Joey DeBruin

With an intake process that emphasizes past accomplishments and interviews rather than bureaucratic credentials, and with an ethos of taking chances on those who show promise rather than weeding out those who might fail, YC has been able to select charismatic and energetic candidates for its program. The three-month program serves as the foundation... See more

I expect that effective altruism will always be an example of what I’ve called “club” communities elsewhere: high retention of existing members, but limited acquisition of new members, like a hobbyist club. EA will continue to grow, but it will never become the dominant narrative because it’s so morally opinionated. I don’t think that’s a problem, ... See more

The brokerage model is what we employed at Fundera. There are several distinctions between brokerages and marketplaces, but a key one is automation versus people-intensive. Marketplaces are fully automated. You can complete a purchase as a buyer without ever speaking with a person. Everything is magically taken care of for you by software. But in i... See more

Words are a lossy medium for describing rich, multidimensional ideas.

Entrepreneurs often describe building a company as a harrowing experience and doing this alongside a peer group serves as an emotionally powerful initiation for many founders, similar in some ways to the initiation and bonding rituals for groups ranging from college fraternities to military recruits. Graham has said that bringing cohorts of entrepr... See more

🚨NEW: Once again, Americans filed to start new businesses like never before last year. The Census Bureau tallied nearly 1.7m applications to start new likely employer businesses in 2022 -- 28% more than before the pandemic. https://eig.org/2022-business-formation/... See more

Leaders with differing ideas naturally surface in groups of people, and it is equally natural for people to follow leaders and causes they believe in. Rather than replacing hierarchies, DAOs create a mechanism through which a single organisation can allow many hierarchical teams to explore different directions simultaneously.