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comment
bhb
1,174,578,682
We're working hard on finishing up our YC application, and we're having a lot of problems with this one:<p>"If one wanted to buy you three months in (August 2007), what's the lowest offer you'd take?"<p>First of all, what if we're not particularly interested in selling the company that fast? Should we just put some rid...
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[ 5708, 5747, 7032, 5703 ]
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mattculbreth
1,174,578,991
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http://news.com.com/2061-10793_3-6169447.html
2
Best Buy scores exclusive deal for Apple TV
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bhb
1,174,579,432
Some of these have been mentioned, but these stand out for me<p><i>Programming:</i><p>Getting Real<p>The Pragmatic Programmer<p>Hackers and Painters<p><i>Business:</i><p>Good to Great<p>Start Your Own Business (I knew basically nothing about small business before I started, and it's a good intro)<p>Crossing the Chasm ...
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bhb
1,174,578,603
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[ 5701, 5749, 5718, 5763, 5810, 5937, 5797, 5817, 5968, 5921, 5717, 5864, 5737, 8487, 5868, 5723, 5771 ]
21
What's the lowest offer you'd take?
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notabel
1,174,579,660
I agree with you; Tumblr seems to fill a niche somewhere between a public del.icio.us feed and a blog. It lets you show people things in a genuinely unified manner (unlike del.icio.us, which is links, only links, nothing but links), without obligating you to go into commentary. It's kind of like a multicast, pull ver...
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bhb
1,174,579,869
"The Long Tail" is definitely worth reading, although I sort of felt it was a topic that only deserved a long essay expanded into an entire book. Then again, I felt the same way about "The Tipping Point" - interesting idea and points, but it probably could have made just as big an impact in a book half the size.
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sethjohn
1,174,580,350
A good way to start might be the rule of thumb that startup investors typically want a 10x return on their money (for companies that succeed). If YC invests $20K in your company in return for 6% of the company, and the company sells for 3.3 million, they get 200K.<p>Our three founders came up with a number in our own h...
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[ 5748, 5712 ]
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techcore
1,174,580,187
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http://franticindustries.com/blog/2007/03/21/big-guide-to-getting-your-questions-answered-online/
1
Big guide to getting your questions answered online
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jadams
1,174,580,684
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http://discuss.joelonsoftware.com/default.asp?biz
1
The Business of Software: Real Advice From Real Business Owners
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Alex3917
1,174,581,467
A good product != a good company.<p>All the rest are about good companies, whereas 17 is about good products. That's why it doesn't fit the pattern.<p>We could make a whole separate list of schemas for creating good products too. But, as the grandparent observed, what's important isn't just knowing what the schema is b...
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jadams
1,174,580,968
You're using the word "incorporate" incorrectly, which was my original point. To incorporate means to start a corporation. Therefore, registering a sole-proprietorship is, by definition, not incorporation. <p>The more general term is "register", which applies to the three forms of business: sole-proprietorships, partne...
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jadams
1,174,581,504
Er. I recommend not immediately pissing away $200K, but that's just me. If you're in your early 20's, a $200K investment could easily be $1M by your thirties.<p>Taking a $1M lump-sum means never having to work again. That's not to say you won't work again, or won't be productive again. But I'd feel really stupid if at...
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[ 5727, 6133, 5755 ]
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zkinion
1,174,581,962
Looks great. I can't wait.
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jamongkad
1,174,581,777
I think you're onto something here. What I truly believe is to make something customers want. A sin that I fall in at times is making something customers don't want and by and large letting supply get ahead of demand. Another thing I believe is that if your product is going to do something then it might as well make li...
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nostrademons
1,174,582,020
Cal addresses that by arranging his book in roughly the order that you should think about things. He recommends that you think about:<p>1. Version control<p>2. Issue tracking<p>3. One-click deploy<p>4. Internationalization<p>5. Security<p>before you start building your application, then you build and release it, then ...
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mattculbreth
1,174,582,028
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http://dondodge.typepad.com/the_next_big_thing/2007/03/microsoft_vc_su.html
2
Microsoft VC Summit
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zkinion
1,174,582,293
Why do you have to take an offer at all? It normally takes anywhere from 1-2 years to make a site successful enough to justify selling for a gargantuan amount. In 3 months, how much growth can you get to show enough promise of future growth/monetization?
