Tailgating YC
techrotica.tumblr.com
techrotica.tumblr.com
Once we funded someone who reminded me of Zuckerberg, and even then it was far from the only reason. And the fact that the YC partners have taunted me about it ever since shows that if anything we're probably extra skeptical about Zuckomorphs.
I realize it's possible to be unconsciously influenced by applicants' appearance and manner, but can anyone at this point believe we're not aware of that danger, and simply pick people based on matching some crude archetype? That we could remain that naively incompetent after 16 cycles of picking founders and then watching how they do?
For the record, I've always really respected YC for being honest and up front about biases. I find it very refreshing, because most everyone else is too scared of being accused of discrimination to admit it. Everyone has biases. Every VC and angel is going to try to match what's in front of them to something they know when assessing the potential value. I have no doubt that YC will accept a great company that doesn't fit the "type", we spoke to lot of companies like that before we came out to SF.
What I'm curious about is YC's habit of "fund without idea" or "fund for new idea" ... how likely is it that someone against the traditional startup type would be given that opportunity? I don't know the answer because there's no data on what ideas people came into YC with, vs what they left with ... but it's an interesting question to me because cognitive biases are an interesting topic to me.
The people who think they are smart enough to think their way out of their own biases are usually the ones who fall victim to them the most often. So I've always really seen YC's honesty about this as a GOOD sign, not fodder for criticism.
In any case, thank you for sharing your experience.
2) Respectfully, pg, why are you bothering with this, and more with all the other "how to hack YC", "why we got past YC", "why we failed YC" blog posts? I'm surprised you don't have a bot that first-posts the following comment to every such submission:
"On behalf of YC, there is basically zero chance that TFA gives meaningful insight into YC's hyper-evolved process for seeing past such rudimentary schemes. -- the PGBot"
Heh... I'm sorry, but I can't help but be slightly amused by the idea of a "pgbot". So much so that I started on capturing some "pg'isms" in AIML a while back.
https://github.com/mindcrime/pgbot
I'd love to play with this more, but I have to much respect for pg to do it. Any more and I'm afraid it would go from "cute, maybe amusing diversion" to the realm of actually offensive.
What might be fun though, would be to compile some stock expressions, advice, quips, etc. from a whole range of well known personalities in the startup & tech world, and create a bot that combines them all. You could call it "startupbot" and stick it out there somewhere for people to interact with.
I didn't really read that as the main take away of the post. And I didn't get the feeling that they were trying to say that you do simply "pick people based on matching some crude archetype". I read it as a more general analysis of the dangers of making those kind of snap decisions (note all the stuff about how the team-members didn't even necessarily care for each other, based on initial impressions). The bit about you and your Zuckerberg quote was just one element of a bigger picture, from what I saw.
Maybe it's just me, but what I took away from the story was "don't hold too strongly to rush judgements about people, and don't worry so much about what pg and the YC crew think about you, regardless of what you look or act like". But that could just be a reflection of my own biases.
Whether or not we (humans) can adequately compensate for our own cognitive biases, even when we are aware of them, is an interesting topic. Personally, I'm glad this post showed up and helped raise that issue.
Do you give it a shot?
10 years ago, an electric car company would sound like objectively the worse idea to many. Tesla was founded in 2003, the same year that General Motors officially cancelled its EV1 program. Toyota stopped selling its Rav 4 EV. Honda had long since ceased production of the EV Plus. If 3 of the largest car companies in the world tried and failed to make a profitable electric car, what hope did a newcomer with no automaking experience have?
"When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."
Taking this thinking another step, one of the characteristics of good management is probably the ability to avoid bad businesses.
If Zuckerberg were to leave Facebook to start another startup, and analysis of the idea makes an investor think it's a bad idea, I'm guessing they would still invest in Zuckerberg based on the assumptions:
1. He knows something you don't. 2. He'd move from a bad idea to a good idea later and it's worth investing in smart businesspeople.
1. When a good market meets a bad team, market wins.
2. When a bad market meets a good team, market wins.
3. When a good market meets a good team, something special happens.
Also, Zuckerburg himself has said that the reason he refused all buyout offers for Facebook was "I'm unlikely to have an idea as good as this ever again." That was probably the quote that changed my opinion of him from arrogant douchebag who got lucky to someone who just might have his head screwed on. It displays an interesting level of humility that's largely missing from his public persona.You know, Zuck actually seems like a nice guy. Someone I'd love to grab a beer with. He's obviously smart, incredibly humble, (supposedly) easy to work with and doesn't really fit the existing molds of a wunderkind CEO like Jobs or Gates.
