One of the best, if not the best part of Uber is the payment. No tipping, no haggling, and no getting screwed, whether you are the driver of passenger. Don't need to worry about getting stiffed because it's already paid for.
Completely agreed. I recently applied to YCombinator and one of the questions asks how you plan on sharing equity.
Here was my response:
Everything I have seen, read, watched and smelled has made it clear that it is much better to be over generous with equity than to be stingy.
With that in mind I plan on following the Sam Altman model as follows:
Founder(s): 10%
First 10 employees: 10%
Next 20 employees: 5%
Next 50 employees: 5%
Vesting would happen after 5 years with a 1 year cliff.(I chose 5 instead of the 4 in Altman’s model because of the growing trend of companies taking longer to reach liquidity)
Not only would this model differentiate a startup from competitors to potential hires, like you mentioned, sharing the growth with those who put in the work is the right thing to do.
Besides, what can the gal who owns 10% of Google do that the guy who owns 1% can't?
I think Facebook is becoming a virtual contact list and birthday reminder, with status updates and pictures acting like mini holiday cards for events that are noteworthy but not significant enough to actually send out a card for(getting into grad school/new job).
Pretty much everyone is on Facebook under their real name, and it is the only social media platform where that is the case. The management consultant in me has a feeling that data is going to be worth a lot of money.
Google might know a lot about my interests but Facebook has my real name, real school, real job, as well as my interests.
I am a 23 year old at a large state school and I can tell you that snapchat is definitely the most popular social media app on campus.
It has completely replaced texting for a lot of my peers and in my opinion is best way to flirt electronically. Twitter and instagram are tied for second, with Facebook coming in last.
For what its worth, meeting someone who isn't on snapchat is unheard of, but I haven't added anyone on facebook since the fall term began.
Yik Yak is also on the rise but it's anonymous nature limits connections, and in turn growth.
My only advice would be to try to be more effective with your points. While you seem to have a lot of knowledge, giving the reader so much at once makes it feels like nothing is important.
I would remove a lot of the redundant or obvious points and try to consolidate others. I like the idea I just think asking someone to read 44 points and remember any significant portion is too much.
I enjoyed the article, I just don't know how much I would remember if asked about it tommorow. I imagine it would be a very valuable tool for newly hired managers inside and outside of engineering though.
I am not in agreement that its ok to commit murder because the war on drugs is bad. Those people should be held accountable for their actions to the full extent of the law.
I do believe that there are steps policy makers could take to remove the amount of people who find themselves incentivized to commit violent crimes.
I agree that the war on drugs, though misguided, should not shoulder the blame for the actions of violent offenders, but two wrongs don't make a right.
Is calling for changes to draconian and detrimental policies and condemning those individuals who commit violent crimes mutually exclusive?
Imagine if the government started paying people to break into houses. You would obviously be mad at your neighbor if they took advantage of the new policy, and rightfully so, but you would be a lot more upset at the government for even allowing the situation to happen.
Thr prohibition of drugs and organized crime are highly linked. Look at alchohol as an example. For all intents and purposes the war on drugs is a war against poor minoritites. All research has shown that it is not only innefectvie, but detrimental to families and communities.
I didn't get the vibe that PG was saying not to start a company in college. I may have misinterpreted him incorrectly, but to me the advice was to not do both simultaneously.
He does mention that there are certain things you can't do if you start a successful company at a young age, but to me the main point was that when you take on a startup you have to be completely invested, and if you're still in school it will be very hard to find time work on both the company and maintain your grades.