3 ms·

What’s the story there, link?

by ivalm 5y ago

benreesman 5y ago
First hit on Google is: https://techcrunch.com/2012/07/17/socialcam-autodesk-60-million/amp/ https://techcrunch.com/2012/07/17/socialcam-autodesk-60-mill...
- benreesman 5y ago
  At the time that such an acquisition took place, it would have been heavily premised on FB feed injection, and if such a thing were to be realistic, I would have heard about it. This is utter hearsay, unreliable watercooler baseball, but it’s not one person who said that he was in Thailand chilling for most of the vest.
- ivalm 5y ago
  I am still unsure how this pertains to seizure of assets? Seems like there was some startup spun out of justin.tv that then got acquired… was the spin out shady? The acquisition?
  - benreesman 5y ago
    I’m in a tough spot because I threw that off in an offhand way, but I didn’t really think it through and now I’m in danger of presenting substantial, but nonetheless circumstantial and anecdotal evidence of a phenomenon that is real and harmful (which is good) but attaching it to a specific person (which is bad in general and mega bad for me personally). But I kind of have to cough up now: the rumor mill, and it was exactly that, has made credible claims that Socialcam was a dead end that got pimped to Autodesk as their path towards social media relevance, including some influential angel back-scatter, and then the principles promptly fucked off to Thailand and rested their vest until they got big jobs at YC on the back of building…Socialcam. Twitch is a name everyone knows, AMZN got their money’s worth. The other highly YC-connected justin.tv stuff? Yeah, not a big splash.
    - sjg007 5y ago
      Socialcam, viddy, vine.. all precursors to TikTok.
      - benreesman 5y ago
        Yes and no, but sure. The failed justin.tv-spin-off folks don’t care though, they never had any real competition because people who don’t have a locked-in outcome can’t afford to pursue impoverished, transient markets. I wouldn’t shed too many tears though: no one from that crowd is doing badly. Bad companies failing and burning up the cap table is for the plebs.
        sjg007 5y ago
        So a good reason to do YC? I am confused... Plenty of YC companies fail but part of being in YC is the network so you can start another company, work at another YC or work for YC. That basically de-risks startups immeasurably.
        benreesman 5y ago
        Being backed by YC is one of the best indicators that a startup will succeed. I’d advise almost anyone doing a startup to seek funding from YC. I tend to get pretty cranky (as you can see) about the old-boys network that’s emerged around it, but that in no way diminishes the value to a founder of being in that network.

What’s the story there, link?

by ivalm 5y ago

What’s the story there, link?

First hit on Google is: https://techcrunch.com/2012/07/17/socialcam-autodesk-60-million/amp/ https://techcrunch.com/2012/07/17/socialcam-autodesk-60-mill...

benreesman 5y ago
At the time that such an acquisition took place, it would have been heavily premised on FB feed injection, and if such a thing were to be realistic, I would have heard about it. This is utter hearsay, unreliable watercooler baseball, but it’s not one person who said that he was in Thailand chilling for most of the vest.
ivalm 5y ago
I am still unsure how this pertains to seizure of assets? Seems like there was some startup spun out of justin.tv that then got acquired… was the spin out shady? The acquisition?
- benreesman 5y ago
  I’m in a tough spot because I threw that off in an offhand way, but I didn’t really think it through and now I’m in danger of presenting substantial, but nonetheless circumstantial and anecdotal evidence of a phenomenon that is real and harmful (which is good) but attaching it to a specific person (which is bad in general and mega bad for me personally). But I kind of have to cough up now: the rumor mill, and it was exactly that, has made credible claims that Socialcam was a dead end that got pimped to Autodesk as their path towards social media relevance, including some influential angel back-scatter, and then the principles promptly fucked off to Thailand and rested their vest until they got big jobs at YC on the back of building…Socialcam. Twitch is a name everyone knows, AMZN got their money’s worth. The other highly YC-connected justin.tv stuff? Yeah, not a big splash.
  - sjg007 5y ago
    Socialcam, viddy, vine.. all precursors to TikTok.
    - benreesman 5y ago
      Yes and no, but sure. The failed justin.tv-spin-off folks don’t care though, they never had any real competition because people who don’t have a locked-in outcome can’t afford to pursue impoverished, transient markets. I wouldn’t shed too many tears though: no one from that crowd is doing badly. Bad companies failing and burning up the cap table is for the plebs.
      - sjg007 5y ago
        So a good reason to do YC? I am confused... Plenty of YC companies fail but part of being in YC is the network so you can start another company, work at another YC or work for YC. That basically de-risks startups immeasurably.
        benreesman 5y ago
        Being backed by YC is one of the best indicators that a startup will succeed. I’d advise almost anyone doing a startup to seek funding from YC. I tend to get pretty cranky (as you can see) about the old-boys network that’s emerged around it, but that in no way diminishes the value to a founder of being in that network.