andrew

5 ms·

1.
by andrew 11y ago
Here's a quick history of the evolution of the Groupon model. Groupon started out as one deal a day. We had a massive waiting list from merchants - 9 months, at one point. With so much merchant demand and Groupon only running one deal
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by andrew 11y ago
IMO that just seems like an elaboration upon / the reasoning behind "groupon customers are bargain hunters and won't come back", yes?
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by andrew 11y ago
Hi guys, Andrew here (author of the medium post). Thanks for the feedback. I'm just going to try to summarize the questions/criticisms that have been raised in the comments - it seems like they're all mostly hitting on the sa
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by andrew 11y ago
In principle, I love the idea of weighting the distribution of an employee equity pool away from up-front grants and toward follow-on grants. It solves what I think is an even bigger challenge of equity grants, which is that someone's
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by andrew 11y ago
The benefit to founders of progressive equity is that at a smaller exit they still get a big return. It's only when the numbers get huge, as they often seem to be doing these days, that progressive equity kick in. Like a progressive ta
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by andrew 11y ago
That's a great question. I'll ask my lawyer and report back.
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by andrew 11y ago
I recommend setting the financial independence threshold high enough that normal people will feel like anything beyond it is useless anyway. So there's no real downside unless you have your heart set on spawning a couple of Foxcatchers
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by andrew 11y ago
> - How is the kicker pool redistributed? Equally or along the lines of people's current distributions of equity? Along the lines of current (fully vested) distribution. So if there are three employees - Lisa, Erin, and Aaron, and L
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by andrew 11y ago
If anyone has questions about how this works, let me know!
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Introducing Progressive Equity – Increase employee ownership as company grows(blog.detour.com)
376 points by andrew 11y ago|100 comments
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Detour is hiring engineers and marketing/BD(detour.com)
1 points by andrew 12y ago
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Detour is hiring iOS and full-stack engineers(detour.com)
1 points by andrew 12y ago
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by andrew 12y ago
No, there will be an offline mode for our open launch.
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by andrew 12y ago
Hi - if you go to www.detour.com you should be able to add your name to the notification (early access) email list.
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by andrew 13y ago
Hi folks, Good to be here! To the Chicago-based commenters: if there's anything I can do to be helpful before I leave, email me at andrew@ycombinator.com. I'm happy to hang out and give "advice" if you'll make the haul up to Evanston and he