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brett
1,174,582,460
revealed or just compiled from existing sources?
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Alex3917
1,174,582,315
To valuate your company after three months you have to take two things into account:<p>A) How much value will you have created be the end of three months?<p>B) How much value will you still be able to create?<p>If you only have enough talent and ideas to last you for three months, you don't get funded. And if you think...
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wensing
1,174,582,524
I see the biggest risks for our little startup are "Marginal Niche" and "Too Little Funding". I don't know that I'm really convinced that we suffer from the first--in fact, I consider being vertical as a virtue and don't believe we've crossed the line (although we could), and re: not enough money--well, we're working ...
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brett
1,174,582,850
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http://jroller.com/page/cardsharp?entry=overtime_and_startups
5
Overtime and Startups
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far33d
1,174,583,068
myname: You are correct. To get a "studio-quality" recording, you'll need lots of expensive equipment. <p>But you've obviously missed the idea: the gap between what you can make with mediocre equipment and top-notch equipment is closing fast. In the old days, you needed good mics because analog equipment needed high qu...
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zach
1,174,583,247
Wow, awesome. Great lineup.
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Harj
1,174,583,223
just my opinion but i'd approach this question more from the angle, what is the $X I need to have financial freedom. do the math based on the % of the company you own to work out how much you'd need to sell the company for to make that amount. $X is going to vary for everyone.
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sethjohn
1,174,583,596
That comment was intended to be read somewhat tongue in cheek, but for the sake of argument:<p>1) What's the point of having money if you aren't going to spend it and have fun? I suppose you could throw a smaller party and write a big check to the Google Philanthropy...but either way money is meant to be used.<p>2) If ...
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domp
1,174,583,623
Thanks JMiao. Yeah I was thrown off with his comment too. I guess he was on my side by trying to prove that things cost a lot of money? Although that wasn't my side because if I had a home studio I would never spend 3 grand on a microphone.
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nostrademons
1,174,583,252
My list, categorized:<p><i>Business & Management</i><p>1. Innovator's Dilemma and Innovator's Solution by Clayton Christensen<p>2. Built to Last and Good to Great by Jim Collins. Built to Last is more applicable for startups.<p>3. Mythical Man Month by Fred Brooks. Anyone who has to manage a team of programmers and h...
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zkinion
1,174,584,290
Just like huge mainframes are dwindling, the same trend can follow across other types of hardware.
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far33d
1,174,584,064
All the hackers I went to college with moved to san francisco. ..
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domp
1,174,583,493
Yeah I'm with far33d. To make a "great album" doesn't take that much money. I bet only a small percentage of people could tell the difference between a good basement recording and a real nice studio.
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sethjohn
1,174,584,675
Perhaps the question is meant to be read as sort of a Zen Koan.<p>You are asked to present a rational analysis of a situation that, if you think rationally about it, cannot occur!
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Alex3917
1,174,585,347
Alex3917 threw his shoe at sethjohn, and sethjohn was then enlightened.
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prakster
1,174,584,854
In Nov 2006, Seth Godin addressed the concept behind this issue quite elegantly (I am paraphrasing the relevant points below; the direct link is at the end of this post):<p> --Don't do a deal where each side gets a fixed percentage. A 50/50 split of a company invented in a bar is always a bad idea. Even paying someone ...
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far33d
1,174,585,390
Those poor veterans. They're going to have to open 1239812398 credit card and home loan applications.
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danw
1,174,585,394
Now I think I need this book. Your right about stats, I would move them to number 6 or perhaps even to prelaunch.
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prakster
1,174,585,838
For PG: Paul, if you absolutely have to have this question in the application, it might help to add the word "cash", e.g. "What's the lowest cash offer you'd take".
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domp
1,174,586,514
This is a horrible website.
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brett
1,174,586,183
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[ 18633 ]
http://www.startup-review.com/blog/youtube-case-study-widget-marketing-comes-of-age.php
1
YouTube Case Study: Widget marketing comes of age - Startup Review Blog
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dfranke
1,174,587,347
Five pounds of AJAX!
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patryn20
1,174,586,336
See, I wish there was a service like Y Combinator just for meeting co-founders. It is hard for people who are in non-tech areas (or at least, non-startup-friendly areas) or middle-tier public universities to meet people to start companies with.<p>Personally, I have been trying to get picked up by a startup so I have an...
