Here's a calculator for founder equity split: http://foundrs.com/calculator/index.php (I think its faster than reading the whole QA session linked to in the original post.)
Wrong post?
Don't. Waste. Time.
31–40 of 75 posts
Re: Don't. Waste. Time.
#32 >> Founder equity splits
Also, if you have problems working out founder equity splits, you probably have the wrong team.
Re: Don't. Waste. Time.
#33>> Founder equity splits The time to do founder equity splits is before you make a product that delights customers. If you think that is something you can work out after, you don't understand human nature. Also, if you have problems working out founder equity splits, you probably have the wrong team.
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Re: Don't. Waste. Time.
#34Re: Don't. Waste. Time.
#35When it comes to efficiency/effectiveness, I prefer to focus on "Do" instead of "Don't". Richard Hamming (from "You and Your Research"): 1. What are the most important problems in your field? 2. Are you working on one of them? 3. Why not? http://www.paulgraham.com/hamming.html Paul Graham's (from "Good and Bad Procrastination") generalization of Richard Hamming: What's the best thing you could be working on, and why…
One thing I've always wanted to ask PG is: does he think that helping smart people to get rich flipping companies (usually not by doing the "coolest thing") is cooler than making a great Lisp? One answer to why not, is: "No money".
Re: Don't. Waste. Time.
#36Great article. The other most important thing which should be avoided in the startups is "Premature Optimization"
Couldn't agree with you more. As long as the frontend works and appears fast to the end user, you'll most likely have the time to play around with the backend before you have to worry about optimizing and scaling.
Re: Don't. Waste. Time.
#37Good article. "Outsource all over the place" is so important. Pay some expert for a few hours of work that would take you a week (ie: healthcare). The one thing that I do think is important though is business cards. We got business cards before we even got 1 line of code written. It just seems like an established way to exchange info at events more so than using "bump", I think.
I have to disagree on using a broker for healthcare. From experience it is a lot easier to just call up Kaiser Permante than to use a broker who gives you a gazillion of things to choose from.
Re: Don't. Waste. Time.
#38When it comes to efficiency/effectiveness, I prefer to focus on "Do" instead of "Don't". Richard Hamming (from "You and Your Research"): 1. What are the most important problems in your field? 2. Are you working on one of them? 3. Why not? http://www.paulgraham.com/hamming.html Paul Graham's (from "Good and Bad Procrastination") generalization of Richard Hamming: What's the best thing you could be working on, and why…
One thing I've always wanted to ask PG is: does he think that helping smart people to get rich flipping companies (usually not by doing the "coolest thing") is cooler than making a great Lisp? One answer to why not, is: "No money".
The really cool thing about money is that it makes an excellent points system. It's neat that you can trade green paper for physical things, but more importantly money is a way to keep score to two decimal places.
Often times when people talk about money they are talking about resource gathering. At some point the resource gathering turns off and the money becomes an easy proxy for points.
So I'm not sure that creating another Lisp is less cool, but it can't be easily measured. What if IBM uses your Lisp for everything they do, how does that compare to another guys Lisp that has 6.5 million downloads. Who is cooler?
Re: Don't. Waste. Time.
#39Earlier quoted context omitted.
One thing I've always wanted to ask PG is: does he think that helping smart people to get rich flipping companies (usually not by doing the "coolest thing") is cooler than making a great Lisp? One answer to why not, is: "No money".
The really cool thing about money is that it makes an excellent points system. It's neat that you can trade green paper for physical things, but more importantly money is a way to keep score to two decimal places. Often times when people talk about money they are talking about resource gathering. At some point the resource gathering turns off and the money becomes an easy proxy for points. So I'm not sure that creati…
One might define a meritocracy as one in which the coolness signalling aspect of money is no different from the resource gathering aspect. You also raise the interesting point about the granularity of money: if IBM makes more money than the Lisper for her Lisp, does that make IBM cooler? It could.
Re: Don't. Waste. Time.
#40Earlier quoted context omitted.
One thing I've always wanted to ask PG is: does he think that helping smart people to get rich flipping companies (usually not by doing the "coolest thing") is cooler than making a great Lisp? One answer to why not, is: "No money".
The really cool thing about money is that it makes an excellent points system. It's neat that you can trade green paper for physical things, but more importantly money is a way to keep score to two decimal places. Often times when people talk about money they are talking about resource gathering. At some point the resource gathering turns off and the money becomes an easy proxy for points. So I'm not sure that creati…
Money is not a good point system, except if you think a big mac is more valuable than a book by Jane Austeen.