345 karma · joined October 12, 2009
* Current: Project 2020 (2020.io) whose mission is to become the decade's most impactful new tech platform
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> As a westerner, I find it truly amazing that these systems survive at all.
It shouldn't be amazing, as a Westener, considering slavery was legally allowed and enforced in the West for longer than any alternate authoritarian regime in modern times. Just consider slavery in American from 1776-1865... I can't think of any authoritarian regime that lasted that long... North Korean regime (1948-present), Soviet regime (1917-1989), Chinese regime (1949-present), were/are close but still haven't yet achieved the length of authoritarianism exercised over some arbitrary portion of its populace.
If you saw the recent HBO series on Cheronybl, you can see the pains with which one person is trying to relay the seriousness of the situation without making himself a target, opposition figure, enemy of the state, etc. I also remember hearing that Sadam Hussein underestimated how easily Iraq could be toppled in case of invasion because his military generals were too scared to speak truth.
> "Seeing the homeless gather with their buddies to smoke crack, and loiter all day on some street corner, while living and buying drugs at the taxpayers' expense, while people I know work back-breaking jobs at low wages, strikes me as a total injustice, brought about by people who manipulatively employ the victim narrative to perpetuate the current paradigm."
I think you're painting all homeless people with the same brush which is grossly unfair. The person that you're replying to said she was a military wife, I doubt she is one of these people you're describing that have crack smoking friends or loitering in the street. I assume you live in SF and have generalized all homelessness to what you see in certain parts of SF? The movie Pursuit of Happyness was based on a real-life homeless person based in SF. Sounds like you should watch that ;)
There is perhaps a warranted disdain for the behavior of founders on this thread, but I would also like to point out there are founders that genuinely care about the people on their team and would either ensure the equity was sufficient upfront or--if the total size and scale of the startup was miscalculated initially such as assuming the startup needed 100 employees when it really only needed 10--ensuring they receive ample compensation from the acquirer or not taking the deal. These types of founders do exist too, and I think there is an onus on an employee to figure out what kind of boss they have signed up to work for. If I had a few interactions with Steve Jobs, for example, I'm 100% sure I would have quit.
Mike Arrington presumably wanted to reduce Jason Calacanis' stake because most of the revenue was coming from TC50 and AOL didn't want to buy them with Calacanis getting half the revenue. So Arrington, acting in his own self-interest as one would expect, sacrificed his business relationship with Calacanis in order to make TechCrunch more attractive for an acquirer. These diverging interests led to their fallout and understandably made Calacanis irate. Though, I suspect that Calacanis would have done the same thing if the situation was reversed.
From a business perspective, I think you'd need to figure out who would buy the leads after you've generated them. Perhaps you should start by coming up with a niche with a dearth of lead generators, find a company targeting that niche, and ask them if they would be interested in buying leads. By ensuring there is "customer" for your leads you can save yourself wasted time. Customer development (a la Steve Blank) for lead generation, so to speak ;)
It's hard to establish trust on the Internet, especially when dealing with people from other countries where you don't know which institutions you can turn to for help (i.e., who is the Better Business Bureau of China?).
People will send money to a Chinese supplier and often get nothing in return. Places like Putian in Fujian province are the Chinese equivalent of Nigerian scams.
You'll order a set of iPhones but get a pair of shoes. Why? So that the seller can prove he sent you something (to Paypal, Alibaba, etc.) and then it just becomes your word against his.
If I may, I'd like to make a shameless plug for our startup. iSafeTrade.com has an inexpensive service to help buyers to vet Chinese suppliers:
http://www.isafetrade.com/chinese-business-registration-chec...
Sample report:
http://www.isafetrade.com/chinese-business-registration-chec...
The report includes information like if the supplier is legally registered and authorized for foreign trade by the Chinese Ministry of Commerce, how long they have been in business and when their website was created, which province/city their phone number is located in, etc.
While it's debatable as to whether or not these Western websites are important to average Chinese, it seems like a mischaracterization to say blocking several of the top 10 most popular websites in the world is "very limited."
Another experience which spooked me a bit (I don't know if it was purely coincidental or not): I was visiting some fairly obscure websites while I was there and they were accessible. Yet, within a few days after I first visited them, some of them were blocked. That made me wonder if there are human beings checking websites to decide whether or not they need to be "harmonized" (Chinese joke).
According to the Department of Labor, if an intern's work benefits the company, then the intern should be treated as an employee. There is a six factor test, more on this here: http://www.clark.edu/student_services/employment/documents/L...
A related point, I think paying employees only with stock options is also illegal for a startup. The stock options likely don't have much value in a startup, and also the employee may lose the stock options if they quit (or are fired) prior to their vesting date.
So, both interns and employees should at least be paid minimum wage unless the company literally cannot even afford paying minimum wage. That said, the company will probably only have a legal problem if the underpaid intern/employee files a complaint.