Gross profit, operating profit or net profit?
If you mean the latter please show us some examples of public cos with a 90% net profit margin. I don’t think there are many.
24 karma · joined April 12, 2011
If you mean the latter please show us some examples of public cos with a 90% net profit margin. I don’t think there are many.
We were lucky enough to be able to bootstrap some things with the Mono/Xamarin .NET implementation. Initially we created an interpreter but then created a full JIT compiler. It was not easy, to say the least, getting things to work on that platform.
What also didn’t help was the level of support we got from Symbian/Nokia; our project/startup was mostly met with indifference. By the time we had a viable, mostly functioning .NET Compact Framework v2 running the writing was on the wall vs iPhone.
And yes, it probably points to a major problem with a small company developing critical framework or tool components when the codebase isn’t participating in an open source license.
There were many mistakes made along the way, in retrospect.
As a matter of interest, what did you do on the CF team?
It was a venture-backed startup out of Johannesburg, South Africa.
Although we wrote the runtime ourselves, we made extensive use of some of the mono libraries until we were able to rewrite most of these optimized for Symbian.
[1] https://web.archive.org/web/20100112091803/http://www.redfiv...
Bear in mind that these projects are often not funded through traditional means and ergo are more risky.
Yes, country of nationality does make a difference to DV lottery.
I'm trying to compare it to the potential upside of any immigrant category. Entrepreneurs present some downside, but no more than any other visa/immigrant category. One heck of a lot more upside though, IMO.
E2 absolutely agree it just feels like deferring the problem to a later date. A lot of exposure for not as much in return.
I think the bottom line is you don't need to be in the US as much as you needed to before, given your track record. Here the US should need/want you more than the other way round.
L-1A is probably quite doable though and it's dual intent. You need to wait a year, but that may have passed already anyway.
Completely understand if you couldn't be bothered at this point though. What a loss for the US.
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Not that there is anything wrong with that, but the article feels lopsided without any insight into his supplementation.
The difficulty you encountered during what I would have thought should be a routine L-1 is most concerning & perplexing. I really never understand this point - more than a million new green cards were issued in 2012 [1] but you can't even easily get a temporary work visa.
To make matters worse every year 50K new green cards are issued to completely random people, I mean it's a lottery after all [2]. Why does the US want to hand out residency en masse and then stop people who can create jobs and grow the economy? As an outsider looking in I would think you're getting the worst of both outcomes.
I don't believe there is a good answer. Regrettably decision making has become so paralyzed in the US Congress and Senate and the whole machine only exists to serve itself.
[1] - http://www.voanews.com/content/us-issues-million-green-cards... [2] - http://en.wikipedia.org/wiki/Diversity_Immigrant_Visa
Edit: references
Why should he prove someone else couldn't do that job? They probably could, but he can do it better and it's his money/equity after all.
Of all the times it's happened to me, I've actually completed one breathylzer test (it was zero).
It's borderline harassment at best, at worst solicitation of a bribe. I always ask, "what caused you to stop me or aroused your suspicions that I have been drinking?" and I never get an answer.
Good point RE social stigma attached to this, but IMO it's simply a reflection of the penalty most territories attach to physical theft compared to virtual. The latter is also a lot easier to perpetrate.
I can't cite evidence immediately, but it's fairly accepted that length of jail terms influence per-capita crime rates of most crime types.
Better executive talent, great engineering talent (but perhaps expensive given demand), plenty of VCs, angels etc & importantly, exit opportunities. As another commenter mentioned, the sheer amount of successes (in the Valley especially) isn't coincidence.
The Startup Visa initiative is a great idea, but is that ever going to happen? The current US immigration system is an extremely good filter at keeping generally law-abiding entrepreneurs out, but letting in the exact kind of individuals it purports to protect the US from.
If you're going to keep potential job-creators out in this economy, why let anyone in?
Thanks for your feedback.