The Sunday Times’ tech correspondent brings on Michael Seibel, chief executive of Y Combinator, the storied Silicon Valley startup bootcamp, to talk about why chaotic markets are good for startups (3:50), how he ended up at YC (6:20), the importance of clarity (7:50), why it’s both easier and harder than ever to launch a company (9:10), the power of the big guys (11:35), the need for regulation (13:45), what has changed since he arrived to Silicon Valley in 2006 (18:05), why bigger is better for YC’s model (20:30), peak accelerator (24:05), getting pitched his own idea (26:10), tackling the diversity challenge (27:30), tech’s number one problem (30:10), how startups are like the NBA (34:30), stupidity vs genius (37:00), how Facebook and Google are cautionary tales (39:30), competing against Big Tech’s money (42:45), artificial intelligence (46:40), and whether scooters are overhyped (49:20)

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