Matches for ninjashogun, 1788 total results Sorted by newest | relevance
Tue Mar 18 00:45:33 UTC 2014 <ninjashogun> mircea_popescu, I think your model is a very, very fair one under normal circumstances. (Such as the Efficient Market Hypothesis.) However, I have very deep theoretical proof that your model is mistaken, and that these founders were in fact leveraging the same opportunity inefficiency that I am.
Tue Mar 18 00:44:31 UTC 2014 <ninjashogun> mircea_popescu, also, if my investors don't know of them, i can't leverage their background to get an investment, either.
Tue Mar 18 00:44:08 UTC 2014 <ninjashogun> mircea_popescu, so how would I learn from them? What use are they to me?
Tue Mar 18 00:43:40 UTC 2014 <ninjashogun> that's what they sold
Tue Mar 18 00:43:38 UTC 2014 <ninjashogun> https://www.airbnb.com/obamaos
Tue Mar 18 00:43:22 UTC 2014 <ninjashogun> mircea_popescu, fine. AirBNB had to sell Cereal. Yes Cereal. To fund their idea of a C2C ebay of Rentals.
Tue Mar 18 00:42:55 UTC 2014 <mircea_popescu> ninjashogun you know what the selection fallacy is ?
Tue Mar 18 00:41:48 UTC 2014 <ninjashogun> asciilifeform, again, this is why I mention that Steve Jobs (a kid who stole $5000 from his best and only friend to start Apple), Mark Zuckerberg (a guy who scammed a map website guy out of $2000 to start facebook), and Larry Page (a poor grad student who had to give $50B away in equity to get an immigrant to code up his Larry Page Rank), also did not have the means to play.They couldn't play. They did anyway.
Tue Mar 18 00:41:09 UTC 2014 <asciilifeform> ninjashogun: try 'gold phoenix ltd.' (china) for prototypes.
Tue Mar 18 00:40:04 UTC 2014 <ninjashogun> But you can't show an investor a mockup, and a bundle of wires, and say, imagine if the latter looked like the former!
Tue Mar 18 00:39:50 UTC 2014 <ninjashogun> Note that the wireless portion doesn't exist at all. I don't even have a specan (spectrum analyzer). The only eqiupment I developed is with large arduinos, as well as mockups of what it could look like.
Tue Mar 18 00:39:17 UTC 2014 <ninjashogun> (this is certified 2.4 ghz wireless equipment, this portion)
Tue Mar 18 00:38:51 UTC 2014 <ninjashogun> I don't mean to say anything about hte level of ambition you have in your hardware startup but usually a certified lab for developing ours costs $60K, which I am going to do on about $8K in used eBay equipment.
Tue Mar 18 00:38:44 UTC 2014 <asciilifeform> ninjashogun: nope. and i'm not a baron, duke, anything, no titles of nobility
Tue Mar 18 00:37:58 UTC 2014 <asciilifeform> ninjashogun: i know what you'll answer: 'having a day job sucks.' and sure. but then you can pay for hardware, prototype runs, etc. without begging
Tue Mar 18 00:37:57 UTC 2014 <ninjashogun> asciilifeform, did you already discuss a $7M investment, implying a valuaiton of $15M, with a VC who has recently made a $400M exit in another consumer hardware company?
Tue Mar 18 00:36:15 UTC 2014 <asciilifeform> ninjashogun: if i were anyone else, i'd swallow this. but i'm doing much the same thing you said you did (hardware startup) but without passing begging hat
Tue Mar 18 00:36:06 UTC 2014 <ninjashogun> asciilifeform, in startups, on the other hand, it's usual to build an MVP using processes that don't scale, and without spending much money, until financing is secured.
Tue Mar 18 00:35:44 UTC 2014 <ninjashogun> asciilifeform, I know how one "traditionally" secures capital, but it is usually against assets such as a house, etc.
Tue Mar 18 00:35:01 UTC 2014 <ninjashogun> asciilifeform, at this point I need the loan in order to get to the stage of prototype that the investors need to test (as part of their due dilligence also) and see in close to the final form factor.