May 4, 2007
“There is no harsher judgment in all this world, thought Gilead, than that of an Ozark woman for a female that can’t cope. But she didn’t say it aloud, it wasn’t the kind of thing you said to a man..
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May 3, 2007
“I’ve met a lot of fairly powerful people who are very, very nervous about where the New/Global Economy is headed, and how the U.S. is going to maintain its standard of living in the future. If you’re looking for a near-magic solution, which you are if you’re a politician, grabbing onto intellectual property as the salvation of high-cost Western society probably isn’t the stupidest thing you’ll do all day.
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May 3, 2007
“The technical hierarchy is kept very simple and “shallow” so that there is minimal bullshit and over-organization.
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May 2, 2007
“Building something is easy. Evaluating what you build is hard. Iterate between the two as fast as you can.
— me
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May 2, 2007
“..the technology stack is Zimki on the backend with Flex up front. I cannot recommend this combo enough for developing very rich applications, very quickly.
comments
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May 2, 2007
“Heh. Paul Graham isn’t automatically front-page material, pica is gone, and hopeseekr has a girlfriend. This is not the reddit I know and love.
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May 2, 2007
“Investors are like high school girls:
* They always say what they really care about is the team [you]. Actually what they care most about is your traffic [stock], then what other investors think, then you.
* They are afraid of looking bad.
* They can’t make up their minds.
* They like it when you don’t need them.
* Being turned down by them doesn’t mean much.
* They are emotional. Investment negotiations can easily turn personal. If you offend investors, they’ll leave in a huff. Even after a term sheet, it may be several months to a deal. It’s not uncommon for them to get buyer’s remorse. If they do, they’ll usually seize on some technicality or claim you misled them, rather than admitting they changed their minds.
* They look for founders like the current stars.
* They collude. They are constantly trading little favors. Though a professional investor may have a closer relationship with a founder he invests in than with other investors, his relationship with the founder is only going to last a couple years, whereas his relationship with other firms will last his whole career.
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May 2, 2007
“I’ve been surprised how willing investors are to split deals. You might think that if they found a good deal they’d want it all to themselves, but they seem positively eager to syndicate. There is one rational reason to want multiple VCs in a deal: Any investor who co-invests with you is one less investor who could fund a competitor. Splitting deals thus has similar advantages to confusing paternity.
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May 2, 2007
“Since valuations are made up, founders shouldn’t care too much about them. And since a startup is like a pass/fail course for the founders, what you want to optimize is your chance of a good outcome, not the percentage of the company you keep.
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May 2, 2007
“VCs don’t try to look at something and predict whether it will take off. They win by noticing that something is taking off a little sooner than everyone else.
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