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You sound exactly like an official propaganda.

You know, my Russian friends are learning history of their own country from history books written in Poland. Even with recurring anti-russian bias in these books there are actually different points of view and you can build a picture of events by reading different authors, there's some diversity. Contrary to the official historical doctrine taught in Russia which has only one point of view, totally made up and a ridiculous bullshit.
Hack: search for an empty string.
zerohedge.com ---> everything finance related
I don't.. It's population is as big as russias and bigger than any other nation with a comparable average national IQ (besides the US) and some kind of capitalism. I can't think of a single example of this combination not leading to convergence with the highest gdp capita countries.
Did you know?

Mark Shuttleworth and Elon Musk come from South Africa.
It sucks when I can write a cleanroom interpreter/compiler that happens to understand Java bytecode and nobody would raise an eyebrow but when Google does it, everyone able will pull their leeching fingers out because Google has money.

If patents were forced to be applied and enforced unilaterally, nobody could do anything useful because everyone would be so busy filing lawsuits and hiring defense lawyers.
how did this make the front page?
Respected math prof requests open review process for journals (on PvNP thread)
The author is arguing a point analogous to "Napoleon didn't invade the Soviet Union", when he overheard a discussion about the French invasion of Russia.

One is uncertain whether to feel pity or contempt for the author in the aftermath of this confusion.

I myself am torn between "meh" and "wtf".
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Is it Blackout for Blackberry India?
May be right now it isn't. But we are going to roll out some interesting features soon. Also, I think we care about usability more than most Indian finance sites.
I am using MongoDB for Cheméo[1]. It is a chemical component properties search engine. The document store is very nice as I can easily store in one document all the data related to a given component (all the properties, the source of the information, etc.).

I keep PostgreSQL for many things, but the "business related" data are stored in Mongo. This is running pretty well and it makes the agile part of the development easy, as one have nearly no impedance miss match between the code and the storage (the MongoDB drivers return ordered dictionaries and lists and I can access them from Python and PHP easily).

I was definitely faster from "idea to market" with Mongo.

[1] http://www.chemeo.com
Printable version: http://www.wired.com/wired/archive/4.12/ffglass_pr.html
So does California, although of course California probably has stricter building codes.
Thanks. Indeed, we have plans to go beyond just a stocks research/portfolio site. Please stay tuned :)
Re: your last point - you'll notice several Chinese companies in the top 20 of this list: http://www.alexa.com/topsites
It seems to me that it's sort of a 'picking winners' approach, in that someone in Chile is picking companies to give money to. More broad based approaches that simply make taxes/bureaucracy/financing etc... easier for everyone are something I would see as more favorable in some ways.

That said, it doesn't seem like a great deal of money, and in terms of a "publicity stunt", it certainly seems to be effective.
Ad_Astra, I agree with you. There are two tracks of innovation for education.

Track 1: Fixing existing system
Track 2: Building new educational stack

First track can lead to faster traction. But the "Google of education" is likely to be born on the second stack.
http://en.wikipedia.org/wiki/Socialism

Whatever the problems or merits of socialism, it advocates common ownership. Dubai has always been openly a personally owned state advancing financial speculation. You may indeed call it something other than standard capitalism but calling it socialism is clearly an abuse of the term.
One of my friends is finishing up her P.hD in entymology at Cal and she's somewhere around $175k in debt now with no expectation of ever making more than $50k/year in her field (if she can work in it at all). Another went to a private university for undergrad, then Temple for Med school, she's just now gone through Match and is around $225k in debt. She's chosen a career path that once through her residency (with a $40k/year salary expectation for 5 years through a triple-discipline program) should land her a comfortable $250k/year salary in the middle of nowhere. The $225k she'll have was a good investment, but my friend who likes beetles?She expects to pay 20-25% of her salary to pay it off for the rest of her life.
I'd be interested in working from somewhere interesting (Germany, Chile, New Zealand, etc.) for 6 months, but I'm not really that interested in being a beta tester for a new government program. I also don't speak any Spanish.
First of all I would apologise for not responding since. I foolishly forgot to remove my noprocast setting so I was essentially locked out of hacker news while this has been up.

I would like to point out that I worded my question poorly. I do not agree Nigeria/Africa cannot create world class startups. I meant to say like RobFitz pointed out below: Why does PG and others like him capable of change write off a whole continent without trying.

Nevertheless, you guys as usual have got an amazing discussion going. Thank you!

I fully understand the points a lot of you have raised and it boils down to two things.

