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Downvoted the best comment? That does it. I am going to start at the bottom of the comments from now on. :)
It is a stupid comment, without much content. Like the other reply, even if I agree, this is no way to say it. Our announcement is essentially saying the same thing, but elaborating to add information.
I'm sorry to hear it you guys; best of luck with your next venture!
I thought Tipjoy was great in concept, but ultimately they didn't seem to have either the technical or marketing chops to go up against other systems like Amazon's.
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It is a stupid comment, without much content. Like the other reply, even if I agree, this is no way to say it. Our announcement is essentially saying the same thing, but elaborating to add information.
I thought it added levity and gave a gentle ribbing (did you think it was harsh?) {shrug}... I've said the same thing when my own startups closed.
Best of luck to Abby & Ivan in their future endeavors It's refreshing to see this communal response to the closing of a startup rather than the typical icy headlines with droves of disconnected commentary...
Sad. The thing about "ramen" profitability is there's another level to be achieved after that, which I refer to as "opportunity cost" profitability. It's often much more challenging, and I sense it being an issue in this article.
Actually that's an excellent point that I don't see mentioned enough. Profitability enough to offset opportunity cost - ie, how much you'd be making if you were working in a "real job" - is indeed very hard to reach. Anyone can be "ramen profitable", defining that as say, under $1k a month. In fact, in actual good countries, you don't need to do anything at all to be able to eat. Australia will pay you $1k/month just…
FWIW, I don't think that's the case here.
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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. Our burn rate was slightly higher than most poor grad students, but not _that_ high.
The company hasn’t disclosed the exact amount of the funding, but says that it is just shy of $1 million. that doesn't exactly say under $1 million, its written more like 800-900K
"How much did you raise?"
"It's, um, shy of one million dollars."
Reporter writes "Am't raised: just shy of $1M" in notes.
I called this one also: http://apps.ycombinator.com/item?id=200025 Another YC company that will soon be going under or losing its founder will be loopt.
I called this one also: http://apps.ycombinator.com/item?id=200025 Another YC company that will soon be going under or losing its founder will be loopt.
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That entirely depends on how early, right? Advisers can definitely be worth more than a single engineer.
Yep, I think my big trouble is 'can' and 'will'. An engineer, being a full-time employee will come in and kick all sorts of ass, while an advisor may or may not help you make the right decision, make the right connections, etc. Not saying that it isn't good to give your advisors equity but just wondering if you might be better of hiring great engineers and giving them more equity. Probably need personal experience to…
Prove it, then get rewarded.