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toast76

1,413 karma · joined July 21, 2010

Double Cat founder. Previously, co-founder of Smidge, BugHerd, UsabilityHub, and RightGIF.
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toast76··on Show HN: Funded.io rapid prototype
The difficulty possibly stems from starting at 0 and trying to get a growth function to suit over 1-5 years (ideally it's exponential in the early days, but likely logarithmic over a longer period of time). Problem is if you're going to investors, you don't want a chart that shows growth slowing down over time (certainly not in the first 24 months anyway).

Early on you have an idea of what sort of traffic you're able to generate and a likely conversion rate, and therefore estimate a sign up rate using real(ish) numbers. It's only the growth beyond that that you're really guessing at.

You may just want a text box with a gross # of new customers/month based on what you think you can bring in, and then have the slider work on top of that, in effect creating an adjustable polynomial function for growth? Just spitballing here...

toast76··on Show HN: Funded.io rapid prototype
Love it. The only issue I have is the SKU slider is a little bit "fuzzy". Would be great to actually be able to plug some real sales estimates.

Also the slider seems to be capped out at some really low number (like 30 new customers a month or something?)... not sure if I'm doing something wrong?

toast76··on What salary does the founder of your favorite startup get?
They're also more motivated to succeed.

I have a wife and two kids (both under 5) and a big mortgage. I pay myself barely enough for us to get by (the lowest salary that I've ever earned). The difference is made up in savings and my wife's occasional consulting work. I'm the lowest paid in the company.

The cost of failure is so much higher, which simply means you're far more driven to succeed.

toast76··on Pin Payments is Australia’s first all-in-one online payment API
Most of the team is in Melbourne these days.
toast76··on Pin Payments is Australia’s first all-in-one online payment API
Don't even get me started... PaymentExpress demanded we sign a 3 year contract to move off their "starter" plan. This is after them stuffing up our recurring billing for 6 weeks late last year. Cost us thousands.

Told them to jam it, in the process of moving to Pin as we speak.

toast76··on A Terrifying, Fascinating Timelapse of 30 Years of Human Impact on Earth
Amazing. This is the area where I grew up (in Australia). The area features 3 "open cut" coal mines. One of which has been going through a reforestation process over the past decade or so. http://earthengine.google.org/#intro/v=-38.2235574,146.46468...
toast76··on Exits and Assholes
An exit which results in shutting down the product means we would need to feel the cash is greater than the business opportunity. Our team (investors included) believe in the vision of the business (and the data supports that belief), and it's almost certain that no acqui-hire could exceed that expectation. If it were, then I'd be the first to put myself in the "fail" category.
toast76··on Don't Spam Your Users: Batch Notifications for Rails
Amusingly, we (BugHerd) have exactly this sort of system in place. Almost universally our users prefer to get individual messages. For a lot of these notification emails, just the subject line is enough for most people to know whether an action is required or not. Grouping the notifications means you _must_ open to the email to see what's going on = more work.

Possibly the biggest complaint is that if you're collaborating on a project, you never quite know when someone knows what you want them to know...meaning you have to pick up the phone to notify them yourself.

We're removing the feature and defaulting to instant notifications. We'll also offer the users the ability to skip instant notifications in favour of weekly, daily or twice daily summaries depending on what is appropriate for their role in the project.

toast76··on ZeroMail – Personal Assistant for Email Sorting, 24/7 without the Hassle
This looks surprisingly cool. I've seen plenty of startups claiming to "fix" email, but this is certainly a novel approach. I'm sure that $20 a month won't suit everyone, but if you get hundreds of emails a day and it saves you half an hour a month, it seems worth it.
toast76··on Diamonds Are Bullshit
The best you can hope for is a compromise.

- get a secondhand stone and have it re-set. - get certified non-conflict diamond (or in my case, an Australian diamond) - get some other precious stone

The best one is to get hold of a family heirloom. Costs nothing and has far greater emotional value.

toast76··on Diamonds Are Bullshit
Trying to argue against engagement rings is like arguing against internet censorship. Your opinion is tainted before you open your mouth because the only people who could possibly oppose such things are cheap bastards or pedophiles, respectively.

If you refuse to buy a diamond, it's because you're cheap or don't love "her" enough. No amount of hand waving or sensible logic will make up for the fact that you'll just look like an asshole.

There's no logic in love, just shut up and buy her the damned ring.

toast76··on Startup Australia
You need money in the system to fund quality startups. But you need quality startups to get money in the first place.

The problem is that we lack a lot in both areas. Chicken/Egg.

toast76··on The Biggest Thing Since the Light Bulb
Agreed. Since when did scrolling become a page navigation? If I'd clicked a title, then sure do a hash change, but otherwise leave my URL alone.

On top of that, clicking an anchor (which on any normal website would take me _instantly_ to that point in the page) scrolls slowly from top to bottom. Do that a couple of times and watch what happens when you hit the back button a few times... shoot me now.

toast76··on Heroku's Ugly Secret: The story of how the cloud-king turned its back on Rails
Investigating this approach now. It won't fix the problem, but will certainly reduce the occurrence of blocked dynos. Thx!

EDIT: will need to look into our memory perf though, looks like we'll need to do some work to get more than a couple of workers.

toast76··on Heroku's Ugly Secret: The story of how the cloud-king turned its back on Rails
Wow. This is explains a lot.

