SemanticFog

7 ms·

31.
by SemanticFog 16y ago
Your graphs don't back up your headline. Fred thinks his returns are trimodal, and that he plays mainly in the middle. Looking at your chart, he seems to be 100% correct. He's got one exit at 70% annual returns, but he makes the bulk of his
32.
by SemanticFog 16y ago
Are these all graduates of US colleges? I can't find confirmation either way, but it's worth keeping in mind that college degrees from many countries are not comparable to US.
33.
by SemanticFog 16y ago
Building product != Building business If you want to build a business, then you need a real plan for sales and marketing. Doing these well is just as hard as writing code. It takes a lot of careful thought, and it often takes money. Even if
34.
by SemanticFog 16y ago
Not at all. If Zuckerberg had told the Winklevi he planned to quit and start a competing site, then there would have been no lawsuit. The harm was intentionally misleading them, so they wouldn't find a replacement programmer to finish their
35.
by SemanticFog 16y ago
It's also worth pointing out that you can safely peek and make an early decision if you insist on a higher confidence interval for early stops. The exact numbers depend on how often you test the confidence interval, but a multiple of 5-10 i
36.
by SemanticFog 16y ago
Just to clarify this entirely correct analysis: It's not a "peeking" error, it's a "stopping" error. As long as you decide on a minimum number of trials to make a decision, it's fine to look at the data as it is accumulating.
37.
by SemanticFog 16y ago
I like the way MongoDB describes the flaws in their own system, but places the blame (four) squarely on the customer, where it belongs. It wasn't a random failure or a sudden spike that caused the crash -- it was completely predictable grow
38.
by SemanticFog 16y ago
I'm sorry this happened to you, but you should realize it is a normal part of startup life. Don't take it personally. I would guess your potential employers are as unhappy about the situation as you are. It's no fun to lay people off or res
39.
by SemanticFog 16y ago
Keep in mind that if you have 25% of the stock now, it's very unlikely you'll get 25% of any purchase, if there is one. The buyer will direct most of the deal toward earn-out for employees they want to retain, and try to minimize money that
40.
by SemanticFog 16y ago
1) Buy 5-10 different brands of hard drive and make a copy of the data on each. 2) Invest $100K dollars in very long-term inflation-protected investments 3) In 50 years, use the proceeds (around $1m) to offer a prize to anyone who can decod
41.
by SemanticFog 16y ago
You should seriously think about finding some advisors before you raise money. The time and expense is well worth the effort. Set up a board of advisors for your company, and try to get 1-3 successful entrepreneurs in your field (or related