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Comment by vessenes | Hacker News Reader

This is silly, and also mean. The man has put $1mm of his personal money into funding startups. I bet you that almost all of these startups had close to zero revenue. Furthermore, he's politely answering questions in this low-noise, low-traffic forum! I bet almost nobody got that kind of access to funders in 1999.

Secondly, if you actually parsed through the article, you're considering book value of his un-exited investments to be $0.

Do you have any investments like this you've made? I might be interested in taking them off your hands for an _excellent_ price compared to their $0 value.

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Angel investing is not altruism, it's business. I don't do angel investing because I'm not comfortable with the risk profile, and to hear that a popular angel is only making 10% reaffirms my analysis.

While investing is business, the blog post is definitely altruism, which is why I encouraged you to be more polite.

I re-read the article to make sure my second point also holds: the 10% (over three years, so really more like 3% if you are looking at IRR) is only calculated on actual current exits.

About half his portfolio is still indeterminate. Barring seriously weird circumstances, he will do very well overall on this crop of investments, especially considering that he started in 2006.

That said, keep on with your current strategy. Everyone has a place.

"Only" made 10%, and starting in 2006 and proceeding directly through to the world bottoming out? I think the previous commenter you are responding to must have been joking.

Sadly, one cannot give trolls the benefit of the doubt.

http://news.ycombinator.com/item?id=1963971

This gives me an idea; perhaps PG could deliver some sort of anonymized hash of poster IPs to us so that a user can choose to ignore everyone from the anonymized IP.

I'm reminded of old-time slashdot -- I banned jonkatz from showing up anywhere on my slashdot pages. It was bliss.

Yes, but his real position isn't 10%. It's 10% plus a stake in Weebly, Wufoo, and a dozen other companies that are still alive. Discounting those to $0 isn't exactly accurate.

What's silly or mean about evaluating one(selve)s performance?

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