1: Lack of Trust
2: Lack of infrastructure (Legal, Human resources, Power, e.t.c)

In my book, I thought an identifiable problem breeds opportunity. We have a market western countries are unwilling to serve because the perceived risk outweighs the perceived opportunity. America had the highest fraud but is not blacklisted because the opportunity outweighs the risk and I believe it is the same for Nigeria/Africa. I believe there is an opportunity for our local companies to act as local representatives of existing global companies and combine local knowledge with international skill to create businesses back in Nigeria/Africa.

I do not think location matters in creating a product that has potential as anyone can launch a Rapportive from anywhere in the world. Of course it matters when scaling it.

From what I have seen, our greatest challenge stems from the fact that our people are trying to succeed against the odds. We do not have access to mentors or education that will help us tackle these problems so we are left at a very bad advantage. We struggle to have belief on ourselves because people we look up to have written us off. We have a long rough road ahead and we will trudge on. one day we will succeed. All I ask is for people like PG (who still hasn't responded) and HN'ers to have a little faith in us. Believe me, it helps.
I didn't know this, do you have a source? (because I want to read more about it not because I doubt it)
FWIW, I think Patrick has shown far more business sense than actual programming.

If I were to hire him, I would make sure he stays from actual coding as much as possible; that would be a waste of his talents and our time.

Not "underestimating" his coding skills, it's just that his business sense far eclipses anything else he might be good at: programming, Japanese language, or competitive Polka dancing.
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Rooting DroidX or Droid 2 will not help you. The bootloader is signed and checks, whether the firmware is signed by Motorola too. If it not, it will refuse to boot it.

So if you do not want to be stuck with whatever firmware version Motorola offers, get Nexus One.
Keep an eye out for M-pesa as a form of digital money transfer.
Where the money goes depends on whether he has a job or not. Currently he works at Google, so it goes to a non-profit, but it has gone to him in the past.

http://www.vim.org/sponsor/index.php
The author is a Director of the Apache Foundation, and a former employee of Google who worked on their open source outreach projects. And one of his employers before that was Oracle.

http://en.wikipedia.org/wiki/Greg_Stein

So while Stein's argument here may be seen as deliberately obtuse, in a manner that a technically precise thinker might use to make a point, it's not uninformed.

He absolutely understands the issues involved. Note especially his further refinement of what he means by 'Java' as 'Java™' in his followup comment.
If you hate coding you're not a "hacker", in the same way that I am not a vegetarian just because I eat salad before my dinner. We both do it because we "have to".
Pointless technicality.
Good points about Google.

Markets must be regulated. I know of no credible market theory that thinks there should be no regulation. As far as I can tell this is just a bizarre invention of American Libertarians.
It's not as bad as the reverse, because it means you're less likely to be affected unless you're already rich. Which sucks, but hey, at least you're rich.
I guess this is the key. Still the nation went from a level of pre-industrialization and through the devastation of the second world war to be the second largest economy in te world. If I understand correctly the economy has been relatively stagnant for sometime too and has still held its position.
Do you know why sports stars make so much money? Because the owners make so much money and the sports stars had a union that was able to get more of that pie for them. Since, you know, without the players there would be no sport.

How much money is there in programming compared to sports?
The article actually says 'RAF bases', not 'UK bases', so I presume the error wasn't necessarily as large as the distance between Germany and the UK.
Nice entry!

I'm just using jsmin at the moment but I'll probably move over to using packer when I start nearing the limit. I'm on 5kb minified so far.

Another little trick I made use of instead of var foo = false; I used var foo = 0; - it's falsy so you can use it in the same way but you save 4 bytes.

Obviously these kind of optimisations aren't great for readability, but that's not the goal here.
Didn't some other popular blogger meet Max Klein in Thailand a while back?
Toys can be up to 60% for example (probably average 35% to 40%). I think there are examples that go higher than that but toys is the only one I'm certain of.
Can I ask a question?

When do you expect companies to move to the bay area? Further, what time frame do you work in for the interviews etc.?
This is not a dis against Vim (I use both), but if any Emacs users are reading this and think "cool!": http://www.dr-qubit.org/undo-tree/undo-tree.el
How did you achieve that? Mine didn't, and doing "Check for updates" in the MacVim says I'm already at the latest version. I'm at "7.2 stable 1.2/33.3".
Steve Jobs has a lot of great qualities but personally, I would run far, far away from him as a co-founder.

