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.)
Exploiting Silicon Valley For Profit (and Maybe Fun)
71–80 of 121 posts
Re: Exploiting Silicon Valley For Profit (and Maybe Fun)
#72Earlier 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?
Re: Exploiting Silicon Valley For Profit (and Maybe Fun)
#73Earlier 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…
Re: Exploiting Silicon Valley For Profit (and Maybe Fun)
#74Earlier 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%.
Re: Exploiting Silicon Valley For Profit (and Maybe Fun)
#75Disturbingly 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.)
Re: Exploiting Silicon Valley For Profit (and Maybe Fun)
#76Earlier 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.
Re: Exploiting Silicon Valley For Profit (and Maybe Fun)
#77I'm curious, is the name "ZombiePlatypus" a reference to any specific recently acquired startups with monsters and animals in their names?
Re: Exploiting Silicon Valley For Profit (and Maybe Fun)
#78Earlier 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.
Re: Exploiting Silicon Valley For Profit (and Maybe Fun)
#79I'm curious, is the name "ZombiePlatypus" a reference to any specific recently acquired startups with monsters and animals in their names?
Re: Exploiting Silicon Valley For Profit (and Maybe Fun)
#80Google, Bing and HN Search all think that "Hacker Noise" is a neologism.