econner

12 ms·

91.
by econner 9y ago
I don't really understand their tech yet but I believe Lightning is working on a solution to this problem: https://lightning.network/
92.
by econner 9y ago
Wow, yea, doesn't seem like a good idea: A final thing about SPACs is that they are so expensive. Banks charge a rack rate of about 7 percent for initial public offerings, though big sexy tech IPOs tend to be done more cheaply. SPAC s
93.
by econner 9y ago
How does this point invalidate their issue? All you've done is brought up another problem. Now there are 2 problems.
94.
by econner 9y ago
Bloomberg is saying China plans to ban trading of bitcoin on all domestic exchanges. https://www.bloomberg.com/news/articles/2017-09-14/bitcoin-t...
95.
by econner 9y ago
I doubt things have changed that much. Certain individuals are more visible now, but I'm sure there are still plenty of people who are not obsessed with these things.
96.
by econner 9y ago
Just curious, how do you find freelance work? And how much time do you spend garnering clients beyond that 20 hours?
97.
by econner 9y ago
I'm betting student loans are going to have something to do with it. https://pbs.twimg.com/media/CkcJGZfVEAEw239.jpg:large
98.
by econner 9y ago
I live in SV and worked at a unicorn fairly early on for a few years. I understood the risk involved and tried to treat the equity as such: worth nothing until it can be sold for something no matter what it says on paper. Of course that&#x
99.
by econner 9y ago
Meanwhile all of the rank and file employees keep the lights on and the ship afloat. Wishing their on-call teams all the best.
100.
by econner 9y ago
Twitter is 11 years old and has never made a profit even though it's been publicly traded for 4 years. It has 330M MAUs but its growth has stalled. Pinterest is 7 years old, has close to 200M MAUs, and is still growing at a good enoug
101.
by econner 9y ago
They're still a unicorn aren't they?
102.
by econner 9y ago
He doesn't own any Twitter: http://dailycaller.com/2017/03/15/twitter-gets-its-worst-cri...
103.
by econner 9y ago
Wow. That's a yuge amount of income.
104.
by econner 9y ago
Yea, I don't really understand why tech companies don't just do this with the hundreds of qualified candidates who have 4 year degrees and actual work experience that they say no to. My guess is that it's another way to hire
105.
by econner 9y ago
Why?
106.
by econner 9y ago
Why do those factors prevent you from sharing? Transparency is difficult, but isn't that the whole point of Indie Hackers?
107.
by econner 9y ago
I think the other complicating piece of compensation is the potential for equity to be worth something someday. It seems to me people in SF are here to take a shot on the startup lottery much more so than other places. It's also a ci
108.
by econner 10y ago
What elements of the attitude did you dislike?
109.
by econner 10y ago
I use Robinhood with a small amount of money that I am 100% ok losing. I hold a small number of tech stocks to keep me invested in their movements. Some of them have turned out better (nvidia) than others (twitter). But it does help me foll
110.
by econner 10y ago
How did you get traffic?
111.
by econner 10y ago
may
112.
by econner 10y ago
I imagine he can get away with a certain amount of name recognition w/o running the day to day of the company himself.
113.
by econner 10y ago
The grass is always greener..
114.
by econner 10y ago
It saddens me that we've gotten to the point of comparing Wall Street ethics to war ethics and even entertaining the idea that war has better ethics than Wall Street.
115.
by econner 10y ago
Snap did a 1 to 10 stock split in July 2014 ( https://www.forbes.com/sites/parmyolson/2014/08/08/snapchat-... ). That means, today, those grants are at least 100k - 350k shares at a $0.99 strike price
116.
by econner 10y ago
Turns out people really want nude selfies.
117.
by econner 10y ago
This just can't be right. In fact, Snap's extreme generosity to employees has already swelled the existing share count. In 2016, it awarded 105 million new restricted share units (RSUs). All of those units, plus around 80 million
118.
by econner 10y ago
Yea, I can't see it being this low either.
119.
by econner 10y ago
Let's say you started in 2013 when Snap's valuation was $800M. You were granted $80K (0.01% of the company). This is likely a very low estimate given what I've heard about snap equity. Snap raised good rounds so dilution is
120.
by econner 10y ago
It's interesting to compare the two IPOs. Twitter opened at $26 and closed at $44 at a valuation of $25bn. Twitter had $650M revenue in 2013 for EBITDA of -$525M. Snap closed at $28bn valuation, had $404M in revenue in 2016, and EBI

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