Within a couple years this exact scenario will play out. A gunmen will talk in a crowded place loaded to the gills. Assault rifles, bullet proof vest, explosives hid around the building. He will pull out his gun and kill the poor unsuspecting first soul. After that initial shot someone with a concealed weapons permit is going to blow his brains out cutting his rampage short ( I truly hope the person who plays the hero is a little old lady packing heat in her purse).
To build a business it takes someone who either understands the particular nuances of that particular business from their prior history or are capable of picking it up very quickly and effective on the fly. at im saying there's not value in testing a theory and not over analyzing, but an effective idea guy is necessary to truly disrupt a market.
To win at disrupting, you have to understand a market as its currently is, all of its inefficiencies and weaknesses combined with future changes in capabilities and technology. However usually an engineer as likely to be an effective idea guy, combined with their ability to build and ship it puts them at an advantage. Great idea guys are rare, but when they surround themselves with the proper technical talent its a thing to behold . Tarantino, Jobs, list is endless
FB already got their $16 billion. If your in it for the long term, uproar away that nest egg should be able to last a while. Check ins, ads, app platform, lots of monetization strategies. The only people burned are short term investors who buy in at a bad time. FB ONLY potential problem is losing RELEVANCE. You don't lose users by not monetizing mobile, but you can lose users by monetizing mobile however. Short/steady wins the race, especially with 16 billion in the bank
When your stealing a billion from the public (you know the company is going to plummet and you accounting methods r more similar to a drug dealer then GAAP) its best to wear a tie, less suspicious that way
Sorry If I may have came off as an ass with the post. The point I was trying to make is that I truly didnt get any feedback on my product, besides the point of lack of market validation. IN my executive statement I sent a link to my beta, which he didnt visit until I was on the phone with him. Market validation is important, but I feel that id you have a functional beta as well as a concept or plan the least you can so is go through it b4 saying lack of market validation is the end all be all.
None of this is PG's fault. I only made that the title of the post, because the financial analyst I talked to said the local fund I applied to said one of the reasons I wasnt eligible is that I applied to YCOMBINATOR. I meant this as a post to show whats wrong with the start up scene in most of the country. I feel that PG and ycombinator are part of the solution not the problem
If you are unable to distinguish from these "feelings", you could potentially be unable to tell if you are in love (persons your soul mate/personalities go really well/want to spend the rest of your life with that person) or if you just have good sex, which can allow a bad relationship to linger for years.
I think that the hacker news structure has its own merits in terms of randomness which makes it as close to an online hub that currently does exist. By posting something on HN you open the idea to the community, with no idea where discussion can go. As someone who isn't from a Startup hub (Ohio), this type of directed random interaction and analysis has been crucial for me in helping me to understand the startup mentality, as well as providing me with the opportunity to rapidly immerse myself with information and anlaysis of the startup movement coming directly from the horses mouth (those within the movement). The members of the physical start up hubs of the world, contribute to the online hubs, allowing those outside of these physical hubs to be a part of our first start up hub.