Founder Jerry Kaplan says that in its lifetime, the company generated "no meaningful sales".
Business => $$$.
Do you give it a shot?
Deleted comment
I can scratch my toes a lot faster than you can - you don't even know where my toes are right now.
This man has probably overseen the early days of more successful startups than anyone else in the world. That huge amount of heuristics (pratical experience) loaded in a single head is the reason I listen to what he says. He's wise.
But wise does not mean "he who gets it right every damn time". I guess there's likely a psychological explanation as to why we love opportunities to pick on the flaws of successful people. "Hey look, pg made a mistake! Ha, I knew he wasn't god!"
Got any?
2. If the world is in fact biaised in favor of Zuckomorphs, then your own biais would be a good thing, but a biais nonetheless.
Cultural matches are important and they drive more decisions than we're all comfortable with. The truth is, we often like to hire, promote, or buy from people who fit a certain stereotype. It's essentially a cargo cult around what successful startup people are expected to look like, and the most uncomfortable thought arising from that is not the number of founders who "wrongly" received funding, but the number of hopefuls who never got the chance.
However, taking the time to really get to know and appreciate a startup person is not something that can reasonably happen a lot when you're in contact with customers, the press, or even your own employees - so the (bad) impression a team makes while interviewing for an incubator or fund raising does tends to follow them around.
People can and do change their appearance to match other people's expectations - and it's a proven, working method of upping your chances. Learning how to interact better with others, while certainly painful, also helps and is more often than not necessary to become successful.
We're often distracted by the Zuckerbergs or Jobs' who are abrasive and embody their own don't-care-for-anything style, but the ugly truth is that those guys got so unbelievably lucky that they never needed to actually work on themselves.
Of course, that's not to say that you can't be a moderately successful entrepreneur if you "hustle" enough. Just don't expect to have books written and movies made about you. I know plenty of people who have started ventures in important niches and have found moderate success. There's absolutely nothing to be ashamed of if you exit for $10 or 20 million after a couple of years of hard work. But, going in, you have to be aware of the fact that you're almost definitely not going to end up a multi-billionaire.
But I would argue very ardently that the expression "the harder I work, the luckier I get" contains a great deal of truth. Work, intent, and focused will can do a lot to shape the world we live in.
I'm reminded of that post that showed up here a year or so back about "how to date a supermodel", which started with something like "move to where supermodels live and go the bars where they go". Yeah, that might not be sufficient, but there's a lot to be said for the "create my own luck" aspect of at least taking the actions that are needed to move you towards your goals.
> I'm reminded of that post that showed up here a year or so back about "how to date a supermodel", which started with something like "move to where supermodels live and go the bars where they go". Yeah, that might not be sufficient, but there's a lot to be said for the "create my own luck" aspect of at least taking the actions that are needed to move you towards your goals.
To follow up on your supermodel analogy, if you were to do that, it would be reasonable to expect that you'll eventually score a date with a supermodel - just don't expect to score a date with $a_top_10_supermodel (whoever that might be).
[citation needed]
This is obviously my opinion. You are free to voice another one or present data that offers another perspective. There is really no "citation needed" for every thesis a person happens to entertain, and that comment alone with no other content accomplishes absolutely nothing besides being rude. Try to reason with me, or if you're lazy, vote me down; though I personally prefer to vote on post quality rather than agreement/disagreement. [citation needed] is not a meaningful interaction in my opinion.
We can't live in a world where every statement has citations, of course. So in practice, apparently-factual statements often have to stand on the authority of their speaker. As such, it's regrettable when people utter unfounded claims in the language of authority (like "the ugly truth is"). And so it's useful (to me), for people to call out when other people are doing this, in the hopes of eventually raising the conversation. "citation needed" means "This statement is phrased to sound authoritative, but has no evidence, and I think it's wrong, and I'm willing to be persuaded by evidence". I strongly disagree with the claim that it accomplishes nothing but being rude... unless, of course, the recipient (you, in this case) has no interest in discourse.
Why would fearless reason with your unjustified and implausible claim? And why would (s)he downvote your entire comment, just because the last sentence is silly? Upvotes for fearless!
