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Harj
searching PlanetScale…
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35 ms
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301.
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by
Harj
18y ago
so a system that has worked fine for over a decade should be completely scrapped because of one unprecedented event?
302.
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Harj
18y ago
he says it's smart to build for profit and take the safer money, rather than go all or nothing. the point is that the two don't have to be mutually exclusive. they may well be if you're building a consumer web app without any monetization
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Harj
18y ago
i'm pretty sure KP know the goal is profit. they're VC's, by definition the only criteria for success they have is making money.
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Where Portals and Social Networks Collide
(businessweek.com)
1 points
by
Harj
18y ago
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0 comments
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Facebook CEO Wants to Talk With Google on Friend Connect
(pcworld.com)
1 points
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Harj
18y ago
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0 comments
306.
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Harj
18y ago
I have built a few simple websites from scratch before and taken a couple programming classes imo that's the perfect level of tech knowledge for a non-technical founder
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Harj
18y ago
i simply can't understand how powerset could sell for anything remotely close to $100 million. the rationale that Google would buy them to keep them away from MS, seems incredibly weak. anyone care to enlighten me?
308.
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Harj
18y ago
i'll likely be there at some point
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Harj
18y ago
yes. anyone who replied that ad thinking it was serious, we (unsurprisingly) didn't hire...
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Harj
18y ago
just going through the process of failing already puts you ahead. after school, most people don't put themselves in positions where they can fail at something. it's not human nature. so congrats.
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Harj
18y ago
digg worked out ok. there's always an exception.
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Harj
18y ago
you should never dismiss somebody based on a single fact such as they have an MBA. doing so only restricts your options which isn't something a founder can really afford to do.
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Harj
19y ago
Reading this article makes me feel somewhat the same... Does the article say the auctomatic team will be developing the cricket.com site?
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Harj
19y ago
i didn't comment on the depth of the relationships. i commented on the investment needed to create them online.
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Harj
19y ago
Ok, first off, the formal definition of what you describe is Network Effects - i.e. Metcalfes law. Facebook benefits from that just as well as eBay no. building a connection on ebay (i.e. buying or selling something and leaving feedback)
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Harj
19y ago
auctomatics will be there on saturday. though not sure if we count as british anymore :)
317.
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Harj
19y ago
i know it for a fact
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Harj
19y ago
as if Zuckerberg is running around yelling "My company is worth $15 billion!" because he's definitely not doing that well current hires are getting their stock at that valuation so the net effect is the same
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Harj
19y ago
that's still compatible with making something people want - read Innovator's Dilemma on demand for sustaining v disruptive technologies.
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Harj
19y ago
no that's not what this deal was. of course the talent of our team was attractive but that's not why they paid $5m. Live Current have a huge amount of organic traffic with genuine purchasing intent that comes to sites like perfume.com and e
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Harj
19y ago
we didn't find any of this a problem. I spent a lot of time on ebay forums, we had plenty of meetings with people much older than us that went v well and our seller focused strategy gave us the understanding of the ecommerce landscape that
322.
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Harj
19y ago
unfortunately the press have sensationalized things here, we never claimed to have made "millions" and we know this deal isn't the "we've made it" one it's being portrayed as. i'll blog about our thinking behind the sale in more detail. her
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Harj
19y ago
the domains were bought almost 10 years ago. Geoff has only just joined and immediately y stopped the trading/squatting and started putting together a team to build products that leverage the domains. Hence the re-branding.
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Harj
19y ago
we'll still be around, we're going to be splitting our time betweeen the valley and vacouver rather than moving there permanently. we structured the deal in a way that keeps our US visas intact exactly for that purpose.
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Harj
19y ago
i should think we'll spend more of our time building than trading
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Harj
19y ago
this presents a rather binary view of things - either you're a hacker or you're an arrogant MBA. there are plenty of people who aren't hackers but they certainly understand tech and aren't beef-headed MBA's. mitch kapor and joe kraus never
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Harj
19y ago
while making something people want is obviously great advice, sometimes it gets applied in a detrimental way by implying that if you don't have users it's because your product isnt't right and you need to lock yourself away and hack some mo
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Harj
19y ago
loopt has serious revenue. others might have more potential but that fact alone makes them the biggest yc success so far imo.
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Harj
19y ago
the only serious competitor to ebay is google. And it's a very serious one.
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Harj
19y ago
if you're not a hacker, you have to at least understand technology and be able to hold your own in tech conversations. hacker news is the best resource to do that.
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