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pg
1,174,589,264
Honestly, this is not a hard question. We're not asking you what you think we want as a return. We're asking what you'd take. <p>So if you think 3 million is a fantastic deal, then you haven't answered the question correctly. We're not asking what you think would be a fantastic deal, but what would be the <i>worst<...
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imperator
1,174,589,279
The figure you give depends on your feelings which are created from your internal and external circumstances. I immidiately asked myself the question, "What do I want?"<p>This was my answer: $2,000,000 for property, $1,000,000 for the house (I live in Silicon Valley), $2,000,000 for traditional reinvestment, $1,000,000...
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pg
1,174,589,067
"Approaching the question?" How about just answering truthfully? What would someone have to offer, assuming nothing else about the deal?<p>If you put some high number no one would offer, you're not really answering the question, are you? If you say you'd need 20 million, I'm going to ask: so if someone offered 19, y...
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dfranke
1,174,588,385
Anyone have any idea what the author's agenda is here? Why am I reading a hit piece on Shockley written 17 years after his death?
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pg
1,174,588,336
Ever wonder why a big co like Microsoft would have a "VC summit?" Traditionally the point was to explain where Microsoft planned to expand, in order to frighten VCs out of investing in companies in that area. VCs being what they are, that kind of thing works surprisingly well.
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pg
1,174,588,512
Bummer; I thought this was going to be an announcement about a new program where they closed deals quickly. The startup funding business needs something like that. Current funding procedures are a huge time suck for founders, who need to be working on their software, not spending weeks negotiating with investors. Mo...
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mattculbreth
1,174,588,634
That's funny. Steve's probably a good guy to do it, too. I met with him at a small roundtable when I was leading a consulting firm (Microsoft gold partner). He was great--spoke 200 words/minute about all of the products they had right around the corner. I wrote them all down and then checked about six months later....
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pg
1,174,588,693
Enough, obviously, because we've had several startups that got acquisition offers after three months.
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pg
1,174,589,600
You can't count Netscape; most of their traffic comes from people clicking on the wrong thing by mistake.
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far33d
1,174,589,449
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[ 5752, 5855, 5780, 5804, 5782 ]
http://www.mercurynews.com/ci_5493698
14
Netflix: Take as much vacation as you want.
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far33d
1,174,589,514
take home point, for startups and big slow companies: "The worst thing is for a manager to come in and tell me: `Let's give Susie a huge raise because she's always in the office.' What do I care? I want managers to come to me and say: `Let's give a really big raise to Sally because she's getting a lot done' - not beca...
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herdrick
1,174,589,470
Ignorable.
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herdrick
1,174,589,662
"Taking a $1M lump-sum means never having to work again."<p>Sorry, no.
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extantproject
1,174,589,916
I think talking to people in YC News comments works:<p>extantproject at gmail dot com if you want to throw some ideas around
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extantproject
1,174,589,601
YC physically creates that sort of group of peers. For those of us that choose not to make it out, YC News is fostering something similar on the web. It's not a replacement, but it's a good conversation starter. We might even see some startups from founders meeting online through YC News. Have there been any examples o...
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domp
1,174,589,938
Definitely. It was great to read this when I had the beginning stages of a company idea in my head. Made me think of it in a completely different way.
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motoko
1,174,590,484
The _real_ rules are:<p>1) Don't fail<p>2) Win<p>3) Don't not win<p>Also, see: <a href="http://thetravisty.com/Saturday_Night_Live/mov/Sexual_Harassment_and_You.htm">http://thetravisty.com/Saturday_Night_Live/mov/Sexual_Harassment_and_You.htm</a>
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mynameishere
1,174,592,138
Well, he was an advocate of eugenics. He looked at the data available to him and came to a reasonable conclusion. But "reason", you may have noticed, can really, really piss people off when it goes up against conclusions they've drawn from other sources. As an experiment, write down the 10-15 best arguments you have ag...
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pistoriusp
1,174,590,545
The lowest, R4,000,000 (ZAR), it's about $540,000.<p>Invested month-to-month at a fixed interest rate of 8% gives you more than R26,000 ($3,500). After taxes it's roughly R19,000.<p> I don't know about the USA but in South Africa this is a fairly decent amount of money to receive each month.<p>I would use the money to ...