That is just so damned smug. Why doesn't that person have any of these lofty responsibilities about making a perfectly articulated argument? It's acceptable for them to literally type two words as their contribution to the "discourse," and the onus is pushed back onto the person who actually put some effort into it? Discourse does not mean "you will go on at length, and I will offer a simple rejection until I am satisfied with your argument."
> Why would fearless reason with your unjustified and implausible claim?
Because it's a community, it's a two-way street. If he wants to push the conversation that way, he can help it get there with an actual contribution.
edit: On second thought, removed some unnecessary snark. Others have covered my point anyway, just got a bit riled.
"I get the impression they never had to work on themselves" doesn't beg a citation. It's clearly an opinion and doesn't imply that it's attempting or intended to be anything else.
It may seem pedantic, but when all people have to go on are the words you put in the form, being clear is important.
Still, I have to admit that I do believe it to be factual that extremely successful people did not have to work on making themselves pleasant or conformant to the same degree as normal people. I explained the reasoning for this in the sister comment, but the upshot is that I indeed see this as a fact that probably could be supported by biographical evidence.
vs
Right, but I think that adding "in my opinion" and "I think" and "I feel" in front of every opinion has nothing to do with communicating clearly. In my opinion, there are lots of things in communication that are implicit and don't need to be stated explicitly.
Now, would you really argue that the second version is any more clear, or that anyone's understanding would be changed by adding all those qualifiers? Personally I don't find it to be anything except unnecessarily verbose. shrug
A lot of extremely successful people got there because of extreme luck. Their extreme luck became an essential component of their success. It's not that they won a planetwide lottery without doing anything for it. It's that they won the lottery and were very competent, and in some cases, hard working. Again, please note that I'm talking about the extremely successful people that we like to iconize.
To be phenomenally successful you typically are extremely young, come from a reasonably affluent background, have enjoyed a very nice education, and your early life is characterized by crossing paths with lots of influential rich people. Contrast that with "normally" successful people, they are just different. They can be any age, come from a variety of backgrounds, and typically they had to deal with (and improve on) a longer streak of rejections.
I don't think it's poisonous to acknowledge luck, it is one of the necessary ingredients of extreme success. And extreme success is usually a necessary ingredient for trend-setting the styles and mannerisms we have come to expect from all successful founders.
I digress. My own view of the YC interview is such, taking into account the magic of hindsight: that we shouldn't have depended on PB and our interviewers to drive the conversation toward market size. We should have anticipated the concern on our own and brought it up as it's something we're already used to having to defend. Should've, could've, would've -- who knows if that would've mattered, but it's my best guess. Then again, we also spent our 10 minutes successfully selling them on our team and execution abilities, which we evidently did very well based on the feedback we got in our rejection email. In fact, I don't think our interview could have gone much better than it did and I still feel overwhelmingly positive about it. Contrary to Marianne, perhaps, I feel pretty viscerally that we sell our team better than we sell our product/market fit at the moment. And with the caliber of applications YC sees these days that include companies with crazy good traction, we can't properly apply the YC priorities of yore ("great team, not much else yet? You're in!") to our interview and extrapolate that it was our demographics that didn't get us in. As Marianne's (mbellotti's) experience shows, it is certainly something to consider, but it is just one of dozens of possibilities. It's also worth considering that demographics may have helped rather than hindered us in getting the interview in the first place.
I'm not sure about that, it seems very regressive to me, playing into the stereotype that the way for a woman to succeed is by attaching herself to a successful man. I would say it's one step away from flirting with your boss to get a raise.
Especially if the person's also in the startup scene. The ecosystem thrives on people helping each other out.
But from the phrasing of the OP ("great hustling"), I took it to mean that she was actively "hustling" OKCupid by using her dating profile (i.e. people's desire to sleep with her) to get business contacts (i.e. money).
I am not going to hypothesize on this converse. However, having evaluated the team, I'll just leave this here[1].
[1]: http://www.businessinsider.com/attractive-people-are-more-su...
On a sincere note, breck, I truly do appreciate the thoughtful feedback and will certainly act on it if I come to perceive that the benefit of doing so will outweigh the difficulty of parting with the conversation starter that is my Twitter handle. I'll be the first to admit that this kind of shock value appears to have a high risk of backfiring (which, mind you, wasn't a very relevant concern 5 years ago when no one but close friends knew my online persona), but somehow -- and even I don't know how, really -- it has led to overwhelmingly positive interactions over the years, especially as people become familiar with my personality and sense of humor.
