500 karma · joined June 3, 2008
Dad. SF Resident.
- call to action
- landing page optimization
- small giants
- the ultimate question (how to design surveys and define meaningful metrics)
- why marriages succeed or fail (john gottman's research on relationships)
- predictably irrational (behavioral economics)
- sway: the irresistible pull of irrational behavior
You can argue that Google's products lack the personality of startups, or that Google hasn't excelled in social applications, but taking a quote, bringing up successful startups, and then saying -- i heard that at microsoft therefore google is microsoft -- is absurd.
We're hiring, and just closed our seed round with some great folks from mobile, consumer internet, and retail. Our first app is in review, but we have a lot of things to build, so definitely looking for good engineers / designers! jobs@coldbrewlabs.com
Jeff Bezos coldly examined markets and decided books were the right entry point into ecommerce. However, these don't make the best pr stories, and so aren't told...or in some cases, the story is just fabricated after the fact, such as Pierre Omidyar building ebay to sell pez dispensers.
Great businesses solve problems people care about in a way that makes money. Identifying those problems is often as hard as creating the solution. The notion of releasing early and often is important because it lets entrepreneurs quickly identify the problem users want solved and test their solutions.
I'm happy people tackle hard problems, but keep in mind that precious few arrive at their solution (or even figure out the real problem) in 3 months. Wait a few years and I'm confident you'll see great innovation out of YC, or YC-like programs.
Also, smashingmagazine.com frequently has good links to tutorials.
1. substantially better than free alternatives 2. deliver significant value at limited (user) scale 3. not built on open source technologies w/restrictive licensing
For broad consumer-services, those 3 criteria actually limit the universe of services significantly.
Often 1/4 to 1/2 is vested immediately. Typically you will have accelerated vesting in the event of an acquisition. This can come in the form of a single or double trigger (first trigger is when the acquisition happens and second trigger is if you are fired or quit from the acquiring company).
Assuming your non-immediately vested shares have a one year cliff (no vesting until 1 year worked) and 4 year vesting (month by month after the first year), you should consider not having any vesting in the event of an acquisition.
Acquisition probably won't happen until you've been going for a couple years at least, and much of your shares were vested immediately so fractional vesting of the balance won't make a big difference to you. On the other hand the fractional vesting might make a big difference to an executive you hire between founding and acquisition and you can assume that a big time hire will negotiate to match your accelerated vesting provision (might really erode the value to the acquirer to not have that exec with golden handcuffs).
If you have FF shares, those should represent 1/4 to 1/10th of your total holding and you should make sure that these shares are all vested immediately at founding.
Also, i like your username.
Second, there is no real analysis to support the headline. Even in bad economic times, I bet historically, traditional asset classes like equities have done much better than vc investments as a whole.