61–70 of 100 posts
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We were advised (in retrospect incorrectly) to be ambiguous and say "raised under $1M" when the amount we raised was actually much less. Advised?! By whom.
YC?
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I'd love to give YC advisory shares in a future startup. We're eventually dissolving the corporation, but need to handle cash out properly.
Give, or sell, shares? I am just wondering if you consider YC involvement so valuable that you would actually hand over shares just to have them on board in a venture.
Sorry to hear, my friend. I had a hunch it was coming; why move back to SF unless you were soon to be in need of a job (or fresh investors for TipJoy 2 ;)? I'm, impressed though. You stuck with it for a long time and handled the shutdown right and without a ton of fanfare. If only you hadn't lost all that money to me in Poker, you might have been able to keep running... ;) Give Abby my best!
The move to the bay area was independent of the shutdown. There are so many more opportunities, for biz dev, investment, talent, acquisitions, etc.
The whole story seems to repeatedly wave the arms and shout: "Hey, Twitter! Hey, Facebook! Here we are! We know how to do this! Hire us, hire us, hire us!!!". At least that's how I read the story. And I'm quite convinced it's their intent. Which shouldn't be a bad thing too.
Our messages was first and foremost to assure users that their money is still there. And then we made a comment on the market that we failed to succeed in.
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Tips don't really work. You need to sell stuff. Branding in the name sucked when we were pushing long and hard* to become a general purpose payments company. Our twitter API could power a full freemium model, subscriptions, etc. - but not enough apps on twitter used it. *twss
I've nothing constructive to add, but I just wanted to say the twss gag made me smile. =) At least you've still got your sense of humor.
What about poker night? Still hosting it in Arlington?
Alan (of Cloudant) is tryng to take the reigns but we haven't had lot of interest (granted, only a couple days notice this week). Subscribe to boston-startup-poker@googlegroups.com for more info.
Another YC company that will soon be going under or losing its founder will be loopt.
Stupid Market...
See Chagora (dot) com and CulturalEngineer.blogspot (dot) com (why chagora, live debate function and other related posts) for the role of the Pooled-User-Determined Account and the microtransaction as essential in politics and a catalyst for enabling the practical micro (and other)transaction in charity and commercial areas. The political microtransaction is a fundamental of speech. I believe this could have made Tip…
Stupid Market...