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jriley

418 karma · joined December 2, 2010

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jriley··on Nobody’s going to steal your idea
On related note, I let fear of plagiarism be an excuse not to publish content to blogs. I've since found free tools (i.e. Copyscape) that help protect content creators.
jriley··on How to find a marketing person?
My feedback: 1) You could narrow down needs. Imagine how hiring a "tech person" to build a cloud service is too broad.

2) Read about marketing people with technical skills to understand what they do. Decent but dated example: http://okdork.com/2010/10/14/how-mint-beat-wesabe/ Many other examples blur lines too (patio11, SEOMoz, etc)

3) Couldn't tell if they had investors but that might be a source too. As hackers can find hackers, I bet investors can find marketers.

4) Find a successful competitor who filled the position. Write a job description based on that person's bio.

5) Consider trying out a contractor or consultant first. If having that person in the office would destroy culture, maybe you don't need them.

jriley··on Trading Program Ran Amok, With No ‘Off’ Switch
Good insight.

Made me wonder what would happen to volume if markets were open 24/7...but I'll leave that thought for another day.

jriley··on Trading Program Ran Amok, With No ‘Off’ Switch
Thanks for link. Given your experience, do you have any thoughts about a small circuit-breaker on every security that trips for, say any 3-standard deviation event?

In a quick Google search, it seems circuit breakers do not kick in for first 15 minutes of trading: http://www.nytimes.com/2012/08/02/business/unusual-volume-ro...

jriley··on Newest U.S. Counterterrorism Strategy: Trolling
They are implementing the SNL skit where Mayor Giuliani fights graffiti by adding "sucks" right under it.

http://www.hulu.com/watch/277719

jriley··on Why I’m betting my retirement on Facebook stock today
This struck me: "Even if you didn’t click on the Like button, Facebook probably has a pretty good idea of what your next purchase will be."

I imagine the people best able to predict my next purchase issued my debit card, no?

jriley··on Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
I would add:

1) Pay can be high with win/lose stakes

2) Different pay models (contingency)

jriley··on My application to intern at foursquare
Great initiative; hope you get the internship. I showed it to a friend who hires ~5 interns per summer in Austin (more communication / consulting, less technology) and she loved it.

Good luck!

jriley··on Did You Hear We Got Osama?
I tend to agree but offer this quote from CNBC / Becky Quick:

"Buffett generally reads five newspapers a day -- the Journal, the Financial Times, the New York Times, USA Today and the Omaha World-Herald. Make that six -- he reads the American Banker every day too."

jriley··on How To Crash A Party
I've seen it work for him in person in Austin about 7 years ago. I think (some) local entrepreneurs value his gusto. His reasons seem different than party crashers from DC, he just does extraordinary things to be able to talk to successful people.

That said, most people will not be able to replicate.

jriley··on Why do we pay sales commissions?
The most effective sales quota scheme in my corporate experience: 10% higher sales than your last quarter.

There are many more complicated systems, but this one was very difficult to game.

jriley··on Startup escape path
Me too; good advice.

My two cents: Remember contracting is a decent bridge / fallback; maintain corporate relationships.

Get a revenue problem - multiple friends failed by obsessing over business structure.

Change attitude on risk/analysis; corporate often analyzes how things can fail while many successful entrepreneurs take uncertain gambles and pivot.

jriley··on Tell HN: How to get back at your start-up husband
Congrats. My answers below; just celebrated year one of self employment. Often doesn't feel like I imagined.

Why started: 1) Age: Start now or never 2) Independence: Prove I could scratch out my own living 3) HN: Seemed possible

Happiest: 1) Any "go live" part of projects 2) First inbound wire transfer 3) Meeting interesting people and so much free help 4) Running errands mid-day without crowds 5) Being available for family 6) Realizing survived a year; feels like experiment worked

jriley··on Why Do So Many Gifted Kids Think They Don't like Math?
Gifted kids need to see gifted adults using "story problems" in real life.

If kids see how math is needed to trade in Chicago, to gamble in Vegas, to optimize at Google or to solve the German tank problem kids will want to know more.

