asterisk2a + scaling   42

The tech industry has cut a Google’s worth of jobs in the past 12 months
bigger companies, more profitable products, with less people. // “It would be wrong to assume that increased job cuts are a sign of weakness in the tech sector,” Challenger, Gray & Christmas CEO John Challenger said in a statement. “The simple fact is that the industry is going through a transformation and companies either have to shift their focus or risk extinction. We will always need technology, but how we interact with it, as well as where and when we interact with it, are changing rapidly.” //&! http://recode.net/2016/04/19/intel-chipmaker-mobile-earnings-restructuring/ - Intel missed the mobile revolution. Now it faces its day of reckoning.
Silicon  Valley  Unicorn  Instagram  WhatsApp  productivity  Software  Eats  The  World  Software  Is  Eating  The  World  Software  Revolution  Software  Development  Slack  Facebook  profit  maximisation  profit  maximization  winner  take  all  IBM  Intel  Microsoft  Salesforce  antitrust  overhead  cost  center  AWS  cloudcomputing  Cloudstorage  Netflix  Amazon  Azure  Google  Cloud  Google  Inc.  Alphabet  Inc.  Oracle  Mobile  Creative  scalability  scaling  scale  Snapchat  Twitter  Apple  automation  robotics  AI  artificial  intelligence  3D  printing  autonomous  cars  self-driving  cars  labour  market  job  market  skill  gap  skills  gap  homescreen 
april 2016 by asterisk2a
Five years, building a culture, and handing it off. - Laughing Meme
Nothing we know [ about X ] should be assumed to be true. // Technology is the product of the culture that builds it. // If you want to build for the long term, the only guarantee is change. Invest in your people and your ability to ask questions, not your current answers. Your current answers are wrong, or they will be soon. // Software development should be thought of as a cycle of continual learning and improvement rather a progression from start to finish, or a search for correctness. If you aren’t shipping, you aren’t learning. If it slows down shipping, it probably isn’t worth it. Maturity is knowing when to make the trade off and when not to. // You build a culture of learning by optimizing globally not locally. Your improvement, over time, as a team, with shared tools, practices and beliefs is more important than individual pockets of brilliance. And more satisfying. [ anti-Rock Star dev philosophy ] [ book by Red Hat CEO Open Organization ]
Start-Up  lesson  Start-Up  advice  Facebook  linkedin  Google  Google  Inc.  Alphabet  Inc.  scaling  corporate  culture  corporate  values  Failure  team  management  people  management  business  management  innovator  innovation  lefty  counter  culture  disruption  bottom  up  imagination  dream  disrupting  markets  Silicon  Valley  ecosystem  CEO  Leadership  of  You  Open  Organization  transparency  communication  community  community  management  Open  Source  accountability  equality  ProAm  Software  Development  Programming  programmers  continual  education  learning  accelerated  learning  learning  curve  Netflix  Etsy 
september 2015 by asterisk2a
Wellness in the workplace: how health initiatives can boost staff productivity | Guardian Small Business Network | The Guardian
Encouraging colleagues to exercise can help remedy strains and stresses – but there’s a fine line between wellbeing and piling on more pressure to achieve [...] “It offers the team opportunities to mix outside the workplace, so the engineering team gets to hang out with the care team, for example, and this contributes significantly to morale. I would definitely recommend other businesses consider a similar initiative.” [ investment in your company and people! ] [...] [its] about balance and tailoring activities to the interests of your staff. Provided you get this right, you can improve productivity levels and staff attitudes towards your business – in a 2013 survey by Mind, 60% of workers said they’d feel more motivated if their employer took action to support their mental wellbeing. [ gov should give tax incentive (partial write off) 4 health & well being programs! as it saves on sick days & NHS! ] &! bit.ly/1fDTyuf
productivity  well  being  chronic  stress  4-day  work  week  work  environment  workplace  happiness  index  sick  day  sick  population  health  care  budget  health  care  spending  western  lifestyle  western  diet  Standard  American  diet  pattern  diet  sedentary  lifestyle  Fitness  Start-Up  lesson  Start-Up  advice  mental  health  HR  human  resources  recruiting  recruitment  people  management  team  management  scaling  health  crisis  long-term  view  long-term  thinking  NHS  subsidies  subsidizing  financial  incentive  insurance  premium  incentive  UK 
september 2015 by asterisk2a
#TOA15: "Enabling Rapid Growth, a CFO’s Perspective" with Lee Kirkpatrick (Twilio) - YouTube
what got u to here, will kill u as u grow larger & larger (the usual (anecdotally) start-up chaos/shit-show will suck the life out of growth/co potential later on, need 2 build foundation/base/pillars/structure in form of CFO/COO/board/HR & some kind of processes 2 follow. so ppl dont have/will reinvent the wheel again. when? u probably will know it when u see it, but still can ask seasoned people who have been through it &/or ask 4 connections though ur VC. // keep being frugal, where possible. Amazon is still being know 2 be frugal. Door desks are still alive in Seattle Offices. No perks like Google/FB. Amazon made always losses, still makes losses via e-commerce unit. Had 2 be frugal otherwise it would actually been dead long ago. // Keep things in place that help/enable 2 grow! customer obsession (inventing in the name of the customer), response, service, keep adding value/value creation. // PLAY 2 WIN! FIGURE IT OUT as u go along around ur values!
