Viewing profile — nicholasdrake

there were some great quotes in this interview from bill gates... 'And he [Lee Kuan Yew] was not only just thoughtful, just the very idea that he would take parts of the Western sy…

it is not just a function of companies moving after they are successful. just look at silicon valley where most of the best start-ups are founded. silicon valley is a classic globa…

哇塞！

http://lao8n.com/2015/04/05/if-technology-growth-does-lead-t... the flaw in your reasoning i think is that there will be zero-sum fight to have the limited number of companies in y…

i think there's way too much group think in the Valley. it's carlota perez's overadaptation, overlearning the lessons of the recent past..

haha u have hit the nail on the head re: our bad pr problem..usually people go for indentured servitude rather than all the way to slavery though haha... we think equity>debt for s…

i think that's why you can't have western governments investing in students, because they don't have any money.. in fact my friend and i have applied to this yc batch with our idea…

someone should do this for apple/microsoft/general motors/general electric/xiaomi etc.

yeah i managed to find some of his stuff on youtube... seems like it was pretty marginal idea with benefits being an aggregation of software streamlining of traditional lending + s…

thanks... very interesting. i'm going to try and figure out why they failed lol!

it would be interesting to have two separate fantasy leagues. one just like this one . but another where investors get to see 2 minute videos with the founders just talking about t…

ahhh so it's less fantasy football more stock exchange where value is determined collectively by the market, as opposed to externally e.g. with fantasy scores every week. i underst…

this is a really cool idea.. its also great intel on the yc batch companies haha! how do you track returns? how much money the companies raise? what the companies are valued at? is…

My friend is a programmer and currently working on an education sector app. He's raised about $40k in funding but interestingly even though he could code himself he prefers to inst…

the statistical term is sample selection bias. to test the importance of mentors you'd need to figure out some way to compare to groups of start-ups which are identical in every wa…

thanks xander this is great feedback. hit me up on facebook if u get the chance ( https://www.facebook.com/DrakeNicholas ).. me and my friend actually spent 4hours last night compl…

i'm similarly baffled... but this is what elon says 'I think it's worth noting that when somebody has a breakthrough innovation it is rarely one little thing. Very rarely is it one…

'What percentage of a launch vehicle (rocket to space) do you think is the cost of labour? It's about 80-90%! It's labour!' Peter Diamandis, X-Prize

cool cool. yeah hn is great for a certain type of perspective on the world that it's hard to get elsewhere.. i suppose it's the hacker mentality lol well this is kinda random but m…

yeah it's difficult to tell... the narrative from all the vcs is it's all about the team, pg even goes as far to say that if you choose good people even if they initially have a ba…

a lot of top engineers are understandably going ot be risk-averse about taking low-salary for equity in a company that most likely will not work out... this however is not good for…

haha good point.. actually my friend and i are applying this summer batch of yc with an alternative to student debt financing of university... student equity.. from the student sid…

i only did one essay module in my entire time at lse (psychology lol) and i hated having to learn all the references haha so no advice. how are you finding lse? it's funny how the …

thanks for the feedback. yeah there is a definitley a danger that human capital just gets interpreted as slavery... i studied econ at uni where human capital is kinda the positive …