xstartup

Yes, it's not guaranteed by anything.

I also know of cases where founder alone ended up with billions and early employees got nothing.

I just see those startups as poorly executed who decided to kill their army after victory way home.

We should strive for execution where at least your comrades also win.

Startups need an exit strategy.

Employees want to work 5-10 years max and end up with millions to retire peacefully while working in an intense environment which serves as the story of their accomplishment for the lifetime.

Then they plan to follow their other life goals like going on a world tour with the family or watch their kids growing up or creating their own small lifestyle business. It can be anything.

The key realization is that most employees do not want to work for you just because they have found themselves in such place.

When I was new in the industry, I put a lot of blood/sweat into building a company. Today, I can't force myself to put the same amount of efforts even if I want to.

The idea is to raise money fast, hire experienced people for ancillary services and develop the application in a way so that it is able to hold up till IPO. Defer all costs (application maintenance, vendor lockins, IP infringement risks) for post IPO. Create the Hype around the product which gets you eyeballs, subscriptions, MAU and other metrics which translates into the valuation. Once you've caught market attention, the solution can always get more love post IPO.

The market pressure to produce returns post IPO results in the broad application of the company's IP, resources, and talent. This might spin up new industries.

Once the employees have cashed their equity, it's up to them to stay (if they are enjoying the position) or leave (if they've other life goals).

A lifestyle business, won't be able to achieve this for each of their employees. Even very few startups achieve this for most of their employees.

One cool property of our app is that it's rarely updated and mostly read.

And the goal is to achieve the lowest possible latency at the edge.

It scales beautiful, I am not sure which other architecture can help us keep this afloat with only 4 developers working on it.

So, we have a DynamoDB table which is replicated to multiple regions using DynamoDB streams and Lambda.

For us, Lambda means achieving a lot without many developers and system administrators but I understand that not all problems yield gracefully to this pattern.

It seems using Cloudflare Workers to trigger our Lambda function instead of API gateway could prove to be cheaper.

If an institution gives grade A based on some objective criteria and students getting the grade C turn out to be successful then methodology of the institution will be considered flawed by the vast majority. Soon, the institution will lose its relevance.

If the institutions have to stay relevant, they'll have to make sure the grades are correlated to successful people in some way even if it means handing out grade A to any student!

Then I start teaching the basics, they are a bit more willing to hear.

Here the incentive for them is to be part of the club where interesting things are happening.

We laugh at coding jokes which kids don't appear to understand which leaves them confused.

So, it seems they are aware they lack some understanding because of which they are unable to understand us.

The same idea has worked for math, playing musical instruments like keyboard/ukelele, physical exercises like skipping ropes or air pushups.

If I simply give them a computer or ukelele, they won't be interested as they don't know how to hold a ukulele or have no one to tell them how to hold it right and how to fuse a chord progression with the strumming pattern. These things are not obvious by just watching or hits and trials on a guitar/ukelele.

1. I go to a store where workers are paid bare minimum, they give me odd looks and make me feel as if I stole their bread or smth.

2. I go to premium stores, where I pay more but they treat me better.

So, I go to premium stores even though I am aware I am losing more money, because in Maslow hierarchy of needs - I am at the top where I want to be treated better not save more money.

Cost of negative interaction is much much greater for me. I randomly have flashbacks of negative experiences but I forget all positive or neutral experiences.

Based on Exchange theory of Price, #2 price is justified.

Now, if you remove the workers in option #2, the interaction goes from negative to neutral and I'll prefer #1.

Then I start teaching the basics, they are a bit more willing to hear.

Here the incentive for them is to be part of the club where interesting things are happening.

We laugh at coding jokes which kids don't appear to understand which leaves them confused.

So, it seems they are aware they lack some understanding because of which they are unable to understand us.

The same idea has worked for math, playing musical instruments like keyboard/ukelele, physical exercises like skipping ropes or air pushups.

If I simply give them a computer or ukelele, they won't be interested as they don't know how to hold a ukulele or have no one to tell them how to hold it right and how to fuse a chord progression with the strumming pattern. These things are not obvious by just watching or hits and trials on a guitar/ukelele.

There are hardly any comments on the projects. So, far we've not faced any issue.

When the money dries up, it gets harder to offer even the same amount to an equally capable or a better developer.

Is it an established company?

CNP transactions (which stripe does) cost bit higher than CP transactions which require POS machine at mom/pop shops.

US might be wealthier (I've not vetted this statement) but it still doesn't have many of the above.

It's a resource-rich nation, highly homogenous and part of EEA. Norway is able to ship low-value hazardous work to poor European countries without paying for their welfare/infra expenditure. Imports janitors and healthcare (the work which local aren't willing to do like wiping the ass of disabled people) workers from East Europe.

It's equivalent is of Uncle scourge swimming in gold and attributing his wealth to his ability to swim in gold.

Open your doors for third world low skilled immigrants then we'll see how much progress Norway is able to retain.

It's so true as a rich man, I never needed to study much. If I need to make a deal, I ask my rich friends/family members for a referral to a lawyer, most of the time the lawyer itself is a member of the extended family, at least that's what it feels like. So, if the task is outside his expertise, he recommends me a very good person. They completely dissect the problem and analyze it from multiple angles, I find their insights helpful much like the insights from Hacker news members.

Same way, we know most bankers by their face in our city. If I even see the slightest mark on my skin, I ask my family doctor and they offer me best recommendation.

Once upon a time I applied for a credit card but I defaulted on payment, not because of lack of cash but because I never studied how a credit card works. So, what I did? I just hired a guy with employment contract set out to prevent such losses due to high interests on a credit card etc... He works with my financial planner now.

If you read through my comments, you'll see how dumb I really am. But navigating life, making friends, marrying a beautiful woman is a lot easier for me than understanding credit card rules.

My sympathy with people who are stuck with same issues as me. In my family also there are only a few truly smart people, rest have inherited most of their wealth.