The impending Age Of Abundance was prophecied in the scriptures thousands of years ago.
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Location is southbay or virtual - exciting early stage opportunity. Will invest in training and ramp up for non Ruby engineering talent that are interested in learning. Competitive salary and stock.This means, if I can get in, I get to telecommute from NYC, and I can spend the first few weeks learning Ruby. I am up for it. Besides this looks like might be Anu's new stealth startup. Anu is a serial entrepreneur. She is bigger than Sabeer Hotmail Bhatia because Bhatia basically disappeared after Hotmail, whereas Anu kept chugging all along, and with Anu it is like you ain't seen nothing yet. Her best is yet to come.
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Paul Graham: What Happens At Y Combinator: a portrait of YC is in some ways the complement of a portrait of the average startup .... an event called Demo Day, at which the startups present to an audience that now includes most of the world's top startup investors. ..... the details people omit in more public talks tend to be the most interesting parts of their stories ...... you hear just how screwed up most of these successful startups were on the way up. ...... Startups modify or even replace their ideas much more than outsiders realize. ..... Usually we advise startups to launch fast and iterate. .... real users, whose often surprising reactions to your product teach you what you should have been building. ..... Since there are a large number of points on the perimeter of most existing technologies at which one could push outward to create a quantum blister, what to build first is one of the most important questions we talk about. ...... The larval product should also have a larval business model. ..... Most things that happen to newly launched startups are bad. But paradoxically, these disasters are precisely the reason to launch fast: they all represent problems you're going to need to solve eventually, and the only way even to find out what they are is to launch. In practice they vary from technological bottlenecks to threats of lawsuits, but the most common problem is that users don't like the product enough. ...... the search space is huge ..... Some startups are immediately attractive, and they'll find it easy to raise money. Others are ugly ducklings, who will grow into swans in time ...... because raising money is like choosing an angle of attack for a plane. If you try to climb too steeply you just stall. ....... Once you start to get hard commitments from investors, more investors want in. ....... We still talk regularly with founders from the first YC batch in the summer of 2005. ....... Occasionally investors will say "I'm in" at Demo Day, but most of the convincing happens in subsequent meetings. ....... Getting a startup set up correctly is a nontrivial problem. ...... mediating disputes between founders. ..... Now, 5 years later, the YC alumni network is probably the most powerful network in the startup world. ..... Starting a startup was a very lonely undertaking when we did it ourselves in Boston in 1995. One of the goals of YC's batch model was to fix that, by giving founders the colleagues one would otherwise lack as companies with just 2 or 3 people. ....... even the most ardent boosters of other cities wouldn't claim they're at parity with the Bay Area. All other things being equal, Silicon Valley is the best place to start a startup. ...... Founders from other places are almost always surprised when they get here by the breadth and depth of support for startups. The Bay Area is for startups what LA is for the film industry. ....... The kind of horror stories you hear about investors dicking over startups rarely happen to those we fund. We almost never see broken termsheets. ....... "One of my goals since my last job was to stop working with mediocrity and find/surround myself with people smarter than I. YC definitely provided the quality of people I needed to be around." ...... The only person who's funded more is Ron Conway, and he may not have had such close interactions with all of them. ...... the intensity of YC.
Image via CrunchBase7PM Digital DUMBO #16 Sponsored by Invoke @ The Dumbo Loft
RSVP: http://digitaldumbo.eventbrite.com/
The DUMBO Loft
155 Water Street
Corner of Pearl and Water
Brooklyn, NY 11201
Date: May 27th, 2010
Time: 6:30-9pm
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