He cheated Steve Wozniak out of the first money they ever made together, for the game Breakout. And not by a little -- by some reports, it was a factor of ten.

Sure, if you meet the next Steve Jobs he might very well turn out to be a success. But you might be one of the people he runs over on his way to the top.
I was going to comment on that one too: looks like they have a lot of bandwidth for the population.

Aside from the "research" answers, it's probably the government trying to give them something to do besides drinking all winter long:-)

From Wikipedia: "The most notable feature of Longyearbyen's climate is the lack of sunlight for over 4 months of the year in winter"
>So hearing that you think there is no hope for us, is quite deflating.

He didn't say "there is no hope of successful startups in Africa"; he just said "African startups aren't high on my priority list".
Crashes can always come. Efficient markets have already priced in all these well known reasons for one.

This article makes the classic mistake of exaggerating the known risks.

Actually the crash is just as likely to be caused by something unknown. Maybe the US market will crash because the introduction an old age pension in China means they don't need to invest as much, and they just use the money buy Sushi instead.
Software development is hard enough that you have to be a mythical hacker just to get shit done. At least, any but the most mundane cookie cutter shit, which is not what startups make.
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sleeves rolled up. :)
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Plenty more of interest at http://en.wikipedia.org/wiki/Transatlantic_telegraph_cable, which covers the first transatlantic telegraph cable. Anything to do with electrical communications that smells of rubber and seawater makes me happy.
For some funny reason this list is kinda secondary to me. Of course, it's critical that my co-founder is talented and brilliant. I wouldn't be approaching her/him if they weren't, but isn't trust far more important?

I've been led to believe that personality, drive and determination are far more accurate metrics of measuring whether you should work with someone or not. Is that wrong?
There's APL already.
Mike actually makes some interesting counter arguments against the super angel movmeny. I'm curious to hear what HN thinks about this statement:

"And without those occasional but huge exits, the entire ecosystem can fail. Venture firms need big returns to raise new funds. Without venture money a lot of the innovation in Silicon Valley would end.

So in effect, the argument goes, the angel investors are like a quickly growing cancer. Without radically invasive surgery, Silicon Valley will eventually flatline."
I like how you accuse him of being rich. In the future, make your posts relevant to the thread.
http://the-diplomat.com | for politics in Asia.

http://www.aldaily.com/ | for random goodness.

http://lifehacker.com | for me.
As with writing code, just get your hands dirty. Once you start making things happen (making money) you'll get interested quick.
This is a good overview of today's funding ecosystem.

I'm not sure how concerned I am about having enough founders swinging for the fences and building big companies.

Certainly founders are getting more of what they want as these small exits happen more frequently. For first time entrepreneurs a few million in the bank is a huge fucking deal.

Acquiring companies are getting what they want, too. Often at the lower prices they want the talent, and I think companies are starting to understand more and more the value of acquiring founder talent.

I think we'll see where this goes. Everything is still playing out and it's a very rapid evolution. Examples:

1) Founder cash-outs are happening more and more, likely in direct response to more frequent early acquisitions.

2) Acquiring companies are still experimenting with how to motivate founders after a talent acquisition. The state of the art for the median case -- shelf their code and throw them into a team often with little creative freedom -- is quite stark.
An interesting comparison I'm not really qualified to make is between the relatively secure (?) and cohesive (!) chinese communist party elite and the chaotic free for all (?) in russia. The countries elites both help themselves to quite a bit of wealth but the russians seem to experience an unsolved tragedy of the commons issue. If this is true, will united russia (or whatever it's called) solve the problem of maximising returns from their control of the country (it did take the PRC communist party a few decades)? How could they?
This is trotted out all the time and the number of people it actually affects is miniscule.

* You are taxed on any income over $85,000.

* You can deduct any taxes you pay to the host government from your Federal Income tax.

The first and second apply to me and every year my US tax bill is 0.

Now, if I was making FU money it might be different, but most Americans working abroad never worry about this situation. Except if your Geitner, who just forgot.
I seem to remember that the common Chinese idiom for a tough to learn language is 跟天书一样. "Hard as the heavenly script". If you really refer to your own language as yardstick for complexity, his post has a point.
In the browser, all DOM events and timers are executed in the main thread along with the html parser, dom layout and rendering, css parsing etc. So if the javascript handling an event takes too long it will block everything else and hence UI responsiveness suffers. With web workers, browser starts a real seperate thread, that will not interrupt the main page thread, hence responsiveness doesn's suffer because of long javascript execution.
I'm sure there are a lot of shit stupid things certain people in America will say. But there is so little evidence for this point of view that it's breathtaking to even hear it uttered.
Quite a lot of those cables split in the middle of the ocean but zooming in I don't see any islands. What would such an undersea junction look like? Or would it be a platform?
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The #1 problem with most business guys is not that they cannot program but that they are too damn passive. They accept the rules and the constraints too damn easily.

