ig1

33 ms·

271.
by ig1 12y ago
Generally speaking the developers who apply to us aren't optimizing for salary today; if that's what they want then they'd be much better off working for Google/Facebook/Stripe/etc rather than founding a startu
272.
by ig1 12y ago
The age of leaving uni actually varies quite a bit across Europe, so we get a fair number of applicants above that range. We try to build the cohorts to maximize the number of potential co-founder pairings and part of that means it has to m
273.
by ig1 12y ago
CTO / Founder | EF | London We're a new kind of startup accelerator; investing in top-tier developers pre-idea and pre-team. We bring together the best developers into cohorts where they can find co-founders and get support to hel
274.
by ig1 12y ago
While there's certainly an issue around working conditions at Amazon and more broadly with the US social safety net this story doesn't feel "real". A quick google reveals the authors bio "I taught ESL in South Korea
275.
by ig1 12y ago
CL does around 300M revenue across all categories, that's less than what the larger players in each individual category makes.
276.
by ig1 12y ago
Craigslist used to be... ...the largest real estate site in the world. ...the largest dating site in the world. ...one of the largest job sites in the world. It's now an also ran in everyone of those categories. They lost every single
277.
by ig1 12y ago
What you're missing is that early stage growth is completely different from late stage growth. It might help to think of it in absolute numbers. A company going from 1bn revenue to 8bn in a year is rare, a company going from 100k to 80
278.
by ig1 12y ago
Depends if your goal is security or publicity.
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by ig1 12y ago
They could just randomly survey a sample of the dark traffic user to find out where they're coming from.
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by ig1 12y ago
It's the difference between the person you're phoning recording the phone call and the telco doing it.
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by ig1 12y ago
I've worked in banking (algo pricing for an eFX trading desk), built a startup and worked for a VC. From the financial perspective of a developer if you want to bank a couple of million dollars over 10-15 years then you should go work
282.
by ig1 12y ago
You could always become a developer in the finance sector, there are plenty of finance devs in the $200k-$300k range. If you're a top-tier dev working in front-office/hedge-fund you can make $600k-$700k/year.
283.
by ig1 12y ago
You're vastly overestimating how easy it is to raise a series A - the majority of YC companies don't make it to series A. The chances of an inexperienced non-tech founder raising a series A are small; there are hundreds if not tho
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by ig1 12y ago
I think you're vastly over estimating the impact of tech news sites. A decent front page article on techcrunch will get you a couple of thousand visitors, the vast majority of which won't be in your core customer group. The main a
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by ig1 12y ago
It's vastly easier to become a millionaire in finance than in tech.
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by ig1 12y ago
Because in countries where this is a problem it's common to have extreme restrictions on use of ultrasound machines. For example requiring two doctors to be present to use it and banning gender identification uses. If this device is ch
287.
by ig1 12y ago
The normal way to do it is just to drop an email to a relevant person, set a context and ask if they'd be willing to meet for coffee. Although if you already know someone in common you could do it more casually (i.e. join them for afte
288.
by ig1 12y ago
The curve is far less uniform than you might imagine. There are going to be a few companies which are obvious superstars (great team, market, execution, traction, etc.) which will be obvious yeses. You're either in this group or your n
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by ig1 12y ago
It's far from black and white when it comes to feedback, once you're at the point where an investor is spending real time with you they're much more likely to give you feedback if they think you're able to react to that
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by ig1 12y ago
IIRC it was in 2008 when YC was in a very different position from what it is now.
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by ig1 12y ago
I actually built something similar at a hackday a few weekends ago specifically for startup people (i.e it showed you investors, journalists, etc. who followed you): http://startupfollowers.com (although far more crude/hack
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by ig1 12y ago
What would you like to do with your data science skills ?
293.
by ig1 12y ago
I think you're focusing on the wrong things. VCs (largely) want solid personal relationships with their companies and that's something that's not happening over skype/hangout anytime soon. A few thousand dollars on fligh
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by ig1 12y ago
The primary bottleneck among most top-tier VCs is partner time and travelling is a huge time-sink. Hence why most VCs tend to focus over a relatively small areas. If a VC is looking at investing in a startup in a location where they have no
295.
by ig1 12y ago
The 10x factor generally only applies to early stage investments, VCs making later stage investments tend to need smaller returns because there's less risk involved.
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by ig1 12y ago
While it probably varies between different fields, I haven't seen any evidence for that in the startup world. There's obviously a certain level of "accident of birth", you have a much better chance if you were born in a
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by ig1 12y ago
It doesn't make sense to evaluate historic seed stage valuation based on current valuation. Any angel investment looks like a bad deal retrospectively for a billion dollar company on that basis. Investments need to be evaluated on the
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by ig1 12y ago
The flaw in that line of reasoning is assuming that luck and connections are the opposite of skill and execution. Building relationships is a core part of business development, if a business lacks appropriate connections then it's some
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by ig1 12y ago
What's the plan for the rest of the money, grants ?
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by ig1 12y ago
Why would a company invest a $1bn on a drug they can't patent ? Also drug companies can't just decide they don't want to get FDA approval because it's too much work. They have to work within existing regulations whether

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