Start-Up  advice  Start-Up  lesson  CFO  CEO  Founders  co-founders  scaling  bootstraped  bootstrapping  bootstrapped  Frugal  organizational  behavior  organizational  structure  corporate  values  corporate  culture 
august 2015 by asterisk2a
Squarespace and the love of optimizing constraints - Small Empires - YouTube
- hire so other people can solve problems, you don't have to do everything! when you wait too long, you get into a need, into a pressure situation you've created by waiting to hire people to help solve problems, do xyz. and bc of that you may compromise and hire because it would be great right now if that person would do it anyway, even if you have doubts about fit, character, values, ...
Single  Founder  Founders  Co-Founder  co-founders  Start-Up  lesson  scale  scaling  HR  hiring  human  resources  recruiting  recruitment 
august 2015 by asterisk2a
What Uber and Airbnb Are Up Against in China - YouTube
- China specific leader for business, native boots on the ground! - min 9 - youtu.be/WcnYafrqdMc // playbook is different from country to country, and very different from western world to asia or Africa or Latin America! because of very different consumer, culture, regulation, politics, ... --- need local partners! period. experienced boots. and lots of handshakes.
Uber  China  linkedin  AirBnB  SoftBank  Asia  expansion  global  trade  playbook  scale  scaling 
august 2015 by asterisk2a
Pando: A good problem to have: Andy Dunn and Phil Libin talk about the difficult decision to fire themselves
At the beginning of your company when you are always a couple of months away from going out of business and every crisis is an existential crisis, because all you’re trying to do is optimize for staying alive. That is the happiest and simplest time in your company… everything else is in the good problem to have category, which is like “Good news, you’re kind of successful that’s why you’re having it. Bad news is it’s more stressful than anything else before.” &! As a founder your instinct is to put something new in the world... you start a company because you are irreverent. You start a company because you want to create something out of nowhere, and the paradox is that if you are successful with that, and then a job evolves from an act of creativity and irreverence. Focus and execution and scaling become equally important as [creativity and irreverence]. You have to ask yourself am I a fit for what the job requires?
Start-Up  lesson  Start-Up  advice  MVP  Product/Market  Fit  Minimal  Viable  Product  scaling  Problem  Solving  accelerated  learning  Failure 
august 2015 by asterisk2a
Death of Popular Facebook Game FarmVille creator Zynga loses $400million Dollars in market cap. - YouTube
min 6 - [the why] // it isn't just about being a product guy, entrepreneur. you have to be a strong CEO and Leader. And you have to be a person people want to follow.
Zynga  marcpincus  Mark  Pincus  Leadership  vision  mission  impact  scaling  Start-Up  lesson  Start-Up  advice 
august 2015 by asterisk2a
Access To Startup Skills Threatened By U.K. Visa Review | TechCrunch
[ unable to move fast, execute fast ] Startups of course rely on filling vacancies by bringing skills from abroad — given it may be the only way to obtain relevant expertise when you’re working in such nascent areas. [...] According to the MAC’s call for evidence, the proposed changes being considered by the government include some potentially radical measures — such as: significantly raising the salary threshold; restricting which job roles are eligible; and removing the right for dependents of visa holders to be able to work in the U.K. [ salaries threshold, NHS already cried out loud foul as many foreign nurses would have to leave it threshold would be set at about 34-35 minumum earnings. ] [...] “The majority don’t… and several of the respondents said it’s already too complicated and expensive for us to go through that process,” he notes. [...] “populist politics” could pose a threat the U.K.’s digital economy [... quality of life in London less than in other US cities ...]
skill-biased  technological  change  UK  London  Start-up  Scene  ecosystem  skills  gap  job  market  labour  market  Supply  and  Demand  Demand  and  Supply  borderless  flat  world  HR  human  resources  hiring  lesson  advice  scaling  work  visa  immigration  productivity  output  gap  STEM  industrial  policy  David  Cameron  Tories  Conservative  Party  general  election  2015  election  campaign  promises  UKIP  sentiment  populism  propaganda  education  policy  European  Union  talent  pool  Europe  Scene  war  for  talent  Makers  Career  Politicians  No  Representation  competitive  competitiveness  competitive  advantage  competition  execution  digital  economy 
august 2015 by asterisk2a
Atari founder Nolan Bushnell on why life is 'a game' - BBC News
