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What's Actually Wrong with Yahoo's Purchase of Summly

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Re: What's Actually Wrong with Yahoo's Purchase of Summly

#211

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I'm looking forward to the compilation entitled "How to succeed at Yahoo".

Well, first they'd have to acq-hire me. I'm cheaper than $30 million, though. I am seriously considering considering going into business as an "unfuck your culture" consultant. If you're at the point where you're paying $6 million per head for talent, then I'm a fucking steal at $2500 per hour [0]. Sure, I will talk your ear off for 200-400 hours over two months and bill you for almost a million, but I will solve you…

These guys seem to have beat you to it: http://shitcreekconsulting.com

Re: What's Actually Wrong with Yahoo's Purchase of Summly

#212

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This "strange" deal actually did a few things for Yahoo: - people are talking about it (and not in a bad way, like it was with the telecommuting memo) - this may attract some fresh talent (just out of novelty; before, Yahoo was pretty much written off) - it's crazy enough, it's actually pretty energizing for the right kind of people on the inside On the other hand, I can only imagine what kind of internal HR issues t…

People are talking about it in a bad way. I don't think it's useful to hate or resent a 17-year-old for getting acq-hired (although it's pretty disgusting that he keeps the company of Mark Pincus and Rupert Murdoch; I'll give him till 21 to clean his judgment of character of such) but this reflects really badly on Yahoo. On the other hand, I can only imagine what kind of internal HR issues these acqui-hires may creat…

Any attempt to innovate in corporation is potential career killer. That is how companies work. So many smart engineers are just quiet and they just do what they are told (make they boss happy).

Re: What's Actually Wrong with Yahoo's Purchase of Summly

#213

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Surely you mean Ka-Shing ;-) The first investor was Horizons Ventures, the investment arm of Hong Kong billionaire Li Ka-Shing, who put in $300k.

That's what I call an aptronym.

Li Ka-Shing's right-hand man is Canning Fok, who is often referred to as, yes, you guessed it, Cunning Fox.

http://www.smh.com.au/business/the-sons-rise-in-the-states-2...

Re: What's Actually Wrong with Yahoo's Purchase of Summly

#214

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First: Je viens en paix. So, please, don't turn this into a mud-slinging competition. Also, because of the ambiguity that exists in the English language I should clarify that this is addressed to the general HN audience rather than to api. In other words, when I use "you" it is generally meant as the plural "you". I have a genuine problem understanding where anti-capitalism sentiment, particularly in HN, comes from.…

I think you took his comment a bit too far: the point is that the government is an institution that is meant to mitigate risks that cannot efficiently be dealt with otherwise. The risk of going to the moon before anyone else is such a risk (political motivations aside). Stating that the government can be an effective tool for mitigating risks associated with research is not an endorsement of everything the government…

I don't believe he went too far, I think he is just trolling. As someone who lost a close friend in a war and who had grandparents who lose relatives because of the Soviets and the Nazis, I think he's just talking bullshit in trying to advance the old Randian Gospel and its false dilemmas of calling everyone Socialists.

I was to answer him, but I could not believe he's doing this to listen,as he claim. I also would not hold my anger.

Re: What's Actually Wrong with Yahoo's Purchase of Summly

#215
post #175
post #157

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Mr. Ka-Shing himself, sure. He oversees every single investment his firm makes. I totally believe this. Besides, we don't know Ka-Shing isn't reading TechCrunch all day.

You usually don't get to be a billionaire without spending a lot of time in the office and working pretty hard. To give some apropos examples: Marissa Mayer is reportedly going over every Yahoo hire; _In The Plex_ mentions Page doing the same thing at Google.

His first Internet adventure was back in 2000...

http://news.bbc.co.uk/2/hi/business/655740.stm

"Police had to step in to keep order among investors queuing to buy shares as the internet gold rush swept dramatically into Hong Kong.

A crowd of about 30,000 people formed outside one of the few banks where small investors could apply for shares in internet firm tom.com.

...

Thousands of investors pushed and shoved through queues stretching back as far as half a mile to hand in their forms at the worst hit HSBC branch in Kowloon.

Analysts have predicted that the Hong Kong firm's share sale will prove to have been a record 2,000 times over-subscribed."

Re: What's Actually Wrong with Yahoo's Purchase of Summly

#216

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I am going to give Yahoo the benefit of the doubt. I have a hard time believing that they'd pay $30M to gain five programmers. There's a lot more to this than we are aware of. C'mon folks, if you think the math doesn't add-up (as an acqui-hire) don't you think the folks at Yahoo can do basic arithmetic as well. I've also read a few posts on this thread saying as much as "there are no smart people at Yahoo" or "everyo…

I have a hard time believing that they'd pay $30M to gain five programmers. That's a fairly standard acq-hire, actually. It's not just Yahoo that's paying over $5 million per head. It's ridiculous, when you consider that the value of an employment relationship (which can be ended by either party at any time) is set at 30-60 times the annual salary. (Just think about it: how is a relationship that lasts 4.5 years on a…

In the case of Yahoo! they already know that it sucks and I am sure acqui-hires is only one part of Marissa's strategy to turn it around.

Re: What's Actually Wrong with Yahoo's Purchase of Summly

#217
post #210

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OK, I grant you that. I did say I wasn't aiming my post at him though. I've just seen a --in my eyes at least-- seemingly blind pro-government, pro public-sector bend in HN that always seems to float to the surface and I simply don't understand it. I'm not fighting it at this point because I clearly don't understand it. I have to understand it first before I can go past that. Not a molecule in my body thinks this way…

> I'd love to understand. In my biased opinion I'd suggest you study western and northern European democracies. The government provides essential services (decentralized up to the district level) like education, water, streets, police, health care, social security for it's citizens. I'd rather have clean water and unbiased police and justice and free education. Every private company needs to maximize their own profit…

> The government provides essential services (decentralized up to the district level) like education, water, streets, police, health care, social security for it's citizens.

I wonder if herein lies the fundamental difference. I would never put it the way you have.

The people form the government and pay them to administer infrastructure and services for them. That is massively different than the "government does for it's people" view. One is almost a royals-and-subjects view while the other says, well, government of the people, by the people and for the people.

In my model we hire the government to serve us. They are nothing more than our employees.

The other data point I have is that as a youngster my family spent quite a number of years in Argentina. Monkeys would govern that country better than nearly any administration they have had to endure. I have followed their politics on and off over the years. To this day they continue to be raped and pillaged by their government. The only way you can characterize them is thugs, thieves and gangsters. It is quite possible that seeing some of the things I saw there planted the seeds for not seeing government as part of the solution as an adult. I mean, look at Cyprus.

Re: What's Actually Wrong with Yahoo's Purchase of Summly

#218
post #214

Earlier quoted context omitted.

I think you took his comment a bit too far: the point is that the government is an institution that is meant to mitigate risks that cannot efficiently be dealt with otherwise. The risk of going to the moon before anyone else is such a risk (political motivations aside). Stating that the government can be an effective tool for mitigating risks associated with research is not an endorsement of everything the government…

I don't believe he went too far, I think he is just trolling. As someone who lost a close friend in a war and who had grandparents who lose relatives because of the Soviets and the Nazis, I think he's just talking bullshit in trying to advance the old Randian Gospel and its false dilemmas of calling everyone Socialists. I was to answer him, but I could not believe he's doing this to listen,as he claim. I also would n…

Well, considering that my family lost quote a few members to genocide I think I am entitled to detest war. And, no, I am not trolling. You shouldn't be angry at all. This is just a conversation.

Pointing out that the vast majority of the technology stemming from state-funded research came from military programs is nothing less than the truth.

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