Readit NewsThere are plenty of native English speakers in third-world countries. Presumably, some of them could become qualified (from a practical point of view, not a legal point of view) therapists. Therapy can be offered via telemedicine, over the internet. At least some of these people are far enough from US jurisdiction that they could probably offer this service to anybody who wants it over the internet, and just not care what foreign governments have to say about it. This feels like an easy way for people there to make relatively large (by their standards) amounts of money. Why isn't this happening yet?
- Get paid half as much
- Have to deal with filing claims, which ultimately becomes an additional expense, since chances are you have to pay someone to do this for you.
- Get your money later instead of now.
- Have to keep meticulous notes in case you ever get audited by the insurance companies, who can refuse to issue payments if your notes don't meet their standards.
- Have to lose patients when their coverage runs out
Meanwhile, there's overwhelming demand for therapists in many cities and plenty of people who will pay cash. I truly believe that many therapists are not in it for the money... but if they are going to make less money, let's at least figure out a way to handle the bureaucracy so that their jobs are more enjoyable.
As far as the amount, make sure the other person thinks it's fair. If they don't find the split fair, then it'll just create issues later. Better to give away 49% of your company and have it succeed than to continue to own 90% and have it fail.
Lately, I get maybe one person reaching out every month. I responded to one last week, even though I'm not looking, just to see what the job market is like. I was ghosted.
I think we're just not in a hiring frenzy right now. People don't want to leave their jobs and risk it on something new. Some companies are laying off. For the companies that are hiring, they are probably seeing many more applicants and a higher conversion rate.
Things will come around.
I have notice a lot of dev tools startups on YC. Since a dev tool startup is sort of a "busman's holiday" [1] for geeks, it sounds like a really attractive proposition. Get funded to do something that is pure programming, for other programmers.
I'm looking at the S23 batch and among them, I see a product for automating processes in healthcare, an AI voice assistant, a company tracking methane emissions with satellites, a company fixing GPS errors, building decarbonization, an AI for medical coding and others. None of these feel like AirBnB to me and certainly are not dev tools.
>As a result, most YC companies look the same. While I won’t name specific companies in any of the batches, YC companies will generally... have low capital and infrastructure costs, with low marginal variable costs
Yeah, that's the kind of company that wants $500k to get started. If you are building something capital intensive, then 500k probably doesn't move the needle for you. Either you are going to start small and build slowly (which makes for a bad VC investment) or you are going to need a lot more than 500k.
>For instance, if you are pitching a research lab without a specific plan to profitability (e.g. Mistral AI), then YC is not for you.
Yeah, Mistral AI raised $113M. If you can raise that as a seed round, then you don't really need YC. YC just isn't in the business of financing things that need 9 figures to get started.
He claims you can strip out some of the inefficiency which is related to interoperating software... that's not going anywhere. There will alwyas be walled gardens or code that breaks. Maybe that'll even increase. And even though what AI can already do is incredible, I think it'll take a long time before it can build and maintain large scale projects. In the meantime, it'll certainly make developers more efficient, but so have countless other tools.
That said, I think that remote workers are going to have a reckoning. If i'm hiring for people to be in the office, then i have a much smaller pool, replacing people is tougher, etc. But once I'm opening the doors to remote work, why not do so in a country with a much lower cost of living? I see people on HN constantly talking about how to succeed remotely, you need to be able to work in an async environment, etc. Well guess who loves the idea of an async environment? Upper managers who see ballooning payrolls and realize that an async/remote workplace doesn't need to consist of people in high cost countries.