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davidw
1,174,591,957
[dr evil]One miiiiiiiiiiiiiiillion dollars[/dr evil]
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pg
1,174,590,366
More Javascript. CSS for a lot of things we did with images. Pages could <i>look</i> a lot better. Otherwise it would probably be pretty similar. <p>I think Weebly may be planning to add shopping stuff, in which case they'll become it.
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mario76
1,174,592,701
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1
Is 'script' licensing (a la vBulletin) still an option for a web application?
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domp
1,174,591,033
Virb does look real good. My only worry is that it doesn't offer many features that matter to normal people. The best addition is the button to stop customization. For the majority of myspace users they're not going to care for most of the techie features. They could have some tricks up their sleeves though.<p>When Pur...
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pg
1,174,590,754
Hmm, I don't know. How could they get into funding and have any pretense of journalistic objectivity? And if they stopped being a good source of startup info, readers would go elsewhere, and they'd lose the original source of their power.<p>O'Reilly can go into venture funding without compromsing the original source ...
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joshwa
1,174,590,386
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http://www.mikeindustries.com/blog/archive/2007/03/virb-vs-myspace
10
Is Good Design a liability when you're trying to appeal to the Masses? (MySpace vs. Virb)
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motoko
1,174,591,104
Is this article saying that if you think that biological inheritable traits exist, then you will be a sociopath and a failure like Shockley ---despite the best science?
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python_kiss
1,174,590,801
What a relief! Thank you for sharing that. After watching everyone talk in millions here, I was concerned my "absolute worst" deal that stretched below $100k might hurt our chances of being accepted to YC. I am going to go ahead and put in an honest estimate :) thanks,
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JMiao
1,174,590,541
A senior VP at NBC recently asked me for my advice regarding digital media strategy, and YouTube obviously came up in the course of our conversation.<p>I'm still waiting to actually see what the service delivers, but I'm a bit worried for YouTube concerning how News Corp/NBC will use exclusive content to grab eyeballs....
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python_kiss
1,174,591,920
From the link: "What's in store for TechCrunch? Perhaps a new branch - TechCrunch Ventures?"<p>This is just speculative news. Though, it isn't inconceivable for Mike to take this path. He has, in the past, funded several startups (often unsuccessfully). Moreover, he is a well connected and recognizable individual in th...
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pg
1,174,590,997
If an organization even uses the word "overtime," they're not a startup. In a startup you just take it for granted you're working all the time. You don't have a special word for it.
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mattculbreth
1,174,591,070
I've personally used virtualization to reduce costs in a datacenter. We had two physical servers running VMWare with three virtual servers each. Worked great.
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pg
1,174,589,947
This will be an interesting data point about whether two giant companies (and not even technology companies) can produce something to compete with a startup. I think the odds are heavily against them. In fact, it might be worth starting the startup they'll have to buy when their own in-house development efforts fail.
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python_kiss
1,174,592,207
I am not sure what it would look like, but I am guessing it would be Google that buys it out this time :D
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bhb
1,174,594,857
I think I've stated our question poorly. It's not that we don't want to answer truthfully, it's that we're having a hard time converting what we want into a dollar figure.<p>Here's what we want: We want to work on cool problems. We want to make software that solves problems. We want to make enough money to live comfort...
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paul
1,174,594,580
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http://paulbuchheit.blogspot.com/2007/03/how-to-be-right-90-of-time-and-why-id.html
24
Paul Buchheit: How to be right 90% of the time, and why I'd rather be wrong.
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wysiwyg
1,174,595,075
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http://interviews.direcpod.com/2007/03/22/justin-tv-mobile-video-justin-kan/
2
Justin.TV Co-Founder Talks Up Live, Mobile Internet Video
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jadams
1,174,594,903
Well, obviously, this is for some reasonable definition of <i>have</i>.<p>The numbers work for me. I'm married, and have a mortgage.<p>I guess I was blurring the line between being retired and semi-retired. Were I to earn such a lump sum, my daily activities would probably look the same. I just wouldn't be working for ...
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jadams
1,174,595,425
Interesting policy. It sounds great, in theory, but would be hard to implement.<p>A recent employer gave me 3 weeks of vacation. Great! Never mind that they kept asking me to delay it, for a year because each artificial deadline they created ended up slipping. There's never a good time to take vacation.<p>EDIT Therefor...
