wensing
Joined 19 years ago
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Recent submissions
Comment · 4 years ago
Creator here.
You can use fuzzy numbers to get varied output, and if you want to do MC you can use the API into your model to call it with whatever distributions you want and aggregate the output. But no, our UI doesn’t natively support doing a MC sim because the demand is frankly less than you’d expect. :)
Comment · 5 years ago
Strong agree on the size of the space and the room for many approaches.
wave :)
Comment · 6 years ago
The exercise of modeling your business helps you become aware of all that you don’t know, which helps you stay humble and curious and focused on answering the right questions.
Comment · 6 years ago
Hi, I’m the founder of Summit. Honored to be included among great and smart company.
Happy to connect anytime to talk financial planning or support usage of the product.
Long-time HN’er, had the idea for Summit while fundraising for my first startup (Stormpulse, recently acquired).
For the forecasting geeks and curious: this video lays out the tech behind Summit’s forecasting engine (password: everest3): https://usesummit.wistia.com/medias/fd3pk1fuvz
Comment · 7 years ago
Thanks! Fixed, I think ...
Comment · 7 years ago
The Babe Ruth effect of VC's needing big hits and the entire industry being a hits-driven business (unicorns, PG's Black Swan Farming, etc.) is a relic of the VC industry being not-long-tail compatible (i.e. offline).
This will change, and more money will be made in the fat long tail than the hits.
I've been writing at length about this movement (https://medium.com/swlh/the-new-bootstrappers-how-alternativ...) and the kinds of startups that will emerge as smart investments (https://medium.com/swlh/rise-of-the-transformers-db7887c2668...)
Comment · 8 years ago
Thanks for the nod to competence.
Re: "By binding the payback to profit" -- but it isn't bound to profit. Re-read the terms. It's Founder Earnings, which is profit PLUS any founder salary above a 'low but fair' threshold. You can be breakeven or below zero and still have shareable earnings with a SEAL if you are making a market rate (not low but still fair).
I spent days thinking this through and would be happy to explore your objections in a higher-fidelity forum or longer-form format than HN comments.
For now, suffice to say I have no incentive to mislead founders.
Prev. Founding CEO, Stormpulse
http://twitter.com/@mattwensing
E-mail: matthew.wensing at gmail