The chart at the bottom is the most interesting part of this blog post.
Rap Genius has raised $15M from a group of premier investors including Andreesen Horowitz and yet their comps (according to Rap Genius, themselves!) are a bunch of black hat, spammy link farms containing music lyrics.
Growth at all costs. Concepts of "right" or "moral" don't exist. Only money exists. They're above the rules. They have insider connections. Untouchable, yo.
When it comes to ISOs, are there any tricks/loopholes to avoid the cash commitment required for early exercise but also somehow become qualified for long term capital gain tax treatment at the time of liquidation? I understand that is having one's cake and eating it too, but figured worth asking. Thank you.
Not only are these Mattermark posts becoming quite boring and repetitive, but for the company's sake it's time to move on. Readers of HN aren't going to make a purchase. And if entrepreneurs/hackers are the target market, then it's time to rethink that strategy a bit.
Not exactly. Here's a quote from the article: "The watch is lovely. Truly. Considering that I paid $125 for it - a reasonable price considering its potential - I'm happy with it and would recommend it."
This comment is terrible. For one, it's purely anecdotal with no evidence to support the statement "NYU is a school for rich kids". Have you really seen the wealth distribution of these individuals? Second, that very same statement is an attacking one, attempting to paint all "rich kids" with one brush as people who like "luxurious four year vacations." Do all "rich kids" not like to work hard? And finally, is there any proof that NYU is really anything like a "luxurious four year vacation?" - at least as it compares to any other university?
Dear dumb entrepreneurs who want to raise VC: bootstrap instead. VC forces you into a 'go big or go home' strategy. There's nothing wrong with going big, but just do it the patient, more sustainable way. And then you never need to worry about the points made in these articles. You just get to sit back and laugh at them while you're owning and running your own business.
P.s. there is a time and place where big time capital is necessary to start but most of those businesses aren't reading HN.
There's nothing wrong with going big, but just do it the patient, more sustainable way. And then you never need to worry about the points made in these articles. You just get to sit back and laugh at them while you're owning and running your own business.
This is our mindset. We definitely plan to be big (real big) but we're patient and we don't have to paint ourselves into a corner or take any bad deals by trying to do it all at once.
That's not to say that it wouldn't be nice to have more capital to work with, and that's not even to say that we won't ever take VC money. But if we do take VC money, the goal is to do it when we are well positioned to get more favorable terms.
perhaps even worse than privco's non-stop rubbish "research" is the naive reporting on this story without seeking a second source to verify "the facts". would it have pained the writer to at least request the so-called "financial documents"? such is the sad state of affairs in journalism these days (sigh).
This is an advertisement for an eventual product. We may as well be discussing the merits of Ron Popeil's latest blender infomercial. So let's stop voting up every ridiculous article submitted by this blog already and get back to real content.
All the points regarding why this post is so ridiculous have been thoroughly covered. I'm just pulling back the curtain on your exploitative use of HN as part of your grand marketing plan (in case it wasn't obvious).
Rap Genius has raised $15M from a group of premier investors including Andreesen Horowitz and yet their comps (according to Rap Genius, themselves!) are a bunch of black hat, spammy link farms containing music lyrics.