I guess if you can pull it off, my hat is off to you! :)
However, it definitely isn't the case though that we're just looking for a bunch of Zuck clones. In this business, we make all of our money off a small number of outliers, and my assumption is that outliers are likely to be outliers in a number of ways. For example, Brian Chesky was a bodybuilder who graduated from Rhode Island School of Design. If anything, I'm more likely to take a chance on an unconventional team.
Also, a word of advice, if people are consistently getting the "wrong impression" about you, then perhaps you should work on hacking their perception. To build a big business, you're going to need to sell yourself to potential employees, customers, investors, etc.
Danger, Wil Robinson, danger!
If you start down the path of trying to project yourself to somebody as what you think they want to see, you are taking on a big risk, as you never really know what the expectations are. You're probably just as likely to screw things up by trying to be perceived differently, than by just being yourself.
To build a big business, you're going to need to sell yourself to potential employees, customers, investors, etc.
Right, but you have to sell yourself not some alternate-reality, fictional version of yourself. Of course you want to present your best self to people, to the extent that you can know what that is. And maybe that's all you're really saying. If so, then sure. But if it means actively molding your dress, behavior, mannerisms, speech, appearance, etc. to something artificial in order to cater to someone's whims, I'm not so sure.
Sure. And based on that, I'd say we probably don't disagree much, if at all. I'm just saying that there's a risk in worrying too much about how others perceive you, since you won't (usually?) know - in advance - what it is they want to see.
I do agree with "put your best self forward", I just worry if it goes beyond that.
Of course, my own biases are probably showing here, since I tend to prefer outsider / renegade / iconoclast types anyway. :-)
Any selection process has biases, some intrinsic, some extrinsic. But unless the process is very loosely tuned, such selections are rarely driven by those biases, When I started at Sun the 'top' of the engineering ladder was the title 'Distinguished Engineer' and I wanted to be one, and so to know what it took to be promoted to that role. Some of the best advice I got was that, that was the wrong question. The question was simply whether or not I was a Distinguished Engineer.
The subtle difference in phrasing aligns with whether or not the organization recognizes Distinguished Engineers or appoints Distinguished Engineers. Sun was very much the former and not the latter. It changed my whole perspective from trying to do something which got me promoted, to doing stuff that I was proud of, with the understanding that if that was something Sun considered worthy they would promote me, if not it didn't matter. I know, hard to believe it wouldn't matter but the place you have to be is you're true to your path and in some groups that will be recognized as awesome and in other groups it won't, but that is the group's problem, not your problem.
So in the YC selection process, perhaps it is more about recognizing teams that are building YC companies, than it is picking teams to be YC companies. I've never sat in on the discussion so I can't say but from what I've seen of the demo day presentations there is certainly some homogeneity in the "vibe" these companies give off.
That's unfortunate, because YC really doesn't have a type. I don't think there was a single Zuckerberg clone in our batch[1], a large portion of the batch had a foreign accent (me included), there were several awesome women led teams (Shoptiques, HireArt, TheDailyMuse, 99Dresses...) and we all got in.
As I told a friend somewhat indelicately recently, the best attitude to have post YC-rejection is "Screw YC, we are going to go gangbusters on this anyway". Ironically, this makes you more likely to get in the the next time, should you choose to apply. If not, you still win. Mbellotti clearly got that part right with this: "Everything I have ever achieved in life has started with a panel rejecting me, YC was just another notch." So godspeed to her!
[1] The closest may have been Jason Freedman, and he looks nothing like Zuckerberg http://42floors.com/team
And I'm not talking about genders, age or cultural backgrounds.
They are intelligent (obviously), unexited (by my standards), determined and tent to listen more then to talk.
They move baby steps instead of trying to make huge jumps. They all also seem to be very scared of losing (which is different from wanting to win).
First let me say that I found mbellotti's post absolutely wonderful, and find that it serves as an example to the type of team we have become in a very short period of time.
We as humans, all have pre-conceived notions of one another whether they be based on appearance, mannerism, figure of speech, etc. For some of us, these first impressions become much more deeply rooted than for others, and I, at least personally, believe them to be a hinderance in getting to understand people.
Social relationships aside, this knowledge of, and understanding of one another is an absolutely pivotal part of any team as it leads to better communication, and more importantly builds trust, and friendship.
But excellence in teams is also derived from hardship. Mbellotti, in her post mentions that we took the RV to save money, which is true, however, as we started this project on a bus, under somewhat strenuous conditions we noticed that much like a hazing of sorts, the experience brought us, much closer together. Would the discomfort of an RV do the same, I dare say it has.
