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Mint founder on Silicon Valley

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Re: Mint founder on Silicon Valley

#61
post #42
post #36

Earlier quoted context omitted.

You are completely distorting my point. It's like if I said I love chocolate, you'll say "OMG the things you should really love is your family blabla." Indeed. You can love chocolate and your family. Just like you can view facebook, mint AND curing cancer as "real problems".

So, Facebook is to chocolate what curing cancer is to one's family. That's an interesting view. I get your original point, and I still believe a more careful choice of words would have been more appropriate... An outsider who accidentally finds HN will probably think this is a community of slightly emotional retarded, detached, autistic nerds living in a complete fantasy world where the problems are server outages an…

I'm hoping a more normal person would simply not be interested in most of the topics that appear here. Another term for normal is that mythical average person, who by definition of average does not share your well beyond average and deep interest in subject X.

Having taken a brief look at your submission, I find them great, and hope no outsiders are voting them down because they are too technical.

Re: Mint founder on Silicon Valley

#62
post #49

Earlier quoted context omitted.

Exactly. Vimeo & Hulu replace all the value of YouTube. It is commodity free video hosting, there is no community at YouTube. Facebook is useful for me, but I wouldn't pay for it if I had to. I'd gladly pay for Mint. Mint has nothing to do with taxes like axod says. It is about budgeting and tracking expenditures. I used to get a statement in the mail each month from 4 different institutions related to bank accounts,…

>> "Mint has nothing to do with taxes like axod says." >> "If you are not one of those people who has money to keep track of or you don't balance your checkbook, then sure the value is hard to see." I was really trying to work out why Mint seems to be valued highly in the US. I can see some of the differences now. The idea of having a 'checkbook' is incredibly quaint to most people in the UK. No one uses checks anymo…

I don't write checks either. I've written 2 checks in the last 12 months. One for a used car and one for a bike. Both from private sellers so they didn't take debit cards.

I use my debit and credit cards all day. I never even use cash, primarily so that it all gets categorized automatically by Mint and I'm too lazy to do it for cash by hand.

But in my mind a debit card is the same as checks.

Of course I pay my bills online and have bank access online (you must to use Mint).

The difference I guess is that I'm using multiple companies. Why load up Bank of America, Vanguard, WSFS, Wachovia, Capitol One and Fidelity's websites and use 6 different interfaces on 6 different websites when I can use one unified one?

You seem to have an anti-US bias that you think we are stupid or something. It is a question of how you treat your money, not the tools available.

And you are horribly mistaken on the "burden of filing your own taxes", which again, has nothing to do with Mint. 99% of the work for taxes is done by the HR department at your office and by a tax accountant. I just hand the appropriate papers to the right people, and sign it at the end. Total timer per year: an hour at most. Maybe you shouldn't comment on things you obviously have no knowledge of.

Re: Mint founder on Silicon Valley

#64
post #49

Earlier quoted context omitted.

>> "Mint has nothing to do with taxes like axod says." >> "If you are not one of those people who has money to keep track of or you don't balance your checkbook, then sure the value is hard to see." I was really trying to work out why Mint seems to be valued highly in the US. I can see some of the differences now. The idea of having a 'checkbook' is incredibly quaint to most people in the UK. No one uses checks anymo…

I don't write checks either. I've written 2 checks in the last 12 months. One for a used car and one for a bike. Both from private sellers so they didn't take debit cards. I use my debit and credit cards all day. I never even use cash, primarily so that it all gets categorized automatically by Mint and I'm too lazy to do it for cash by hand. But in my mind a debit card is the same as checks. Of course I pay my bills…

>> "Maybe you shouldn't comment on things you obviously have no knowledge of."

Then I wouldn't be able to comment on anything at all! :/

Point taken, maybe things have changed in the US since I was there. My understanding of things was that people still got paid by check, paid bills by check etc, did not get free banking, and paid 'convenience fees' to pay things online etc.

Re: Mint founder on Silicon Valley

#65
post #39
post #35

Earlier quoted context omitted.

You are confusing a "real problem" from an entrepreneur's point of view, and a "real problem" from a global social perspective. I have been to Africa. I have fed the hungry, healed the sick, and vaccinated children myself with my own two hands. Interestingly enough, I wouldn't be in contact with the friends I made over there without -Facebook-. So don't tell me that Facebook "is basically a rolodex", because for me i…

Good point. But I stand by what I wrote before. The comment I replied to stated that: "Most people would go insane if they couldn't access youtube or facebook. Social media, music, video are real problems that people have, and need solutions to." Hence, it's about people's problems, not entrepreneurs' problems. Of course, it all depends what we mean by "people" and "problems". Fortunately, most Americans do not suffe…

Look, these are worthy causes you refer to, nobody disputes that. but you're basically presenting a a kind of zero-sum fallacy - there is only so much labor power available, disease and poverty are humanity's most pressing problems, therefore all other activity should halt while those are tackled.

This is a naive viewpoint. I am not going to argue that Facebook is somehow better than a cure for malaria, but the problem facebook solves - 'how can I efficiently keep in touch with the many different people I know?' - is important enough for individuals to find it very useful, and the network effects, plus what we learn about large-scale social networks, may well turn out to have broader implications. For example, a recent CDC study drew the conclusion that the most effective way to handle the current swine flu problem might be to target vaccinations towards young (Youtube seems even more flippant than facebook, devoted as it is to sharing video for entertainment purposes. On the other hand, if I wish to learn about malaria or some other serious problem, YouTube offers a way to access video about subject almost immediately. Putting such stuff on TV reaches a wider audience than any given YouTube video, but by necessity a passive audience and only at a given moment in time, rather than when someone is motivated and active enough to seek out that information. Again, not the goal of YouTube, but such a useful fringe benefit that we now take online video availability as as essential factor in future internet growth...and indeed, MIT are using YT as part of their strategy for OCW. One person's luxury can easily turn out to be someone else's utility.

Frankly, I think HN is quite good about propagating news of innovative non-computer hacks as well. Dean Kamen's water purification system was recently the subject of extensive discussion, and the criteria for what constitutes hacking is already pretty loose - tech-related, cheap and innovative generally qualify.

Re: Mint founder on Silicon Valley

#68
post #17

I'm ignorant on how the TechCrunch50 conference works. Does TC have any ownership stake in mint?

No, they just won the $50k prize... but it seems like Arrington got some (advisor?) stock if you see the exchange between him, Calacanis and Aaron.

We were joking about getting the $50k grand prize back from TechCrunch50 2007. :-)

Re: Mint founder on Silicon Valley

#69
post #57
post #52

Earlier quoted context omitted.

There's nothing wrong in discussing highly technical problems just as long as one keeps in minds that there are bigger problems outside one's small bubble.

The cure for cancer will likely be found in a highly technical way.

Thanks. That's the most obvious truism I ever heard.
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