After his breakout success in the late 1970s and early 1980s, Mr Bushnell made several missteps that eventually led to some entrepreneurial failures and financial ruin. "When I was 35, I was insufferable. I thought I could do no wrong and I got really sloppy," [...] He chalks the creation of Atari up to a bit of good luck: "I was probably the only electrical engineer that understood television, and understood the coin-operated game business [from the amusement park] in 1969," he says. [...] Mr Bushnell also emphasises that the popularity of Atari's games was primarily due to his ability to find and hire talented, creative workers, including one you may have heard of - Steve Jobs. "I've always valued passionate employees over anything else, [...] But Mr Jobs, like a lot of his earlier employees, had passion and as a result, "was an extremely hard worker". // talks about internal leadership - youtu.be/fxIN9J3Vcv4
Atari  entrepreneur  Start-Up  lesson  Start-Up  advice  people  management  Leadership  passion  mission  vision  management  scale  scaling  hiring  Failure  intrinsic  motivation  identity  identification  Tribe 
august 2015 by asterisk2a
Question: How Do You Get Enough Experience to Apply for Programming Jobs? - YouTube
How jobs are advertised/written out (specs) is wide reaching. You can not be ever the perfect fit for any. HR (it at best qualified technical recruiter) doesn't really know how to communicated that and the manager always likes to have the best possible pool to choose from ... // enough has been written about how hiring/HR/diversity(from lots of vectors, not just gender) IS BROKEN - http://techcrunch.com/search/hiring#stq=hiring&stp=1 // // still there is a problem with ppl without university degrees/college degree (tech) being especially scrutinized (doing not good in interviews) having done 'just' couple of MOOCs/and Certificates "Quereinsteiger." // &! Rejection for Tech Professionals "you can't fail as long as you keep moving forward" - youtu.be/KG_WeQjuseU
HR  human  resources  Start-Up  lesson  Start-Up  advice  scaling  scale  career  advice  career  ladder  programmers  Programming  Software  Development  webdevelopment  Developer  developers  Quereinsteiger  Failure 
july 2015 by asterisk2a
Red Hat Used by NSA Spies, SELinux Possibly Bypassed
Sam Varghese today wrote that "the NSA runs its XKEYSCORE program for the most part on Red Hat Linux servers." The report he sourced said, "The sheer quantity of communications that XKEYSCORE processes, filters and queries is stunning. Around the world, when a person gets online to do anything there's a decent chance that the Internet traffic her device sends and receives is getting collected and processed by one of XKEYSCORE’s hundreds of servers scattered across the globe." They have hundreds of servers collecting over 20 terrabytes of data a day (and that's an old estimate). They employee a search engine much like Googles to search for key words, phrases, and whatever. // &! bit.ly/1ROfjZZ - Richard Stallman 'basically' has no problem with the NSA using GNU/Linux // https://www.nyse.com/quote/XNYS:RHT
NSA  surveillance  state  military–industrial  complex  Surveillance-Industrial  Intelligence  Agency  scaling  scale  FOSS  Wall  Street  profit  maximisation  shareholder  value  ethical  machine  moral  beliefs  ethical  beliefs  ethics  corporate  governance  corporate  values  corporate  state 
july 2015 by asterisk2a
bethanye Blount Velocity NY 2014 Keynote: "Build a Better Unicorn..." - YouTube
>> lot has already been blogged about how hiring for STEM is somewhat broken - http://techcrunch.com/search/hiring#stq=hiring&stp=1 // because of existing stakeholder look and talk the same and have the same education background. living in their own created bubble. prejudice against everything that is not them. --- thats what I read into the satus quo description. // &! &! OSCON 2013: Laura Weidman Powers, "Diversity in the Innovation Economy" - youtu.be/7HWKXUNrL8g &! youtu.be/oAzW1EmpxLA
Software  Development  HR  human  resources  Leadership  management  people  management  Start-Up  lesson  Start-Up  advice  scaling  economies  of  scale  hiring  hiring  process  pattern  matching  pattern  recognition  gender  bias  selection  bias  confirmation  bias  bias  Privileged  privilege  male  privilege  Silicon  Valley  diversity  Women  in  Tech  STEM  gender-based  discrimination  gender  politics  gender  policing  gender  inequality  straight  white  male  white  male  privilege  ethnic  minority  minority  black  minority  asshole  culture  brogrammer  corporate  culture  jock  culture  Campus 
july 2015 by asterisk2a
Reddit Alternatives: Where Will Ellen Pao’s Detractors File Out?
“Everytime I’ve been with a community, whether it be a Usenet group, or forum, or Digg, or Reddit, once it becomes popular, it attracts new people that don’t absorb the culture or share the same attitudes as the founding members. After a time, it gets worse and worse until, well, this happens. Hopefully it won’t befall this community or Voat or whatever new site takes the mantle of Reddit, but it almost always does in the end, people, sorry to say, just aren’t very nice in large groups, you add money/politics/special interest into the equation as well, and it just makes it doubly terrible.” // &! http://www.wds.co/3-contact-center-lessons-reddits-revolt/ - 1. Don’t underestimate how invested your agents are in what’s going on / 2. Ensure that everyone’s following the North Star / 3. Prepare for tomorrow’s CSR / [...] The lesson: your agents will increasingly become your brand advocates, [...] Ensure you#re always following the same north star, or risk a very public meltdown.
