51–60 of 120 posts
I'm always curious how this company will truly scale? Having this club at nightclub and bars is cool but what's next? How is it going to deal with multiple competitors coming out with "better" drinks?
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I would disagree, and I believe that others would as well. A 'millionaire' in my mind is someone with liquid assets of at least one million dollars. The company isn't worth more than $1 million until someone else exchanges shares or money for it for over a million dollars. VC funding does not make someone a millionaire, except in rare cases where founders are allowed to sell shares to 'take money off the table'. VC m…
That's pretty much the age old debate about wealth. But the actual definition of millionaire is "someone whose assets are worth more than $1 million". A VC investment is literally the exchanging shares for money. No it doesn't make someone liquid. Yes it does set something sorta like a market value, though it's usually really high. In more meaningful terms, that company now has $8 million in cash. There's almost no s…
Based on that article, we don't actually know if Lee has assets worth $1 million. This is all before even bringing up how liquid he is.
This is one of my most favourite "start up" stories ever. It almost feels like the "millennial" way of starting any business nowadays. Quitting your day-job, sitting in a co-op space, risking thousands of personal funds, building, and building, and building, and building, and then finally releasing something with no real idea of it's potential is an almost sure-fire way of failing, and risking your well being at the…
I don't get the obsession americans have with reducing huge demographics into single buckets. (I think part of it is historical, but another part of it might just be because the country is so big that you have to develop some way of reducing all that complexity.) I don't want to be overly negative in response to your largely optimistic post, but the behaviour of millenials lie in a hugely diverse spectrum which needn…
The irony.
This is one of my most favourite "start up" stories ever. It almost feels like the "millennial" way of starting any business nowadays. Quitting your day-job, sitting in a co-op space, risking thousands of personal funds, building, and building, and building, and building, and then finally releasing something with no real idea of it's potential is an almost sure-fire way of failing, and risking your well being at the…
Back in the day we just called this "starting a small business". It was the normal way of doing things before VCs were willing to piss away millions on mostly dumb ideas.
Why are we singing his praises here? He sells a hangover drink, and in order to not have to get FDA approval he calls it a dietary supplement. Chances are this does not work at all, and he's selling something with false promises and no regulation. Are we praising snake oil salesmen for their businesses acumen now? The Tesla connection seems like nothing more than click bait since it's not related, except maybe gave h…
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"Kudos to Tesla for not only being OK with this guy having a sidegig, but also not trying to be a jerk in demanding a cut. " Please don't give them kudos. This has to be normal behavior. Being employed by a company doesn't mean being owned by them.
Or, more realistically, since societally we are ok with companies doing pretty much anything that is within the bounds of the law and this behavior seems to be legal, maybe we should be giving them kudos?
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"Kudos to Tesla for not only being OK with this guy having a sidegig, but also not trying to be a jerk in demanding a cut. " Please don't give them kudos. This has to be normal behavior. Being employed by a company doesn't mean being owned by them.
Sadly, I think the bad behavior is relatively common. Two of the last three SV companies I’ve worked for assert ownership over everything you do or invent, even on your own time and on your own equipment at home. I don’t know if this is super common or not, or whether or not it’s legal, and I’m certainly not going to spend $XXX,XXX on a lawyer to find out!
Why are we singing his praises here? He sells a hangover drink, and in order to not have to get FDA approval he calls it a dietary supplement. Chances are this does not work at all, and he's selling something with false promises and no regulation. Are we praising snake oil salesmen for their businesses acumen now? The Tesla connection seems like nothing more than click bait since it's not related, except maybe gave h…
hn eats up get rich quick clickbait
ps: the cure for hangover is breakfast
Why are we singing his praises here? He sells a hangover drink, and in order to not have to get FDA approval he calls it a dietary supplement. Chances are this does not work at all, and he's selling something with false promises and no regulation. Are we praising snake oil salesmen for their businesses acumen now? The Tesla connection seems like nothing more than click bait since it's not related, except maybe gave h…