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VC's invest in tech. 85% of tech are male. Only 4% of females get funded and they're engineers. The innovation has become second to tech. That's the issue. More women entrepreneurs are creative, with exceptional credentials in their start up field. But they don't get funded because again, it comes back to tech, even if the males have zero experience in their start up. VC's need to change their attitude because they're missing out on incredible start ups. They need to focus on innovation and not gender. It's that simple.
1 year ago on Listen to our PandoWeekly interview with Catherine Bracy about inequality in Silicon Valley
So by saying 'we are the something of something else' kills the objective of innovation. Entrepreneurs don't just make a mash up, some of us create a unique business that can be said in 1 minute, but absolutely not 8 seconds. The idea of a start up is to disrupt and not simply mesh past successes because it's familiar and no-brainer to appease investors. Originality, unique and creating something different is what it's all about so sorry but I disagree with this narrow-minded theory :(
1 year ago on Why your startup pitch should be 8 seconds long
The most irritatingly fab game game ever but not late at night. Never play just before you go to sleep - you literally dream about dots flashing before your eyes...all night!
1 year ago on Joining the Dots: Betaworks’ popular game is headed to Android
Start ups should not be feeling 'forced' to have a business model - they should automatically have thought of this as paramount as the innovation! By not having a business model, it's like adolescent kids playing for free in a sandbox, funded by VC's. Obviously there are the success stories like Instagram that has zero business model, but to run a business, you should include a revenue stream as standard. Every other industry operates this why - why are start ups any different and feel they're absolved from using their brain to make money from their innovation? Ridiculous!
1 year ago on Betaworks’ John Borthwick: VCs are judging startups by the wrong metrics
His post was way too long and if he'd have just stated the specific facts, more people would have read it. Nevertheless, he must have reached breaking point based on the wrath he received, resulting in this rebuttal. This was to be a happy celebration and if his environmental facts are true, he deserves to put the record straight. So good for him for defending his ethics. But in future, a blog post vs a novel would be more sufficient.
1 year, 1 month ago on Sean Parker is right
What a brilliant article and absolutely true - tech is favored over marketing/branding repeatedly. But the more of us creatives, building companies and breaking through this barrier, is the key. Rules are there to be changed. Just because you have tech experience doesn't mean you have a clue how to launch - which is why you then bring in creative. So why not invest in the creative as equal importance as tech? Both are easy to find - coders are a dime a dozen, the same as creatives. So the shift towards tech centric bias as predominant, doesn't remotely make sense because it's exactly the same risk factor. The focus should be purely on the innovation as paramount, based on the founders experience. And there you go :)
1 year, 1 month ago on The startup bias: How American consumer product innovation and exports are being hindered
@jholyhead Actually it doesn't. You buy a home and rent all or part of it out. Your taxes increase annually along with inflation, the standard rent control also increases. Factually speaking, the rent control % increase per year is higher than inflation and taxes so landlords are still making profit.
And as Brian stated ('what you said makes no sense'), he needs to realize this before claiming such accusations: SF is based on a hub of people who want to make change and live in an inspiring environment. If they know each year, landlords will jack up rent to extortionate levels because some company in the valley goes IPO and rental prices increase so everyone moves up north, this kills the momentum of the energy and environment in the city. Entrepreneurs will then see they have 12 months exactly to make it big or they'll never afford next year's rent. So a smaller percent will only rent to avoid the risk while the others will live further out in the Bay area, reducing ongoing momentum through dilution of living dissipation. It's a no brainer.
You're a landlord then you have two choices: sell your place or abide by the laws for renting. If you rent out, you'll still make cash. It's that simple!
1 year, 1 month ago on A San Francisco rent control parable
Rent control does not stop homes being built! Your choice to rent out, your choice to buy, your choice to follow SF laws. If prices go through the roof annually, start ups dilute because its hard enough being an entrepreneur, aside financial security and a roof over head to pay rent. So don't rent, but don't be a schnorrer (sp) over your mortgage. If you don't like it...sell your home :D
You don't like rent control as an owner but for tenants, it's affordable living. How can you appreciate the SF startup life of budding entrepreneurs who make the whole system that SF is globally prided on, if you charge extortionate fees? So bite the bullet and aim for someone who'll stay a few years and then move on. Jacking up rent each month dilutes the energy. It's about the big picture, not just your wallet :)
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?
1 year, 4 months ago on Advice from investors at LAUNCH: Be insane, but not too insane
Hellofax rock - been using them about 8 months and a huge fan!
1 year, 6 months ago on With peer pressure and actionable advice, HelloFax aims to kill paper in 2013 (for good this time)
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!
1 year, 6 months ago on Muni is 100 years old. Too bad it won’t die like a human that age
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.
1 year, 7 months ago on The nightmare is over: Bravo dumps final two “Startups: Silicon Valley” episodes in another time slot downgrade
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.
1 year, 7 months ago on The book as we know it is dead
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.
1 year, 7 months ago on SV Angel’s David Lee stuns Valley insiders with a move to LA
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.
1 year, 7 months ago on What makes for a great entrepreneur?
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.
1 year, 7 months ago on How RelayRides can really put car sharing on the map
@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 :)
1 year, 8 months ago on #DominateFund badly misses the celebrity integration mark
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!