We've always been of the opinion that queues were happening on the router, not on the dyno.

We consistently see performance problems that, whilst we could tie down to a particular user request (file uploads for example, now moved to S3 direct), we could never figure out why this would result in queuing requests given Heroku's advertised "intelligent routing". We mistakenly thought the occasion slow request couldn't create a queue....although evidence pointed to the contrary.

Now that it's apparent that requests are queuing on the dyno (although we have no way to tell from what I can gather) it makes the occasional "slow requests" we have all the more fatal. e.g. data exports, reporting and any other non-paged data request.

toast76··on Sublime Text 3 Beta
It's $30. What sort of development are you doing that isn't worth $30 for the single tool that allows you to do it?

I can't imagine carpenters are incensed when Ryobi brings out a new $300 drill. You either buy the new drill, or you keep the old one. Nobody expects new hardware for free, why software?

toast76··on Why online dating is broken
I guess that's why it runs at 7pm, to ensure that people in an area are online at the same time?
toast76··on StartChart - Growth metrics for 1,724 Australian startups
Not sure you can reliably measure the size of a business based on its social media engagement, nor Stumble Upon "views" for that matter. Some of the fastest growing companies (based on things like, you know, revenue, profit etc) are enterprise businesses which inherently have less social interaction than a recipe or deal sharing site.

Also, no offence intended to Guy (the creator), but is it a coincidence that his Lifx startup is #1, and that that is heavily due to the StumpleUpon views which have jumped massively in the last week? Looks a little too convenient to me ;)

toast76··on Google Maps for iOS
https://itunes.apple.com/au/app/google-maps/id585027354?mt=8
toast76··on Google Maps for iOS
Voice guides, street view, search/favourites syncing...oh and the maps are actually correct.
toast76··on How Flightfox doubled their remarketing email conversions
We currently do a lot of this stuff internally using our own system. But I must confess that we don't have great analytics on it...so it's tough to know if it's effective. Will check this out as an alternative.

Out of curiosity, how's this compare to using something like Intercom.io?

toast76··on Perfect Audience (YC S11) Makes Facebook Retargeting Easy, Raises $1.1M
We've been using perfect audience at BugHerd for a while now and I'm an unashamed fan (first twitter follower even!). Great product with amazing support! Best of luck guys!
toast76··on Kickstarter vaporware of the day, Lifx edition
Perhaps someone already HAS invested in these guys? One of the team members listed (guy king) has had a very substantial exit ($90M) from a previous venture (retailmenot.com)
toast76··on Prime number patterns
The title changed, and hence the topic. So no instead of a conversation about visualisations in JS, we'll have one about prime numbers.

If the OP thought the "prime number" aspect was interesting, he would have posted it as such.

Instead I'm sitting here looking at the OP thinking...this is not a very interesting visualisation of prime numbers.

toast76··on The Australian boys who built a $1b company in the cloud
What a lot of shit.

8 companies from this year's Startmate batch incorporated in the US from day 1 (last year only 2 flipped up post incorporation).

Flightfox is in YC. Happy Inspector is in 500 startups. Scriptrock raised in the US. Ninjablocks went nuts on Kickstarter and also raised in the US. The other 4 I believe are either back in Australia or are heading back here, most of them also raised money in the US.

So why did they incorporate in the US instead of Australia? Because ONE company from Startmate 2011 raised in Australia (that'd be us), and even then most of our first round came from the US.

So the choice is either to run an incubator that results in no companies getting funded, OR you get them to a place where they can raise money and be successful, and last I checked that's the whole point of an incubator.

As far as VC's go, it makes literally no sense for a VC to be pushing their portfolio companies to the US were valuations are higher. All they'd be doing is making it more expensive for themselves to invest in future rounds. They're not that dumb.

There will continue to be no investment in startups in Australia until there is PROOF that investing in Australian startups isn't a dickhead investment. The best way to do that is to do everything you can to get these companies to be successful. These companies are doing great things in the US and it is ALREADY encouraging several (up to 6 that I know of) new funds to get started in Australia WITH substantial incentives from the Aus Govt.

toast76··on The Australian boys who built a $1b company in the cloud
It's less that it's a nightmare, and more that there aren't enough people that have done it to know the right way to go about it. We've been trying for 6months to get an ESOP off the ground, and have had a hard time finding an accountant/lawyer who knows their way through it, EVEN THOUGH we know what needs to be done.
toast76··on How to Talk to Human Beings
No no no! She actually DOES want you to fix the tap. Even if she didn't tell you she hates it. You MUST fix the tap!! PLEASE, FOR YOUR OWN WELLBEING!! FIX THE TAP!
toast76··on How to Talk to Human Beings
As a parent of a 3 year old boy, I can tell you you may as well read it 8, 5, 6, 3, 1, 2, 4 for all the difference it makes. When his sister destroys his latest Lego construction, no amount of mirroring will stop him from having the mother of all tantrums.
toast76··on Tell HN: Heroku is Down (update: recovering as of 10PM PST)
...or you can keep on working knowing that your services will be magically back online without you lifting a finger.
toast76··on Pin is Australia’s first all-in-one payment API
$50/month 3.0% + 50c per transaction https://pin.net.au/pricing
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