PatrickSF
- 77 comments
- 41 likes given
- 13 likes received
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Love this: "Not only is it a good icebreaker with girls – a front on which they confess to having a conversion problem".
Niket: yeah, you're saying the same thing as I am with respect to getting your money back. that's a failure, crappy outcome, etc. as an investor, you're PO'ed to have the team you invested in get acqui-hired and take the easy way out instead of swinging for the fences. if all your companies did this, you'd go out of business.
Rohamg: got it -- took your "we celebrate failure" too literally. as written, it's not immediately obvious (at least to me) that you're saying you celebrate it vs. playing it too safe.
the sad thing is, lots of people in this space DO celebrate failure. take the beginning of ries' lean startup: he goes on a bit about all the people out there who started companies that totally went bust and they go on about how "much they've learned", etc. it's a natural spin apparently.
@rohamg You "celebrate failure"? Since when (and why)? Sure you learned something but nobody in their right mind (especially investors who lost money or simply received it back) champions failure like it's some decent outcome.
@2William Yeah I saw that and was like what-the-f... and then scrolled down to see if someone addressed in the comments!
Misleading sentence: "started by Facebook cofounders Dustin Moskovitz and Justin Rosenstein". Justin Rosenstein != Facebook cofounder.
@mcarney @PatrickSFyes, thank you. i have grammar issues that probably stem from childhood trauma. but what can you do? very much enjoyed the article otherwise!
and while we're on grammar lessons for the day, try 'nor' rather than 'or' when you follow 'neither'! http://grammar.quickanddirtytips.com/when-to-use-nor.aspx
protip: don't be afraid to use a comma -- or the good ole emdash -- to help readability. this sentence is desperately crying out for one or the other and is (objectively!) difficult to track: "Whether leaving such feedback is ethically fair, given the company’s efforts to rectify the situation is subjective at best."
* http://www.grammarbook.com/punctuation/dashes.asp
@KirkCaraway Way to bring those numbers in check. Paul either intentionally ignored this ratio, or well, just doesn't get it.
"It's easy to get 100+ subscriptions in a day if your pool of customers is the entire English-speaking world. NSFWCORP only has to sign up a very tiny percentage of that audience to be successful. Good luck trying that trick in a metro area like Charleston that has less than 600k population, and a median household income of $40k. "
@CBinsights @Jaime Ernesto Zingg! @Jaime Ernesto, you just got smacked by @CBinsights. Any response? Tapping out?
@fengtality Yes, they actually decided to cap the assets they plan to take at $120mm. And not try to get anymore. To, you know, exceed that $7mm in payroll. That's the business plan -- you nailed it!
"For example, a cardiothoracic surgeon might want to invest in companies that are innovating in the cardio-pharmaceutical space"
Yes, great idea. Find the stocks that correlate extremely closely to your income/ability to pay the mortgage and bet on them.
Umm, why not just use Google Doc-style multiple viewer/simultaneous editing? Seems far simpler.
TL:DR You can sell, loan, or hold them.
Love how he takes the opportunity to group himself into the "prominent international businesses". Surprised there wasn't a "successful" or "disruptive" in there.
Hah, I had this idea a year or two ago (as I'm sure many others did), but was far too lazy to try to code it -- or more likely, contract it out. Glad to see someone built it!
Hmm, I think this is the first post you've written that I actually like. Nicely done.
@statspotting You're still here, spamming PD readers with links to your garbage? How have they not banned you by now?
Why is there even a BitTorrent "company" (as opposed to just a protocol)? They beauty in my mind is that the protocol is open source -- and no company is actually required to do anything.