham had a rich lawyer's help.
Sam Altman had Paul Graham's help.
So what do poor people need to lift themselves and their families out of poverty? Help.
How would YC know if someone is poor when they apply? Just by what school they attended? I don't know the stats but I'd be shocked if the majority of YC's most recent accepted class were from ''Ivies'' (a very tiny population).
I went to school with many brilliant but ''poor'' kids on full-ride scholarships. From my perspective the biggest barrier to them becoming entrepreneurs wasn't that nobody would fund them but rather that the immediate salaried incomes available to them upon graduation were life-changing for them and their families and ''too good to pass up'' in their personal risk-adjusted calculus.
FWIW I tend to agree with you though I might phrase it differently. YC has done a great job so far and maybe we are expecting too much from what essentially is a venture capital(?) business.
Yes, RICH Bill Gates had his father most powerful lawyer in Seattle. Larry Ellison had the CIA/NSA's full backing.
If you want to be over $100M company, U must be involved with the GOV ( real secret shadow gov, not the public circus )
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Helping poor people to be entrepreneurs is not what they really want, I think they have other priorities.
If U study 'richest man in babylon' you can see that in all human history it's 2-3% of all men who always get all the money, its just human nature, a 'real' entrepreneur first and foremost must be a member of that genetic 3%.
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YC is a VC firm, their job is to get 100X return for their, and their clients ROI, that means they must find good investments and convince young-in's to sign over all their rights to the lawyers.
I'm a firm believer in boot-strap startup, so that when the game is over, U own it all, 100%, otherwise you just waste your life for other people.
``Stop giving money to people that don't really need it and don't really appreciate it.``
There are more than enough monied people who think this way in SV but they dont seem to be throwing angel money at people in this predicament why do you think that is?
This is the problem YC should be solving. Instead, YC is still patently and openly biased towards the Ivy League class, which is really just a bias against poor people. It's been a decade and still nothing predicts YC acceptance like the Right Background and Culture Fit.
So get on it! Raise a billion dollars and fund every decent team founded by people from poor backgrounds. Stop giving money to people that don't really need it and don't really appreciate it.
This could change the entire world.. Poor children could grow up knowing that someone would fund them if they try to make something of themselves. Initial funding is the roadblock.
A simple proxy for "poor" in this case can be anyone who did not have parents who could buy them into a fancy school or send them around the world.