mrmcd

8 ms·

31.
by mrmcd 11y ago
In the most literal sense, "being a unicorn" means nothing more than in the last funding round, they sold X% of the company for $Y, and (100/X)*Y >= 1,000,000,000 For example, if DizruptrCo Inc, sold a 15% equity stake for
32.
by mrmcd 11y ago
Assuming 80 possible characters (A-Z,a-z,0-9 + 18 punctuation symbols), log2(80^8) ~= 50. So a correct horse password would be about the same as a random 8 character alpha-numeric entropy wise. The XKCD argument is that correct hose style i
33.
by mrmcd 11y ago
I just looked at some of the hashcat benchmarks and they are clocking MD5 on one of their test machines at 115840 Mh/s. (2^50)/(115840*10^6) = 9719.43 seconds, or about 2-3 hours to break one correct horse style password. I think
34.
by mrmcd 11y ago
Reminds me of when I came across an article about this charity last year: https://cleantheworld.org/ I'm sure they are good people with good intentions, but everything about it just annoyed me to no end. Aside from the
35.
by mrmcd 11y ago
I've posted this in a previous thread about equity options, but I made this Google Docs spreadsheet that helps model the potential payout of various stock options: https://docs.google.com/spreadsheets/d/1L-hwC
36.
by mrmcd 11y ago
"Is there a name for these types of pseudo-stocks?" Fraud?
37.
by mrmcd 11y ago
In the US at least, the strike price for options in a private company is set at whatever price the last 409A valuation was. How this is done is a bit technical, and typically something done by a specialized professional accountant type. At
38.
by mrmcd 11y ago
Perhaps they need a government tourism office that focuses on advertising the many wonderful hiking opportunities on the islands. A Ministry of Scilly Walks.
39.
by mrmcd 11y ago
One thing I read that isn't often mentioned is how liquidation preference for late rounds can drive a lot of these insane valuations. For example, let's say you raise $250MM in a series E at a 10B post money. As a company/fou
40.
by mrmcd 11y ago
This doesn't always mean that insiders are dumping stock because they know the company is doomed. Sometimes yes, but when you have a company like Twitter where a pretty significant percentage of compensation is in stock options and R
41.
by mrmcd 11y ago
"This means that if an astronaut on the ISS listens to I'm Gonna Be, in the time between the first beat of the song and the final lines ... they will have traveled just about exactly 1,000 miles." https://www.googl
42.
by mrmcd 11y ago
I made a googledocs spreadsheet that modeled various equity payouts after doing a bunch of research to evaluate a job offer from a fresh Series A startup: https://docs.google.com/spreadsheets/d/1L-hwCRXKDwmOPqXCwQo