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immad

4,336 karma · joined February 23, 2007

startup: Mercury.com - banking stack for Startups

twitter: twitter.com/immad

Previous YC09 startup: http://www.heyzap.com (acquired)

YC Badge: 0x81827d911cfa2e5e03833e1a0c29becf0c896b23

submissionscomments
immad··on Snap Inc. Third Quarter 2017 Results
You make it sound like Snap is a failure.

It is worth $16b even after the affect of this earnings report.

Facebook might have slowed their growth but they did make a huge company before they were slowed down.

immad··on Ask HN: Who is hiring? (November 2017)
Mercury | Founding team backend + frontend Software Engineer | San Francisco, CA | Full-time, ONSITE

Mercury is a stealth fin-tech startup. We are currently 4 people (2 engineers, 1 designer, 1 BD/Ops) but have raised $6m from a tier A VC. We are looking to grow our team and add founding engineers.

This is my 4th company. My previous company, Heyzap, was YC09, was funded by USV+Qualcomm and was acquired for $45m last year.

Sorry for the stealthiness happy to go in to way more details on a call.

Our backend will be in Haskell, frontend React/Redux/Typescript/iOS/Android. I like generalist engineers and happy to hire smart people that are willing to learn.

Backend job posting with more data: https://www.mercury.co/jobs/backend_engineer.md

Frontend job posting with more data: https://www.mercury.co/jobs/frontend_engineer.md

My email in profile or email jobs AT mercury DOT co.

immad··on The Evolving Economics of Bitcoin, Gold and Fiat Currencies
Bitcoin is valued at $110b with 16.66m mined out of 21m. So ~80% mined [1]

1 - https://coinmarketcap.com/currencies/bitcoin/

immad··on 'Anemic' iPhone 8 demand drags Apple shares lower
Apple Stock is up 34% in the last year [1].

Its only over the last 2 months that it is very slightly down or flat.

Seems like iPhone 8/X was already priced in the stock and its going mostly as expected.

[1] https://www.google.com/search?q=apple+stock

immad··on Ask HN: Who is hiring? (October 2017)
Mercury | Founding team designer | SF| Full-time, ONSITE

Mercury is a stealth fin-tech startup. We are currently 3 people (2 engineers, 1 BD/Ops) but have raised $6m from a tier A VC. We are looking to grow our team and add a designer.

This is my 4th company. My previous company, Heyzap, was YC09, was funded by USV+Qualcomm and was acquired for $45m last year.

Sorry for the stealthiness happy to go in to way more details on a call.

We are looking for someone who is good at taking large amounts of information and showing it in a concise/friendly way. Mostly Photoshop/Sketch work but if they can do HTML/CSS thats good too

My email in profile or email jobs AT mercury DOT co.

immad··on Ask HN: Who is hiring? (October 2017)
Mercury | Founding team Software Engineer | SF| Full-time, ONSITE

Mercury is a stealth fin-tech startup. We are currently 3 people (2 engineers, 1 BD/Ops) but have raised $6m from a tier A VC. We are looking to grow our team and add founding engineers.

This is my 4th company. My previous company, Heyzap, was YC09, was funded by USV+Qualcomm and was acquired for $45m last year.

Sorry for the stealthiness happy to go in to way more details on a call.

Our backend will be in Go, frontend React/iOS/Android. I like generalist engineers and happy to hire smart people that are willing to learn.

My email in profile or email jobs AT mercury DOT co.

immad··on Ask HN: Sell my startup for $14M because I can't raise $2M?
I also extend the same offer as Leo. Email in my profile.

If you can get a $14m acq offer you can almost certainly get funding if the market is big.

immad··on France, Germany, Italy, Spain seek to base taxes on digital giants' revenues
If you have headquarters in California you pay tax here as well as a bit in Delaware

The reason to register in Delaware is because of business friendly courts there. I don't believe there is a tax advantage

immad··on Filecoin Breaks Record for ICO Funding
What does "and then nothing" mean?

Not every investment will succeed which is the point of risky startup investment. And USV has an incredible amount of success (Twitter, Kickstarter, Cloudflare etc)

immad··on Facebook Figured Out My Family Secrets, and It Won't Tell Me How
This seems like a fairly obvious and good explanation.

