nivi

11 ms·

61.
by nivi 18y ago
A hammer is not a best practice for peeling potatoes. The concept of "best practices" is insidious. "Best" for what? We need to know what we are, our context, and our objective before we can consider the practices that will optimize our obj
62.
by nivi 18y ago
I second "Certain to Win". Game theorists might define a strategy as an approach to optimal decision-making while you are surrounded by other actors whose actions interact with yours. Chess strategies are a good example. The author of Certa
63.
by nivi 18y ago
I updated the post to read, "under the same conditions." Thanks!
64.
(A bit of) Decision-making for startups(venturehacks.com)
4 points by nivi 18y ago|3 comments
65.
Lowering the water level: Do bad economies uncover opportunities?(venturehacks.com)
3 points by nivi 18y ago|0 comments
66.
The Human Equation: Organizing people for profit(venturehacks.com)
2 points by nivi 18y ago|0 comments
67.
by nivi 18y ago
I enjoyed reading the book's case studies of companies where I would otherwise assume that "money is the best motivator": Men's Wearhouse, AES (a power company), NUMMI (a GM factory), etc.
68.
by nivi 18y ago
Thanks Matt, it is poorly phrased. I will change it.
69.
by nivi 18y ago
Hi dmv, Are you still having a problem? Sometimes the Twitter widget in the sidebar at http://venturehacks.com gets a little wacky. I believe it is an intermittent problem with Twitter. I thought it was very rare but perhaps it is more
70.
by nivi 18y ago
Thanks for the diligence guys. I pinged the original author of the article. He says: http://www.evolvingexcellence.com/blog/2008/01/no-titles-exc... "They do have the handful of titles required as a public company... CEO, CFO, and the lik
71.
Books for Entrepreneurs: Extreme Programming Explained(venturehacks.com)
1 points by nivi 18y ago|0 comments
72.
by nivi 18y ago
Big ups to the author of this post for getting me to read what is essentially a job posting.
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by nivi 18y ago
The best resource on term sheet basics is http://www.feld.com/blog/archives/2005/08/term_sheet_seri.ht... http://www.startupcompanylawyer.com is also often quite good on the basics.
74.
Books for Entrepreneurs: Agile Software Development(venturehacks.com)
2 points by nivi 18y ago|0 comments
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by nivi 18y ago
As an experiment, I didn't post directly to the article. Instead, I posted the link to my FriendFeed "blog" which includes a juicy quote from the article.
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The Objective of Education Is Learning, Not Teaching(friendfeed.com)
6 points by nivi 18y ago|3 comments
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A quick and dirty guide to starting up(venturehacks.com)
2 points by nivi 18y ago|1 comments
78.
by nivi 18y ago
See http://en.wikipedia.org/wiki/Toyota_production_system But I think it is easier to learn Extreme Programming first because TPS is somewhat abstract. XP is very concrete. Check out Kent Beck's Extreme Programming Explained.
79.
by nivi 18y ago
That is a good idea. Slack (a.k.a. 20% time) is built into lean. Why? Because running at 100% leads to waste... if you don't have slack, you increase your cycle time and you end up sub-optimizing the whole system.
80.
by nivi 18y ago
Efficiency is a by-product of removing waste. It isn't the goal. Who can argue against eliminating waste? =) The next step is learning to see waste. And chasing radical ideas is not necessarily waste. Experimentation is not necessarily wast
81.
Lean startups find their moment(venturehacks.com)
30 points by nivi 18y ago|16 comments
82.
by nivi 18y ago
I think every company that is trying to figure out its customer is a startup. =)
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by nivi 18y ago
I pulled out some highlights on Venture Hacks: http://venturehacks.com/articles/khosla-society
84.
by nivi 18y ago
Fixed. =)
85.
by nivi 18y ago
Hi sanj, that is still called a liquidation preference. The article is fine.
86.
by nivi 18y ago
You exercise the options before they vest and the company maintains a right to repurchase the options that expires over time. From the perspective of the company, it is like reverse vesting. Talk to a lawyer for the myriad details but if yo
87.
by nivi 18y ago
Hi Randy, can you elaborate? Thanks!
88.
by nivi 18y ago
Agreed. We'll cover liquidation preferences in Part 2. In general, I like to look at the "lottery ticket" value of the options. What are the options worth if everything works out? Especially when the startup can afford to pay a reasonable s
89.
by nivi 18y ago
That sounds like a good approach. You should also include unallocated options in the calculation of your percentage. For example, how many options does the company plan to issue in the next 12-18 months? This is like including unallocated o
90.
by nivi 18y ago
In an acquisition, the preferred stock is converted to common and the acquirer pays the same price for every share of common stock.

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