npt4279

11 ms·

61.
by npt4279 12y ago
When you are rich, let's join forces and get a bigger, badder mansion!
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by npt4279 12y ago
We might invite some founders, room permitting :)
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by npt4279 12y ago
Ha! Just contact me. We'll make an exception for you. :P
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by npt4279 12y ago
Thanks! Hope we meet some cool people. :)
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HackerSurfing: Free Housing and Food for Engineers Visiting SF(hackersurfing.com)
412 points by npt4279 12y ago|188 comments
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Wefunder (YC W13) is hiring engineers and designers(wefunder.com)
1 points by npt4279 12y ago
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Wefunder (YC W13) is hiring a designer and front end developer(wefunder.com)
1 points by npt4279 12y ago
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by npt4279 13y ago
I'd speculate the price level is now being protected by 'insiders' with large existing positions. By one estimation, 1000 people own 54% of all Bitcoin in existence. 10,000 people own 78%. The market could be easily manipul
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by npt4279 13y ago
I love one of his quotes from that case: ------------ In one episode, Oracle's star lawyer... was arguing that Google copied the nine lines of rangeCheck code to accelerate development to gain faster entry into the mobile phone market.
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by npt4279 13y ago
I'd love to have this data! Anyone have it handy? Google doesn't seem to be helping me. I also agree that deeper cultural understanding can only help, not hurt. I particularly wish all 7 billion of us had the opportunity to spen
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by npt4279 13y ago
>Most countries are representative democracies, and it's more difficult for leaders to go into a war. I agree representative democracies are far less likely to go to war. I also don't think war is likely anytime in the present
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by npt4279 13y ago
I've read quite a bit about WWI, and that's a very good analysis. Although, as a nitpick, I'd reword "the dangers of multicultalism" as "rising nationalism that made old political boundaries obsolete". Th
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by npt4279 13y ago
Thankfully, I don't see WWIII starting anytime soon... But I've always strongly thought the "globalisation will make war unthinkable" argument is naive. We're tribal creatures -Nationalism trumps economic interest
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by npt4279 13y ago
I had the same question. They have a small population (~20,000), and 65% of the county's income is derived from capital gains, not wages. I'd guess the county is an enclave that wealthy people move to after they've made the
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The SEC proposed rules for crowd investing Are they good for startups?(medium.com)
6 points by npt4279 13y ago|1 comments
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Best Crowdfunding Platforms for Startups(tuckermax.me)
3 points by npt4279 13y ago|0 comments
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by npt4279 13y ago
Investors on Wefunder are investing on the same terms as the professional investors. It's possible that investments could get squished, but that would lead to a lot of pissed off people, not just the smaller investors in the fund.
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by npt4279 13y ago
To make it simple: Let's say you invest $1000 in a startup. The startup gets acquired and your stake is worth $10,000. You get your $1000 back, and then get 90% of the rest. So you get $9100, and Wefunder gets $900.
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by npt4279 13y ago
In order to attract the type of high-quality companies currently fundraising on Wefunder, we've were forced to figure out how to take away all of the downsides. The most important thing we do is manage a fund that aggregates all of the
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by npt4279 13y ago
Thankfully, this will be legal in mid-2014, when the SEC finishes implementing the JOBS Act. In the 1930's - pre-Internet - people were more easily scammed by traveling salesmen selling oil wells and such. We have a lot more informatio
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by npt4279 13y ago
If you look at the portfolio of 25+ companies currently fundraising on Wefunder, I think the results speak for themselves. All except one went to an incubator AND used us. Most of the YC companies do not need capital. Most have raised signi
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by npt4279 13y ago
I can understand your viewpoint, and I'm usually pessimistic about human nature... But in this one thing, I'm an optimist. I think it's a problem that the rich and well-networked effectively had a government-protected oligar
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by npt4279 13y ago
We'll be under a different regulatory regime by then. :) We also will decrease our costs as we scale.
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by npt4279 13y ago
That's not exactly true. I'm the founder of Wefunder, so I know a fair bit about this. The 15 day waiting period for Form D is a proposed rule that has never been voted on. The law of the land - right now - does not require it
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by npt4279 13y ago
Thanks! We're on Heroku, and we're cranking those babies up right now.
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by npt4279 13y ago
AngelList is optimized for professional investors in Silicon Valley. It's a little like inside baseball - "Oh, Dave McClure invested - now I gotta get in!" We're optimized for people who love a particular startup becaus
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by npt4279 13y ago
I'll get this fixed. Thank you.
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by npt4279 13y ago
The main similarity, besides both being YC alumni: FundersClub and Wefunder both form single-purpose LLC's that aggregate small investors, and then make one investment into the startup. So the startup only has one investor on their c
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Invest in Startups(wefunder.com)
136 points by npt4279 13y ago|93 comments
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by npt4279 13y ago
Wefunder has the same feature. We've found that using a single-purposes LLC to aggregate smaller investors mitigates all the concerns that top-quality startups have. That, and a high bar for curation. Disclosure: I'm a founder o

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