My biz dev friend comes from a traditional background. He is great at what he does. But he will be the first one to acknowledge that his world is very limited by rules.

A week ago I asked him to find us the best telemarketer in town and to have him working for us by next Monday(today). I told him to set up 2-3 interviews in the next 5 days. His response? "That is impossible..".

What part of that is impossible, I asked. So I broke it down for him: there are 2-3 incredible guys in this town of 60,000 people who we could hire for this job.

This is exactly what I told him: "you are THREE fucking phone numbers away from meeting the right guy".

That's it. There is nothing more to it, really.

Then I asked him to call up all his buds from his last job(in telemarketing) and find out who that top guy is. If they don't know, get at least another ph. number off their friend and ask them. Keep doing that until you find the number of one of the top guys.

All this took place Sunday evening. He got in touch with the #1 performer at our campus phonathon through a friend and we had lunch Monday afternoon. Less than 24 hours from the time we hatched the plan, we found our guy.

Now I am not a sales guy or a business guy. But programming makes you see BS. A business guy, by default, is full of self-sabotaging BS and limiting beliefs. Ones that are go-getters and refuse to accept the default rules can really add value to your team.
I read an economics paper on this once, but I forgot its title. Couldn't have been a very advanced paper because it was undergraduate economics. The thesis was basically exactly what you just said.
Hi there!

How do Poles react to your attempts to learn Polish

I think you were a victim of a small sample size :) All the Polish people I've met have been seriously impressed with my attempts to speak and learn Polish. For those that don't speak English, the effect's the same, usually with a smile on their face. There's one shop I love going to as the various staff there always try and have a conversation with me in Polish, very friendly and patiently.

The reason I need English grammar is because the description of grammar doesn't make any sense to me - I'm at the real basic stage of working out when to use adjective forms of a noun and so on. Shameful, but true sadly.
The world sure needs more "analysis free" "light" news items provided largely by the PR industry.

I wonder how those other organisations, like the Economist and the Wall street journal, manage to charge money. Oh yes that's it - they add value with insight and research and stuff you can't get elsewhere.

I guess Murdoch has been reading his own papers and thinks that young people are just all idiots (see endless stories on how the internet/television/mobile phones/video games make you dumber)
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Some problems with this argument:

* Value creation is value creation. Even if the optics of how liquidity is realized are changed, what matters is making something people want, not the exit strategy.

* There will always be financing options for later stage startups. Super angels will not kill venture capital altogether, as is implied.
switzerland, the US and the UK haven't had any restarts for a long, long time. they are doing good. canada, australia and new zealand never had one (after the initial settlement). the wealth of germany and japan was a re-convergence in spite of bombing.. try again=)
It's not really all that different in North America is it? If you want to stretch the word slavery like that. We exploit people all over the world. I don't think it's fair to be that judgemental towards someone unless you cease to participate in any activities that facilitate someone somewhere being exploited.
"Certainly founders are getting more of what they want as these small exits happen more frequently. For first time entrepreneurs a few million in the bank is a huge fucking deal."

This is the important point, imo.

More small startups -> more small exits which "solve" the money problem for first-time entrepreneurs -> more entrepreneurial-minded people creating companies for "fun" without worrying about the money.

I.e., solving the money issue for entrepreneurs by them having one smallish success is probably good, since they're the kind of people who will go on to create much larger, more interesting companies.
They are going to do an IPO with content that they don't even control well enough to provide what they say you will get when you pay...

I like Hulu a great deal but I have had a Plus account for 2 days now and nothing that I wanted to watch (older shows where they say they offer all of the seasons to Plus members) have the seasons as promised.

An easy one is Heroes, on hulu.com/plus they say you get all 4 seasons of Heroes but go to http://www.hulu.com/heroes wiht your plus account and only the last 5 episodes of season 4 is there. Not that I want to watch this series but it should be there with my super-duper new plus account that I am logged into now with and it shows on my profile that I have paid.
there is no position to disagree with, just a well known fact posted as if it was in opposition to the quoted statement..
Indeed. This is more usable and uncluttered than the other Indian finance sites like moneycontrol and the like.