Reddit  community  community  management  Leadership  business  model  communication  management  user  generated  content  YouTube  Twitter  Pinterest  Start-Up  lesson  Start-Up  advice  scaling  scale  Ellen  Pao  Alexis  Ohanian 
july 2015 by asterisk2a
Reddit Moderators Are Locking Up The Site’s Most Popular Pages In Protest | TechCrunch
Reddit [...] is going through a serious revolt right now. The moderators behind a number of the most popular subreddit pages on the site — which are crucial to Reddit’s traffic and appeal — have made their communities private, thus shutting them off from the wider internet and new users, in protest at the departure of a key Reddit staffer and ongoing poor communications. // [...] [ One deleted Quora answer cited differences between Victoria Taylor & management to push more commercial AMA's (branded native content/advertising) and video (as revenue pillar), especially the latter running contrary to nature of Reddit. It being text). To sack Taylor without notice or transition period, shows how NOT deep involved upper management are in Reddit Mod Community. Especially the lack of tools, support & communication both ways - claims. & then the high horse type response from Ohanian is the kicker. Its like theyve asked for it. 'The straw that broke the camels back.' ] &! redd.it/3c0idl
Reddit  management  branded  content  native  advertising  community  community  management  HR  human  resources  business  model  Alexis  Ohanian  Ellen  Pao  Leadership  communication  user  generated  content  YouTube  Twitter  Pinterest  Start-Up  lesson  Start-Up  advice  scaling  scale 
july 2015 by asterisk2a
Reddit Is Tearing Itself Apart
via - redd.it/3bxua2 // &! bit.ly/1LMuYFb Reading some of the mods complaints and history, it seems Reddit management has a problem ... with management, internal communication and HR. plus a lack of leadership, vision, roadmap, plus lack of qualified engineers that help mods do their work, even thinks like approving pull requests for reddit opensource "Reddit Companion." All compounded by not making lots of money, instead using the round they've raised from A16Z to move to a more expensive office (see CEO yishan resigning over this move, and the stress of being the CEO of Reddit [meaning there is little deeper management structure and experience to fan out the work, responsibilities and stress.)!? << onforb.es/1IyJ5Mm // I think it is true if you describe internal reddit as still yet to grow out of chaos and daily little mistakes along the way that have start-ups with hockey stick growth!? Reddit is not ur usual Silicon Valley Start-Up. I has a very different story, thus problems.
Reddit  community  management  management  HR  human  resources  community  operations  Alexis  Ohanian  Ellen  Pao  Start-Up  lesson  Start-Up  advice  Leadership  team  management  product  management  people  management  business  management  project  management  business  model  communication  user  generated  content  YouTube  Twitter  Pinterest  scaling  scale 
july 2015 by asterisk2a
NOVA | The Great Math Mystery - PBS - YouTube
Is mathematics our physical world because it can only be describes in mathematics? Physics and its fundamental constants [#] (ie speed of light, sound, gravity, ...). Is mathematics the essence of the universe? // Lesson for Engineering & Programming min 48:30 :: "Engineers live in the domain of the approximate. We are fundamentally interested in the practical. So, frequently we make approximations. We cut corners. We omit terms and equations to get things that are simple enough to suit our purposes and meet our needs. [...] For us engineers we don't get paid to do things right. We get paid to do things just right enough." *Adam Steltzner, NASA (Jet Propulsion Laboratory)
Science  mathematics  Fibonacci  Pi  STEM  Universe  Albert  Einstein  Pythagoras  Nature  Golden  Ratio  Programming  scaling  scale  engineer  engineering  programmers  NASA 
june 2015 by asterisk2a
Snapchat CEO Evan Spiegel: What Is His Endgame? - YouTube
"This is fucking hard." << coming from a person from a very well off background, education, circle of friends. << never faced a wall he had to break through or make it happen by his own. // currently crowned winner at the 'SNACKING media entertainment game on the mobile phone.' // "Snapchat is doing something very important in the world right now." LOL // real question is can they scale advertising (ie turning a profit or be cash flow positive) till the time runs/road runs out to the IPO ... ie having to accept termsheets for a growth round not in their favour. Without loosing one eyeball. Pinterest seems to struggle and is tip toeing into the waters.
Snapchat  Evan  Spiegel  attention  span  distraction  attention  user  behaviour  mobile  homescreen  mobile  phone  mobile  first  Entertainment  WhatsApp  Instagram  Newsfeed  Facebook  Pinterest  user  engagement  user  experience  Silicon  Valley  IPO  scale  scaling 
may 2015 by asterisk2a
Cloud HR Startup Zenefits Is Looking To Raise A Giant New Round Of Funding | TechCrunch
Aims 2 raise up2 $500M at $3B+ valuation; Zenefits prev said it expected $100M ARR by '15; expects GAAP rev of $50M+ this yr; prev raised $83.6M // Free SAAS, makes money by receiving commissions from insurers. [NEEDS SALES & MARKETING hires to sustain growth trajectory and justification of valuation multiple.] By the end of 2014, Zenefits had around 500 employees, according to sources, but that number is expected to quadruple by the end of 2015. Last year, the company said it wanted to hire around 1,300 employees over the next 3 years. [Capturing Marketshare USA/Canada - hitting it with the baseball bat.] // youtu.be/KporpXG0XK8 min6 direct marketing/e-mail/hustle/hands on sales pitch > COO/Accounting/HR // youtu.be/7KmjzfK3f38 min 11 Start-up struggle, figuring it out along the way but having a sense // (2015) youtu.be/8DwlS_6jLAo "Hyperscaling Inside Sales" &! YC W2013 application video - youtu.be/-S83fysRwn4
