CocoaPods/guides.cocoapods.org — pull request #49 by famousgarkin (2014-12-21 14:23:28+00:00)
Title: added getting started - post-install master spec-repo setup

Since me and many others wondered about the same

http://stackoverflow.com/questions/26990057/cocoapods-commands-fail-due-to-no-such-file-or-directory-dir-initialize-us