2,527 karma · joined March 23, 2008
email: colin.plamondon@gmail.com twitter: http://twitter.com/colinplamondon
The old glowing keyhole was dramatically better- OP might want to take a look at merging the two, with the new box design and the old glow, to help this stand out more.
Even examples of "web with native wrapper" apps, like Facebook and OkCupid, are dramatically, dramatically worse than best of breed native apps.
A startup is something you fully commit to until you're convinced you tried every reasonable permutation in a scalable market opportunity.
The average startup takes 7 years to get to liquidity. That's 2,520 days. You got one day in before throwing in the towel.
Even if the guy couldn't explain it on stage, it sounds awesome, definite pain point we see, and I'd love to sign up for it.
Step 1) Throw out 87% of applications randomly. Step 2) Select based on quality. Step 3) Profit?
Compare that to a quality-selected accelerator:
Step 1) Select based on quality. Step 2) Profit!
A race-based accelerator will only outperform a quality-selected accelerator if there's a race that inherently, innately outperforms all other races. Science has pretty well debunked that one.
As to #2, you'd have to be really, really, really stupid to go with a niche accelerator that no one's ever heard of IF given the option of going with YC or TS.
NewMe could barely get a mention in TechCrunch, and, when they did, the social entrepreneurship side story beat out the "here are our awesome companies!" story.
Taking part in a race-selected accelerator, instead of a quality-selected accelerator, reflects badly. "If their product is so good, why couldn't they get into YC or TechStars?".
If they require a phone number for activation, that's straight up annoying to everyone, and a terrible way to make money. If they just ask for the number, you can enter a fake, no harm, no foul
Selling 5% of your total shares for $3,000,000 sets you up well for life. Not great, but well. At 4% interest that's $120k/year. After that, it's gravy.
It's not rocket science- just time consuming.
Most great philanthropists only dive in in their 50's and 60's.
Elon Musk started a mapping site in his 20's, which put him in position for PayPal, which gave him the capital to launch rockets into space.
If more people focused on making money in their 20's, real money, scalable money, there'd be more shoot for the stars entrepreneurs in their 30's and 40's, and more world class philanthropists in their 50's and 60's.
That's when cloners come in and beat the living daylights out of them by copying and improving upon their innovation.
There's a fantastic book on this, 'Copycats':
http://www.amazon.com/Copycats-Smart-Companies-Imitation-Str...
Incredibly well-written for a HBS book, lots of solid case studies, and some interesting research into the nitty gritty numbers behind innovation vs imitation.
Americans are usually more ambitious than Italians.
Kenyans are usually more upbeat than Bolivians.
Spaniards usually spend more time with family than Brits.
After 9/11 there were enormous structural issues with the world order that made it easier for terrorist groups to proliferate. That's why the Treasury Secretary was in all the initial planning meetings- there were two prongs to our response, one financial, one military.
The military one was an unmitigated clusterfuck.
The financial one was a rousing success. We forced the world to tighten financial controls, largely ended anonymous banking, seized huge quantities of terrorist funds, and made it really, really hard for the people trying to kill us to get money and to move money around.
There was a financial War on Terror, and we won it. Just because the military side went so badly doesn't meant there wasn't a real threat.
Coming to an expensive first world country with $600 for 2 weeks is pretty clearly sketchy.
CBPs make wrong decisions sometimes. This wasn't one of those times.
Thanks for playing.
From their email:
"A few weeks before we start flying we'll begin selling subscriptions. We will be rewarding our earliest supporters (the first 500), and those who recruit the most friends to PlaneRed with $150/month all-you-can-fly pricing. Obviously, the number of subscriptions we can sell at that price are pretty limited. So please - tell your friends to ensure that you get one!"