I often forget to mention the fourth founding member of Y Combinator . Today I won’t.
Honestly, I never heard of this organization until I had a few weeks of work at Anybots – a maker of avatars for virtual telepresence. My friend John Sokol gave me call. He said, “I need your help. I’m working at a very cool robotics company and we need to fix this thing.” (That part for another day.)
In the course of things, I came to know Trevor Blackwell. He is best known in the tech community for creating a walking robot on Valentine’s Day 2007. Later I came to know of Paul Graham, Jessica Livingston, wife of Paul, & Robert Morris.
“Boston just doesn’t have the startup culture that (Silicon) Valley does.”
Paul also notes there are two important things to understand about startup investing (as a business)
- that effectively all the returns are concentrated in a few big winners
- that the best ideas (initially look) like bad ideas.