YC invested about $27 million in its Winter and Summer 2016 batches and about $187 million so far in later-stage investments from its first Continuity fund.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
Judged as of the claim date (about 2017-01-01). There are two figures: about $27 million invested in YC's Winter and Summer 2016 batches combined, and about $187 million invested so far from the first Continuity fund. True if YC's official records (annual letter or blog post, fund disclosures) or reliable reporting give figures within roughly ±10% of each. Mostly true if one figure is slightly further off (within about ±20%) and the other matches. Mixed if one figure is confirmed and the other is materially wrong. Mostly false if both are materially wrong but the investments did happen at a broadly similar scale. False if the figures are far off or these investments did not happen. A later YC correction of either figure governs.
Set before the research began.
Evidence (1)
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E1 Y Combinator says its companies are on target for $100B total valuation Fast Company · 16 February 2017
“Overall, the incubator invested $27 million in its traditional winter and summer groups of startups last year and about $187 million in later-stage companies through its new Continuity fund.”
Reasoning
E1 is a February 2017 Fast Company report on Y Combinator. It says YC invested $27 million in its winter and summer 2016 batches and about $187 million in later-stage companies through its Continuity fund. Both figures match the claim exactly, which is well within the ±10% the criteria allow. E1 is published reporting, which the criteria accept, and there is no evidence of a later correction.
Cite this claim
Sam Altman, “YC invested about $27 million in its Winter and Summer 2016 batches and about $187 million so far in later-stage investments from its first Continuity fund.” (said 1 January 2017). Verdict: resolved true. Reliability API, claim c_bf413e6473f3, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_bf413e6473f3
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Sam Altman
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Mostly true
“The very end of 2015, we announced it, and then the first day of work was like January of 2016.”
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Resolved true
“I was always an AI nerd. I was a real sci-fi nerd as a kid.”
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Mostly true
“he later decided that we weren’t on a trajectory to be successful and he didn’t want to.”
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Resolved true
“He helped us start OpenAI.”
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Resolved true
“When we started, it was four and a half years before we had our first product and it was very uncertain.”
When OpenAI started, it took four and a half years before it had its first product.
Verdicts are made automatically; how verdicts are made.