No Idea? No Problem. Start a Company!

The famous start up incubator Y Combinator, which is responsible for products like Reddit and Dropbox, is now accepting applications from teams and individuals who don't have an actual business idea. 

What's the Latest Development?


The San Francisco start up incubator Y Combinator is now accepting applications for its next funding round and has opened the applicant pool to groups and individuals whowait for ithave no actual business idea. Groups and individuals who are nonetheless passionate about starting a new business are encouraged to apply for the summer funding cycle until March 28, when the application deadline expires. "We're not sure if this will work," says a statement from the Y Combinator brain trust, "but if it does we'll do it from now on."

What's the Big Idea?

Y Combinator is a new way of starting businesses that relies on generous seed funding, an extensive network of successful alumni and a commitment to an open and free exchange of ideas. It aims to create the Silicon Valley of technology start ups. The incubator is responsible for success stories like Dropbox and Reddit, which according to the incubator's staff, began as an idea for a cell-phone food ordering service. It goes to show that the source of a great business idea can look very different, practically unrecognizable, from the end result. 

Photo credit: shutterstock.com

Befriend your ideological opposite. It’s fun.

Step inside the unlikely friendship of a former ACLU president and an ultra-conservative Supreme Court Justice.

Sponsored by Charles Koch Foundation
  • Former president of the ACLU Nadine Strossen and Supreme Court Justice Antonin Scalia were unlikely friends. They debated each other at events all over the world, and because of that developed a deep and rewarding friendship – despite their immense differences.
  • Scalia, a famous conservative, was invited to circles that were not his "home territory", such as the ACLU, to debate his views. Here, Strossen expresses her gratitude and respect for his commitment to the exchange of ideas.
  • "It's really sad that people seem to think that if you disagree with somebody on some issues you can't be mutually respectful, you can't enjoy each other's company, you can't learn from each other and grow in yourself," says Strossen.
  • The opinions expressed in this video do not necessarily reflect the views of the Charles Koch Foundation, which encourages the expression of diverse viewpoints within a culture of civil discourse and mutual respect.
Keep reading Show less

3 ways to find a meaningful job, or find purpose in the job you already have

Learn how to redesign your job for maximum reward.

Videos
  • Broaching the question "What is my purpose?" is daunting – it's a grandiose idea, but research can make it a little more approachable if work is where you find your meaning. It turns out you can redesign your job to have maximum purpose.
  • There are 3 ways people find meaning at work, what Aaron Hurst calls the three elevations of impact. About a third of the population finds meaning at an individual level, from seeing the direct impact of their work on other people. Another third of people find their purpose at an organizational level. And the last third of people find meaning at a social level.
  • "What's interesting about these three elevations of impact is they enable us to find meaning in any job if we approach it the right way. And it shows how accessible purpose can be when we take responsibility for it in our work," says Hurst.
Keep reading Show less

Physicist advances a radical theory of gravity

Erik Verlinde has been compared to Einstein for completely rethinking the nature of gravity.

Photo by Willeke Duijvekam
Surprising Science
  • The Dutch physicist Erik Verlinde's hypothesis describes gravity as an "emergent" force not fundamental.
  • The scientist thinks his ideas describe the universe better than existing models, without resorting to "dark matter".
  • While some question his previous papers, Verlinde is reworking his ideas as a full-fledged theory.
Keep reading Show less

UPS has been discreetly using self-driving trucks to deliver cargo

TuSimple, an autonomous trucking company, has also engaged in test programs with the United States Postal Service and Amazon.


PAUL RATJE / Contributor
Technology & Innovation
  • This week, UPS announced that it's working with autonomous trucking startup TuSimple on a pilot project to deliver cargo in Arizona using self-driving trucks.
  • UPS has also acquired a minority stake in TuSimple.
  • TuSimple hopes its trucks will be fully autonomous — without a human driver — by late 2020, though regulatory questions remain.
Keep reading Show less