einarvollset

14 ms·

91.
by einarvollset 8y ago
So if I may - your assertions are: A) There is nothing wrong with how funding currently operates in the tech space. It allocates resources optimally in terms of risk adjusted returns for investors and there is no room to try alternate appro
92.
by einarvollset 8y ago
"I'd imagine that YC generates much more than 12% IRR even excluding their hits. " What makes you think so? 12% IRR is 3x capital in 10 years. YC terms are $120k for a SAFE * 256 companies/year = $30m/year. 10x is $
93.
by einarvollset 8y ago
Thank you, but I think your assumption that the only thing that matters is finding 1000x returns is wrong. If you look at VC returns at scale and over time, what's considered acceptable returns are lower than you might expect (12% IRR)
94.
by einarvollset 8y ago
Skipping over the comment about how we don't understand startup investing.. :) On pt 2: there is no mandatory monthly payments, and we don't really control founder comp. What we're trying to do (which relates to the point I s
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TinySeed applications close today(tinyseed.com)
96 points by einarvollset 8y ago|25 comments
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by einarvollset 8y ago
Random hack: the most consistently good olive oil i’ve bought in the US has been Costco own label.
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by einarvollset 8y ago
Stop? Probably not, but my point is rather that oil production by Aramco is dependent on the political regime, which imply that there are additional costs that do not apply to US shale.
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by einarvollset 8y ago
Note that I'm not disagreeing with you, nor trying to be confrontational, but I'm curious why land ownership in Japan does not build wealth?
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by einarvollset 8y ago
That cannot possibly be true. Up until very recently US oil was barred from being exported.
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by einarvollset 8y ago
Saudi may make oil for less than $10, but they need prices to stay about $80 in order to sustain their massive internal subsidies. Shale breakeven on the other hand has only gotten lower and lower. It’s not long ago that people were predict
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The rise of alternate VC(medium.com)
3 points by einarvollset 8y ago|2 comments
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by einarvollset 8y ago
https://www.theguardian.com/books/2018/feb/25/skin-in-the-ga...
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by einarvollset 8y ago
Yes, but mostly hydro for power generation.
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by einarvollset 8y ago
This will depend for sure, but anything below $10k is probably sweet spot.
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by einarvollset 8y ago
"could make for a nice revenue stream, but will never be the next Unicorn" That's exactly what we're looking for.
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by einarvollset 8y ago
Thank you! Probably January.
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by einarvollset 8y ago
That would be a good fit potentially.
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by einarvollset 8y ago
Hi there - co-horts of teams for sure (hello friendly competition and emotional support). Finalizing terms, most likely a combo of equity and cash dividends.
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by einarvollset 8y ago
Hi Andy, this is not finalized yet, but we're imagining some combination of cash dividends and convertible equity if someone sells.
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by einarvollset 8y ago
Hi, email me and we can discuss. Einar@vollset.com
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by einarvollset 8y ago
Hi there, I think you're right that a lot of big businesses grew into big ones. However, our thesis is that if you're early stage, there really aren't a lot of places where you can pitch for funding for a business that does n
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by einarvollset 8y ago
Thanks - but duplicate. Dunno how that happened :)
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by einarvollset 8y ago
Honestly, if you have a full time job (which it sounds like), i’d consider buying a product. At that kind of revenue prices are extremely reasonable - the only challenging is binary: is this worth $0 or something else.
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by einarvollset 8y ago
Absolutely, 100% not the case. I was in grad school, working on smartphones so had access and used a lot of them. iPhone was MILES and MILES better. Obviously so. (Well, at least in my recollection.. :)
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by einarvollset 8y ago
Doesn’t work like that in the US. Most mortgages are fixed rate for the duration of the mortgage.
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by einarvollset 8y ago
You can certainly convincingly argue that, but to retain a coherent argument you also now need to tell me how it’s egalitarian that all the states hit by this overwhelmingly contribute more to federal tax coffers per capita (and hence are s
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by einarvollset 9y ago
This is a great example of the arrogance that makes lots of people hate silicon valley.
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by einarvollset 9y ago
I know this sounds judgmental, but I would challenge your perception of these "best" programmers. In my experience, truly great programmers only have preferences when it comes to languages. If I have someone voicing very strong pr
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by einarvollset 9y ago
OP is missing that crypto networks are not likely to be O^2 given atomic swaps.
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by einarvollset 9y ago
Ohh. News you can use. Thank you!

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