lpolovets

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271.
by lpolovets 9y ago
I've only listened to a few episodes, but Software Engineering Daily seems to be pretty good. ( https://softwareengineeringdaily.com/ )
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by lpolovets 9y ago
Somewhat unrelated, but I've been listening to older episodes of the Internet History Podcast for the last few weeks. It's quite good! My favorite episode so far is the one about Bill von Meister, who started the company that form
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by lpolovets 9y ago
Agree, but do you think it's 90% market share? I'd guess it's 20%-40% (in the US). That's just my gut feeling though, and not based on data. Edit: Found some data. https://www.statista.com/statistics&#x2F
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by lpolovets 9y ago
I'm surprised that only 10% of people would drop Apple first. I would have guessed that way more than 10% of people don't own a single Apple product. I wonder if maybe the NYT's readership is biased toward Apple owners? (My r
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by lpolovets 9y ago
There are tons: Data Collective, Array Ventures, Susa Ventures (my fund), Switch Ventures, Amplify Partners, Zetta Venture Partners, AME Cloud Ventures, Ten One Ten, Bloomberg Beta, etc. That's not an exhaustive list by any means, just
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by lpolovets 10y ago
Fixed. Thanks for letting me know!
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by lpolovets 10y ago
I was a software engineer for 10 years (first 10 engs at LinkedIn -> first 10,000 at Google -> first 10 at Factual). After that I was about to start a company but fell into venture capital instead. Here are a few things I've lear
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by lpolovets 10y ago
Are Canada's CO2 stats material to global warming, or are they being over-dramatized because this is a Canadian publication? The graph in the article shows that Canada has 5x the per capita CO2 extraction of China, but on the other han
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Treasury secretary 'not at all' worried about robots taking jobs(theverge.com)
1 points by lpolovets 10y ago|0 comments
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Eatsa sued for not making its self-serve kiosks accessible to blind customers(recode.net)
1 points by lpolovets 10y ago|0 comments
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One Year After Leaving Zenefits, Parker Conrad Starts Rippling(wsj.com)
11 points by lpolovets 10y ago|0 comments
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by lpolovets 10y ago
Yes. But based on my understanding of conversion mechanics, the anti-dilution terms in priced seed rounds are often "weighted average" (which are more founder friendly) while in SAFEs and notes they are closer to "full ratche
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by lpolovets 10y ago
(I'm a seed-stage VC, but as a caveat I'm not an expert when it comes to cap tables.) He's an example of where having many notes can hurt founders: - Raise $2m at an $8m cap, 15% discount. - Raise $2m at an $18m cap, 15% disc
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My First Lyft Ride(bryce.vc)
2 points by lpolovets 10y ago|0 comments
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by lpolovets 10y ago
That's a great way to prioritize those three things. Existential risk is always #1.
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by lpolovets 10y ago
There's little difference between those, but usually what VCs are comparing are things that are more like 2% chance at $1b vs 2% chance at $200m -- and then there's a big difference. Also, if one company is a 5% chance chance at $
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by lpolovets 10y ago
This free report is an excellent resource on average dilution at each round: https://www.capshare.com/blog/dilution-101-startup-guide-equ...
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by lpolovets 10y ago
To be completely honest, I don't really view things from that frame. I think more about 1) how much does this company need to execute on their plans? and 2) what would a fair valuation be given their current progress and market comps?
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by lpolovets 10y ago
1) There are some new funds popping up, like indie.vc, which don't subscribe to the "Uber or bust" model. Some accelerators, like 500 Startups, are also in that camp. 2) If you can bootstrap to enough revenue, you can try ban
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by lpolovets 10y ago
Yeah, my ballpark estimate from my portfolio (~50 investments in my fund + ~20 personal angel investments) is that 20-25% dilution is common at seed stage. Occasionally it's 15%, which is great. Occasionally you also see 30+%, and that
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by lpolovets 10y ago
People do make that symmetric argument, actually :). A lot of people in the ecosystem, both founders and VCs, will say things like "investors shouldn't be price sensitive, because if you've found the next Uber, it doesn'
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by lpolovets 10y ago
I think that's a great mindset to have and to encourage. My main argument is that "as little as possible" -- especially in Silicon Valley -- is usually much closer to 20% than 10% dilution at seed. E.g. an FTE salary might be
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by lpolovets 10y ago
Caveat: I'm a seed stage VC, so obviously I have a horse in this race. I don't agree with this advice. Well, in theory , I strongly agree that avoiding excessive dilution is ideal. But the suggested numbers (10% dilution for a se
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by lpolovets 10y ago
> shouldn't they be first looking at people who have recently been accused of harassment I'm not sure it has to be either/or. If they found out about Singhal's past and are trying to change their culture, then they sh
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by lpolovets 10y ago
This Quora page lists some interesting interview questions: https://www.quora.com/What-are-the-best-programming-intervie...
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by lpolovets 10y ago
Thanks! If you have any questions I'm happy to try to answer them.
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De-Risking Your Startup (SaaStr 2017 Talk)(codingvc.com)
3 points by lpolovets 10y ago|2 comments
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by lpolovets 10y ago
Here's a very, very rough ballpark estimate based on your data: - $2.7T in market cap - let's say average P/E ratio is 25 (P/E is approximately the ratio of company valuation to annual profits) - let's say the prof
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by lpolovets 10y ago
It's hard to compare market caps to GDP because GDP is kind of like "aggregate value of everything produced this year" while a market cap is "estimated total profits for a company from now until the end of time." So
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by lpolovets 10y ago
IMDb's message boards have terrible UX and are mostly devoid of good content. That said, I wonder how loyal posters on the boards will take this. I can't imagine how frustrated I'd be with a site if they suddenly decided to d

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