valuation  Silicon  Valley  Zenefits  HR  Unicorn  growth  round  enterprise  2.0  SAAS  SPV  business  model  customer  acquisition  user  churn  customer  churn  user  acquisition  marketing  Box  DropBox  Salesforce  ZenDesk  user  experience  Software  Is  Eating  The  World  operations  freemium  scaling  LTV  scale  human  resources  hiring  Core  Product  Value  Proposition  sales 
april 2015 by asterisk2a
Startup UCLA: Fireside Chat with Jeff Jordan, Andreessen Horowitz - YouTube
13min value prop of a16z || min19 tenacious, going big, VC is hit driven business || min24 even those that are successes, there have been failures internally, a shit show, near death experiences || min29:50 SV ecosystem; capital, deep talent pool (network, experience, motoring, hand holding, guiding, supporting), support services (legal, banking), own gravity due to scale (attracts best). All 4 points support companies to scale and break through walls. + Brutal Talent Wars within SV for engineering talent. Scene needs some few hits (Berlin, London) and things could roll and grow by themselves. // min 39 - Consumer is hit driven business, more failures. While enterprise has higher hit rate and lower averages. // min 45 in current market, cant afford to go slow because of copy cats & opportunists & market slush with capital for proven ideas || min53 !!! >>> 'need to be an effective seller, not a sales person per se' to get capital, to get best employees, customers,
a16z  Venture  Capital  scaling  value  creation  Proposition  added  value  intangible  value  differentiate  differentiation  Ben  Horowitz  Marc  Andreessen  ecosystem  Silicon  Valley  war  for  talent  war-for-talent  Top  London  Start-up  Scene  Berlin  Scene  Manchester  Amsterdam  lesson  advice 
april 2015 by asterisk2a
Confirmed: Twitter Buys TenXer For Under $50M To Improve Its Tools For Engineers | TechCrunch
In TenXer’s own words, “tenXer helps engineering leads be better managers. Using the data engineers produce every day (via GitHub, Pivotal, JIRA, Asana, Slack, etc.), we deliver the key views, stats and insights managers need to be effective and to help their teams be more productive.”
quantified  self  Programming  programmers  Start-Up  advice  Start-Up  lesson  team  management  scaling  people  management  product  management  GitHub 
april 2015 by asterisk2a
Aaron Levie | Box | USC 2014 Alumni Entrepreneur of the Year - YouTube
min 36 - being a CEO. fill your weaknesses with confidants. self-awareness. << make your company successful. recruit the people that are great at x domain. make sure things are cohesive (mission, vision << product strategy) and execute execute execute!!! Still, operate Start-up like, have the structure, ... see Spotify ( https://labs.spotify.com/2014/03/27/spotify-engineering-culture-part-1/ &! tcrn.ch/1eJXzM2 ) &! Buffer " In 2015 we switched to a new organizational structure inspired by Frederic Laloux's Reinventing Organizations. This new structure eliminated the need for managers, bosses and formal hierarchy." &! &! min52 execution, always on, constantly (re-)calibrate, do the smartest things with your time (limited resources) &! (RoL) Return on Luck, exploit your luck & presented opportunity. exploit & maximise = execution. Uber wasn't the first! &! 1:05:00 spend money on contractors that do one off stuff that you are not able to do at a certain quality
Box  Aaron  Levie  scaling  management  people  management  product  management  project  management  Leadership  CEO  organisational  behaviour  organizational  behavior  HR  human  resources  learning  curve  growth  mindset  execution  decision  making  team  management  business  management  Start-Up  lesson  Start-Up  advice 
march 2015 by asterisk2a
Reinventing Organizations: Frederic Laloux: 9782960133509: Amazon.com: Books
How does work happen at Buffer? In 2015 we switched to a new organizational structure inspired by Frederic Laloux's Reinventing Organizations. This new structure eliminated the need for managers, bosses and formal hierarchy. The team now operates on a backbone of self-organizing task forces, meaning that people are able to propose, join and build within any task force at any time. We've seen this blur the lines of what it means to have a job title at Buffer because it's so common to see people working across a wide range of roles and responsibilities. &! https://open.bufferapp.com/no-managers-forest/ - via https://bufferapp.com/journey#what /// &! see also Spotify's approach - https://labs.spotify.com/2014/03/27/spotify-engineering-culture-part-1/ &! http://techcrunch.com/2012/11/17/heres-how-spotify-scales-up-and-stays-agile-it-runs-squads-like-lean-startups/ &! &! open.bufferapp.com/job-descriptions-diversity/
Buffer  Start-Up  lesson  Start-Up  advice  eStar  shareship  people  management  team  management  product  management  project  management  management  business  management  book  agile  scrum  Programming  STEM  Mobile  Creative  Mobile  Creatives  destruction  Future  of  Work  Office  Politics  Vision  Mission  scaling  Spotify  HR  human  resources 
