However, it's awesome to think that I will now think of his legacy whenever I refresh my email, because he made something that I use every day. I think that's what we all hope for here at Hacker News.
107 karma · joined October 9, 2010
However, it's awesome to think that I will now think of his legacy whenever I refresh my email, because he made something that I use every day. I think that's what we all hope for here at Hacker News.
I love the built-in SSL. --My only real concern, and I'm sure reviewing the docs further will help me understand more, is how I mirror users on my app so that I don't have to query the REST API for user accounts.-- EDIT: Looks like it's automatic. Even cooler.
Totally exciting though, and I like the choice of place.
If you don't know anyone, the best way to get intros is to do an incubator program. Regardless, people there are generally very nice and most will make intros pretty easily. But to do a 3-5 day blitz is extremely difficult even for people with huge rolodexes; especially if you're raising from VCs as the followup cycle can include up to a half-dozen meetings. And not meeting in person on those can hurt you because VCs care most about team. I would say AngelList is probably your best bet for that quick of a blitz, but it's probably best to budget a week and a half or more.
> Also many new and unproven companies raise amazing amounts of money, for, at least seen from the outside, downright silly business proposals (share your credit card expenses, anyone?).
Judging by the current climate in SV, I can safely say that silly businesses are not still not really getting funded. Blippy for example was forced to pivot. Investors are still looking for businesses that are either going to make lots of money now, or engage lots of people and make lots of money later. Many people outside SV scoff at the 2nd clause, but with 1B people online and 3B cellphones in the world, and instant distribution channels like the App Store, it's not so absurd. Just as a general rule, if you see something seemingly stupid get funded, they probably have something else going for them -- crazy traction, awesome customers, or past entrepreneurs as founders.
> Apart from the valuations...taking huge amounts of money "off the table" in subsequent funding rounds.
It's true that a huge amount of the raised money went to the execs, but that stock was sold, at the established price, by the "executive officers, directors or promoters" in question - one could argue, [as Andrew Mason himself does](http://www.businessinsider.com/groupon-ceo-andrew-mason-tell...), that it was an intentional way to get early liquidity. Obviously that price has now gone up; it was their choice to sell. Founders often argue that raking back is a good thing because it prevents people from needing to sell perfectly good businesses to get liquidity. Just playing devil's advocate.
But now, FB or Google employees are like, wow, that was awesome, let's do it again. I think the startup scene is more mature now and that reinvestment is more likely to happen outside of SV now -- the key difference is that startups are more stable, wiser, far leaner, and more `cool' now, so it's seen as an actually "safe" bet to re-invest. I know if I ever had a win that's exactly what I would do, in fact being able to re-invest is a lot of my motivation for being a founder.
No, I definitely wouldn't say angelPad is less hacker-oriented. It just means their 'market niche' is more about experienced individuals, with some work experience at startups, etc. Of course, our class (I was in W11) had both experienced people who were on the scale of Product Manager at Youtube to just great coders. AngelPad is like an older, wiser YC that seemed to seek to build companies with slightly bigger ideas than YC, focused on more hands-on mentorship.
You know, I kind of like that we have this aversion. If the Internet is the first true global common space, the open source 'movement' is one of the coolest things we've ever done as humans let alone software developers.
Not to drink the Koolaid too much. Just think about it, is my point.
It was very applicable and actionable advice.
edit: perhaps this seems naive, but please keep in mind I'm only asking about this one small segment.
I've never seen that happen, and nearly every app in my full Springboard is also in the double-tap app switcher.