I wish he would have gone after the real culprit: hand wavy advice. Telling someone to be passionate about one's work is about as helpful as telling someone not to set himself on fire.
He should have singled out Gary V to make his point. The guy didn't start with only his passion and a video camera. He started with employees and a multi-million dollar business. Responding to comments is not hustling.
Good question, I'll address it in the article. No institution will let you get away with that, but if the seller is financing it then maybe. You can, though, put down as little as 3.5% today.
The more you play with a component's mechanical housing the more likely it is to break. There's also just human error in replacing hardware that leads to housing fractures.
Creepage among memory chips is also possible. RAM doesn't sit as snug for the entire life of your computer. It creeps out a little bit over time and allows for dust to prevent conductivity between the chip and the slot. Having everything soldered in place is much better.
The biggest issue, though, is all the added space required for the housing. The slots, connectors, clips, etc make the product bulkier. While that's fine for a desktop it's not ideal for a mobile device.
The lack of hardware upgradeability on Apple products in general kept me from switching for many years. Then I realized by the time I was ready to upgrade my system the CPU sockets changed, the memory changed, etc.
So I'm not concerned if I can't upgrade my hardware down the road. Having everything soldered in place means I get a lighter product with fewer points of failure.
10% is a considerable chunk. This is especially true for someone straight out of college who doesn't have a high income to begin with. You could argue that his/her expenses are lower than someone with a family, but the counter to that again is the income. Someone with a family isn't making a starting salary anymore.
Another problem I have with the 401k is that "most" people leave it in the hands of fund managers who we're told know what they're doing. I'm one of those that leaves it to a fund manager as well. The biggest argument for the 401k is that the market will perform X% by the time you retire based on historical data. This assumes that trend will continue and that you don't unexpectedly lose a chunk of it as many retirees did in 2008.
Another problem I have with the 401k is that it's incredibly illiquid. If you take money out before you retire you're strictly penalized.
I'm not saying don't invest in the 401k. I invest in it, but only enough to get my employer's full match. If someone is offering you free money, you take it. I'm suggesting that it's better to take control of your own finances and earn enough passive income to live on. The 401k money should be a bonus, not the salary.
This article talks about two different things. First, it talks about how much money one would need to live comfortably in different parts of the country. Second, it talks about retirement.
I have a question about the latter. Does anyone else notice that the retirement articles are always written by the same old school business journalists, in this case CNN Money?
I think this article illustrates a major difference between our generation (I'm 24) and previous generations. The retirement conversation always revolves around living off of a nest egg investment that will hopefully be enough to survive on later in life.
Let's change the discussion to be about earning income regardless of employment status. Anyone banking (no pun intended) on a 401k to sustain himself in 40+ years is nuts imo.
1) The green color scheme clashes with the red and orange banner.
2)The duck doesn't stand out because there's little contrast between it and the banner. I suggest changing the banner colors to something that blends in better with the rest of the site.
3) The barcode takes up a lot of the screen, but isn't valuable. With a short name like Zuzu, people can easily search for it on their phones. The goal is to excite them enough to search for it.
4) Get rid of the "Perch" menu bar. All those links can be horizontally listed under the banner giving you more space to show off the product.
5) Make the box of scrolling pictures MUCH bigger, stretching across the entire screen (horizontally). The words in the pics are too small to read.
6) Get rid of the "Wake up and win with Zazu" image and keep the tagline "Zuzu wakes you up verbally..." on a single line.
I hope this helps. If any of this is unclear and you'd like me to make annotations on a screenshot, let me know.
What's the lack of motivation due to? If you're not motivated by the product anymore then get out now, but if you're just feeling beaten down then absolutely keep at it.
When you say you outsourced all the development it sounds like you expected this project to take off without getting your hands dirty. What have you been doing to market it? Word of mouth won't help you if you're not even talking about it. Go out to conferences and meetups and talk. Get to know bloggers or journalists who write about investing. You have some users? Talk to them. Ask them what they love and what they hate about your product. Find out how they're using it. Find people who aren't using your product and see how they're solving their own problems. I know a trader who still uses IRC chats. Start asking a bunch of questions and get excited!
1) Taking legal action costs money. Your product hasn't launched yet so it hasn't made any money yet either. He is either going to have to sue you with his own money or find a lawyer that is willing to work on commission for a product that hasn't made a dime. I wouldn't worry about his threats.
2)It seems to me that you've been very complacent with your co-founder up to this point which is why he thinks he can bully you with such a bogus claim. You need to politely say you've had enough of the abusive relationship and you wish him the best of luck.
3)Did you sign anything for the LLC? Anyone can put anyone else's name down when they register it online, but without a signature it's meaningless. Form your own LLC or S-Corporation and start learning the biz side yourself. Articulate exactly what you think you need a biz person for and start doing what you can. You'll get a better understanding of the expectations you'll have for the next guy, who may end up being an employee instead of a co-founder.
Pretty awesome tips. I don't necessarily agree with the uppercase suggestion, though. If you strip the color from Google's logo the font isn't as identifiable as Twitter or Facebook (both of which are lowercase) so the combination of colors and capitalization of the first letter makes it stand out. Amazon's logo is all lowercase so I don't know if his example is 100% accurate.
The logo I made for Joystickers is all in lowercase precisely because it stands out. Had I used a capital J, it would have looked pretty plain. The lowercase j along with some GIMP magic make it a little more interesting.
@vaksel, nope. I still watch and listen. Often, the best interviews are the ones you initially dismiss because the guests aren't known for crushing it under 4 hours every week. :)
I apologize if I offended you. First thing I would do if I were you would be to check out resources like Mixergy, This Week in Startups, and read Rework by 37Signals. I know that isn't a direct answer to your question, but that's because I think you're asking the wrong question. Can you elaborate on what you want to build and why you need a fleshed out company right off the bat?
He should have singled out Gary V to make his point. The guy didn't start with only his passion and a video camera. He started with employees and a multi-million dollar business. Responding to comments is not hustling.