I wish the site admins would place a clear written policy against these and other personal attacks next to every comment box.
60 karma · joined March 8, 2013
I wish the site admins would place a clear written policy against these and other personal attacks next to every comment box.
The normal way for start founders to receive equity, is only from one or more of these 3 things:
- For hours worked, based on the vesting and usually the hours must be beyond the cliff or you get nothing.
- If you built a crucial part of the IP that the company needs to buy from you with equity.
- Cash invested up front - less common.
He fulfilled none of those. Not even close to being a cofounder. Ideas aren't included among those.
There's a child-like expectation that once the deal is signed or agreement is made that it's over. It never is, that's just the beginning. If you're expecting that everything is finalized as soon as an agreement is made, regardless of the conditions, then you're simply bad at business and taking risks that you haven't yet realized.
(Of course this isn't true in Europe. They love taking contracts extremely literally, and their economies suffer enormously for it.)
Perhaps all that's needed is more high-visibility guidelines like what YC is doing now. Perhaps we need better platform for evaluating investors from the founders perspective, instead of networks that really only care about evaluating startups.
Either way, the situation seems to be getting worse, with the continued explosion of accelerator programs around the world. I hope we find an effective solution.
Sad that some investors are so manipulative.
I used to live in a state that many went to college in, but none of those stayed after graduation.
There're a lot of silly myths about investment software on hacker news / reddit. Truth is that the code is usually much more hastily written, but with more tests or redundant systems implemented to cross validate results.
The idea that precise decimal types will be used throughout the systems is a bit silly. All the data typically will be going though off the shelf machine learning models, all of which just used plain floating types.
http://en.wikipedia.org/wiki/Design_thinking
and I'm not too sure what that phrase really means either.
Here's my rule for web app design: 90% of the page, by area, should be somehow derived from the app's dynamic content, versus static filler content from the designer, no matter how pretty the filler is.
Second rule: Designers, stop calling your OWN apps sexy or beautiful. Would you walk up to someone that you just met, and tell them that you're beautiful while they're looking directly at you? What the f## are you designers thinking?
Certain cities have a extremely bi-modal distributions of pricing. I.e. they can support both the "broke artist" lifestyle, and the "upper middle class" lifestyle. Two separate cost distributions. If you try to take the mean or median of these cities, you'll end up either arbitrarily landing on one of the distributions, or a nonsense number in the middle.
A good example is Manhattan. For example, pizza can actually be cheaper in Manhattan than Sofia. In Manhattan, the broke artist lifestyle of living with multiple roommates who barely know each other, all sharing a rent controlled apartment for a few hundred dollars a month is more socially acceptable and much more common. Just taking prices from the realtor-controlled apartment websites is a poor reflection of reality. Almost no one except the richer consultants bothers with a full-time coworking desk in either city. In this case, Manhattan can actually cost less than Sofia.
So, I think the "broke artist" price distributions would better reflect what a remote working nomad would be looking for, instead of the "upper middle class" prices.
For example, does it really differentiate between people who ask for votes, and people who just vote up the content of someone they recognize?
It feels like we're on the verge of slowly evolving a new human-computer communication language. Definitely within the next 20 years it will happen. Not just a list of instructions or model descriptions like programming languages are, for example you can't translate an arbitrary Engish sentence into a programming language. No, I think this time we're watching a full language, in the linguistic sense, evolve in front of us.
Of course, search engines will also have to evolve beyond the "do-know-go" communication types that they're married to now, to get to the next stage.
https://blockchain.info/charts/hash-rate
The miners, never, stop. Completely disconnected from the market pricing.
Anyway thanks for bringing original content back to HN. Anyone know if there's a demo page for this library?
Hmm, seems like I'm being all talk. I'll just put my demo online, within the next couple weeks.
No one knows what will happen, even if they claim they do. The options aren't only "know it will go up" or "know it will go down". That was my point that you were so dismissive of.
I'm most impressed by the very smart man who is able to say "I just don't know". Book smart people you'll meet will usually reduce their world down to just 2 options: good or bad, will succeed or will fail. Where's the 3rd option? -- unknown, unknowable, we will see, no emotions because I just don't know.
Admittedly, for most of my life I was never able to find a reason to believe that this 3rd option is a real thing. I always felt that "unknown" is just a temporary placeholder and that the answer is always really there, somewhere, if you're smart enough to see it. Never in all of my schooling was "unknowable and there's nothing we can do to find out" a legitimate answer.
Well, I'm not telling anyone how to think. I'm just fascinated that some people think in these 2 modes, and some in 3.
Lately I've been using this topic as my "VC test" to decide what VCs I want to work with in my company's next round of investment, and my startup has nothing at all to do with cryptocoins :-)
Most people try to squeeze their mental model of what cryptocoins are into something like a currency, but there are really interesting equity / p2p database aspects too.