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JMiao
1,174,596,466
I recently started thinking similarly about the "right 90% of the time" logic, so I'm glad I read this.<p>Thanks for another interesting entry, Paul.
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stevendavis0830
1,174,596,561
Where do I sign-up?
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RyanGWU82
1,174,596,942
A whole bunch of them have moved to San Francisco in the last 6 months.
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jadams
1,174,593,888
Okay, I missed the humour.<p>Regarding (2), though. I think making $3M in 3 months has a lot more to do with luck and hype than any inherent skill. So, obviously those numbers were pulled out of thin air. The likelihood of that happening is extremely low.<p>Also, having a job you enjoy is no panacea. Whenever you're wo...
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sethjohn
1,174,596,724
Again, it depends on how exactly you imagine the situation. If the choice was acquisition by Google for $2 million, or probable destruction by Google in a year...certainly I would take the former.<p>On the other hand, if I was passionate about the product and thought there was great potential for growth over the next f...
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joshwa
1,174,598,862
eh, wayback machine only goes back to 2004 for mikeindustries:<p><a href="http://web.archive.org/web/20040617123234/http://www.mikeindustries.com/">http://web.archive.org/web/20040617123234/http://www.mikeindustries.com/</a>
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pg
1,174,597,712
It probably means never having to work again on something you don't like. Esp. if you're young when you get it.
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pg
1,174,597,424
In a sense, by definition not, since good design is design that achieves its purpose.<p>Sometimes ultraclean design can send a message of fanciness or snobbishness that turns off "ordinary" people. But I think a good designer can temper that fairly easily.
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herdrick
1,174,597,741
"Direct Marketers have known for decades that a 'downmarket' look improves response"<p>Interesting. Source?
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aristus
1,174,598,165
3 years doing ads for the Yellow Pages and DM. This guy has the same conclusion with good examples:<p><a href="http://alistapart.com/articles/whitespace">http://alistapart.com/articles/whitespace</a>
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Andys
1,174,598,214
What struck me was how slick the platform was. I don't particularly care to watch Justin for more than just a few minutes, but if it was someone I did want to watch I'd probably load it up every night.
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horar
1,174,598,480
I tend to think of the people who were made uncomfortable by my antics instead, but I feel a similar sense of relief to be free of them. I've often found comfort in the H.G.Wells short story "The Country of the Blind".
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aristus
1,174,597,289
Heh. I would like to see the author's home page circa 1998. I will bet cash it had a textured background, MIDI file, cat picture, stock art animation, link to Lycos, etc.<p><i>Everyone's</i> first web page looks ugly. Most will stay ugly.<p>But there's something to the idea that ugly works, that worse is better. Direct...
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Elfan
1,174,597,198
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http://www.scribd.com/doc/88/Exciting-Times-To-Be-An-Entrepreneur-In-America
7
Exciting Times To Be An Entrepreneur In America
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amichail
1,174,598,517
I don't believe that most users will put up with poor design. <p>It's just that some sites like myspace have so much momentum that users will go to them despite their poor design because all their friends are there already.<p>The problem in terms of design is just the opposite. I would say that users' high expectations...
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bootload
1,174,599,154
a starter list can be found at yrumours ~ <a href="http://yrumors.blogspot.com/">http://yrumors.blogspot.com/</a>
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motoko
1,174,600,306
Quick quiz: To make the most profit, sell by:<p>- reason, to solve needs<p>- fashion, because they can be made to want it
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jward
1,174,600,000
I'd want to walk away and be able to look someone in the eye and say "I'm a dot com millionaire." So with the share structure, capital gains tax (guessing), and exchange rate the number I'd pull out of my ass would be four million for the whole shot assuming no dilution.<p>Three months is long enough to know if I real...
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far33d
1,174,600,607
<a href="http://jobs.netflix.com/cojobsFlix.asp">http://jobs.netflix.com/cojobsFlix.asp</a>
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capoeirista
1,174,598,490
This is an interesting question, and as a girl geek who is applying to y combinator and has worked for many startups, I can mention a few things. <p>1) Startup culture appears to be a boys' club. <p>a) Have you ever noticed that when you hire the first woman in any company, the dynamic changes? There's resistance to t...
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blackthorne
1,174,603,317
sounds good to me
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