ambertch
Joined 17 years ago
Joined 17 years ago
Investing in your own project isn't "commonsense," it's just an individual's view on risk management
They were brilliant. Honestly it's going to be hard for a govt agency to recruit people like this - people who are incredibly passionate about security and cryptography may tend to care about privacy issues as well, for which the government currently incurs a negative sentiment, and this is compounded by the fact that brilliant people these days tend to work on problems they are ideologically aligned with. This isn't the Manhattan Project era anymore...
But you just never know, people come from all sorts of political backgrounds.
Honestly I'd say this depends on your goals - are you trying to learn? Or just make something (either answer is fine)? If the former, build. The latter, plug something in.
"1) it fits the classic definition of a disruptive company and 2) is an innovative company playing in a large market with unsophisticated competitors."
Of course, everybody who does a startup has to go through the cloning phase. It's just part of learning how to build a business...
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."
There's also value add whenever you have centralized expertise: think PGExperts, Percona, and EnterpriseDB (mysql and postgres consultants) - if I'm running a company whose core business is not in the data, it's usually more economical to outsource that expertise than hire a 'superstar' DBA. Same with RPX: if your core business isn't IP law you might as well outsource that.
This is why consultancies of all shapes and types exist in the world, after all.
Companies spend millions just to defend a suit whether they win or lose - that's why they settle. The genius of RPX is that they basically identified that as an inefficiency aka market opportunity.
A lot of startups could learn from this model: taking an existing market and making it more efficient. That's usually a better bet than building an Instagram or Twitter analytics company - the big caveat of course is you actually have to have domain expertise in an industry to do this type of startup ;)
I am guessing you still working on the gem?
Rule of thumb for first round of engineer hires is $85k as of late - they get substantial stock in return, about as much as managers hired after the A round.
Series A you're looking at closer to market wages, with obviously less stock