Keeping It All in the Google Family(nytimes.com)
nytimes.com
Keeping It All in the Google Family
http://www.nytimes.com/2008/11/13/business/smallbusiness/13tree.html
4 comments
How did this get to front page, I wonder. The first paragraph:
AS befits a company whose name is a play on words, Google (named for the mathematical term
“googol”) has come up with playful names for its workers. Employees are known as Googlers,
new employees are Nooglers and gay employees are Gayglers. Now that the company has been around
for a decade and employs upward of 20,000 people, another group has earned its own name: former
Googlers are known as Xooglers.
This is the "change" that would make a lot of things easier, ensure startups keep up their momentum and not waste in VC fund raising process. More you have angels who are truly angels backing founders. (I understand this can hurt lest rational thinking is lost)
Micro financing at angel level (be it 5 friends/colleagues or more) is great. Someone needs to institutionalize this or have some learnings on how to deal with accountability, resolving dispute and the like.
For people in India, Israel, Ukraine and the rest of east Europe the startup costs are quite low. $100K is like close to upper end angel funding.
I know of at least 6-7 ex-Trilogy startups in India - brilliant guys, doing it right, when it comes to funds Indian VCs are most risk averse they wouldn't invest in anything other than jobs, matrimony, real estate and travel. I have always wondered why would it really bother for couple of ex-Trilogy in US to invest. For 2 guys to put something like $50K it would be hardly anything.