Comments URL: https://news.ycombinator.com/item?id=22797264

Points: 1

# Comments: 0

Facebook Employees Explain Struggling To Care About Company's Unethical Practices When Gig So Cushy

https://www.youtube.com/watch?v=-DiBc1vkTig

Comments URL: https://news.ycombinator.com/item?id=17248427

Points: 1

# Comments: 0

Comments URL: https://news.ycombinator.com/item?id=16731956

Points: 1

# Comments: 0

Where is the "In SV we're supposed to be innovators, why aren't we leading the way towards a more equal society?" narrative grounded?

Comments URL: https://news.ycombinator.com/item?id=14983078

Points: 1

# Comments: 0

Comments URL: https://news.ycombinator.com/item?id=11566771

Points: 1

# Comments: 0

Comments URL: https://news.ycombinator.com/item?id=10784408

Points: 2

# Comments: 0

Comments URL: https://news.ycombinator.com/item?id=10784353

Points: 2

# Comments: 0

Comments URL: https://news.ycombinator.com/item?id=10759048

Points: 35

# Comments: 5

Comments URL: https://news.ycombinator.com/item?id=10755250

Points: 49

# Comments: 25

"I find it interesting that it really did basically take a year of real time (and maybe 2 months of hacking time) before the implementation was in a shape where I would've thought about publishing it. And there's no way I'd put that amount of time into a project like this up front. Usually these projects are active for a couple of weekends before getting abandoned; fun parts are done but all the hard work of making it really usable remains."

"In this case people were eager to use even the incredibly crude early versions, so I got over that hump very quickly. And at that point every incremental improvement to the site was affecting tens, hundreds, or thousands of people. This is of course always more motivating than working on polishing the perfect piece of software that nobody is using."

"There were many architectural and design decisions done along the way that I ended up deeply regretting, and which cost me lots of time later on. But without all those early shortcuts there would've been no implementation at all. Easily the best example of Worse is Better that I've been personally involved with."

How it looks: http://terra.snellman.net/game/4pLeague_S3_D3L3_G6/max-row=3...

The Terra Mystica board game: http://boardgamegeek.com/boardgame/120677/terra-mystica

On github: https://github.com/jsnell/terra-mystica/

Comments URL: https://news.ycombinator.com/item?id=8673026

Points: 6

# Comments: 1

Abstract: Entrepreneurship is risky. We study the risk facing a well-documented and important class of entrepreneurs, those backed by venture capital. Using a dynamic program, we calculate the certainty-equivalent of the differences between the cash rewards that entrepreneurs actually received over the past 20 years and the cash that entrepreneurs would have received from a risk-free salaried job. The payoff to a venture-backed entrepreneur comprises a below-market salary and a share of the equity value of the company when it goes public or is acquired. We find that the typical venture-backed entrepreneur received an average of $5.8 million in exit cash. Almost three-quarters of entrepreneurs receive nothing at exit and a few receive over a billion dollars. Because of the extreme dispersion of payoffs, an entrepreneur with a coecient of relative risk aversion of two places a certainty-equivalent value only slightly greater than zero on the distribution of outcomes she faces at the time of her company's launch.

Comments URL: https://news.ycombinator.com/item?id=3300117

Points: 1

# Comments: 1

http://webcache.googleusercontent.com/search?q=cache:http://...

Comments URL: https://news.ycombinator.com/item?id=3191950

Points: 68

# Comments: 10