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 who—wait for it—have 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
International poker champion Liv Boeree teaches decision-making for Big Think Edge.
Our egotism and self-confidence can sometimes spill-over to our loved ones.
It's now well known that many of us over-estimate our own brainpower. In one study, more than 90 per cent of US college professors famously claimed to be better than average at teaching, for instance – which would be highly unlikely. Our egos blind us to our own flaws.
An MIT study predicts when artificial intelligence will take over for humans in different occupations.
While technology develops at exponential speed, transforming how we go about our everyday tasks and extending our lives, it also offers much to worry about. In particular, many top minds think that automation will cost humans their employment, with up to 47% of all jobs gone in the next 25 years. And chances are, this number could be even higher and the massive job loss will come earlier.
One way to limit clutter is by being mindful of your spending.
- Overbuyers are people who love to buy — they stockpile things as a result. These are individuals who are prone to run out of space in trying to store their stuff and they may even lose track of what — and how much of what — they have.
- One way overbuyers can limit their waste, both money and space wise, is by storing items at the store, and then buy them when they really need them.
- Underbuyers tend to go to extraordinary lengths to not buy things. They save money and do fewer errands, however, they often make do with shabby personal items. They may also, when they finally decide to go out to buy a product, go without entirely because the item may no longer be available.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.