peterjancelis

12 ms·

61.
by peterjancelis 12y ago
You read that right. The author is part of a movement known as the "dark enlightenment".
62.
by peterjancelis 12y ago
Yes didn't get this part either. It's perfectly possible the interviewer asked the interviewee to explain the difference between Responsive Design (the concept) and Twitter Bootstrap (the framework that implements it).
63.
by peterjancelis 12y ago
You always use the customer's chat system? Or do you include your own chat system to streamline things in your backend?
64.
by peterjancelis 12y ago
Yes, totally agree. Any rational entrepreneur leverages his solvency into debt funding.
65.
by peterjancelis 12y ago
Maybe the title can mention that this 50 million is a credit facility, not equity funding.
66.
by peterjancelis 12y ago
Why would your rep need to close 25 x 12 x 10K ACV = 3 million USD of customer value each year to make it profitable? Shouldn't 25 per year suffice?
67.
by peterjancelis 12y ago
Yes that is what he is been saying.
68.
by peterjancelis 12y ago
Yes this also assumes the 9% growth is word of mouth and not ad spend driven.
69.
by peterjancelis 12y ago
If the founder can get the 90K cost constant and keep the rev growing at 9% per month, there is only a $10K shortage by month 7 (and cash runs out in month 6 only). This can easily be solved with some annual prepayments. Source: https:&#x2
70.
by peterjancelis 12y ago
I think making comments this stupid as a SVP is a fireable offense and I can somewhat see how the "family" mention makes Sarah Lacy worried about her children, but I totally don't get where this gender angle is coming from in
71.
by peterjancelis 12y ago
Remember that VCs buy preferred equity that can limit their downside (1x liquidation preference at least, maybe a preferred dividend). The company you follow sells common stock to its shareholders.
72.
by peterjancelis 12y ago
> "the myriad expenses that we startup founders incur (from coffee shop tabs to gas costs to cross-country flights for meetings with investors)" I fundamentally disagree that these are non-avoidable expenses.
73.
by peterjancelis 12y ago
I like my human driver to share the incentive with me that a crash can have fatal consequences.
74.
by peterjancelis 12y ago
Index funds do about 4% real return over time and scale very well. You are right that wealth is more dynamic than most people think but the reason is rather that the most effective way to get really rich is to leverage everything into one c
75.
by peterjancelis 12y ago
Like so many unions, they want to limit the supply side (laborers) so the wages can go up. Or force a minimum wage so employers hand pick the better skilled employees anyway. So of course no union will say it out loud but the economic effe
76.
by peterjancelis 12y ago
It's a term value investors use for investing in "net nets", i.e. companies that trade below their net cash position. The idea is "if we can buy the cash at a discount and get the (crappy) company for free, at some point
77.
by peterjancelis 12y ago
This is basically cigar butt investing for the private market, as I doubt the most stable recurring revenue type businesses they seek to own are available at a low enough price to make it work for them.
78.
by peterjancelis 12y ago
I agree. The big idea behind Uber is to optimize capacity utilization. That's also the reason why it's a race between those taxi apps to get global scale first. Unlike cars, maids and masseuses don't waste 90% of their time d
79.
by peterjancelis 12y ago
Read my comment again. I think Palantir spends very little on lobbying, not a lot.
80.
by peterjancelis 12y ago
Yes, convertibles are a debt instrument and can even have interest payments attached to them.
81.
by peterjancelis 12y ago
Convertible notes are a way to incentivize great execution by the founder team between the angel round and the series A. Execute better => Higher series A valuation => Less dilution from the convertible debt. At the angel stage there
82.
by peterjancelis 12y ago
Convertible notes are a way to invest money now (the 'note') at a valuation that will be decided later (at 'conversion'). It is mostly used by angel investors to invest in very young startups for which it is too hard to
83.
by peterjancelis 12y ago
I'm always surprised how cheap it is to buy politicians. I would expect a company like Palantir to spend much more than 1.1 million on lobbying. Does anybody know how much the 'consultancy fees' to former government officials
84.
by peterjancelis 12y ago
Such a company with a proven ROI on its marketing should go for venture debt, not venture capital. If you can 2.5x your money in 10 months and capital is at 0% interest out there, why would you sell a huge stake of your business to get to t
85.
by peterjancelis 12y ago
1 times annual revenue is actually a bit high. I've seen affiliate sites sell for 4 to 6 months of revenue. The reason is that after paying for the labor to maintain it there is very little profit in those websites. You are buying a jo
86.
by peterjancelis 12y ago
/@random_buyer: "Hey I tried to buy this closet but the website didn't accept my bid!" - 256 retweets
87.
by peterjancelis 12y ago
Great to see you guys coming to Asia-Pacific. Can some Stripers on this thread give an estimate as to when Stripe will come to Hong Kong or Singapore? I am bootstrapping a side project with a colleague and literally the only reason to even
88.
by peterjancelis 12y ago
Can you cut some expenses in a way that doesn't lower your self-perceived standard of living too much? see www.mrmoneymustache.com for inspiration. You seem to have a lot of resilience, so using more of your income to buy more time sho
89.
by peterjancelis 12y ago
Interfax said it was shot down. Russia - via their ambassador at the United Nations - denied involvement already. Let's hope this plane won't be the Franz Ferdinand 100 years later. Edit: I am talking about the US-Russian relation
90.
by peterjancelis 12y ago
This is why I believe in a Semco type culture where every team member receives a cut of the profits and there is a peer review process of who gets to join / stay in the team. It's the most realistic way a profitably franchise can

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