I think what he meant was that Harvard itself didn't provide an online facebook to its students. Wasn't Harvard supposedly working on a university-run online facebook during that time? Or am I just thinking of houseSYSTEM?
1,428 karma · joined March 20, 2010
I think what he meant was that Harvard itself didn't provide an online facebook to its students. Wasn't Harvard supposedly working on a university-run online facebook during that time? Or am I just thinking of houseSYSTEM?
<!--25 people. 3 Google, 2 Columbia, 2 NYU, 10 New Yorkers ; tribe designation...? -->
<!-- concept of the crowd : what the crowd looks like: 'oh a bunch of old people in this restaurant... fuck that'. oh mostly college-age kids who go to NYU -->WebRTC is a project building support for things like P2P and Device API support into modern browsers. This is so you could do things such as access a user's video camera through the Device API and establish a P2P stream with another browser, without using any Flash or installable plugins.
Now is just a JavaScript library that enables you to do RPC with browsers.
From the SEC S-1 filing[1]:
We grew from 37 employees as of June 30, 2009 to 7,107 employees as of March 31, 2011.
[1] http://www.sec.gov/Archives/edgar/data/1490281/0001047469110...
I believe 7 million shares were floated out of ~94 million outstanding shares. If more shares are floated, the price per share should go down (not considering other factors) as there will be a larger supply of shares in the public market. The assessment that the investment banks that the IPO should be priced at $45 sounds more reasonable had all 94 million shares been floated (speaking hypothetically; this never actually happens).
For this reason, valuing LinkedIn by multiplying 94 million (total outstanding shares) by the current stock price on the NYSE (as most news articles have been doing) is probably not a very accurate measure.
Client A wants the file that Client B has so when Dropbox asks Client A for some random offset, Client A asks Client B in the background and relays the result to Dropbox.
It really depends on how far pirates would be willing to go.
Since local disk is temporary and can be lost any second, don't they still have to use EBS for persistence?
I don't know much about lower or middle tier schools but at the top tier schools, nothing you learn will be 10 years out of date.
Now, if only they could provide EBS this way...
Skip to 6:00.
Even YC advises against incorporating using generic paperwork (I would imagine the YC paperwork is pretty similar to what other Silicon Valley startup attorneys would use):
"Don't incorporate, though, if you can avoid it. It's easier to start with our paperwork than to transfer an existing LLC or S-Corp to a C-Corp."[1]
Don't do this. I don't see a reason in having a corporate entity for making apps, let alone more than one. Get a DBA (sometimes called Fictitious Business Name or FBN; in California, this would be ~$80 one time vs $800/year if you incorporated and had to pay the franchise tax, which is owed regardless of state of incorporation or net income). If circumstances require you to establish a corporation (like a very rapidly growing service), establish a C-Corp and not an LLC. And go through a lawyer, not LegalZoom.
Never ever establish it through a service like LegalZoom. Pay an attorney $2k-$3k and do it the proper way. Any Silicon Valley lawyer (and investor) will tell you the same thing. Before any investor invests in whatever it is you're doing, they will require you to restructure the entity and issue shares all over again. Intellectual property belonging to the corporation may become another issue (I've heard some horror stories about this; make sure you transfer all IP to the corporation). This will end up costing more than if you had done it the right way in the beginning. I've even heard stories about people incorporating through LegalZoom and never actually issuing stock to anyone.
Also, there is a reason for incorporating in Delaware. Delaware's General Corporation Law is very flexible and is the most favored by businesses. The court also works better for businesses since your fate is decided by a judge rather than a jury. Other advantages include some tax advantages, a cheap filing fee, and privacy laws for executives and directors.
What you describe here sounds like dark pools[1].
Derivatives in that sense are used to add some leverage on a bet and are known for their high risk, compared to the risk in directly owning their underlying equity securities. They aren't directly related to the underlying (same idea in calculus: y = f(x) ≠ dy/dx). I don't see how this adds additional risk in addition to the risk associated directly with owning Facebook stock.
While this technically is a derivative (underlying is Facebook stock), I think using the term "Facebook derivative" is a bit misleading.
http://images.apple.com/macbookair/images/specs_flashdrive_2...
USB drive with Mac OS X?