march 2015 by asterisk2a
Sure Stripe has more cash, but does it have a path to exit? | PandoDaily
The problem with raising capital at nosebleed valuations is that the number of scenarios under which a positive outcome is possible becomes greatly diminished. By raising at $3.5 billion, Stripe, [... and Investors ...] — are betting that the company can exit at or above $7 billion. That’s a steep price and largely eliminates acquisition as an option. The list of potential acquirers is likely limited to Facebook, Google, Apple, eBay, Amazon, and Alibaba in the tech sector. On the financial side, there are the large banks and credit card companies. But it’s hard to see anyone ponying up $7 billion to acquire Stripe, which has yet to prove that it has a sustainable business or attractive margins. [...] Not every round requires a doubling valuation, and in this case, it may turn out that everyone involved would be better if more modesty was applied. [...] [ Merger of Square & Stripe as worst case scenario? ] [ & IPOs to forget - Box, Groupon, Zynga, HortonWorks ... ]
Venture  Capital  Stripe  Apple  Pay  PayPal  Google  Wallet  Bitcoin  Amazon  Alibaba  Rakuten  Silicon  Valley  growth  round  exitstrategy  exit  strategy  IPO  M&A  business  model  margin  AliPay  Braintree  mobile  first  mobile  homescreen  Platform  network  effect  economies  of  scale  scaling  scale  Venmo  valuation  ycombinator  Unicorn  Square  Wall  Street  mobile  payments  online  payments  creditcard  Visa  Mastercard  payments  micropayments  Start-Up  lesson  Start-Up  advice 
december 2014 by asterisk2a
NASA: We're sending humans to Mars | Hacker News
It's not a matter of public/private indeed, it's a matter of size. The bigger an organization, the more dis-aligned individual and collective incentives become. In a start-up you can't afford to harm the enterprise in order to further your own interest: if you act parasitically you'll kill your host almost immediately. In a big company, you won't make a meaningful difference, neither positively nor negatively, so you may as well serve your own interests, irrespective of their effect on the whole company. Corollary: people who want to play corporate politics concentrate in big companies, because that's where you can do it with relative impunity. Big private companies offset this competitive disadvantage through economy of scales and/or lobbying; public services do it through taxes and monopolies. NASA isn't inefficient because it's public, but because it's huge. // &! on a different note. improving NHS by managed market approach!? offering choice = competition, w care&quality standards.
Start-Up  lesson  Start-Up  advice  corporate  culture  personal  values  corporate  values  meritocratic  meritocracy  decision  making  economies  of  scale  scaling  scale  lobby  marketplace  efficiencies  marketplace  plurality  marketplace  inefficiencies  monopoly  NHS  oligopoly  oligopol  corporate  governance  crony  capitalism  creative  destruction 
december 2014 by asterisk2a
Immigration is about talent, not costs | AeroFS
via https://news.ycombinator.com/item?id=8687804 << comments. &! Interns get paid in Silicon Valley related to STEM! if qualified and "talented" and "fits." http://www.vox.com/xpress/2014/11/24/7275635/tech-intern-salary &! So interns cost ~6-8k/m @ SF/Palo Alto/Silicon Valley bc of cost of living!? ... in parts. But also bc of war for talent. Very different to Berlin Start-Up Scene (cost of living, talent & skills, competition for it & just starting out - developing ecosystem to support "Start-up Scene").
H-1B  startupvisa  USA  immigration  immigrants  Fachkräftemangel  Silicon  Valley  war  for  talent  Mobile  Creative  Mobile  Creatives  flat  world  globalization  globalisation  growth  round  ecosystem  scaling  Start-Up  lesson  Start-Up  advice  cost  of  living  Berlin  Start-Up  Scene 
december 2014 by asterisk2a
This is how Google kills your app — Medium
via - https://news.ycombinator.com/item?id=8510642 // don't build your business on other peoples platform, lessons from FB and Twitter as Platform. too many things you can't control. but will worry about every day ... total waste of bandwidth. ... it is still about Internet (caveat Net Neutrality and accessibility) and e-mail (caveat ie Gmail design and spam filters).
TOS  Platform  business  model  business  plan  Start-Up  lesson  Start-Up  advice  barriers  to  entry  uncertainty  Twitter  Google  Facebook  Amazon  scale  scaling 
october 2014 by asterisk2a
Report: You can startup anywhere, but getting big happens more often in just a few markets | PandoDaily
In these secondary and tertiary markets, there’s also a lack of experienced talent in many specialized fields, like enterprise SaaS sales. During his PandoMonthly fireside chat, Chris Dixon noted that this problem hinders even New York and Los Angeles. In the Bay Area, companies can easily bolt on 50 or 100 employees with relevant experience from the last generation of companies, but elsewhere this option is not available, Dixon explained. It’s hard to overstate the impact that this level of experience and hiring speed can have on a company’s growth trajectory. [...] the data still shows that getting big is much more difficult outside of major startup hubs. While this picture of the national startup scene may be discouraging, it’s really just a reflection of the last 20 plus years of deal making, and innovation, and failure. Today’s successes are earned with yesterday’s blood, sweat, and tears. [...]
