dmk23

Joined 15 years ago

Karma
506
Submissions
194
Member since
Sep 14
Facebook Ad management: software & services http://targetchoice.com
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Comment · 8 years ago
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Comment · 9 years ago
Comment · 9 years ago
Comment · 12 years ago
Disgraceful!
Comment · 12 years ago
You have free choice to avoid employment with companies that require non-competes.

Moreover you are even welcome to start a company that does not require non-competes and later on have the pleasure of investing in professional development of people who may later turn their talents against you.

Comment · 12 years ago
The most effective attack is the easiest to predict.

It is human intelligence or infiltration by actors with a hidden loyalty. This has worked since the time immemorial for all sorts of security systems.

For FBI to bring it down they'll just need to repeat what they've done with Silk Road - pose as a straw buyers, get everyone they touch on record and use them to identify/arrest the users. Put out a request for a contract killing and arrest all responders. Bonus for putting a bounty on members turning in other members.

Even if this won't "shut down" the system itself, it would make it impossible to use safely.

Comment · 12 years ago
The only problem with such "justified" models is that it always comes down to what everyone thinks of everyone else's value to the company. For example -

1) A first employee might feel he should have been a founder

2) Two co-founders who might feel the 3rd one has not contributed enough to justify their share

3) Employee/contractor #20 (or whatever it is) at Facebook who painted graffiti on the walls ended up with a package worth $100M while it is hard for anyone to say with a straight face they actually created that much value (i.e. what is the reason for granting equity by job role)

4) Sizing of equity grants to engineers vs. sales staff, given that salesforce's primary motivation should be based on hitting their quotas with all incentives built around that

5) Someone fired a few months before the vesting cliff might think they are being cheated, while the company might believe they have been toxic to the culture (I won't name any examples here)

6) Employees "resting-and-vesting" at pretty much every level of the equity grant cohort

7) Later employees who end up carrying the weight of the earlier ones without comparable rewards

In every deal it all comes down to a willing buyer meeting a willing seller. Compensation packages are no exception.

Comment · 12 years ago
It is an obviously foreseeable problem because the whole "startup echo chamber" keeps pressuring everyone to have co-founders for sake of having co-founders.

Better to be a single founder covering for everything than sign on "co-founders" you cannot get along with or do not see pulling their weight or having significant disagreements on how the company should be run and the rewards distributed.

Comment · 12 years ago
That's not the point, A16Z is the lead on their key deals.

The lead sets the price/terms and has significant control over who else gets access...

Comment · 12 years ago
Translation: A16Z does not like competition doing to them what they've been doing to older VC firms
Comment · 12 years ago
TLDR version: "I was lucky to have friends who built a successful product for me on their own time and money"
Comment · 12 years ago

  I’m writing about this because yesterday I was a firm believer that Bitstamp is
  a company that is responsible for the power it has as the biggest bitcoin exchange,
  and I’d like to set them back on track.
Why exactly did you expect that?

None of these BTC exchanges are obligated/compelled/forced to do anything for any of their clients. Bitcoin is no different from any other payment method in the sense that you still have to go through some middlemen who always have to balance customer service with preventing fraud - real or imagined...

Comment · 12 years ago
The liability is not truly limited anyways.

Proof of fraud in the court of law is sufficient to pierce the corporate veil and hold the principals accountable. It is another thing that most of the so-called "corporate crimes" fail to clear even the basic bar of proof under due legal process. Just because someone disagrees with a business decision of a corporate executive does not make that decision a crime.

Unlimited liability would have the effect of stifling entrepreneurship and/or export of capital and jobs into more favorable jurisdictions, including offshore shells.

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