mattbarrie

13 ms·

121.
by mattbarrie 14y ago
I doubt the acqui-hire was for $30m. I would believe probably $3m, structured as $1m each over 4 years, with each person getting 100k in the first year, 200k in the 2nd, 300k in the 3rd and 400k in the fourth. Lots of these "acqui-hires" ge
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by mattbarrie 14y ago
Great overview, thanks.
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by mattbarrie 14y ago
Thanks for the clarification on the numbers, I guess only time will tell on the distribution of exits and what the actual returns back to you would be on them look like (20x @ $80m ignores liq pref and dilution). How many are in your team n
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by mattbarrie 14y ago
Are any of these making any money? Ron Conway's second angel fund had Google in it and it only returned 1.5x because 80% went bust. A rough calc of what it would take for one runaway success to payback the total funds invested; Assuming $20
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by mattbarrie 14y ago
Entrepreneurship 101
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by mattbarrie 14y ago
Which has nothing to do with this Twitter patent.
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by mattbarrie 14y ago
Unless you live in Cyprus, or maybe another European country.
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by mattbarrie 14y ago
There are only a few that have managed to get funds off the ground. The core problem is that VCs have trouble getting a second fund off the ground because they can't show a good return on the first.
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by mattbarrie 14y ago
I have ads looking for great javascript developers for 100k+ and I am getting zero applicants. Zero.
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by mattbarrie 14y ago
It would be 4,000 local IT graduates per year spread across our 1,500 startups, multinationals like Google and the corporate sector like banking & finance. It's not enough by any stretch. Also that's not saying that all those 4,000 are
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by mattbarrie 14y ago
Actually the 457 issue is the side issue. The key issue for me really is there are not enough people in the industry due to declining enrollments in STEM. We need to fix our education system and build awareness of the industry with high sch
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by mattbarrie 14y ago
That's not the site. The industry action group was formed over the last two days at a design forum that consisted of entrepreneurs, startups, venture capitalists, educators and so forth.
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by mattbarrie 14y ago
I'm here with Alan Noble who runs engineering at Google Australia and ran the Google Reader project until 18 months ago. They looked at open sourcing it but it was too much effort to do so because it's tied to closely to Google infrastructu
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by mattbarrie 14y ago
Stop being a party pooper. They are a good way to do something different, unleash some creativity and have some fun.
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by mattbarrie 14y ago
Apple is about to eat their lunch.
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by mattbarrie 14y ago
At 1:02:30 you can probably figure out his laptop password.
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by mattbarrie 14y ago
Response from the freelancer: Matt, Thank you for alerting us of this situation. We have not been contacted by the client since the dispute was settled some 3 weeks ago, so all of this comes as a complete surprise. We worked with this clien
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by mattbarrie 14y ago
Correct - but the same applies to the other sites, the time tracker is basically to ensure that hours billed are correct. This doesn't make sense for fixed price projects (as this was)
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by mattbarrie 14y ago
Since you want to resolve this in public this is the reply I just sent to your email: Michael 1) You should not have released the funds at all until the entire website was delivered 2) The freelancer has 406 feedbacks, someone with that man
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by mattbarrie 14y ago
Freelancer has exactly the same thing.
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by mattbarrie 14y ago
Freelancer.com CEO here. I think your anger is a bit misplaced given that from reading of your case it appears that all the trouble you've had is a bit self inflicted. Your complaint, if I can understand correctly, is that you've hired a de
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by mattbarrie 14y ago
Growth is marketing- it's just done with a different set of people than you would do a decade or more ago. Instead of people with MBAs or marketing backgrounds you do it with computer scientists and statisticians, and you base your actions
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by mattbarrie 14y ago
I think if you called the team marketing you would struggle to hire people with the right skill sets into it.
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by mattbarrie 14y ago
The point was to hire the very best you can, which I think is something everyone can agree with.
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by mattbarrie 14y ago
Anyone care to submit an entry? :) http://www.freelancer.com/contest/T-shirt-Design-for-Austral...
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by mattbarrie 14y ago
I wonder how many board members of the ACS and ACS foundation actually have computer science degrees. Would their qualification pass "accreditation" by the ACS or do somehow the lawyers and accountants gain "life experience" sufficient to b
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by mattbarrie 14y ago
"We have nothing to do with this group" Just take a look at who the board is lol: http://www.acsfoundation.com.au/static_aboutthefoundation.cf...
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by mattbarrie 14y ago
Spot on. Also no mention about why they get a monopoly on accrediting skilled visa applications for computer scientists. Two comments I got overnight: "The ACS is run by a whole bunch of accountants and lawyers who can't believe their luck
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by mattbarrie 14y ago
Matt here. Turns out I've been talking to myself for the last year with a hellbanned account! lol. The ACS just issued a media release: http://www.acs.org.au/news-and-media/news-and-media-releases... Delimiter has posted an article as wel