2,083 karma · joined October 16, 2011
I'm curious what the HN crowd thinks – has mobile social video peaked, or has it just not been done well enough yet?
1. http://i.imgur.com/ncvPr.png 2. http://www.businessinsider.com/viddy-series-b-terms-2012-5
If you take time to learn programming first, you may miss the current window of relatively easy seed money. Think of an angle, use $40-50K of your nest egg, and get a contractor to build a nice prototype quickly.
If/when you do go out to raise money, you'll have far more success if you can tell a convincing story about why you have an unfair advantage in your chosen space. Leverage your history and experience to its fullest; that's something others cannot compete with you on.
A company's revenue per employee is a common benchmark, and is usually around $600K-$1MM or so for successful companies at or near scale, up to $2.2MM for outliers like Apple(1). A company cannot grow to $100MM revenue and higher without having a large number of employees just to manage those revenue streams, partnerships, contracts, and support issues.
I should add that Instagram had ~13 employees, not two. That is a very low number, but mobile apps are easier to scale, support-wise, than web apps – users are just less likely to bug you, especially with a free app.
(1) Comparing Google, Microsoft, Apple and Amazon's Revenue per Employee: http://www.wolframalpha.com/input/?i=revenue+per+employee+ap...
I'd be surprised if the WaPo (or someone else) doesn't step up to take it over.
http://support.google.com/drive/bin/answer.py?hl=en&answ...
I'm in the same boat, having had an 80GB plan for $20/yr for some time now.
1 TB on Amazon S3 = $125/mo (down to $55/mo for 5,000 TB)
Being based on S3, Dropbox is going to have a tough time competing on price.