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Comment by breck | Hacker News Reader

8 pointsbreck11 comments

The Shark Tank production company used to take 2 percent of their profits or 5 percent equity of all companies regardless of the deal struck with investors.[0] Would you want them as a co-investor?

[0] https://www.inc.com/will-yakowicz/mark-cuban-forces-shark-ta...

> used to

I prefer to work with people who improve things when they think of a better idea. What do you do?

The production company didn't think of a better idea. They were exposed and compelled.

IIRC Mark Cuban heard of it and said he wouldn't join the show unless they dropped that.

So they get paid only if the company is profitable, otherwise 5% max equity?

Sounds like it encourages a better economic system than the rich man's socialism of VC, which rewards people that can raise funds as opposed to achieving profitability.

Man the twitter OP (edit: looks like twitter OP is OP of this thread too) seems pretty unhinged. Naked photos of you somehow makes it OK to post other peoples' emails?? Screaming on twitter at a banking startup I've never heard of??

And while I agree with the sentiment and think PG and co are right (I've had friends go on the show...just don't do it), I really think it's in bad form to post private correspondence in public--no matter what OP might think about the scruples of the author, etc.

> Why 12 weeks til http://CancerDB.com is feature complete? Because that's the fastest we can do it. If we took 13 weeks that's an extra 11,000 families we'd have to look in the eye.

Do you look the families in the eye and tell them "sorry, we could have saved your son/dad/daughter/mother, but we were afraid people would accuse us of 'bad form'".

I look families in the eye everyday. Because I know. If you don't believe, fine! I don't expect anyone to, but do not be an asshole and stand in our way (Looking at you Mercury bank).

...what?

Our team is going to radically accelerate the cures for cancer in 12 weeks. I figured it out: https://github.com/breck7.

And I have my own money and can self-fund the whole thing.

I just need people to #LetMeCode. And unfreeze my bank accounts.

...what?

1. Heresay.

2. Nobody's going to want to invest in someone who blurts private emails out in public. Good luck.

3. He's probably right, tbh.

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