181–190 of 260 posts
I feel this would be an appropriate subject for a Dilbert comic. Storyline is that someone accidentally left the dot out of $300000.00 to make it $30000000 and then everyone else went along with it for fear of looking stupid.
A decimal point? I always mess up some mundane detail!
Right after college I started consulting at an eCommerce company that had bought a 17 year old's website for over 1M. Had had built a gaming community site that had become very popular and they wanted the traffic. I thought the kid was just lucky until I was in a meeting with him. His thought process basically ran circles around everyone else in the room, some twice his age. I realized then, that there are kids, KIDS…
At first it seems that whether or not this deal makes sense to you depends on whether or not you're a shareholder of Yahoo or a shareholder of Summly. But keep in mind that if Yahoo didn't make a similar deal with ViaWeb a decade ago there may not be a YC or any of the companies they helped start.
For some who need perspective: Right now, somewhere in the world, a child is being born into an uberly rich family. That child will grow up to inherit millions for absolutely no work. He'll live the good life full of yachts and private jets. Right now, somewhere in the world, there is a party happening full of gorgeous wealthy people who need not lift a finger to attain the luxuries that they have. Their success is o…
This is good perspective and i think it's good to keep this in mind, but let's not forget the other end of the spectrum: Right now, somewhere in the world, a child is being born in a farm house with a dirt floor. That child will grow up to die in a civil war before age 14. Right now, somewhere in the world, there are people waiting in line to get food from a charity. Right now, somewhere in the world, someone is suff…
For some who need perspective: Right now, somewhere in the world, a child is being born into an uberly rich family. That child will grow up to inherit millions for absolutely no work. He'll live the good life full of yachts and private jets. Right now, somewhere in the world, there is a party happening full of gorgeous wealthy people who need not lift a finger to attain the luxuries that they have. Their success is o…
I regret upvoting you prior to finishing your post.
This is bullshit. Of course we can do something about it. We're members of a society, and if we collectively think something is bullshit, we can do something about it.
I'm tired of people looking at these absurd inequities and shrugging and putting their head down and hoping maybe they'll get lucky too. In the meanwhile, these people at the top are ensuring that only people like them can continue to succeed.
Let's tax everyone who didn't earn their wealth. Let's put an end to dumb gambles that only reward people born at the top.
Earlier quoted context omitted.
> unfair It's laughable that a programmer would worry about how unfair the industry is on the top end. Do you get how lucky we are compared even to other engineers? To say nothing of service workers who work much harder for much less.
Every now and again, if I feel I need more money, I take a look at http://www.globalrichlist.com/ and plop in my current salary. Though the numbers are probably a bit dated by now, it's quite sobering.
Earlier quoted context omitted.
I thought the point was that Yahoo, a public company, was throwing away 30 million for no apparent gain.
The are buying traction. That's 30 million dollars worth of it. It could make them back that much money by getting people to start using Yahoo again.
For $30 million, even an order of magnitude less, I think a lot of us could put together a team good enough to implement the Summly app. That's what's being questioned by the blog post.
Earlier quoted context omitted.
I'm 21, probably out of the definition of 'younger person' by a while, but even I don't get it. $30m is a lot for what I assume is an application of SRI's technology. Still seems to me like Yahoo! is a place where engineers are handed the purse strings, a la 2005 era.
I'd say so, Marissa Mayer was an engineer before becoming an executive.
Was she? Her career essentially started at Google, her rise arguably being one of right place/right time.
For all of the talk about Mayer, I have literally never heard about anything actually interesting that she has done. Instead it's her 90 hour work weeks, n-shades of blue, and abrasive attitudes with others. She sounds like management through and through.
For some who need perspective: Right now, somewhere in the world, a child is being born into an uberly rich family. That child will grow up to inherit millions for absolutely no work. He'll live the good life full of yachts and private jets. Right now, somewhere in the world, there is a party happening full of gorgeous wealthy people who need not lift a finger to attain the luxuries that they have. Their success is o…
This is good perspective and i think it's good to keep this in mind, but let's not forget the other end of the spectrum: Right now, somewhere in the world, a child is being born in a farm house with a dirt floor. That child will grow up to die in a civil war before age 14. Right now, somewhere in the world, there are people waiting in line to get food from a charity. Right now, somewhere in the world, someone is suff…
For some who need perspective: Right now, somewhere in the world, a child is being born into an uberly rich family. That child will grow up to inherit millions for absolutely no work. He'll live the good life full of yachts and private jets. Right now, somewhere in the world, there is a party happening full of gorgeous wealthy people who need not lift a finger to attain the luxuries that they have. Their success is o…
As awesome as it is for the guy, this doesn't change the fact that a Summly got paid so much for a 2 employees and a founder. I mean the app hardly had traction and $30 million can you get you a nice army of talented mobile developers with signing bonus'. $30M really isn't justified in this case.
Congrats to the summly team, but it's also really sad how desperate and pathetic Yahoo is.