1 year, 8 months ago on Jifiti: the gifting app that might save Christmas for the brick-and-mortar crowd
1 year, 8 months ago on PandoPolls: Tell us what you’re thankful for and win a PandoMonthly ticket
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 :(
1 year, 8 months ago on The last day
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 :)
1 year, 8 months ago on Tech really is the new Hollywood…in all the worst ways
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!
1 year, 8 months ago on Loosecubes shuts down after raising $7.8 million in June
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.
1 year, 8 months ago on Submittable raises $750K to replace email (for real this time)
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!
1 year, 8 months ago on How many startups will Facebook Gifts kill?
@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.
1 year, 9 months ago on Getting into Y Combinator as a single, non-technical founder
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 :)
1 year, 9 months ago on Ziftit stealthily raises $2M to “make gifting easy”
@pawrks Such a pity I didn't know about you sooner or i'd have 100% included you in my galtime.com article from today! Love to catch up. You can email email@example.com (yep, .co) to chat more :)
1 year, 11 months ago on Puppy Power: BarkLoudly Promotes Animal Shelters, Rewards Volunteers
Great concept - i'm more pro animals than people so anyone doing any good towards the fluffy 4 legged BFF's, I totally support. It'd be great to elaborate on the people who can't afford to take care of their dog - instead of abandoning their pet, they can bring in their pet knowing pooch will be taken into a good home. I'd absolutely $ donate to that and encourage the owners with a reward for doing the right thing.
I only partially agree to this. I agree that someone creating a new innovation gets a really rough ride at the start (aka my start up www.mytab.co) but the second competitors start copying (and doing a really bad version of it), then everyone else will be happy. That's the problem in SValley - no one actually wants disruption, they want a sure bet with little risk. The amount of journalists who said they couldn't write about us because they had no comparables was my biggest test - so I started associating us alongside airline gift cards and it actually worked. Square pegs are the rare breeds so people should be a lot more appreciative of us!
2 years ago on What To Do When Someone Copies Your Startup
I know a ton of smankers...and btw, not heard the word wanker for years. Got very nostalgic for home! :)
2 years ago on You Might Be A Smanker If…
Love the fact that travel planning is now getting really competitive and a real survival of the fittest. I'm a massive fan of Gogobot though - they nailed the UX perfectly. I'm also quite happy that no one's tapping into our market area with www.mytab.co as it's a little bit too disruptive for the norm, within travel fundraising. This is a great time to be involved in travel and a massive makeover within the online sphere :)
2 years, 2 months ago on With Barely a Whisper, SnappyGo Has Turned 10,000 People Into Part-Time Travel Agents
Also makes me think that there's something going on inside Facebook to manage keeping the prices down, so maybe they can buy more stock with the intention of greater control of the company. Someone's keeping the price down for a reason...especially with today's numbers backing this up. This isn't normal for IPO - this is intentional for a private control purpose :)
2 years, 2 months ago on How Facebook’s IPO Got Hijacked | PandoDaily
Brilliant video and just totally icing on the cake with the dog pee'ing on the laptop. Learned a ton from this video!
Brilliant post Francisco. I'm a big fan of Randi but just not loving that this is a conscious business direction that truly breaks her into a new public image. She, of all people, knows entrepreneurs/start ups work demonically to create incredible stuff that the rest of the planet can benefit from. So how does anyone have the time to go out boozing? I certainly don't. It's 10pm at night and i've got at least another 5 hours of work to get through on www.mytab.co. And if I had the cash, i'd place bets that bartenders in SF will be heading home before I do!
2 years, 3 months ago on The Dumbing Down of Silicon Valley
@amkosh Try having humor when you're working like a donkey to make a great start up and then a show comes along that disses all the ethics value. Go on, have a go! (BTW, the ethics include working day/night/during sleep/sweats at night when you can't sleep etc.).
2 years, 3 months ago on An Open Letter To Randi Zuckerberg: How Could You Do This to Real Entrepreneurs?
Totally agree Sarah. I heard about this show on the grapevine and also another show that will be coming up by CBS, on a bunch of startups making it big in the Valley. This is Silicon Valley, not Sweet Valley High (yes, I did read those books once). As an entrepreneur (www.mytab.co), I work 18 hour days, haven't taken a vacation in 18 months (the irony since I have a travel start up) and other entrepreneurs I know also work their socks off. We don't have time to gallop to parties & booze it up because we're still bug testing till 4am and can't afford a hangover morning-off, never mind a $15 cocktail. If this show is as the previews are promoting, it makes the rest of us look like bridge & tunnel dance club fanatics. I believe i'll watch one episode to test the water but that's the only thing i'll be drinking, before I get back to work. Entrepreneurs lead a new lifestyle decision and bouncing from party to party just is the exact opposite of what we do.
Really like GiftDish concept and unlike other e-gifting sites who let you cash out through PayPal (i.e. no value to gifter or recipient), at least with GiftDish - the recipient actually receives an e-gift card. With my start up www.mytab.co, we're running the same value proposition but ours focuses on travel. Egifting has become really big now and with over $30b of the $100b gift cards never redeemed a year, sites like GiftDish and myTab.co are really making a point to accentuate the value objective online.
2 years, 3 months ago on GiftDish Makes Online Gifting Easy