Facebook. Twitter. Reinventing HOTorNOT - Found+READ. _James generously adapted this from his “original blog post_”: For the first six years of its life, my startup, “HOTorNOT”: had pretty much been steady along the same course: A picture rating site with a not-so-serious dating application built on top that generated healthy amounts of cash for me and my cofounder, “Jim”: For the first 3.5 years, Jim and I worked about 10 hours a week, and the company earned millions of dollars per year. *Then 2 things changed,* and we realized we had to change with them: *I. Startup economics steadiy improved* following the dotcom bust, making it harder to keep good people.
*II. Jim and I learned some *important lessons* by addressing these two changes in our competitive landscape. . *1. *By late 2006,* all of our employees wanted to leave to go do their own things. *II. This had broader implications than you think. Sears and Comcast have optimized to take advantage of uneducated. Google Buys reCAPTCHA, Gets Help Reading Books (GOOG) Career Couch - Another Meeting? Say It Isn’t So - Interview - NY. Notes From Buffett Meeting 2/15/2008. Note: Students from Emory's Goizueta Business School and McCombs School of Business at UT Austin were invited to come visit Mr.
Buffett for a Q&A session. These notes were reproduced to the best of my ability as I heard and as I could recall them from a collection of mine and other students' notes. There is no guarantee that this was exactly what was said, but the intent was to preserve the spirit of the message. Enjoy. Emory: With the popularity of "Fortune's Formula" and the Kelly Criterion, there seems to be a lot of debate in the value community regarding diversification vs. concentration. Buffett: I have 2 views on diversification. If it’s your game, diversification doesn’t make sense. Charlie and I operated mostly with 5 positions.
Over the past 50-60 years, Charlie and I have never permanently lost more than 2% of our personal worth on a position. In stocks, it’s the only place where when things go on sale, people get unhappy. We don’t worry too much about that. Mr. Billionaire's secret philanthropy detailed - Give and Take. Google. Google takes abuse of its services very seriously. In the fields below, please provide us with information about the comment that you believe is in violation of our Terms of Service. We'll investigate and take action as necessary. We'll follow up with you only if we require more information or if we have additional information to share. If you have located one or more reviews that you believe warrant removal from Google's services based on applicable laws, please follow the instructions detailed on this page to submit a legal request. Don't spam or post fake reviews intended to boost or lower ratings. You might also like to follow these guidelines and tips: Make your comments useful and informative.
Please note that we reserve the right to review and remove commentary that violates our policies. “Protect Your Dilution” - Justin Floyd - Sramana Mitra on Strate. Posted on Thursday, Jun 21st 2007 The phone rang this morning, just as I put the last piece of peach in my mouth. It was a scheduled call with Justin Floyd, Founder of SmartFundit. Rene Bonvanie mentioned the company during our recent interview. What followed was a hilarious conversation that started with a very “British” guy, introducing himself, and my saying, “Oh, I didn’t realize you were British!” “Should I begin by apologizing for that?” Anyway, Justin has done 6 companies. SmartFundit is a financial services company that brings together an “exchange” of lenders who are willing to finance contracts, receivables, and such, to help entrepreneurs gain runway.
“It’s a great value proposition,” I said. SmartFundit has 6000 customers, and has processed transactions worth $500 Million last year. 4-5% of these are SaaS vendors, while the rest are enterprise technology vendors. “We have an uneasy alliance with VCs,” Justin laughs. More Evil Than Google? - Forbes.com.
Small Business Help Center - How to Start Up a NewBusiness.