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WorldMover

44 karma · joined August 12, 2008

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WorldMover··on Ask HN: Help test our new signup process
The tutorial is a brilliant touch, and very useful!
WorldMover··on Ask HN: What's the best way to hire HN users?
Thanks!
WorldMover··on Ask HN: Freelancer? Seeking freelancers? (September 2011)
SEEKING FREELANCER - I am looking for a freelance developer that has experience with ruby on rails, heroku and the twitter api. This is likely to be a 1 or 2 week project. Please get in touch (world . mover @ gmail . com)
WorldMover··on Why does Google show that 2^1000 = 1.07150861 × 10^301?
I was wondering why does it show it at all, when it doesn't show 31000, or 41000 for example
WorldMover··on Ask HN: Good resources on the Business / Legal side of a UK Startup
The HMRC is a decent starting place http://www.hmrc.gov.uk/startingup/, you may also find http://www.businesslink.gov.uk useful. In addition you should check with an accountant (perhaps someone you know).
WorldMover··on Ask HN: Some ideas for undertenner.com?
The student directory idea is really good, I am going to look into this
WorldMover··on Ask HN: Some ideas for undertenner.com?
Thanks for the suggestion - it sounds interesting, but will people be embarrassed to be on it? Also there is the chicken and egg problem with dating sites which will be difficult to overcome
WorldMover··on Support The Victims of Japan's Earthquake With Your Loose Change
Using disasters as an opportunity for marketing/promoting doesn't feel right to me (given swipegood is a for profit business)
WorldMover··on Progressive Signup: A Better User Signup Process
Just to let you know, the first link in the blog to quietwrite actually points to quitewrite.com
WorldMover··on Goldman Sachs invests in Facebook at $50 Billion valuation
If there are (or will be) investors willing to invest at the initial IPO price, how can you say that price is going to be 'artificially high'?

The IPO investors, themselves will be buying in the hope of making a gain, if their analysis/forecasts/judgement is wrong - it won't be Goldman that screwed them, it will be failure of their own judgement. And also their own willingness to join to 'bubble' to make a gain.

Also, if Goldman are the underwriters of the IPO, and they fail to sell the shares at the 'artificially high' price, they will have to take on the shares themselves. If such a high profile IPO is not fully subscribed, it won't reflect well on Goldman, so setting an artificially high price, is not in their interest, but setting a marketable price is.

Also empirical evidence suggests IPO's tend to be underpriced as opposed to over priced, to allow for gains on day one. (see http://en.wikipedia.org/wiki/Initial_public_offering#pricing)

With Goldman themselves having $450m in facebook, this also adds some credibility come IPO time, as GS themselves will have 'skin in the game'.