“Because getting a product in the hands of users is a top priority, even great engineers will intentionally take shortcuts and accumulate technical debt in order to launch sooner.”— Leo Polovets, codingvc.com
“An SEC filing has been made today with information about Snapchat’s latest Series F round, in which it has raised $1.8 billion. Separately, we’ve also obtained a leaked pitch deck, revealing Snapchat’s revenue and forecasts. The Los Angeles-based company recently started its monetization efforts and…”— Katie Roof, techcrunch.com
“[Their] scariness makes ambitious ideas doubly valuable. In addition to their intrinsic value, they're like undervalued stocks in the sense that there's less demand for them among founders. If you pick an ambitious idea, you'll have less competition, because everyone else will have been frightened o…”— Paul Graham, paulgraham.com
“Now investors have the advantage. Instead of venture capitalists begging to be allowed to invest, entrepreneurs are coming to them begging for cash. Investors are exerting their newfound power by asking more questions about a start-up’s prospects and taking more time to invest.”— Katie Benner, nytimes.com
“The biggest elephant in the room is Uber, valued at $62.5 billion. The company claims it is profitable by some measures in North America, but it is spending huge amounts of money to capture markets in China and elsewhere.If the world’s most valuable startup must curtail its ambitions, it would send…”— Christopher Mims, wsj.com
“It takes more passion to choose, on your own, to build a website, a mobile application, or a company than to follow years of instructions to get a degree. A GPA is not a strong indicator of passion, except for the dubious motivations of wanting to find the right answer to other people’s questions. D…”— Scott Berkun, amazon.com