mathattack

240 ms·

3601.
by mathattack 11y ago
And much of the current value is from acquisitions made since then.
3602.
by mathattack 11y ago
My dad used to hitchhike across country. It was very common for people in the military, and the uniform served them well. I used to hitchhike in college, but it was mostly asking for rides across town in the back of a pickup truck.
3603.
by mathattack 11y ago
I was oversimplifying, since firms with multiple funds are doing a mix of investing and harvesting at any given time. What you say is more precise - it's more accurate to view the 2/20 as base salary and bonus, especially since t
3604.
by mathattack 11y ago
Given how prolific he is on Twitter [0] I'm curious if he writes his own tweets. [0] https://twitter.com/pmarca
3605.
by mathattack 11y ago
It's an outlier [0] driven business. Median may be more important than mean. E&Y has some great data on VCs in general. [0] Quick math... "In 2013, 153 early-stage funds in the US raised US$9.4 billion" Going with the
3606.
by mathattack 11y ago
I love the idea, but can a company that big really survive without management? Didn't Google backtrack on a similar idea?
3607.
by mathattack 11y ago
One point he admits in the beginning... There was a slight selection bias in that all those present were people whom an on-campus group was hoping to get donations from. This doesn't include doctors who quit medical school, academic
3608.
by mathattack 11y ago
I agree. If the stock goes up 10X, it's the founder's loss. (I've seen this happen to several folks)
3609.
by mathattack 11y ago
It's not a great system. But... 1) If they are making it up themselves, they can be sued. 2) If they are frequently wrong, day traders shouldn't listen. (And it's day traders, not long term investors who pay the price whe
3610.
by mathattack 11y ago
I agree. There used to be this theory of "Near Earth sized in a similar orbit" but it's much more complicated. One other example to support your point - Apparently life is protected on Earth by having a Jupiter around to suc
3611.
by mathattack 11y ago
I think they need to have some serious backup for the anonymous tip to be published. (Know who the individual tipster is, etc) Just because the tipster is anonymous to us doesn't mean they're anonymous to the news organization.
3612.
by mathattack 11y ago
My 2 cents... Don't change who you are. The world needs lot of folks who can turn out quick prototypes. It needs even more folks who can lock down secure and maintainable code. Find the right company that needs your strength. (Of co
3613.
by mathattack 11y ago
True. My contention is that learning happens in steps, it's not linear. This is especially true in programming. So rather than a smooth curve of talent, there are plateaus that people reach. I would love to see data on this. Who kn
3614.
by mathattack 11y ago
I agree with most of what you said, except that perhaps the distribution is a little more complex than bimodal. Perhaps it's multi-modal, with various discernible leaps in performance. (There's a big gap between "Green"
3615.
by mathattack 11y ago
I agree. I've just seen people who can't afford it spend a lot more than the entertainment value. At my most selfish, I'd say, "At least this is one tax not paid by me." The downside is it does seem to use gamific
3616.
by mathattack 11y ago
On the last point, it's about fairness in the other direction. If an organization like Youtube/PickYourUnicorn sells for a billion plus dollars with only a small handful of employees, all of which are talented and have put in long
3617.
by mathattack 11y ago
It doesn't always work. This is what I got back from the last "I'm not interested" note I sent. Thank you so much for the reply message. I was hoping I would have a few moments to talk on the phone but looking at my up
3618.
by mathattack 11y ago
Yes. I think the best way to handle this is to say, "It's tough to make apples to apples comparisons, but I really enjoy my current job, and it would take something in the range of X to Y to get me to move." The recruiter w
3619.
by mathattack 11y ago
I'm curious what happens with driverless cars. Do people go more places without the hassle of actually driving? Do car miles go up because the cars drive in circles in lieu of parking? Or does it go down because we view driving as a
3620.
by mathattack 11y ago
Because they're bad at math?
3621.
by mathattack 11y ago
In addition to relative value, equity has other benefits. It increases the "One team" spirit, where everyone rises and falls together. It also puts in a sense of fairness. If the firm thrives, it's not just the CEO and VCs
3622.
by mathattack 11y ago
You're correct. I think the issue is that most employees overvalue the equity, and undervalue the volatility. People think "I have 10,000 shares, and they could be worth 100 each someday - that's a million dollars!" ra
3623.
by mathattack 11y ago
I've seen it be remarkably accurate, but that was for a "Mostly cash, limited bonus" environment. I think one of their sources is H1B filings, which can be very accurate for those types of jobs. It misses equity and outsize
3624.
by mathattack 11y ago
My son loves Dragonbox and Elements. They're absolutely fantastic! Keep up the good work.
3625.
by mathattack 11y ago
The crazy thing is how a relatively small miss on a large growth rate can cause big valuation problems. When the value of the company is in future revenue, this happens. (Look at Twitter)
3626.
by mathattack 11y ago
New York has very standards too. The weak service that companies like DoorDash pull (cold food after an hour wait) won't fly in NYC. I think this has been tried in the past. http://www.grubstreet.com/2011/05&#x2F
3627.
by mathattack 11y ago
I think he puts the "Facts" out there with a grain of salt - and admits it in the preamble. They're very much a source of discussion rather than hard and true facts. (Software engineering is a social science where experimen
3628.
by mathattack 11y ago
It's high risk for the investors. For every Uber, there are many that don't pan out. It's the nature of the game, and why they make lots of investments.
3629.
by mathattack 11y ago
Your last line caught it. A lot depends on the experience going in too. What's a CS major in the Midwest make with 2-5 years of experience make? What will they make with 4-7 years of experience? The new MBA in banking will make 200+K
3630.
by mathattack 11y ago
It's hard to differentiate Just Good Enough from Almost Good Enough in a 10 week internship. :-) The 30x ones usually have a professional reputation that preceeds them - you know before the interview starts, and spend the hour or two

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