WarPaul

6 ms·

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by WarPaul 6y ago
https://github.com/payid-org
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Show HN: Enter Smart Contract Trading Challenge – Win Bitcoin(hedgy.co)
5 points by WarPaul 11y ago|0 comments
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Show HN: Bitcoin Smart Contracts – With Live Demo(medium.com)
11 points by WarPaul 11y ago|2 comments
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by WarPaul 16y ago
Again, I'll reference my aforementioned post above: http://news.ycombinator.com/item?id=2388691 I guarantee that the judging has been drastically improved from last year. It's still too bad that you feel the way you do. I wish you continu
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by WarPaul 16y ago
I don't see YC's 6% as being greedy or predatory at all. It's just different economic theory. What PG did with YC is LEGENDARY. He was the first and will go down in history as one of the most pivotal figures in the entrepreneurial economy.
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by WarPaul 16y ago
I agree with you that this is another strategy and one the MC founders probably considered, however I think the purpose of the entry fee and endorsement process is to avoid a "Tragedy of the Commons" scenario and ensure that only the best s
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by WarPaul 16y ago
Also "Mass" as in "the world's largest" (play on words I guess). Funny though, maybe someone should start a LeanChallenge based on Eric Ries' methodology.
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by WarPaul 16y ago
Valuation is also based on the prior investment to equity ratio. How much money is invested in X startup for 6% equity? That would certainly effect the pre on any term sheet, no?
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by WarPaul 16y ago
What does the 6% on the back end do to your valuation in later rounds? Assuming you do expect to take on more growth capital upon successful completion of YC. Not very much Coke left to enjoy after that...
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by WarPaul 16y ago
You're right, I guess practicing your pitch in front of the mirror is better preparation for pitching a VC.
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by WarPaul 16y ago
As a semi-finalist last year, I too had a similar experience with the judging, however after getting feedback from those that completed the surveys, MassChallenge hired software entrepreneur Karl Buttner, who also served as a mentor last ye
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by WarPaul 16y ago
...and thinking you can build a billion dollar web app or online platform without engaging a single outsider is straight narcissism.
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by WarPaul 16y ago
Any serious entrepreneur should care about the money, every penny even, which is why MassChallenge offers no equity taken. For a $199 entry fee (which is automatically reimbursed to the entrepreneur upon securing a few endorsements that hel