I've added a new question to the list I consider during office hours with YC startups. As well as "Can we induce network effects?" and "Would it make sense to go full-stack?" I now ask "Can we make this AI-proof?" Can we ensure this company still exists if AIs do most work?
100%. This is why I feel spiritually American.
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness"
America's cultural ideal has been the self-made entrepreneur while Europe's was rooted in aristocracy, with status inherited rather than earned. Europe's inheritance laws show this divide.
Many European countries have "forced heirship" laws that require people to leave 50-75% of their estates to their children. Want to leave the majority of your wealth to charity? not allowed. Your kids are estranged from you, struggling with addiction, or irresponsible? still required to give them the money. Want your kids to avoid a life of entitlement? tough.
Incredibly, these laws look back at transfers made during your lifetime. If you have 3 children in France, you're required to bequeath them a minimum of 75% of your estate. Because French law calculates this based on your assets at death plus all lifetime gifts, giving away more than 25% of your wealth while alive means your heirs can legally sue to force charities or foundations to return the funds. This has limited the development of the nonprofit sector on the continent.
The cultural gap between an entrepreneurial society and one shaped by dynastic wealth is enormous. If you make it yourself, you tend to want your kids to do the same. If you inherit it, the primary goal is protecting the estate for the next gen.
Countries like Spain, France, and Italy legally entrench family dynasties, while America has historically sought to limit them through estate taxes. The result is not only a weaker culture of philanthropy and civil society in Europe, but also less economic dynamism.
@levelsio Is it state mandated? It never happened to any hotel I stayed at lately, be it in France, the UK or Italy. Overall, European hotels are very good and superior to the ones I've been in the US. Far from Asia (ofc), but not as catastrophic as what you describe!
@ChloeRidel Ah ça vous embête hein d'être face à vos contradictions? Si vous aviez un cerveau fonctionnel, vous interrogeriez peut-être plutôt sur comment faire revenir les Stérin de ce monde en France.
For Cadillac fans - the team has debuted its new (& first) motorhome in Monaco & will use it at all the European races.
Size: 765m²
- 21 transport trucks required for transportation & operation
- Assembly time: approx. 12 hours
It also features a "floating staircase"!
Quelques réflexions sur la puissance et les dilemmes intellectuels auxquels elle nous confronte, à lire dans le @Grand_Continent.
https://t.co/SFM8GwBAtM
Plus d’une centaine de sans-abris ont trouvé refuge dans les entrailles du premier aéroport français. Un univers chauffé, sécurisé… où on peut trouver à manger si tant est qu’on sache se débrouiller.
Le reportage est à retrouver en intégralité sur @tf1plus.
@thibauld Je pense qu’on ne se rend pas compte de l’impact du confinement sur plein de gens. Et cet abruti de @EPhilippe_LH pavane alors qu’il a plongé des milliers de personnes dans des souffrances insondables.
@ankurnagpal Travel is an industry where price matters more than experience (to most people). So it has to be a relatively niche product and therefore be expensive.
@LucJager C’est helas difficile de valoriser un montant aussi petit, on peut pas décemment compter sur 10x ARR. mais peut être un petit 10-15k. Difficile de vendre 1/4 des parts à un tiers également.
Everyone says: hire people better than you, then get out of the way.
One of my biggest mistakes at Algolia was taking that literally.
Yes, hire people better than you. But don’t confuse seniority with earned trust.
Stay close at first. Inspect the work. Pressure-test the judgment. If you’re still micromanaging after 3 months, you hired the wrong person.
And trust your gut.
As a founder, you are the most fine-tuned model in the world on your own company. If something feels off, it probably is, even when the exec says, “Trust me, I’ve done this for 20 years.”