YC is now the best deal that exists.
[deleted]
Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
151–160 of 199 posts
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#152Earlier quoted context omitted.
Much like I look at "200,000 visitors! Whoa!" and think it is a big number, and you guys might think "Hmm, perhaps there was something interesting going on that second.", I think we collectively share a borked perception of what constitutes a big amount of capital. $150k is a meaningful amount for an early-stage startup. Multiplied by 40, that is $6 million. $6 million is, seat of the pants calculation, two orders of…
I wasn't thinking so much about the amount of capital as to the fact that someone is willing to risk it on someone else's judgment. Money managers aren't known for trusting other people with their money; if they were, they'd be their clients. That someone is willing to do this indicates to me that he considers this "play money", a little loss leader he can dangle to get in on much bigger deals later. It's not really…
All the amount placed into Muni Funds and ETFs is investing on other people's judgement : It's MASSIVE.
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#153DST is a money laundering operation. Yuri Milner is a criminal. I can't believe Paul Graham deals with these guys. He should understand that Russia is outside of his circle of competence. His smarts are not enough to make the judgement. Russia gets roughly $90B annually for oil and gas. Most of the money gets stolen one way or the other and ends up in the funds like DST. Dealing
Ternovskiy had told no one he was taking the Sunday-afternoon flight out of Moscow’s Sheremetyevo airport. But when he arrived in New York he found a car from Digital Sky Technologies, the Russian company, waiting for him at the airport. From the driver, he learned that an associate of Yuri Milner was already on his way to New York to talk to him. Back in Moscow, Milner repeatedly called Vladimir, a contemporary of his in college, and urged him to get his son to coöperate.
Andrey, ensconced in a New York hotel, was scornful. “Is that even appropriate for an investor?” he asked me. “Harassing and hounding are the only words which come to mind.”
Andrey Ternovskiy is the founder of Chatroulette. And the excerpt above is from The New Yorker http://www.newyorker.com/reporting/2010/05/17/100517fa_fact_...
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#154DST is a money laundering operation. Yuri Milner is a criminal. I can't believe Paul Graham deals with these guys. He should understand that Russia is outside of his circle of competence. His smarts are not enough to make the judgement. Russia gets roughly $90B annually for oil and gas. Most of the money gets stolen one way or the other and ends up in the funds like DST. Dealing
Not unlike quantitative easing here in the USA resulting in peoples' pensions and savings being given to VCs and funds.
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#155DST is a money laundering operation. Yuri Milner is a criminal. I can't believe Paul Graham deals with these guys. He should understand that Russia is outside of his circle of competence. His smarts are not enough to make the judgement. Russia gets roughly $90B annually for oil and gas. Most of the money gets stolen one way or the other and ends up in the funds like DST. Dealing
source?
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#156DST is a money laundering operation. Yuri Milner is a criminal. I can't believe Paul Graham deals with these guys. He should understand that Russia is outside of his circle of competence. His smarts are not enough to make the judgement. Russia gets roughly $90B annually for oil and gas. Most of the money gets stolen one way or the other and ends up in the funds like DST. Dealing
source?
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#157DST is a money laundering operation. Yuri Milner is a criminal. I can't believe Paul Graham deals with these guys. He should understand that Russia is outside of his circle of competence. His smarts are not enough to make the judgement. Russia gets roughly $90B annually for oil and gas. Most of the money gets stolen one way or the other and ends up in the funds like DST. Dealing
Not unlike quantitative easing here in the USA resulting in peoples' pensions and savings being given to VCs and funds.
Indeed. All these lucrative google and microsoft stock options are eventually paid by people forced to sell their homes to pay for health care and food.
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#158Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#159One potential issue I see is that YC companies might get complacent. I know that there are tons of factors that lead to the insane productivity that happens during YC, but I'm sure that the fact that many companies need to raise money or fail contributes. Also, the money might keep people working on bad ideas instead of giving up and trying something new. Obviously they could pivot, but $150k gives them the ability t…
I think it will only separate the men from the mice.
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#160DST is a money laundering operation. Yuri Milner is a criminal. I can't believe Paul Graham deals with these guys. He should understand that Russia is outside of his circle of competence. His smarts are not enough to make the judgement. Russia gets roughly $90B annually for oil and gas. Most of the money gets stolen one way or the other and ends up in the funds like DST. Dealing
Gary Kasparov has been uncovering similarities between Russian state and the structure of Cosa Nostra for quite some time. He continues this theme in the today's post on Davos and the BP deal.
http://www.kasparov.ru/material.php?id=4D43D80C5EB5D
In Russian, use google translate to read in English...