Silicon  Valley  economies  of  agglomeration  economies  of  scale  San  Francisco  Berlin  Start-Up  Scene  London  Scene  scaling  scale  Start-Up  lesson  Start-Up  advice  Venture  Capital  knowledge  worker  domain  knowledge  knowledge  economy  labour  market  labour  economics  ecosystem  economic  history 
september 2014 by asterisk2a
At Alibaba, the Founder Is Squarely in Charge - NYTimes.com
Alibaba, a company started out of Mr. Ma’s apartment in 1999, is now a technology colossus worth more than American stalwarts like eBay and Hewlett-Packard. Under his leadership, Alibaba has become not just the dominant force in China’s e-commerce but also a symbol of the country’s breathtaking economic rise. The company has 250 million active buyers in China, and its orders account for more than 60 percent of all package deliveries in China. [... Discussing the business structure ie Cayman Island entity & V.I.E. and risks for shareholders ...] +++ Most members of the group declined to comment. In an interview, Mr. Shen defended such deals, explaining that Mr. Ma had formed a circle of trust, something common in Chinese business. +++ Analysts say that forging alliances with the government is a vital part of doing business in China. Companies see it as a way to improve their chances of securing approvals and licenses. +++
Alibaba  China  e-commerce  ecommerce  commodity  business  commoditization  Jack  Ma  Amazon  scale  scaling  IPO  Taobao  AliPay  Jerry  Yang  Yahoo!  SoftBank  transparency  accountability  ownership  structure 
september 2014 by asterisk2a
Silicon Valley has evolved -- it’s not about startups anymore | VentureBeat | Entrepreneur | by Armando Biondi, AdEspresso
The consequence? Silicon Valley is no longer the best place to start a company (unless you’ve already been living there for a while now, of course) because everywhere else is. And “everywhere else” is the rest of the world — with cheaper talent, lower cost of living, and good access to initial capital as well — but also the rest of the U.S. outside of the tech hubs. Whether that’s good or bad, I don’t know. But it’s something you need to be aware of. That has been my advice lately to a few people asking for perspective from a guy who comes from Europe but has spent the last few years in the Valley. It’s a wonderful place, but it’s a very challenging one also. So if you’re starting something today, DO NOT come to Silicon Valley right away. It’s less expensive, less risky, and probably easier to start somewhere else, due to less competition. +++ https://news.ycombinator.com/item?id=8182828 San Francisco Office Rents Seen Topping Manhattan in 2015 (bloomberg.com)
Silicon  Valley  Start-Up  advice  Start-Up  lesson  San  Francisco  war  for  talent  barriers  to  entry  scaling  scale  economies  of  agglomeration  economies  of  scale  Berlin  Start-Up  Scene  Europe  Start-Up  Scene  Lean  Start-Up  Mountain  View  Palo  Alto  Venture  Capital  Networking 
august 2014 by asterisk2a
Founder School with McKinsey - YouTube
growth can't be infinite in a finite world population. PERIOD. revenue 2x more worth for that margin - in terms of apples to apples company valuation. long-term thinking applies; we can later improve margins. lets focus on scale. market dominance/relevance. [...] getting over the 1bn figure is hard. Instagram. ... WhatsApp ... FB was overpaying (19bn) in order to have it, be relevant in that space, and not let it have anybody else. PERIOD. Was Strategic as Instragram was for Pictures (vertical). [...] Patent system is, can be, stifling in many ways. Because it serves as distraction from the Vision, the Product and the Execution. The current overall patent environment is prohibitive to innovation.
Start-Up  lesson  Start-Up  advice  business  math  business  management  shareholder  value  stakeholder  value  valuation  scale  scaling  growth  hacker  economics  business  model  revenues  revenue  Silicon  Valley  long-term  thinking  short-term  thinking  customer  acquisition  customer  retention  monetization  monetize  monetisation  business  plan  stifling  execution  Vision  product  management  Product/Market  Fit  Design  multi-product  company  patent  trolls  innovation  stealth  patent  troll 
june 2014 by asterisk2a
Founder School with Di-Ann Eisnor: How to Build a Billion-Dollar Business: Lessons from Waze - YouTube
great people that believe in the vision, less talk about vision - most of ur work week execute to let vision come to fruition. week by week, deal by deal, customer by customer, line of coder after line of code. [...] carmageddon; was luck. if you don't have it, you have to make it, engineer it. ie growth hacking; social sharing of relevant, valuable, contextual content ie via blog or other communication ways ('you are a content company, then/plus X - gary vaynerchuck'). exceptional cases - vial content, thought leaders, advocates - make your users advocates*, high profile people who are passionate about a topic might adopt and put always a good word in for your product ie guy kawasaki for canvas. *letting them take part of the journey in various ways - #engagement, #gamification. Min23 in; local quality curated ads as value added feature for user in line w value proposition. Learning to say no to everything that is not CORE to the VISION, the PRODUCT. + A brand as defensible advantage.
Start-Up  lesson  Start-Up  advice  scale  scaling  execution  content  context  growth  hacker  Gary  Vaynerchuk  gamification  Waze  Di-Ann  Eisnor  leadership  vision  adoption  community  distraction  learning  to  say  no  Value  Proposition  Product  Design  management  Product/Market  Fit  consumer  MVP  Minimal  Viable  Product  frictionless  friction  viral  brand  brands  branding  competitive  advantage  comparative  advantage  comparative-advantage 
june 2014 by asterisk2a
BBC News - 'No wage rises' until jobless rate falls to 5% says MPC member
Martin Weale said there may be more spare capacity in the economy than policymakers had previously estimated. +++ Bank of England 'puzzled' by productivity gap - http://www.bbc.co.uk/news/business-27857472 >> London Finance Centre Canary Wharf drove up productivity in the run up to the 2008 GFC :: UK workforce as a whole, lacking skills for the future, thus the productivity gap; Mobile Creative, Mobile Creatives, skill-biased technological change, knowledge worker, White-collar Worker, Blue-collar Worker. Year of Code is too late and a drop/tea-cup in the ocean. College needs to offer Computer Science Degrees (Technichal College), not just University. College's offers courses as "Beauty Technicians." Services Industry that does NOT scale. A locals hairdressers service can not be exported, sold and consumed in other countries. Period.
