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iamchmod

796 karma · joined October 5, 2010

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iamchmod··on User friendly way to see all satellites in orbit
the "birds" in a straight line are Starlinks traveling to where they need to be prior to going "live"
iamchmod··on Amphetamine use in America's workforce
This is a fun article about provigil - http://www.thedailybeast.com/articles/2015/05/27/silicon-val...
iamchmod··on The startup that’s making a big, expensive bet on a Super Bowl ad this year
Tim Arnold pointed to one such success: his own advertisement for GoDaddy.com in the 2005 Super Bowl. The ad generated 5 million Web hits in 48 hours and doubled the company’s market share in the months that followed. Writes Arnold, “It was an outrageous spot that arguably stayed on the right side of the line of good taste and political impropriety. Viewers gave it mixed reviews, but GoDaddy’s business went through the roof as a result of it.” http://www.adweek.com/news/advertising-branding/super-bowl-a...
iamchmod··on Lumosity fined $2M for deceptive ads of “Brain Training” app
FTC puts proceeds of settlement into a "consumer restitution" or "consumer redress" fund. Consumers who were affected by the bad actors, can claim their money back via a separate company which administers that fund. After a period of time, once all affected customers have had time to claim their restitution (usually 12-24 months), then any remaining money left in the "redress" or "restitution" fund goes into the FTCs coffers. I can't quickly find stats on what percentage is usually claimed by consumers. But last time I researched this, it was pretty low with something like <10% of affected consumers actually claiming their restitution and 90% going back into FTC budget.
iamchmod··on Square files for IPO
https://en.wikipedia.org/wiki/Steve_Jobs Apple & Pixar
iamchmod··on Ask HN: SaaS tools for building 100 person sales center?
I ended up adding this question to Quora too where there seem to be more applicable responses/feedback

https://www.quora.com/A-company-that-I-have-an-investment-in...

iamchmod··on The most profitable source of income for banks? Overdraft fees
I'm really not sure why this is news. It's been covered all the web previously that banks make a lot of their net profit from overdraft fees. Here's a couple recent articles: http://www.fool.com/investing/general/2015/06/17/bank-of-ame... http://247wallst.com/banking-finance/2015/06/17/banks-making...
iamchmod··on Tron-Club, a monthly circuit-building kit
Do you think this would be a good birthday present for 9 year old? Or is it too challenging for that age range?
iamchmod··on Sleuthing Search Engine: Even Better Than Google?
where can I download it?
iamchmod··on LendingClub Files for $500M IPO
I agree - the notion that LendingClub is P2P is mostly PR hype. Sure an individual can put some capital to work. But most of their capital as pointed out above comes from institutions (mostly hedge funds). I had heard that 95% of their capital was institutional but I can't find a quote on that. P2P gets fantastic press tho and which in turn drives down new borrower acquisition cost.
iamchmod··on Square Begins Offering Data Driven Cash Advances to Small Businesses
Forbes.com 4/21/2014 @ 10:59AM - "Why Square Needs To Sell Itself--And Do It Quickly" http://www.forbes.com/sites/stevenbertoni/2014/04/21/why-squ...
iamchmod··on Poll: Were you banned by AdSense? When in the cycle were you notified?
This was back in 2008, we were banned from adsense and lost $120k (1.5 months of revenue).
iamchmod··on Joint Statement Regarding the Insolvency of Mt. Gox
Wow! I can see a misguided politician already saying something like "Maybe all bitcoin exchanges/wallets/etc need money transmitter licenses or FDIC insurance"
iamchmod··on Banking Startup Simple Acquired for $117M, Will Continue to Operate Separately
Simple was/is a dressed up version of a prepaid debit card with a good mobile app and a good web ux. Typically prepaid cards net $1-$4 per active user per month depending on the level of fees. An active user is someone that has loaded cash onto the card. So if Simple had 100,000 customer which could translate into 100,000 loaded cards, its gross revenues would be between $100K-$500k per month (1.2-6m per year). My guess is the 100K number is simply customers that ever signed up for it and that their active accounts (loaded cards is much much lower). Kudos to the Simple board, investor and team - selling at that sort of price is unbelievable. I would happily work with any investor who could help me get that sort of valuation for my companies.
iamchmod··on Show HN: A search engine that lets you 'add' words as vectors
I thought this one was good "Stanford - Red + Smart" = Berkeley
iamchmod··on Ask HN: Your best passive income sources?
I second the Single family rentals (SFRs). Follow the 12% rule which is that the house HAS to rent on an annual basis for at least 12% of purchase price. For example a $100K house has to rent for at least $12K per year ($1000/month). So put 20% down ($20K), get a 30 year fixed for $80K. Your expenses on monthly basis are mortgage + prop tax + prop manager + prop insurance = $500-$600. Rental income = $1000 per month. So you clear $400-$500 per month ($4800-6000/year) per rental property. With 20% down ($20K), that's a ROI of right around 20% before any property appreciation. Note: I didn't include closing costs which fluctuate a fair bit depending on lender and where the property is.
iamchmod··on Ask HN: How did Ross William Ulbricht get caught?
Best description found so far: http://www.bbc.co.uk/news/technology-24371894
iamchmod··on How I made money with TeeSpring
I made two just for fun: http://teespring.com/football and http://teespring.com/starwars - note my good urls, not sure that teespring has enough SEO for that to matter tho...
iamchmod··on Ask HN: Is there a way to create prepaid credit cards via API?
They don't publish their api publicly but I believe they have capacity to do so - http://redwoodhfg.com
iamchmod··on Ask HN: Who launched something in August?
http://www.moderncashprepaid.com - launched last week
iamchmod··on Ask HN: Apart from Hacker News, what else you read?
Anything Neal Asher writes "Gridlinked", "The Skinner", "Line War"
iamchmod··on Ask HN: Best way to generate recurring income
There are tons of ebook money plans/schemes - go hunt around blackhatworld.com and read some of the threads there. Some are nonsense and some are legit.
iamchmod··on Ask HN: Tips for a new dad?
1) Buy her gourmet cupcakes

2) Listen to her

3) Help where appropriate - know your skill sets

4) Learn a new skill set to help (diapering/bottling etc)

5) Buy her more gourmet cupcakes

iamchmod··on FTC: How to be wise about use of Wi-Fi Networks
The press release is referencing this FTC site: http://www.onguardonline.gov/topics/hotspots.aspx
iamchmod··on Ask HN: My app's been copied. What do I do?
Lawyer up if the app is valuable - eg has the potential to make you over 100K, if its worth less than that, send a nastygram and move on to better apps.
iamchmod··on How Americans Get Out of Credit Card Debt
I wonder how many people that declare bankruptcy own a big flat screen TV with a DirectTV subscription with at least one premium package (Showtime, HBO, etc)?
iamchmod··on Ask HN: my startup got acquisition interest, what's next?
Get an outsider who can give you concrete unbiased advice on your process. An attorney is ok, but generally an investment banker who specializes in your size company is best. See the threads listed in previous comment.
iamchmod··on Pawn for the soul: Use your bling as collateral
trying to make online pawn sexy... jeez
iamchmod··on Over 700 million push notifications served by boxcar
If you were in their shoes what would you do to prevent this from happening? eg what would they need to build/develop etc?
iamchmod··on Cracking the Scratch Lottery Code
I wish I were smart enough to figure out cool statistical problems like he is.
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