Matches for ninjashogun, 1788 total results Sorted by newest | relevance
Tue Mar 18 00:16:50 UTC 2014 <ninjashogun> More to the point - for our purposes - you would not have lent the young Steve Jobs $5000 yourself, even if he had to repay 10x the amount, 50x the amount, 100x the amount, ore ven 500x the amount (at any point in the future) All of which would have been in his power.
Tue Mar 18 00:15:41 UTC 2014 <ninjashogun> fine, a $100Millionaire
Tue Mar 18 00:15:13 UTC 2014 <ninjashogun> No?
Tue Mar 18 00:14:56 UTC 2014 <ninjashogun> mircea_popescu, the way I interpret that is that Steve Jobs used the $5000 to start Apple and make his friend a billionaire.
Tue Mar 18 00:13:12 UTC 2014 <ninjashogun> is this about the money jobs didn't share?
Tue Mar 18 00:13:02 UTC 2014 <ninjashogun> ok
Tue Mar 18 00:12:35 UTC 2014 <ninjashogun> mircea_popescu, in a lot of ways it's enshrined into the way MANY people think. Some of it is legal (only accredited investors can be targeted; accredited investors display groupthink). Other parts of it are cultural - a lot of people just feel the same way.
Tue Mar 18 00:11:37 UTC 2014 <ninjashogun> I know it from trying to build a hardware business, and suddenly seeing that none of that sliver is interested.
Tue Mar 18 00:11:26 UTC 2014 <ninjashogun> mircea_popescu, yes, I know this.
Tue Mar 18 00:10:38 UTC 2014 <ninjashogun> if they were two kids doing hte same thing in just about any part of the world, they would have nothing 30 years later.
Tue Mar 18 00:10:26 UTC 2014 <ninjashogun> To use another example. Steve Jobs and Steve Wozniak built what turned out to be $500B company in very large part on the investment climate in the area.
Tue Mar 18 00:09:44 UTC 2014 <ninjashogun> and his company may OR MAY NOT die. But if it takes off, it's (in part) due to investor sentiment.
Tue Mar 18 00:09:26 UTC 2014 <ninjashogun> Now you repeat hte same thing in Cal Tech and he has a term sheet for $1M at $3M valuation within 3 weeks of launch.
Tue Mar 18 00:08:55 UTC 2014 <ninjashogun> mircea_popescu, let me put it to you like this. If ughlol were farther along, and actually already convinced 10 engineers at his university to be 'cofounders' for equity totalling 5%, 95% to him (which would show GREAT founder skill) and got some traction. HIs company would still probably die, and those 10 people would leave. Because he is in India.
Tue Mar 18 00:08:03 UTC 2014 <mircea_popescu> ninjashogun or so you think.
Tue Mar 18 00:07:44 UTC 2014 <ninjashogun> mircea_popescu, I've lived in Boston, New York, San Francisco, Paris, Berlin (a bit) as well as some Eastern European cities. I've been interested in startups in all of them, have worked for one in the first dot-com bubble in the 90's. I can tell the difference between different climates and how people behave in them.
Tue Mar 18 00:06:56 UTC 2014 <ninjashogun> It shows you very clearly the role that VC money plays.
Tue Mar 18 00:06:39 UTC 2014 <ninjashogun> mircea_popescu, the ansewr is very simple. he would not have gotten an investment or interest from peter thiel. Or any VC. And nobody outside of 10,000 people would know the word "facebook".
Tue Mar 18 00:06:21 UTC 2014 <mircea_popescu> ninjashogun counterfactuals are good for reddit masturbation. this isn't a good venue for it.
Tue Mar 18 00:06:00 UTC 2014 <ninjashogun> mircea_popescu, let's walk through it. If Facebook had been the same in every way, except Mark Zuckerberg was transplanted to be an Oxford student instead (same skills, same drive, same ideas) - what would have happened?