spare  capacity  output  gap  UK  productivity  recovery  2014  BOE  economic  history  unknown  unknowns  complexity  unemployment  structural  unemployment  economy  monetary  policy  fiscal  policy  austerity  Impediments  faultlines  structural  imbalance  productivity  gap  Mobile  Creative  Mobile  Creatives  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  workforce  Year  of  Code  21stcentury  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  education  Higher  formal  education  business  education  education  bubble  un-college  College  scaling  scale  microeconomics  macroeconomic  policy  microeconomic  policy  macroeconomics  macroprudential  policy  microprudential  regulation  Public  interest  retraining  STEM  education  policy  Career  Politicians  short-term  thinking  long-term  thinking  accountability  Politics  transparency  democracy  Democratic  Process  free  press  free  speech  pluralistic  society  plurality  pluralism  freedom  of  press  debate  discourse 
june 2014 by asterisk2a
Travis Kalanick of Uber - TWiST #180 - YouTube
MVP - minimal viable product, test of thesis; they rented a handful of cars with drivers in SF & build little app, the rest is history. make move to not have drivers but enable people to be drivers with income. Uber - elegance, design, ... this is now a brand, a status symbol. +++ on demand lifestyle, making magic happen via technology - employing STEM people. +++ could, because of supply liquidity, deliver, at premium, food to your door. +++ because of their technology, their platform, they either could licence out their problem solving platform (ie demand prediction - people just opening up the app - math is an operational cornerstone) to air transportation and or goods transportation. +++ Travis Kalanick at Startup School 2012 - http://youtu.be/rQ6GoY2_Ujw >> multi-product company - for different budgets. Operations, Scaling - one problem that needed solving, a Playbook for expanding from one city to the next. Changing how u live, over months. not decades, today's age.
Uber  Travis  Kalanick  Start-Up  lesson  Start-Up  advice  entrepreneurship  entrepreneurial  entrepreneur  status  symbol  system  design  Product  systems  design  brand  Personal  brands  branding  on  demand  Supply  and  and  Supply  ondemand  on  demand  lifestyle  magic  technology  STEM  reputation  Silicon  Valley  multi-product  company  travel  traveling  transportation  public  transportation  Platform  lifestyle  western  lifestyle  instant  gratification  frictionless  friction  accelerated  life  marketplace  efficiencies  marketplace  plurality  marketplace  marketplace  inefficiencies  business  model  mobile  first  urbanisation  urban  planning  Operations  scaling  algorithm  algorithms  algo  dynamic  pricing  mathematics  complexity  marketing  Viral  Airbnb  Utility  utilities  21stcentury 
june 2014 by asterisk2a
Startups: Wagniskapital - Deutschland scheut das Risiko - SPIEGEL ONLINE
Manchmal rappt Horowitz seinen Rat an Jungunternehmer und formuliert seine Management-Tipps mit Hilfe von Songtexten bekannter HipHop-Künstler. Wenn Gründer mehr Mut beweisen sollen, bedient er sich etwa bei Ice Cube und rät: "If you are scared motherfucker, go to church." Die Lobby von Andreessen Horowitz in einem eleganten Flachbau am Rande von Menlo Park ist dekoriert mit Originalaufnahmen von Atombombentests. Das alles wirkt manchmal etwas brachial. Aber trifft man Horowitz in seinem Büro, erlebt man einen sehr freundlichen Mann in Pulli, Jeans und Turnschuhen, der während des ganzen Gesprächs nicht einmal die Stimme hebt. [...] Dann spricht er lange und ausführlich über Regulierung und Arbeitsmarktgesetze in Deutschland. Dass es drei Monate dauere, ein Unternehmen zu gründen. Dass, wenn es nicht gut läuft, kaum eine andere Möglichkeit bleibe, als "gleich ganz zuzumachen", weil nicht schnell und einfach Personal abgebaut werden könne. Dass es an Unternehmergeist mangele. ...
Germany  Silicon  Valley  Berlin  Berlin  Start-Up  Scene  risk  taking  aiming  big  Start-Up  Start-Ups  FNAC  Google  Facebook  Twitter  Airbnb  risk  aversion  Marc  Andreessen  Ben  Horowitz  Venture  Capital  VC  entrepreneurship  entrepreneur  scaling  Andreessen  Horowitz  corporate  culture  disrupting  markets  disruption  skill-biased  technological  change  skill  skills  workforce  Book  regulators  regulation  Innovation  SAAS  SAP  SME  SMB  competitive  advantage  competitiveness  comparative  advantage  globalisation  globalization  Europe  Structural  Impediments  unemployment  imbalance  Mobile  Creative  Mobile  Creatives  technological  history  technology  Charles  Hugh  Smith  destruction  value  creation  manufacturing  engineering  engineer  Amazon  Salesforce  riskaversion  risk-taking  public  policy  Career  Politicians  accountability  transparency  Politics  Female  Founders  Women  in  Tech  progressive 
may 2014 by asterisk2a

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