econner

14 ms·

121.
by econner 10y ago
Ah ok, so the company makes an exception to the lockup period for IPO participation? How do they typically decide who gets to participate?
122.
by econner 10y ago
> They had a pretty large participating contribution (50M shares as I recall) so that is a bunch of money that paid off some folks who might have been skittish. Could you explain what this means a little more? What is a participating co
123.
by econner 10y ago
This techcrunch article has what you're after: https://techcrunch.com/2017/02/02/slowchat/ . They say growth slowed from 7% QOQ to 3.2% QOQ. Having only 3.2% Q4 QOQ growth is pretty worrying conside
124.
by econner 10y ago
> My 5 year target on SNAP would be roughly one can of Pringles. What does this sentence mean?
125.
by econner 10y ago
Good point. There is still a lot of uncertainty with Snap, but it is certainly in a better position than Pets.com. For me the worrying issue is the flat user growth at the end of 2016 and the new competition from Instagram.
126.
by econner 10y ago
What makes the comparison to Pets.com for you appropriate here? Pets.com was insanity. It IPOed 15 months after it was founded and had no fundamentals of any kind. Snap is 6 years old and has hundreds of millions of retained users. From the
127.
by econner 10y ago
These numbers make sense to me. What I wonder though is if Snap goes the way of Twitter and winds up halving in valuation by the lockup period expiration. Is it still $1 million per basis point? Or will ratchets kick in that further dilu
128.
by econner 10y ago
The idea is that employees accepted a lower salary in exchange for the chance to earn more through stock from an eventual liquidity event. They're arguing that the gain from the liquidity event is just enough to make up the difference
129.
by econner 10y ago
I thought his point was just that GitHub is still private. Snap going public is a different situation.
130.
by econner 10y ago
Yea, it's to keep the price somewhat stable after the IPO. It's a very standard thing to do and the share price of a company usually drops permanently when the lock up period expires. Maybe a good rule of thumb is 10-20% of the c
131.
by econner 10y ago
Quick research suggests this timeline to me: Summer 2014 Apigee raises last private funding at a $600M valuation April 2015 Apigee IPOs at a valuation of $500M By end of 2015 Apigee closes at a valuation of ~$250M. So the company lost almos
132.
by econner 10y ago
What exactly does Mulesoft do?
133.
Ask HN: Why is it so hard to get rid of passwords?
3 points by econner 10y ago|3 comments
134.
by econner 10y ago
Is it possible that his experience is not representative? Edit: Digging a bit further, it looks like the startup that he sold was Valet Gourmet which was a food delivery business in North Carolina and he worked on it for ~12 years. That&#x2
135.
by econner 10y ago
At the start of 2016 there was some consensus that things were cooling off. Markets were down, there were fewer seed stage investments and an all but dead tech IPO market for the first half of the year. Investors started to advise compani
136.
by econner 10y ago
Yep, yep, my favorite part is using Dropbox to deploy code.
137.
by econner 10y ago
Met @pud once while he was CEO of Blippy. Very nice guy and great to talk to. I also absolutely love his post: "Why Must You Laugh at My Back End" ( http://pud.com/post/9582597828/why-must-you-laugh-at-m
138.
Understanding Snapchat – The Next Facebook or Another Twitter?(goodwatercap.com)
2 points by econner 10y ago|0 comments
139.
by econner 10y ago
Yea, is that $40,000,000 in stock for 1 year of work?
140.
by econner 10y ago
Executive Compensation Name and Principal Position Year Salary Bonus(1) Stock Awards(2) All Other Total Evan Spiegel 2016 $ 503,205 $ 1,000,000 $ — $ 901,
141.
by econner 10y ago
Possibly a dumb question, but doesn't 2017 Q1 end in 2 months? How are they already reporting results?
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by econner 10y ago
> "AI run hedge fund blows up due to black swan event" Why's this an argument against AI run hedge funds? Funds run by humans also blow up due to black swan events.
143.
by econner 10y ago
350,000 accounts is not a "massive network". This is all hype.
144.
by econner 10y ago
I'd believe it. For what it's worth, something like 80% - 90% of all email is spam. It's usually better to leave it there and cordon it off so that real users don't notice it. Spammers don't get feedback that thei
145.
by econner 10y ago
What makes you so sure? Say the company is valued at $300M when you join. $100,000 worth of ISOs is 0.03% which is not unreasonable if you're an engineer from say employee 5 to employee 50 or so. Now, the company becomes a unicorn va
146.
by econner 10y ago
Ah, yes, you're right. It would offset future capital gains.
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by econner 10y ago
What percent of the "profits" do you take? Can you explain how ESOFund would work in the situation I outlined above?
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by econner 10y ago
This is excellent advice. For what it's worth you really need to know the total number of outstanding shares to appropriately assess the 409A valuation. The stock could split later.
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by econner 10y ago
Most unicorns disallow this nowadays to prevent the headache Facebook had when IPOing (very explicit you cannot transfer shares without the companies consent clauses in contracts). Some do controlled tender offers which allow employees to
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by econner 10y ago
Sorry, I meant ISOs. Good clarification.

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