That doesn't even make sense to me because insanity is repetition, and entrepreneurs are creating new and innovative companies that are not remotely based on anything repetitive. How incredible strange. Why do people never get the definition of insanity correct?
Hellofax rock - been using them about 8 months and a huge fan!
Omg, worst article ever and so cynical. Muni is amazing - no smog or pollution, most buses run on time. They're not filthy and they're never so crowded you feel like you're on the London tube. Sorry, but apart from the cost ratio factor, I don't agree. Be proud of our electric buses. Yes, it's fine to walk and thousands do but we need public transport and Muni is not crap. Try LA's public transport for one day and you'll soon be hugging it out with a muni!
Gosh this whole blog/commenting is so insanely negative I need to disinfect my browser! This isn't a sexy industry so the show had to be pepped up for TV viewing. Raising $500k for hardware though in 2012 is a massive achievement. Some of the 'stars' were oddball, some were barely featured because they just code. But...give everyone credit for trying at least to portray something different.
The book isn't dead at all and I also got really lost in this huge blog post's direction 1/3 of the way through. Either way, the world doesn't revolve around only kindles, ipads etc and the valley. Books are incredible and they are absolutely going nowhere. Please be more respectful to books and its history.
Interesting - he's moving to LA so his family have a closer knit but he'll be not with them during the week while he's in SF. Good for him for a long range vision and sacrificing his own needs for his family priorities.
Fab article and yes, making money should never be the focus because it creates ill-intent and greed...which confirms you're never satisfied. Having an incredible product and innovating something that you truly believe in is key. I just saw an article in VB http://venturebeat.com/2012/12/11/seesaw-preview/ “I don’t really care if this product takes off or not,” Felser said (a Seesaw investor). This is the kind of stuff entrepreneurs should not be hearing from investors. A great entrepreneur believes in their product and their innovation...and so should everyone involved. That's what makes the Valley so unique.
Hmmm - two things. Airbnb didn't have their breakthrough at the convention. It was actually a false start because the second the convention was over, the traffic dropped and they had to start all over again. Their primary breakthrough (from talking with Nate) was realizing the apartment photos & overall image wasn't sleek enough so ramped this up and THAT was the breakthrough - trust in visuals to potential renters. Secondly - RelayRides have incredible traction from their GM deal. That totally takes them over the edge vs Getaround. They also didn't launch a year ago because I was involved in their early PR and that was around 2-3 years ago. Sorry to burst your article bubble :) And finally, why is your comment box not in ratio to the article font? Either the comment font is tiny or if I expand to 100% the article font is huge.
@Ben Parr Rooting for you Ben but the deck clearly says 'celebrities' are integral. So how can 'the hollywood angle been overemphasized' when it's in your deck as the core of matching LA to SV? This is a question, pure intention, not to antagonize - just asking :)
Interesting start up! To note: Finally, a percentage of gift cards are never redeemed, either in whole or in part, making them free money paid to the store - $30b of $100b gift cards a year are not redeemed. In addition, retailers cannot class this as 'revenue' for 7 years. At myTab.co, we focus on travel gifting, saving and negotiating with suppliers to make the customer funds stretch further. Good to see more start ups are actually being proactive like we are vs just another gift app!
Done!
Oh, so sad - like a Lifetime movie that doesn't end well. So sorry. No one knows how hard it is having a start up - it's a lifestyle change, everyone falls of the face of the earth and it's really hard work. What a lovely but tear jerker of a post :(
Bravo and Randi screwed the real ethics in this dire show - it's unrealistic reality TV and a total sham. But I don't believe SV is now getting glam because we're actually not a glamorous bunch of entrepreneurs. We don't have time for TV producers to tell us to go to amazing random places to maintain excitement for good TV viewing. Remember, you need drama to make a good show and SV doesn't have the core essence of glamour. We're all too dull compared to LA. I lived in LA many years and SF has a different sparkle. I think we're very safe :)
I heard today that the investors don't see it scaling fast enough. That concerns me - getting funding is for hard cash, mentorship and to give the entrepreneurs freedom to scale, according to the agreed business objectives. If the investor interruption was the cause of the shut down, then that's horrible. These guys worked 2.5 years and bam, after 3 months'ish, they're not performing so closing down? I feel so bad for the core team. SV is based on innovation and encouragement - some of the $b companies took years to get off the ground. It's not an industry based on 'you have 90 days or you're done' concept - that's not innovation. That's dictatorship!
I do not understand why people moan about email - it takes 0.01 second to control/delete junk mail. And if you don't want any other emails - don't have an email address. It's not a problem of email - it's a problem of people a: signing up to junk and b: not organizing their email life.
Not sure about this. I think that the gifting apps out there are way too similar so FB is just slam dunking them, unless they find a way to work together. Everyone kept telling me to turn www.mytab.co into a FB app and I refused to. I had a few reasons behind this including - controlling all our database pre-travel data, not wanting to complete with FB when (one day) they move into gifting (yep, I visioned that prediction a long time ago) and using a way to not conflict with everyone else in social gifting. Based on this, if we work with FB gifts, then great. If not, it doesn't remotely affect us since our objective is completely different. All the other gifting apps you've mentioned - they do have their work cut out for them. And I feel bad for them because every entrepreneur knows how hard it is to get going!
@Geekette What has that to do with anything? I have some on equity and some on salary - makes no difference on my start up. It should make no difference to Hamilton's or your theory of single founders either.
Very cool article and great that there are more non-tech single founders out there. No co-founder disputes and one storming off, causing havoc and more of focusing on getting the best team to work together. You're one in a million though of YC single founder sign ups and they state it really clear that they want co-founders but...you broke through the system and kudos to you!
They have to be doing something unique - if they follow the rest of them, they're just basically doing a 'front' for payments. And these kind of websites are destroying gift cards - $30b of $100b gift cards a year are not redeemed based on lack of value to the receiver. These guys better not add to the dire statistic :)