I don't mean to sound trite by saying this, but team really is everything. How often do you see a team fall apart because of squabbles over who's going to be CEO of a 3 person company, or an argument over the hue of blue that's served as a background.
To me the post was more about this anything, the trust, and belief in one another, and the internal knowledge that we can and will make it regardless of obstacles, because (excuse the mush) we actually do have one another to rely on.
As for the YC interview and later rejection, yes it was disappointing as all rejections are, and as a self confessed PR junkie it would have made that as well as fundraising all the much easier, but it was a great experience nonetheless, as was meeting the brilliant people who interviewed along side us, and whose relationships I would like to continue and nurture, because they really are great people.
With that, I highly urge anyone in a startup to get an RV and go a bouts the bay area or NE corridor in it, is a killer experience, leads to some absolutely brilliant stories and elevates the concept of "The "Mobile" Startup" to whole other level. #hackingWhileMoving.
Speaking of figures of speech...after reading this paragraph, I had to go re-check the original post. This sounded a little too close to "If I had brought X number of Bitcoins back then, they’d be worth millions now", so I wanted to see if there were clues this is you.
http://en.wikipedia.org/wiki/Martingale_(probability_theory)
The game is rigged: anyone with any understanding of math knows that. The house always wins.
Unless he's opening the thing up and downloading firmware, he's not 'hacking' anything. He's just losing money. And if he was somehow up money for the night as he claims, he just got lucky. The expected case is that the house wins.
Except the odds of you winning anything over pocket change are astronomically low, so most people gamble away not just all their credits, but all their winnings and some of their own money to boot. That's why the casinos are so eager to give you free credits for everything.
What I was doing was playing the penny slots on the lowest bet level and cashing out anything over ten cents. I was making about 60 to 70 cents on the dollar ... which sucks if it's your dollar, but the whole point was it WASN'T. I was using the slots to convert the casinos free credits to cash.
......Not what I would have done if given free choice of activity, but like I said, my friends wouldn't let me play blackjack :D If I have to sit for hours while the bride-to-be brags about her bullshit "system" for hitting jackpots, I might as well make a little money.
For anyone in the bay area, Grand Sierra in Reno has the best promotions I've encountered for free play ($50-100) and free weekend hotel rooms.
This means SHE was avoiding the losses not actively trying to make a profit. That's how I read first time and still how it reads now. I guess the use of the term "hacking" in this sense wasn't a great idea.
The term is being used like life-hacking.
I have to be in the casino,
I have to play slots (no blackjack)
How do I make this work?
... I play for penny stakes instead of dollar stakes.
The fact that she did actually win something was just dumb luck.
You should really go back and read the rest of it, it is well worth it.
"I walked out of the casino at a profit just by being aware of what the actual odds were and sticking to a system that would milk the machine of as much money as possible. That it did this bit by bit was irrelevant. Cash is cash."
It's certainly conceivable that the A.C. slots have a negative vig under some circumstances, but I'm skeptical. My conclusion from the references to the slots is that the author probably isn't as smart as she thinks she is. Preliminary finding.
I agree that this usage is idiomatically consistent with the HN-standard use of "hacking", though.
One pattern I noticed once is that after a few plays (5-20), I would often get a small win, sometimes more than what I'd played already. If I stayed on the machine, the next small win would be after I'd played those profits and a few more plays--I was losing money. But if I got up and switched machines after the small win (usually, but not always, with a small profit), I could get another small win on a different machine much quicker. Once I made about $20 on 25cent slots this way. Another time, I lost $5 trying and gave up. These 2 data points happened 5-10 years ago, I don't go to casinos often enough to claim to know anything. I could be just another gambler with a "sure-win" strategy. Or maybe that was a "naïve" algorithm used by the early video slots and it was too easy to figure out and has since been replaced by different ones. We'll never know.
Psychologist and Nobel econ prize winner Daniel Kahneman has written about this in his book "Thinking, Fast and Slow" [1]. I am currently halfway through this book and it's been an insightful read so far.
[1] - http://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/...
Thinking Fast and Slow is one of those books that changes your life by permanently altering your worldview. On some level it makes you resent yourself as you start learning how to identify your own biases (and even worse, just how many there are! Good God!) but once the bruises on your ego start fading you'll find that you're a far better person for it.
