Check it out, folks! So, there’s this guy, the CEO and founder of OpenAI, who goes by the name we won’t mention. According to a profile in New York Magazine, this dude, who used to be the president of Y Combinator, tracked the response times of the founders he worked with. Yeah, he kept tabs on how fast they replied to his emails and texts. Now, why would he do that, you might ask? Well, he believed that quick response times were a major factor that separated the great founders from the mediocre ones. In fact, he even wrote a blog post about it back in 2014. It’s interesting, right? Unfortunately, the article didn’t mention the specific response times he expected.
But hold on, that’s not all! In that same blog post, he listed 16 other traits of successful companies and their visionary leaders. One of those traits was being totally obsessed with the quality of the product or experience they were offering. Can’t argue with that, right?
Now, the topic of response times comes up again in a podcast interview from 2019. This economist guy, Tyler Cowen, asked our CEO friend how quickly someone should reply to his emails to be considered quick and decisive. And you know what our guy said? He actually developed a program to analyze the response times of Y Combinator’s top-notch founders versus the not-so-great ones. And let me tell you, the results were mind-blowing! We’re talking about a difference of minutes versus days when it came to average response times. That’s insane!
But wait, there’s more! Our CEO buddy has a long history with Y Combinator. I’m talking way back to 2004 when he was still at Stanford University. You see, he got a cool $6,000 from Y Combinator’s Summer Founders Program to kickstart his own startup called Loopt. It was all about geo-locating friends, you know? Now, this guy worked so frickin’ hard on Loopt that he actually got scurvy! Yeah, you heard me right. Dude was deficient in vitamin C, all because he was grindin’ like crazy on his startup. In the end, Loopt didn’t really take off, but he still managed to sell it for a whopping $43.3 million in 2012. Not too shabby, huh?
Now, during his time as president of Y Combinator, this dude had to sift through a staggering 40,000 applications from up-and-coming startups each year. That’s a ton of applications, my friends. But only around 1,000 of those applicants were lucky enough to get the chance to present their pitches in person. And let me tell ya, only a few hundred of ’em actually got some funding. That’s how intense it is in the startup world, folks.
Fast forward to 2019, and our guy joins OpenAI as its CEO. Yeah, he’s been with them for a while now, and you know what they’re famous for, right? That viral AI chatbot called ChatGPT! OpenAI has grown so much that it’s now valued between $27 to 29 billion as of April 2023. That’s some serious dough right there.
And hey, if you’re wondering what our CEO friend has to say about all this, well, he didn’t respond to a request for comment. Maybe he’s too busy overseeing the future of artificial intelligence or something. Who knows?
Alright, that’s all for now, folks. Stay curious, stay skeptical, and as always, keep on questioning. Peace out!