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Star of “Startup.com” Charged with Accounting Fraud

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Re: Star of “Startup.com” Charged with Accounting Fraud

#11
post #7

Watched the film in 2001, still waiting for USPS to start scanning my PO Box mail and email it to me. Actually, they don't have to go that far. I'd take a simple email notifying me that I HAVE mail in my PO Box, and maybe who it's from. Would save me a trip a week probably.

http://thewhineseller.com/2012/03/usps-adds-needed-features-...

I remember seeing this on the USPS website a while back, but I haven't tried it myself yet.

Re: Star of “Startup.com” Charged with Accounting Fraud

#12
post #7

Watched the film in 2001, still waiting for USPS to start scanning my PO Box mail and email it to me. Actually, they don't have to go that far. I'd take a simple email notifying me that I HAVE mail in my PO Box, and maybe who it's from. Would save me a trip a week probably.

The USPS can alert you when you have new mail in your PO Box. You just have to go to your post office to get it set up.

Re: Star of “Startup.com” Charged with Accounting Fraud

#13
Oh man KIT Digital was one of the stranger companies I've run into over the years. They were in the process of buying everything they could get their hands on from Broadcast streaming to social games. Had some initial conversations about them acquiring my small dev shop at the time (we were too small for it to make sense), then they became a client. Even at that point as an outsider the whole thing seemed a little off.

At one point I was supposed to meet Kaleil at CES and our plans kept falling through. Finally as I was waiting for my plane back to SF I got a call from his admin asking if I wanted to join him at his table for the AVN awards that night (the CES dates always butt up against the AVN (porn) awards). I ended up passing....

Re: Star of “Startup.com” Charged with Accounting Fraud

#14
post #9
post #7

Watched the film in 2001, still waiting for USPS to start scanning my PO Box mail and email it to me. Actually, they don't have to go that far. I'd take a simple email notifying me that I HAVE mail in my PO Box, and maybe who it's from. Would save me a trip a week probably.

Have you considered using a registered agent service, e.g., Virtual Post Mail and Earth Class Mail? They do this, along with other services like check deposit, and it's only marginally more expensive than a PO box.

Yes and no. I really want the service as part of my local post office.

I wish I could keep my current PO Box that I've had for years but still have some of these features.

It would be awesome if the Post Office could:

A) Let me know mail has arrived, and from whom.

B) Mail be a box full of my mail once a month to my physical address. That way I can either drive in and get it, if it's urgent, or just wait for the box.

Re: Star of “Startup.com” Charged with Accounting Fraud

#15
post #9

Earlier quoted context omitted.

Have you considered using a registered agent service, e.g., Virtual Post Mail and Earth Class Mail? They do this, along with other services like check deposit, and it's only marginally more expensive than a PO box.

Earth Class Mail filed for bankruptcy recently http://www.geekwire.com/2015/heavily-funded-earth-class-mail... Edit: They're also who I thought this was about. I get Startup.com and Start-up Junkies mixed up. Start-up Junkies followed Earth Class Mail, and was also pretty interesting.

ECM is still very much functional, fortunately, this seemed like some kind of a restructuring move.

Disclaimer: customer for many years

Re: Star of “Startup.com” Charged with Accounting Fraud

#16
post #7

Watched the film in 2001, still waiting for USPS to start scanning my PO Box mail and email it to me. Actually, they don't have to go that far. I'd take a simple email notifying me that I HAVE mail in my PO Box, and maybe who it's from. Would save me a trip a week probably.

http://thewhineseller.com/2012/03/usps-adds-needed-features-... I remember seeing this on the USPS website a while back, but I haven't tried it myself yet.

I haven't been able to find a way to try this. I'm not sure that it exists yet, at least not everywhere. Seems like each year someone posts something saying that it may be coming, but I personally haven't seen it yet.

Re: Star of “Startup.com” Charged with Accounting Fraud

#18
Have you seen the movie? There is ZERO evidence in the movie that either Kaleil or his co-founder Tom are talented or successful. They're certainly, as mikek says in his comment at https://news.ycombinator.com/item?id=10547832, "driven"! But that's why they were seeking success by dishonest means in the first place. As IMDB says:

> The process of building the business focuses on obtaining venture capital based solely on the idea, with the actual mechanics of the website seemingly almost an afterthought, or at least one left primarily to the hired help.

Basically they were two guys who tried to capture a lot of value without creating any, basically by world-beating levels of hustle. That describes the story of KIT Digital, too.

(Don't forget that Kaleil stabs his cofounder in the back in the middle of the film, too — metaphorically, fortunately.)

I think this is a big problem with the current "entrepreneurial" ethos: you have people out there who are really honestly creating a lot of value, and then you have people like those guys who see a big pile of money and try to scheme up a way to skim a bunch off the top, making life harder for everyone who's actually contributing.

Re: Star of “Startup.com” Charged with Accounting Fraud

#20
post #18

Have you seen the movie? There is ZERO evidence in the movie that either Kaleil or his co-founder Tom are talented or successful. They're certainly, as mikek says in his comment at https://news.ycombinator.com/item?id=10547832 , "driven"! But that's why they were seeking success by dishonest means in the first place. As IMDB says: > The process of building the business focuses on obtaining venture capital based solel…

The problem is that some of the stories of great success are actually quite close to the ones that are outright scams.

It's harder to tell the difference than it probably should be. Around the 2000's there were a number of acquisitions of companies that were mostly hot air. It's a game of hot potato (don't pick it up!), if the investors make bank on your BS company then nobody will complain (except for the acquiring party, but hey, that's their problem...).

It is also hard to tell which companies are actually contributing and creating value and which companies are simply pumping money around. See: groupon for instance.

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