One note though: I really give a lot of credit to YC for thinking outside the box in the interview process, I would consider myself far from the typical tech founder archetype and our company sits in an industry that is typically not that interesting to the startup community. They took a chance on my team and me and we strive to prove them right.
HOWEVER, it's important to understand the role that rejection plays. And it's also important to understand the baggage that rejection carries with it. Sort of blowing off rejection - to me - seems utterly stupid. Especially if it's something you want. The point of founding a start-up is to be successful (whether that's an exit strategy, positive growth, getting into YC, etc. is irrelevant). Failure/rejection loses all of its beneficial characteristics if all you do is blow it off ("oh it's just another notch"). You need to ask yourself:
1. Why did I fail?
2. What can I do to not fail again?
In some cases (1) will simply be bad luck. Consider an athlete that slips and tears his achilles or consider me asking a pretty girl out that happens to have a boyfriend. Oh well -- that's just bad luck. However, if the athlete in question failed to train hard or I made a bad joke that completely irked a girl I'm interested in, that's something completely different. I truly believe that the start-up world is, in many ways, a lottery. By that I mean that not only do you need to be in tip-top shape, but you also need to get pretty damn lucky to end up like Facebook, Twitter, Instagram, Pinterest, etc.
Blowing off failure prevents any positive improvements (hey maybe I should've trained harder, maybe that was a bad joke, etc.) and encourages a kind of isolated entrepreneurship where you think you know best and you're convinced you're doing your best (even though you may not be).
Also, lets face it: failure sucks. Being rejected by a cute girl/guy sucks. Not being accepted into YC sucks. Not getting into your school of choice sucks. I think that downplaying the suckiness of these events is not the way to go. Instead, figure out how to get what you want next time. It's a careful balancing act. On one hand, you don't want to be a fatalist that gives up after the first failure; but on the other, you don't want to be a hard-headed and obnoxious positivist that doesn't acknowledge failure when it's staring them in the face.
Now, should you take the feedback (whatever that may be) that you get from the YC rejection, and incorporate it into your worldview, and learn from the process, and use it to grow? Sure... who wouldn't want to benefit from some wisdom from pg, paul, rtm, etc.? But as smart and talented as the YC crew is, they aren't totally prescient, and there are plenty of stories of teams that got rejected and went on to success.
When the girl rejects you, saying she has a boyfriend, you might play the conversation over again, and realize you made a bad joke. I know I would. I would be more careful next time I tried. Less natural, less flowing. Less likely to succeed.
There will be weaknesses in your performance whether you succeed or fail, and searching after a failure is sometimes the worst time. Ask yourself about it in a year or so, when it's less raw.
The 'best' way to win the lottery is to play often. You have to enjoy doing it, and making failure personal, painful, will stop you from doing that.
It seems to be a matter of perception. They sound like a rather alternate bunch that don't appear to go to great lengths to sell themselves as a team. They were probably doomed in the first 10 seconds. The failure to stress test them out on their ideas would make it appear that the interviewers were just going through the motions to be polite.
Not sure there is any blame to apportion here. The world is what it is and people are what they are. In an ideal world they would have been a given a thorough grilling about their ideas, enthusiasm, skills and approach despite an initial very negative perception - but in an ideal world they would have recognized their potentially negative appearance/behaviour and done something about it, so it would not have been an issue in the first place.
Everything I have ever achieved in life has started with a panel rejecting me, YC was just another notch.
Think I will subscribe to her blog.
(If anyone applies in the future that I know, I'd be happy to meet up with you if you get an interview. Offer extends to people I don't know yet if it is security, network infrastructure, or if you are US/UK/CA/AU/ZA military or comtractor from Iraq/Afghanistan/HOA, or MIT or Technion. Maybe IL mil too, but in that case you already know plenty of people...)
It is the first time a site has managed to actually hurt my eyes, ye gods.
Care to explain this in more detail? Are you sure you know what the actual odds are?
If you were actually making money through the odds, why were you only playing for cents? I'd be looking for higher stakes machines with similar exploits.
mbellotti: Just a comment on your blog's style: my eyes didn't take well to the white-on-black colour scheme, and I had to install Chrome's High Resolution extension to finish it without killing my eyes. Of course, YMMV.
Slot machines pay out something like 60% 70% (according to the author) so you're just converting non-cash to cash with a hefty markup for the casino.
The author played the low-stakes machines and cashed out any win over 10c.