Hacker Newsnew | past | comments | ask | show | jobs | submit | 2007-07-19login
Stories from July 19, 2007
Go back a day or month. Go forward a day, month, or year.

Yes, only once. But I actually consider my first score on the Putnam (53, ranked 53.5th in North America) to be my most impressive performance on the Putnam, considering that I was only 14 years old at the time.

Damn. I'm totally busted.

Just the once, though, huh?


News.YC does flame wars a whole lot better than the rest of the internet...
4.Facebook acquires Blake Ross and Joe Hewitt's Parakey (venturebeat.com)
30 points by pg on July 19, 2007 | 16 comments

A few tips:

1. Open up Microsoft word.

2. Type all that out.

3. Save it as "Resume.doc"

4. Don't open it again until your next job search.

6.Lisp Hackers Hit Another Startup Homerun (Flektor) (xxeo.com)
19 points by nickb on July 19, 2007 | 4 comments

Test Pilots are bold by definition. Entrepreneurs are not necessarily bold. People tell me all the time how "brave" and "bold" I am for starting a startup and it's complete BS. The only think we're risking is some money, reputation and ego. All of which grow back in time. If we were doused with gas, lit on fire and smashed with ewok log traps if our startups failed then we would be bold. As it is we're just different.

Great analysis.

I have a friend who (years ago) told me "Damn you're lucky! You have a horseshoe stuck up your [butt]. But you seem to work really hard for it..."

I never forgot that, and in the intervening years I've attributed the majority of my success to luck, rather than skill. Luck, however, that I work hard to create.

The reason is this: If you believe that your success is due to your own skill, you become lax. Complacent. Entitled. You've succeeded so far, so clearly you're da man and you should succeed going forward.

If, on the other hand, you ascribe it to luck, you acknowledge that there's little that you did to make it work. And so you have to keep working hard and scrambling to make the next project successful. Because your previous successes have little bearing on future performance.


Actually not. That's why I was careful to speak of the effect of trading equity on the "average outcome" rather than e.g. "average valuation at liquidity." What I'm literally saying is, does the trade improve your odds of getting what you want? That subsumes both your risk aversion and your utility function for money.

Your math is still wrong, because of the non-linear utility of money. If I give up 6% of my company, it costs me 6% of any MONEY I might end up getting, but it doesn't cost me 6% of the UTILITY. If I have a utility-of-money function of sqrt($), you don't have to increase my chance of success by 6.4%; it's enough if you increase my chance of success by 3.2%.
11.TechCrunch Acquires InviteShare (techcrunch.com)
14 points by terpua on July 19, 2007 | 5 comments

Just put your email address in your profile. I already have email, myspace (which I ignore), and Facebook. I don't need yet another inbox.

I wouldn't object to a form on news.yc that would send a message via email without revealing the recipient's email address, in case people don't want to put their email address in their profile.

13.Inbox at news.yc. Thoughts?
13 points by terpua on July 19, 2007 | 15 comments
14.Marc Andreessen: Best book for tech entrepreneurs this year (pmarca.com)
13 points by toffer on July 19, 2007 | 4 comments
15.Meet Ashton Kutcher, the next tech entrepreneur? (techcrunch.com)
11 points by mdolon on July 19, 2007 | 8 comments

I agree. We encourage two founders to split stock evenly. If you have to depend on a shareholder vote to decide things, you're already dead.
17.Closures + Lambda = The key to OOP in Lisp (lispy.wordpress.com)
9 points by nickb on July 19, 2007 | 7 comments

Then you're still wrong. I quote from the article: "For example, suppose Y Combinator offers to fund you in return for 6% of your company. In this case, n is .06 and 1/(1 - n) is 1.064. So you should take the deal if you believe we can improve your average outcome by more than 6.4%."

If by "average outcome" you mean "expected value of the utility function", and assuming that my utility-of-money function is sqrt($), I don't need to improve my "average outcome" by more than 6.4% for the deal to be worth accepting; it's enough if I can increase my "average outcome" by 3.2%, since that's how much UTILITY giving up 6% of the MONEY costs me.


I personally wouldn't do anything but 50/50. Even if it is 49.9/50.1 you are saying that the person with the higher % is inherently better, and this can leak into the dynamics of the startup in so many ways. Lawyers like to point out things like this, but they aren't the entrepreneurs.

I can tell you from experience that if you have the right co-founder, 50/50 is no problem. If there is a disagreement, however minor, you talk it out until one person convinces the other. This pretty much never happened in my case, by the way.

20.Skilled Workers May See Green-Card Surge (businessweek.com)
9 points by pg on July 19, 2007 | 5 comments

Well, your demeanor is very ingrained into your personality. I doubt you can change it without a lot of effort. Even saying little things like "I routinely tell Wall Street headhunters to stop bothering me..." comes off as arrogant. Do you really not see that? Or do you just not care?

Let's put it this way: How arrogant you are perceived as can be measured by how many times you say "I".

22.Kids say e-mail is, like, soooo dead (news.com.com)
8 points by gibsonf1 on July 19, 2007 | 12 comments
23.Splash screen is an admission of failure (moing.org)
8 points by garbowza on July 19, 2007

I know something about economics, but far less about finance. :-)

In any case, finance really doesn't interest me. I routinely tell Wall Street headhunters to stop bothering me because I would rather create something impressive than own something impressive. I'm not in this for the money.


Maybe this is not so innocent as I thought. Apparently Seth Levine is the partner of Brad Feld, the founder of Techstars:

http://www.foundrygroup.com/team.php

What a slimy move. It won't make any difference in the long run though.

26.What I learned from Hitch Hiking today (okdork.com)
7 points by crxnamja on July 19, 2007 | 2 comments

"Outcome" means the output of the utility function, not the input.
28.The rise of lighttpd (excellent web server) (blogsavy.com)
5 points by nickb on July 19, 2007 | 8 comments

But if you stoop to their level and say "Oh, look how smart I am, of course I'm going to succeed," you're just engaging in self-justification yourself. And that's a dangerous mental attitude to get into

Very well said.

Remember, whatever disappointments you have, don't come off sounding like this guy (someone who did well in school, but couldn't get hired at the firm he wanted): http://www.autoadmit.com/thread.php?thread_id=445136&mc=...


Clearly, you've never seen this letter before: http://www.snopes.com/embarrass/email/tripplehorn.asp

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: