Sohum

Thomas Was Alone and To The Moon. Both absolute masterpieces.

Fellow small phone fan. I've gotten a lot of mileage out of the smaller OnePlus phones designed for kids.

www.sohum.com

Curious question. If YC started today, with the exact same manifesto but in the current environment as opposed to the one in 2005, could they still have been as successful?

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So the founders who own majority of the company, can be outnumbered on the board and have little influence over "strategic tactical" decisions etc?

Thanks for all the answers ... I also found this which cleared up a few things.

http://www.danshapiro.com/blog/2010/08/vc-insanity-economics...

Are there a pre-set number of board seats or can new seats be issued as new investors emerge?

How did Mark Zuckerberg maintain control of the board, whilst still receiving huge VC investments? So I imagine it something like, he owns majority of the board but not majority of the shares?

That article was very informative.

I still don't fully understand what a VC has to gain by eliminating the founders?

So as long as the board is owned by non-founders, a sale can be forced even though the founders disagree and want to continue operating ... even if the sale will leave the founders with nothing? ... that seems so diabolical!

But if the company sold for less than $5m, the founders would get nothing?

Probably ignorance here, but if the company sold for less, say $4m are the founders now in debt for the remainder of the 5x agreement?

Not sure how much this is worth, I only recently discovered Hacker News (and am 17 also), but if you're having trouble coming up with ideas, it's probably best to find a co-founder who is really good at coming up with ideas....

One of the most common things you here from successful "entrepreneurs" is that they have an overflow of ideas and not enough time to work on all of them.