https://www.amazon.com/Idea-Factory-Great-American-Innovatio...
39,256 karma · joined November 30, 2010
Founding Partner, Fifty Years (http://fiftyyears.com/). Former founder now supporting founders making something civilization needs (climate, synthetic biology, food tech, health, etc).
Twitter: @sethbannon
I write at http://sethbannon.com
YC Badge: 0x84462476fc2833f1f0e72417c82bd719522b0ebf
https://www.amazon.com/Idea-Factory-Great-American-Innovatio...
Something at the end like:
"Transparency: On an ongoing basis, we will offer our employees and our users reports on how we're fulfilling the above commitments."
https://www.washingtonpost.com/news/energy-environment/wp/20...
The regulatory frameworks are still up in the air. I know from having attending the 1st and 2nd Cultured Meat Symposiums in Maastricht that both the USDA and the FDA are looking at clean meat. While both agencies seem pretty open and friendly towards it, they unfortunately both think they should be the one to regulate it :-)
In 2013, the first cultured burger cost $330,000 to make. Just under a year ago, Memphis Meats was at $18,000/lb of clean beef produced. Now they're at $9,000/lb. This is before any sort of efficiencies from scale, and before many steps of the process have been anywhere near fully optimized. They expect their costs to reach 2 cents/g by 2021, which would be cost competitive.
And while chickens are somewhat efficient, they're not as efficient as culturing techniques ought to be at scale. Memphis Meats' process will require 3 calories of input to produce 1 calorie of beef. That's just better than chicken, and massively better than beef or pork.
Seems like the author might be learning a lesson based on Village Capital's apparently unsuccessful demo days and applying it to all demo days. As someone who's gone through YC's demo day and who's attended it a few times since, I can tell you that startups meet a lot of great investors there. That some demo days add no value to either startups or investors is not in doubt. That doesn't mean the structure of a demo day makes no sense.
One thing YC recently did to address some of the concerns he has is introduce "Investor Day" immediately after their demo day. Will be interesting to see how that experiment plays out. https://blog.ycombinator.com/investor-day/
All that said, his points about pitch day formats exacerbating existing biases is quite interesting. Would love to see more data on that.
Disclosure: I'm an investor in Memphis Meats
http://rolandanderson.se/Winston_Churchill/Fifty_Years_Hence...
This sounds more like an "advanced chess" setup, where a human teams up with an AI to play. The title of the article should really be "amateur poker players + AI defeat professional poker players". The real test would be if the AI self-corrected over the length of the tournament, without human intervention.
Sam, how do you figure out "what the world needs"? As you point out, this is often very different from "what the world values" (see: Coca-Cola).
1: https://www.weforum.org/agenda/2016/05/4-billion-people-stil...
That's exactly what Lygos is doing for industrial chemicals. And the beauty of the microbes Lygos is engineering -- specifically yeast -- is that they feed on sugar & water. Feed them sugar & water, and out pops specialty chemicals. This allows Lygos's microbial factories to produce industrial chemicals with sustainable inputs and with no toxic outputs.
I'm incredibly excited by the potential for synthetic biology to reinvent the way we produce all sorts of things we like to eat, wear, or make things with in the decade ahead.
Reading about this research makes me think that this sort of animal experimentation will certainly be one of those things.
Seems like pretty good evidence YC is now great at helping hardware startups that he's choosing to go through the program himself.
On the issue of Peter Thiel, for those of you that believe it's wrong to fire someone based on their political actions, is there any limit? If David Duke ran for office, or the Ku Klux Klan fielded a candidate for president, and someone gave a high profile speech endorsing them and supported their campaign with a million dollars, would it still be wrong to part ways with that person?