5 ms·

Pledge profits "in spirit" in a collaborative effort to actually build something that makes money.

rms 19y ago
It was just kind of confusing because this type of challenge was new to all of us, like I imagine it was to you as well. Good luck with your new job, I'm sure it will be an interesting VC firm. This is of course very bubble-tastic but there is a lot of money in popular Facebook apps. I saw an app for "Fans of Grey's Anatomy" that had 100,000 active users yesterday, there is definitely money in reproducing fan sites for popular TV shows and bands and movies as Facebook applications.
- andrew_yates 19y ago
  Haha, yes, deliciously bubble-tastic. Also, "VC firm" means something else that we're not doing. This is an angel fund run by bored geeks in silicon valley. That's it.
  - sbraford 19y ago
    Does the money have to be freshly generated revenue (on top of either a $0 starting amount or $X existing revenue). i.e. I have a business that generates $5k per month, saying you can use that towards your goal "in spirit" is pretty silly, right? BTW have you heard of Steve Pavlina's Million Dollar Experiment? http://www.stevepavlina.com/million-dollar-experiment.htm http://www.stevepavlina.com/million-dollar-experiment.htm This sounds a bit like it only for startups.
    - andrew_yates 19y ago
      Count the profit difference from changes you made in your business. Million Dollar Experiment: I haven't heard of this, but you're exactly right. I'm glad I core dumped this idea here first. Wow, risk is hard in practice as a tech guy.
      - sbraford 19y ago
        Ok. I'll pledge mine. It would be nice to have some kind of buddy system to help encourage one another and share strategies / techniques. Current profit: ~ $3k between my various businesses.
- axod 19y ago
  I'd love some numbers on that: Does 'active users' actually equate to profit? I hear clickthrough rates for advertising on facebook is something like 0.05% If 100,000 users were active, that would equate to 50 clicks on adverts, which is probably going to make enough money to buy a coffee or something.
  - rms 19y ago
    http://news.ycombinator.com/item?id=58193 http://news.ycombinator.com/item?id=58193 Apparently the advertising clickthrough rates are better in the apps, possibly because a lot of facebook app advertisements are paid ads for other apps.

rms 19y ago

It was just kind of confusing because this type of challenge was new to all of us, like I imagine it was to you as well. Good luck with your new job, I'm sure it will be an interesting VC firm. This is of course very bubble-tastic but there is a lot of money in popular Facebook apps. I saw an app for "Fans of Grey's Anatomy" that had 100,000 active users yesterday, there is definitely money in reproducing fan sites for popular TV shows and bands and movies as Facebook applications.

andrew_yates 19y ago
Haha, yes, deliciously bubble-tastic. Also, "VC firm" means something else that we're not doing. This is an angel fund run by bored geeks in silicon valley. That's it.
- sbraford 19y ago
  Does the money have to be freshly generated revenue (on top of either a $0 starting amount or $X existing revenue). i.e. I have a business that generates $5k per month, saying you can use that towards your goal "in spirit" is pretty silly, right? BTW have you heard of Steve Pavlina's Million Dollar Experiment? http://www.stevepavlina.com/million-dollar-experiment.htm http://www.stevepavlina.com/million-dollar-experiment.htm This sounds a bit like it only for startups.
  - andrew_yates 19y ago
    Count the profit difference from changes you made in your business. Million Dollar Experiment: I haven't heard of this, but you're exactly right. I'm glad I core dumped this idea here first. Wow, risk is hard in practice as a tech guy.
    - sbraford 19y ago
      Ok. I'll pledge mine. It would be nice to have some kind of buddy system to help encourage one another and share strategies / techniques. Current profit: ~ $3k between my various businesses.
axod 19y ago
I'd love some numbers on that: Does 'active users' actually equate to profit? I hear clickthrough rates for advertising on facebook is something like 0.05% If 100,000 users were active, that would equate to 50 clicks on adverts, which is probably going to make enough money to buy a coffee or something.
- rms 19y ago
  http://news.ycombinator.com/item?id=58193 http://news.ycombinator.com/item?id=58193 Apparently the advertising clickthrough rates are better in the apps, possibly because a lot of facebook app advertisements are paid ads for other apps.