31–40 of 164 posts
Interesting to see Bertrand Serlet (EDIT: shit, I confused my ex-Apple Frenchmen. Jean-Louis Gassé was BeOS), the guy behind BeOS, among the early investors. He seems to have an affinity for good products that just don't quite make it.
Bertrand is the former SVP of software at Apple, where the founder of Everpix worked.
You know at some point we are going to have to sit back and ask "Where the F&*^K" does this $100M or $1B business number comes from. The minute I get the opportunity to put my money my mouth is, I will invest solely in lifestyle businesses: one to two guys/gals wanting to build a profitable business with a yearly dividend, one where if the team makes $500,000/year we are all extremely happy.
This is what separates you from the real movers and shakers: they just want to get in, get theirs, and get out, and they believe they're sufficiently smarter than the rubes to do it.
This is pretty dense stuff. We're working on putting together a more extensive and user-friendly site to make sense of this heap of data. Stay tuned. :-)
Earlier quoted context omitted.
My points weren't criticisms, they were merely highlighting the sentiment that comes from outside "the bubble" that is SV. It is unusual to people outside SV* to see such a high number (the % was just an additional data point that signals to non-tech people how much salaries constitutes tech startups). This has everything to do with the talent war - the market dictates that an engineer's salary must be $foo because F…
Aren't these numbers also so high because they took VC funding? The VC wants to throw the company against the wall as fast and hard as possible to see if it sticks. That means no time to roll out custom infrastructure, and hiring rockstar consultants just to build the product as fast as possible. The idea is not terrible, it's definitely better than doing everything the right way (tm) for 5 years, just to find out th…
It is sad that the industry is so anti-intellectual that we're actually afraid of computers now. Giving dell a CC# and giving them your hosting providers shipping address is not a complex or difficult task. There is no need for "custom infrastructure" to run a trivial web app. You buy servers, you plug them in.
Hey Guys, Thanks for posting this. Could anyone please clarify for me following things? I have just started to learn about startup capital. 1. Since company is now closed down what happens to Investor's money ? Do they just loose all or do owners have to return it ? ( sorry if this seems pretty noob but I would like to know it ) 2. What does 1 year maturity mean in convertible notes ? 3. Shouldn't the Net Operating I…
http://paulgraham.com/startupfunding.html
This Techcrunch article is about convertible notes but covers some of this stuff and has some good links in it (2012):
http://techcrunch.com/2012/04/07/convertible-note-seed-finan...
And a more lawyerly perspective (2010):
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> HR - $1,374,695.06 - or 52% of total costs Why would it be unusual for the majority of costs to be salaries for a company that sells services and develops products? This has nothing to do with the "talent war." That's just the way things work. What else would they be spending money on? > AWS - $394,588.35 - or 14% of total costs How much higher would that number have been had Everpix built out their own infrastruct…
My points weren't criticisms, they were merely highlighting the sentiment that comes from outside "the bubble" that is SV. It is unusual to people outside SV* to see such a high number (the % was just an additional data point that signals to non-tech people how much salaries constitutes tech startups). This has everything to do with the talent war - the market dictates that an engineer's salary must be $foo because F…
6800 subscribers. 2,665,192.34 in expenses. 50000 users.
$395 per subscriber per year. $35/mo.
Convert 10% more of users.... 5000 and it's still $20/mo.
Was this really $5/mo or $40/yr?
There had to be a story about HR plateauing and subscribers increasing an order of magnitude in 12 mo. - and it's still under water for another 2 years.
Who saw the writing on the wall and when did they start raising the warning flags? What happened from then on? What warning signs (talent leaving, investors glaring) showed up? When? How did they take form?
Earlier quoted context omitted.
> HR - $1,374,695.06 - or 52% of total costs Why would it be unusual for the majority of costs to be salaries for a company that sells services and develops products? This has nothing to do with the "talent war." That's just the way things work. What else would they be spending money on? > AWS - $394,588.35 - or 14% of total costs How much higher would that number have been had Everpix built out their own infrastruct…
My points weren't criticisms, they were merely highlighting the sentiment that comes from outside "the bubble" that is SV. It is unusual to people outside SV* to see such a high number (the % was just an additional data point that signals to non-tech people how much salaries constitutes tech startups). This has everything to do with the talent war - the market dictates that an engineer's salary must be $foo because F…
Earlier quoted context omitted.
Aren't these numbers also so high because they took VC funding? The VC wants to throw the company against the wall as fast and hard as possible to see if it sticks. That means no time to roll out custom infrastructure, and hiring rockstar consultants just to build the product as fast as possible. The idea is not terrible, it's definitely better than doing everything the right way (tm) for 5 years, just to find out th…
>That means no time to roll out custom infrastructure It is sad that the industry is so anti-intellectual that we're actually afraid of computers now. Giving dell a CC# and giving them your hosting providers shipping address is not a complex or difficult task. There is no need for "custom infrastructure" to run a trivial web app. You buy servers, you plug them in.
Everpix designer/cofounder here. This is pretty dense stuff. We're working on putting together a more extensive and user-friendly site to make sense of this heap of data. Stay tuned. :-)