2,817 karma · joined March 17, 2011
By definition someone is trading down. If the valuation is low, the company and its people lose out on potential money. The FB approach (extreme valuation), while discouraging most people, at least maximized value for those that liquidated at the IPO.
In my social circles, Facebook/Twitter usage clocks in at about 15%, so the numbers of the survey were at least minimally surprising ...
The recruiters actively sell the idea that pedigree matters.
No. They are catering to a group of people who specifically care about pedigree. They are trying to replace the role of the recruiters who do the same thing.
They focused on the right thing. The target audience isn't the startup that cares about getting the best people, just the ones with the best pedigrees. This would be perfect in finance.
For the downvoters: please time how long it takes to do something like `cat $file | awk '{print $1}' ` and `awk <$file '{print $1}'`
They can't give the same discount (the discount stems from avoiding new car taxes).
But as an American example, Corvette has a program where you get to participate in the car building process and you take delivery in KY. What makes that program cool is that you get to see the heritage (the Corvette museum)
Build $1 app; purchase 1000 blackberry phones on 1000 contracts; purchase 1000 copies; profit???
Oftentimes many of the recurring services are easily replicable. So until a market leadership position is cemented (until you set up the moat) you don't want others to know that building XYZ service actually could be significantly profitable.
There is also the strange model of communication. Some places side with the developer and other places side with the sponsor (in the sponsor case, they present the spec and if the developer doesn't perfectly match the spec they won't get paid)
It's really ironic to see this and other similar posts recently, given that I'm about to launch a site to address the stated issue: http://codewren.ch
But more generally, the best option is to work with a friend or a friend of friend.
Go to https://api.github.com/users/your_user_here/repos to see what repos are accessible.
NOW: it is possible to iterate through all of the repos in Github and build it up, but that's far too much legwork and would need to be run continually.
The main costs are:
- Transaction and Margin costs (those are generally 1 cent per share per side, roughly .06%)
- Borrow costs (For that trade it was 30% annualized. I held it for 6 days so its .7%)
So the cost to the trade was .76%. The gross return (since you calculate returns relative to the starting point) is (31.5 - 27) / 31.6 = 14.28% and the net return is 13.53%Note that I didnt short as much as I could have -- obviously the return would be higher if I borrowed extra money to short.