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MixergyNotes on Gurbaksh Chahal, founder of gWallet and self-made millionaire.

mixergynotes.com

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Re: MixergyNotes on Gurbaksh Chahal, founder of gWallet and self-made millionaire.

#11
gWallet raised $12.5 million, 2 months after launch

You mean after gWallet's second launch? I find it interesting that G never mentioned that gWallet initially launched as a coupon website (similiar to retailmenot.com), totally unrelated to virtual currency.

Mentioning a few of Gurbaksh's failures would have been enlightening.

Re: MixergyNotes on Gurbaksh Chahal, founder of gWallet and self-made millionaire.

#12

I watched the Mixergy thing and read these notes, and have read other stuff about this guy. I was in Silicon Valley when he built and sold his startups. At the time, I did not understand what his startups did, and I still do not understand how ad startups like this work or make money. I especially don't know why they make $300M instead of $3M or even $3000. How does the product work? How is it sold? Who buys this ser…

Feel the same here. The only people making serious cash on the internet seem to be either selling ads or running scams.

Re: MixergyNotes on Gurbaksh Chahal, founder of gWallet and self-made millionaire.

#13
post #4

Flagged as spam. The submitter, mixergyNOTES, has two submissions total, both pointing to mixergynotes.com; also, he has four comments (two of which were killed), all of which spam mixergynotes.com and are only tangentially related to the topic. http://news.ycombinator.com/user?id=mixergyNOTES

Wasn't trying to spam, it was just my first day posting on here and I was trying to understand it.

I got the jist of it now.

I appreciate your honesty though.

Re: MixergyNotes on Gurbaksh Chahal, founder of gWallet and self-made millionaire.

#14

I watched the Mixergy thing and read these notes, and have read other stuff about this guy. I was in Silicon Valley when he built and sold his startups. At the time, I did not understand what his startups did, and I still do not understand how ad startups like this work or make money. I especially don't know why they make $300M instead of $3M or even $3000. How does the product work? How is it sold? Who buys this ser…

If you're doing any sort of Internet startup, you should really try to develop an understanding of the online ad market, either to monetize your app or market it.

Ad networks are very simple- they connect advertisers with publishers and take a cut(usually 30-50%) of the advertiser's spend.

The reason BlueLithium was(and remains) so successful is that instead of targeting the entire network of publishers or simply segmenting them by channels/topics, they pioneered some rudimentary behavioral targeting to show ads to people who were more likely to click on them. This led to lower CPA/CPC for advertisers, which means they were willing to pay more for impressions. That led to BlueLithium being able to pay publishers more, resulting in rapid growth for the network.

Re: MixergyNotes on Gurbaksh Chahal, founder of gWallet and self-made millionaire.

#15
post #7
post #6

The suspect thing I see about this is that it doesn't link back to Mixergy at all or even mention that it is summarizing another websites content. Seems to step a little bit over fair use if it's an unauthorized site.

Andrew mentioned mixergyNotes in one of his interviews. He supports it and encourages others to find ways to use his content.

Ahh ok, that's fine then.
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