Also one of the other relatives could have since joined Facebook to make this a little simpler.

immad··on Redis on Acid: 0.5M ops/sec, 1ms latency and ACID compliance
Redis won't function till it has loaded all data from disk to memory. So if your webapp doesn't have too much data then possibly.

Also since Redis is memory backed you need more RAM then data. This can get very costly.

Another annoyance is that Redis is single process single threaded so you really have to avoid running long running queries unless you do extensive manual sharding.

(Disclaimer: it's been a few years since I had to think about these constraints so maybe some are removed in more recent versions of Redis)

immad··on Filecoin: A Decentralized Storage Network [pdf]
Basically the same reason that bitcoin mining is becoming centralized by a small set of miners in China.

At least there is a benefit to being close to the requestor in terms of bandwidth/latency so as long as the network rewards that storage should be more decentralized than mining.

immad··on CoinDash’s ICO Website Has Been Hacked
Yes, Ether has $1.5bn in trading volume for the last 24 hours [1].

1: http://coinmarketcap.com

immad··on FCC Takes Stronger Aim at Robocalls
I get mostly pharmacy products and vacation deals
immad··on Show HN: Very basic blockchain-free cryptocurrency PoC in Python
Per block or per day is the same thing. Also better to look at it on a day level since transactions+fees vary throughout the day
immad··on Show HN: Very basic blockchain-free cryptocurrency PoC in Python
Number of new Bitcoins a day: 2063 [1] Transaction fees in Bitcoin: 272 [2]

So transaction fees are not insignificant.

1: https://blockchain.info/charts/total-bitcoins July 6th data 2: https://blockchain.info/charts/transaction-fees July 6th data

immad··on Instagram Is Becoming Facebook’s Next Facebook
Ads over time extract profit margins from all other industries. For example at least 50% of all profits from mobile games are spent on acquiring users from ads.
immad··on Ask Jessica Livingston: If Founders at Work were written today, who'd be in it?
JustinTV was winter 07. Dropbox and Disqus were summer 07

The cloundant you are thinking of was much later. The S07 cloudant sold their domain

(I was in S07)

immad··on Inside the New York Public Library's Last, Secret Apartments
I think he is referring to ebooks
immad··on Expect Some Unicorns to Lose Their Horns, and It Won’t Be Pretty
Basically anyone at or near profitability can weather most storms
immad··on Mark Zuckerberg Will Take Two Months Off from Facebook for Paternity Leave
He is probably busier than the average FB employee.
immad··on Introducing the Shift Card: Use Bitcoin where Visa is accepted
They do output an early tax document.
immad··on Fidelity Devalues Stake in Blue Bottle, Dataminr, Zenefits Following Snapchat
Given the size of investment they probably get access to quarterly company accounts.
immad··on Avago to buy Broadcom for $37B in biggest-ever chip deal
It is extremely disappointing that this is the top comment on Hacker News.
immad··on Facebook Is Shutting Down Its API for Giving Your Friends’ Data to Apps
They launched anonymous login buttons, but its in beta: https://developers.facebook.com/products/anonymous-login
immad··on The Future of Mobile App Dev – Q&A with Heyzap, Firebase, Apportable, Optimizely
From the panel it seemed like ReactNative was the best hope for that right now. See http://www.reactnative.com/
immad··on Stripe Fund Invests $500,000 in Baremetrics
Facebook did the same thing with FB Fund
immad··on AirType
Ideally it would make writing on a tablet as good as writing on a normal keyboard.
immad··on Marin Software acquires Perfect Audience (YC S11) for $25.5M
Ben Horowitz has a good blog post about this subject: http://www.bhorowitz.com/should_you_sell_your_company.

> So, the judgment that you have to make is a) is this market really much bigger (more than an order of magnitude) than has been exploited to date? b) Are we going to be number 1? If the answer to either a) or b) is no, then you should consider selling. If the answers to both are yes, then selling would literally mean selling yourself and your employees short.

immad··on Amazon Is Downloading Apps From Google Play and Inspecting Them
Couldn't they just look at the user agent and know that the hit to their API is coming from an Android device rather than a server?
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