Viewing profile — portman

I mean, N=3, but I've made decent money on smaller exits. The relevant metric is not exit price, it's ratio of exit price to pref stack; i.e. raise $40M and sell for $50M, founder …

I believe the author made a simple math error. Economic returns of VC-backed companies follow a power law distribution. This means that the vast majority of the returns for the VC …

I had not realized that PG and his family moved to England. I also recently moved from California to England, so would be fascinated to learn more about the genesis of PG's move. (…

Wrong stock. That is the share price of an unrelated chemicals company. UKG is privately held.

>> then you should launch a payment processor that serves the market Checkout.com was most recently valued at $15 billion.

Sincerest form of flattery. Plenty of room in this market for all players.

Grow really fast. It’s fairly one-dimensional: if you are growing at +50% month/month, then you will be able to raise substantial rounds with minimal dilution. If you are not posti…

I have a year-old startup and this is the first major Internet outage we've had to deal with... was really awesome to have your play-by-play and definitely changed our incident res…

Quick note about secondary financings. Not targeted at you per-se as much as the large quantity of HN comments that seem to not understand the nuance. You can't include primary and…

Fascinating to read, thank you. “There are more soldiers in that board there than doctors” is one of the original comments!

akharris -- Any pointers on the most polite but firm way to defer speaking with investors when you're not ready to raise? We just raised Seed, and get 5-10 inbounds per week asking…

Meta: I urge you to post this again in a few days. Very sad to see it never “got heat” and its reach was limited. I think this is one of the more valuable posts this year and wish …

also $1.25MM x 3% = $37.5k Not $45k It is difficult to trust the calculator when arithmetic errors exist in the prose.

It may have started equal at founding and changed over subsequent rounds. I know of a case where 4 founders started equal and differed by order of magnitude by the end.

I had VIN #150,000 18 months ago, and they crossed 200,000 in May 2017 so it’s likely sitting at just shy of 300,000 right now. The 150k figure you are citing is US only (where the…

Isn't this particular test susceptible to confounding effects? Traffic fluctuates day-to-day, week-to-week, and month-to-month, so how can you be sure it was the presence-or-absenc…

It's a beeswarm plot, linked in the footnotes: https://bl.ocks.org/mbostock/6526445e2b44303eebf21da3b662732... As such, the x-axis is a metric about the population , not the indivi…

> The electric drivetrain, when coupled with a vast supercharging network... I took that to mean that the car exclusively refueled on Superchargers, so the fuel cost was $0. That i…

Not sure if it's related to load, but whenever I try it on a long-tail site (i.e. not one you would have precached) it comes back with information about google.com instead of the d…

Commercial air travel will serve just shy of 4 billion departures this year, with about 40 million flights. You are correct in the ratio (1:100) but I think you mistook departures …

>> Slack will also let employees and other shareholders sell equity to investors as part of the deal Translation: partial liquidity for founders and early employees.

Charge Donald Trump, Kim Kardashian, and anyone else who has 1MM+ followers. Charge them per tweet. They are the true economic beneficiaries of Twitter. (Like any software company,…

According to Google Trends we reached "peak Google" in 2013: https://trends.google.com/trends/explore?date=all&q=Google What's actually happened is that fewer people are using sear…

Can anyone from New England comment on why Vermont and New Hampshire are so different? Demographics and weather are similar, so surprised to see that Vermont is highly negative and…

>> after that incident Tesla put out an update preventing autopilot from being set for more than 5mph over the speed limit. That's not correct. I routinely drive with autopilot set…