I remember every guest speaker in K-12 math classes -- only about one per year. And I'm probably exposed to more math from HN links than I was as a non-technical undergrad.

jriley··on Can TTAGG Create Stock Market Alpha?
Also consider managing a portfolio on www.covestor.com to both profit from your work and build a public track record.
jriley··on Ask HN: How scared should a new grad be of the possible economic downturn?
Stay productive. Use resources at your university recruiting office now; you are paying for it. Higher pay will come later with reputation and quality work. I don't know about being a foreign student but you are likely better off than most:

According to WSJ, the unemployment rate for computer programmers (5.7%) is much lower than many professions, such as construction workers (~20%).

According to BLS, the unemployment rate for college grads is 5.4%; for Master's is 4%.

Sources: http://online.wsj.com/article/SB1000142405274870379190457607... http://www.bls.gov/emp/ep_chart_001.htm

jriley··on Team Leadership.
The best course is likely an executive education program with your peers.

Most helpful book to me has been the Gallup research detailed in "12" or "First Break All The Rules". Important piece is the twelve principles of job satisfaction/performance: your employees know what's expected of them, have tools to do their job, have a buddy at work, etc.

Could also try Harvard Business Reviews on Leadership. Example: http://www.amazon.com/HBRs-Must-Reads-Leadership-ebook/dp/B0...

Or blogs: http://www.realsoftwaredevelopment.com/the-one-minute-softwa...

jriley··on Invite HN: SXSW, Small Dinner My House 3/16 7pm
Sorry, going to cancel dinner tonight for lack of response. Hope everyone enjoys SXSW.
jriley··on Invite HN: SXSW, Small Dinner My House 3/16 7pm
Excellent - we might also have a house across from the Hilton downtown to use. Will keep this thread updated.
jriley··on Thanks HN: Goodbye, Golden Handcuffs (updated)
Don't want to give away the farm yet.. I'll say broadly it's professional services. It's an obscure niche full of NDAs, a culmination of my past jobs in different industries. Will share more as I can. Sorry for lack of specifics.
jriley··on Thanks HN: Goodbye, Golden Handcuffs (updated)
Based in Austin, TX... if anyone's around for SXSW I'd be happy to meet up.
jriley··on Thanks HN: Goodbye, Golden Handcuffs (updated)
Yes (thus the delay in my response). I hired in two groups between weeks 5 and 7, and have since had 1 person leave. One of the employees is a manager.

FWIW, in Corporate America the most people I managed was 4 contractors. I'm aware of an entrepreneur in another state who has ramped to 500+ employees in less than a year.. that's way too fast for my style.

jriley··on Thanks HN: Goodbye, Golden Handcuffs
Thanks, no blog yet. Plan to start and post as I learn (Austin places to work/meet, local grants and SBA loans, best library for tech books, etc).
jriley··on Thanks HN: Goodbye, Golden Handcuffs
Living Fat = 3 months, Living Lean = 12+ months. I'll use my 401k but not Roth IRA. Also have some equity/cashflow from a duplex that helps. FWIW, I woke up this morning feeling great on 4 hrs sleep and not worried about money at all - the prior six months mornings were filled with worry and dread.
jriley··on Thanks HN: Goodbye, Golden Handcuffs
The original project exists in working order and my partners agreed to let me buy their share. I'll be building out v2 as we designed. We all took 2 weeks off in 2007 to build it, launched it, and hardly ever touched it again. v2 carries it to iPhone, iPad and starts marketing it.

If I have ambition after that I've got a few quick ideas (a short e-book on an area I've developed expertise, an obscure niche how-to site, fixing up my rental property, etc).

jriley··on Thanks HN: Goodbye, Golden Handcuffs
Appreciate it. I'm actually in Austin though, and eager to meet some like-minded folks. I'll be checking out the local bootstrap chapter to start.
jriley··on Thanks HN: Goodbye, Golden Handcuffs
Yes, just created this account. I never posted on the old account, just read.
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