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Exploiting Silicon Valley For Profit (and Maybe Fun)

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Re: Exploiting Silicon Valley For Profit (and Maybe Fun)

#71
post #5

Disturbingly accurate. • Make a sufficiently shiny, yet imminently disposable product. • Hoard employees (each one bumps your valuation by ~$1.5 million), be loud, get acquired. • Kill product. (You never cared about it anyway -- it was just a vehicle for ego and attention. Now that you've got your $5 million, you don't need the validation of all those silly pawns/customers anymore.)

[deleted]

Re: Exploiting Silicon Valley For Profit (and Maybe Fun)

#72
post #70

Earlier quoted context omitted.

I'm continually reminded of Neal Stephensons remark "I saw the best minds of my generation... writing spam filters." He talks a lot lately about how we've stopped trying to solve the really hard problems and instead are continually trying to sell digital "sugar water." *Source: https://plus.google.com/116416314233992548280/posts/NxCMjiQX... )

Wait a second. Isn't Neil working on a realistic sword fighting video game? Kind of hypocritical, don't you think?

Don't forget his employment at Intellectual Ventures -- which is largely regarded as a patent troll.

Re: Exploiting Silicon Valley For Profit (and Maybe Fun)

#73

Earlier quoted context omitted.

I'm continually reminded of Neal Stephensons remark "I saw the best minds of my generation... writing spam filters." He talks a lot lately about how we've stopped trying to solve the really hard problems and instead are continually trying to sell digital "sugar water." *Source: https://plus.google.com/116416314233992548280/posts/NxCMjiQX... )

Truly defeating spam in all its guises (SEO, commercials, daily offers, junk mail) is a pretty difficult problem. How do you recognize cleverly concealed data? Spammers constantly adapt to spam filters and new/pristine communications channels which catch on precisely because they are relatively spam free. Of course, spam filters also evolve, this kind of runaway adversarial co-evolution is what leads to systems which…

So I guess now all marketing is spam.

Re: Exploiting Silicon Valley For Profit (and Maybe Fun)

#74

Earlier quoted context omitted.

Zero risk return is way below 6% right now. I'm not sure where you're going to find anything like that. Berkshire Hathaway is willing to guarantee you a $205,000 annual income from that sum in an annuity, which is not a bad deal at all, but it's not 'never worry about money again', it's just a really nice salary, and would be substantially depleted in the case of any inflation at all.

Earlier in the year, you could get a 12 month CD in Australia for almost 6%.

The inflation rate in Australia was pushing 4% last year. That's a nominal return of 2.X%.

Re: Exploiting Silicon Valley For Profit (and Maybe Fun)

#75
post #5

Disturbingly accurate. • Make a sufficiently shiny, yet imminently disposable product. • Hoard employees (each one bumps your valuation by ~$1.5 million), be loud, get acquired. • Kill product. (You never cared about it anyway -- it was just a vehicle for ego and attention. Now that you've got your $5 million, you don't need the validation of all those silly pawns/customers anymore.)

Heard this recently, with a little more background history, and little less humor: http://www.youtube.com/watch?list=LL1tJgy-O6EgwisFV559z43w&#...

Re: Exploiting Silicon Valley For Profit (and Maybe Fun)

#76
post #61

Earlier quoted context omitted.

Zero risk return is way below 6% right now. I'm not sure where you're going to find anything like that. Berkshire Hathaway is willing to guarantee you a $205,000 annual income from that sum in an annuity, which is not a bad deal at all, but it's not 'never worry about money again', it's just a really nice salary, and would be substantially depleted in the case of any inflation at all.

If a guaranteed six-figure passive income is not "never worry about money again", I don't know what is.

You'd have to worry about inflation. It can quickly turn that six-figure income into a low five-figure income in today's dollars.

Re: Exploiting Silicon Valley For Profit (and Maybe Fun)

#78
post #58

Earlier quoted context omitted.

Bullshit. I live on roughly $18k a year net. buy a house, maybe doubles or PERHAPS triples my housing allowance. Have a wife and kids and things, in total, probably triple. I don't think people understand how to not waste money any more.

A modest house in the valley costs something like $500k. With a typical mortgage you can expect to pay about 1% of the total price ($5k). That's more than triple your total expenditures, let alone housing costs.

I assure you, it's quite possible to live an enjoyable life in a place that's much cheaper the valley.
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