3,263 karma · joined March 11, 2008
t i l t w a v e --- gmail
This type of fear is common for any type of new technology. I am sure people had similar fear when automobiles started to appear in the streets. They might have said "what if the car hit me while I am walking". Eventually, we will all get used to it and start to live with risks associated with it.
I really like what Watsi is doing. They even "eat the credit card processing fees"
For those who are not familiar with the alphabet, it looks like this: http://www.amharicmachine.com/alphabet.gif
Looking at their data, Facebook feared that not acquiring Instagram is a risk to their business, so they rather lose $1 Billion than giving advantage to other social networking sites such as Google+. Mark Elliot Zuckerberg is determined to stay on top.
We use http://gunicorn.org/ as our WSGI server;
we used to use mod_wsgi and Apache, but found
Gunicorn was much easier to configure, and less
CPU-intensive.
http://instagram-engineering.tumblr.com/post/13649370142/wha...edit: I think it didn't like when I entered "<40". Maybe it took it as html code. So I added "less than 40"
If you implement a new service out of necessity to solve a problem you have at work, it is a very good indication that service is also needed by other companies. Instead of using this service you created internally only, you should release it and see if there is a great demand for it.
I think this was a missed opportunity for Wufoo to create another great service.
I think Dropbox is approaching to the point when they have to build their own storage. You can't be a storage company without having your own storage solution in backend. It would be similar to Yahoo not having their own search engine while being a search company.
250 * 150 000 = $37 500 000
So far, 20 YC companies have been acquired generating $401 500 000 (data taken from yclist.com). If the investors own an average of 5% of the startups, their current position would have been about 50% loss: 401 500 000 * .05 = $20 075 000
I don't think this is a bad position to be in since there are still great companies that have not been acquired or exited. The $150k investment may also reduce the failure rate. Sample of 1,000,000 requests from the service:
bit.ly 612,170
tinyurl.com 55,091
goo.gl 41,812
ow.ly 35,531
is.gd 29,533
t.co 26,043
j.mp 21,172
other 178,648