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Atmrix

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SA

Sam Altman

11/09/24

@ Y Combinator

The world is still largely unaware of the value of having extreme conviction in a single bet, which is why I'm excited for startups right now.

Video

YC

How To Build The Future: Sam Altman

@ Y Combinator

11/09/24

Related Takeaways

RH

Reid Hoffman

11/05/14

@ YC Root Access

The startup ecosystem is mixed in identifying contrarian opportunities; sometimes it recognizes them, but often it struggles to see potential markets until they become popular.

SA

Sam Altman

02/24/18

@ Y Combinator

Many people jump on trends too early; for example, VR has potential, but it's not yet a high conviction bet for starting a company.

PB

Paul Buchheit

07/31/14

@ Y Combinator

Interestingness signals unexplored territory; great startups thrive in productive uncertainty, regardless of their ultimate success or failure.

YC

Y Combinator Cast

08/23/24

@ Y Combinator

Investors often chase opportunities in startups, hoping to profit from future growth, which can lead to inflated valuations that may not be sustainable.

AW

Alexandr Wang

11/14/23

@ Accel

You need to be irrationally excited about your idea as a founder, as it's hard to predict how well it will go, and there are not many great examples to follow.

TB

Tikhon Bernstam

09/09/17

@ Y Combinator

I still feel like I know very little about startups, and having a community of motivated people around me is incredibly valuable.

YC

Y Combinator Cast

01/20/22

@ Y Combinator

The founders of these successful startups had to be contrarian, often facing skepticism from experts and investors who thought their ideas were foolish.

PB

Paul Buchheit

03/07/18

@ Y Combinator

There's no such thing as value investing in startups; investing based solely on perceived bargains often leads to losses.

JR

Joshua Reeves

03/18/25

@ Y Combinator

Investors are generally excited about large markets with clear business models, and they often have hypotheses on how to capture those markets.