But seriously, why are you limiting yourself to PHP and jQuery? JQuery especially - really odd considering you could easily work with any framework if you have the JS background...
Well I have a lot of experience with 16 hour/day work weeks (have worked at banks most of my life). Yeah, you're right, it's not fun.
It really comes down to the time-sensitivity of your work. For someone in their 20s, I think the perfect balance is less than 80 hours/week but more than 40-50. If you're being paid two standard deviations over US median household income ($120k+), you're going to be expected to put some work-life balance on hold.
"Knowledge worker" makes you sound like you think programming is rocket surgery. VC is actually much closer to knowledge work than programming, and could more realistically have 16-hour work weeks.
I completely agree. It was more that I ended up going into finance, so GPA became a sticking point. It all turned out okay - I just wonder whether Columbia could make CS less brutal.
I can guarantee that they will lose to Interactive Brokers on price. IB has structural cost advantages in internal matching and zero customer service (possible given the more advanced user base). It's also very very stupid for a retail investor to chose a broker based on fees.
A 10-25bp difference in execution on a $10k+ trade easily covers any commission.
I was curious because I recently finished my two analyst years in ibd (@ a bb), but switched into PE instead of a startup, which I was considering. Always interesting to hear the other side.
Not a big fan of capital structure above common for early-stage investing. Too much possibility of fucking over the common. Why not bundle a non-expiring warrant with convertible preferreds?
Consider also how much harder this will make private placements.
Part of the reason this is not a good business is you can't amortize advertising. ie no SG&A leverage going forward. unlikely to see decreasing marginal cost
why not post cash flow as well?
you will also get your ass kicked for posting projected financials without a series 7 & 63
Sidenote: interesting to see that YC has a BBerg terminal (and careful with the RMB claim in the near-term)