skysight-inc/HackerNews huggingface dataset:
She didn't respond, which I was hoping for because that means I'm wrong. I was just trying to offer some criticism, perhaps this is the wrong setting and her success is the focus.

Thanks to HN, I have a cofounder and our app should be out within days.
Thanks for the explanation. One thing that's confusing me: if the company gets a Series A round, convertible debt is worse than the equity you would've gotten because you've essentially chosen to invest as a VC rather than an angel (which means you're investing, in all likelihood, at a higher valuation). This isn't true if the valuation cap is sufficiently small, but then why not just get equity out the door?

If the company goes bust convertible debt is worth nothing, like equity.

Where's the upside? Convertible debt seems like a strictly worse investment than stock.
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TweetDeck on iPad is infuriating to use. It's buggy, crashes all the time, doesn't have feature parity in landscape and portrait modes, and is super slow. Yet, I keep using it because multi-column is the killer feature for me. I wish they'd fix it up though.
Can't believe no one else responded: "Hello, Reginald!!"
I found that hitting the "updates" tab repeatedly caused the availability of the Twitter app to come in and out -- presumably because I was cycling through servers, some of which had the update and some of which didn't.
You know that Discovery Channel gunman, James Lee? Photos of him were going around Twitpic before reporters could even get to the building. Think of it as real-time publishing for the masses.

Twitter definitely has value - it's just completely overwhelmed with junk.
I agree.

I'd rather spend my time programming, building interesting things(interesting by my definitions) and learning new tech than building (or overseeing the construction of) things, spending time on making sure that other people are going to like it, finding ways to monetize it, hiring people and retaining them, ensuring they get paid every month, and keeping a commercial enterprise afloat.
I suddenly wish I knew Ruby (and was otherwise even remotely qualified), if for no other reason than I really want to come home.

- Home is actually Kingston, but anywhere in non-BFN Ontario is acceptable to me. Halifax is far to far from home.
Usually a buck a drink will do the trick.
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This must be a custom setting of yours; C-s and C-r are the default. (And easier to type.)
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What would you propose to make the system more "fair" without destroying the value of bitcoin?

beside, the point of bitcoin is not generating bitcoins. In fact, generating bitcoins does nothing to create any value. Bitcoins become more valuable when you can trade goods for it.

Some guys get more chance at making the correct calculation that get him new bitcoins. Big deal. He get to buy 50 bitcoins worth of stuff. That's not a lot considering the exchange rate. Maybe it's 4 dollars at most. Don't forget that it won't be 50 bitcoins forever everytime you solve a problem. It will eventually be reduced to half and then half until nothingness years later. 21 million bitcoin limit. No more can be generated.

Maybe it will be more rewarding to generate bitcoins when bitcoins are in extremely high use, but that mean more competition for mining bitcoins. All that does is increase the difficulty to the point of becoming unprofitable.
Great article. What does HN think about large initial rounds. In my opinion raising large amounts of money can distract one from building an efficient business, and can potentially distract from the core vision while giving up more control. But I always hear recommendations to raise as much as you can!
Well, not rob a bank per say. But they certainly might feel entitled to receive compensation from the Government.
Is it only the valuation cap that could vary for different investors? (Would a conversion discount or even interest-rate-until-conversion ever vary as well?)

How often does the valuation cap actually prove relevant? (I'd thought they were picked to handle outlier successes; a healthy company might still do its first formal round below any caps.)

Does having many different caps make the next equity round any more complicated?
No...shit
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When viewing someone's profile, you can see what I presume is their chronological user id. @jack, for example, is #12; @ev is #20. @paulg's recently created account is ~183M, and a brand new account came in at 185M.

Wonder if it's a bug or intentional that they're now releasing this info. I might not be update the app...
"The big indicator should be that the 3 foundations of the current system, as described in the presentation - can all be exchanged for each other. Land for Captial, Capital for Labour, Labour for Land. Try exchanging information for any of these, you won't have much luck, unless we're talking trade secrets or blackmail. Try exchanging open information for a piece of land and see how you get on."

Governments give literally acres of land and tax breaks and concessions and fall all over themselves when some techie company or other opens a call center. That is literally trading little old information for all three. I give you my domain knowledge and you give me labor (call center workers), land (um, land), and capital (tax incentives/breaks/concessions, whatever you wanna call it... cash).

Microsoft, aside from outsourced Flextronics-made XBox 360s and Zunes, make information.

"Moving information around is just playing with the surplus production given to us by efficient manufacturing and agriculture"

Moving information around is how you can use your Idaho bank card in Bangalore. It doesn't make your bank worth less than Juanito the beet farmer in Brazil.
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Investing at a valuation of $1 million is a strictly worse investment than investing at $500k, from the perspective of the investor, but that doesn't mean $500k is on the table.

Here's the metagame: investing traditionally sucks for founders. Founders at the top tier of companies now have market power. A betting man might predict it is going to start sucking less for them.

Of course, somebody has to explain the game has changed to investors. Preferably, a respected someone with no immediate need of their money, whose favor investors rely on desperately for deal flow. If he is a really good communicator, he might even get them to agree that this is in their interests, since successful startups are cheap at any price and unsuccessful startups are overpriced no matter what the terms were. If he can credibly claim to represent mostly successful startups, well then, no harm to investors.

whistles
I love the name of it "inDinero", and yes Spanish is my native language.
(require 'zencoding-mode)
(add-hook 'sgml-mode-hook 'zencoding-mode)

http://www.emacswiki.org/emacs/ZenCoding
Exactly right. When I can walk into the supermarket and say "I wrote a patch for your company's webserver for free" and they give me my groceries for free, then the "information economy" is real.

'Til then I think I'll stick to cold hard cash.
In your new system please don't ignore people who have been blacklisted, at least respond with a reason or if you can't do that at least acknowledge that a human has read it and isn't going to take action so poor people like the author doesn't have to sit around wondering if he's even going to get a response.
This info has always been available: the RSS feed attached to everyone's profile page is by ID.

For example, mine is feed://twitter.com/statuses/user_timeline/13192.rss
Ahh thanks for the correction, didn't know.
scribd responds

Why am i asked for a login to see their response?
Great, except for when your users DNS resolvers cache the DNS entry longer than they're supposed to (many resolvers ignore TTL), and are unable to reach your site.
Are Apple Fanboi's overtaking HN
Over last few months I have observed a significant Apple bias on HN. and I am not alone http://www.bothsidesofthetable.com/2010/06/03/some-tips-to-improve-the-civility-on-hacker-news/
.

An ongoing weird discussion is how Apple is leading employer among CS grads. In fact Apple hardly funds any research or tries to be visible among students. Frankly most of Apple's innovation are in Design and UI and not at all in engineering. The low latency Google search infrastructure or Amazon Web Service or Facebook's Scalability are engineering marvels and not an iPad [it is a design marvel but not an engineering one], even underlying kernel for Mac is borrowed.

In reality Google, Facebook, Mature Startups[twitter, etc], Microsoft [big hit since they pay well and hire engineers as "Program Managers"], Trading firms [Black Rock, D.E. Shaw, etc.] are most popular. No engineer in his right mind cares about coolness of Apple brand. I also rarely see researchers from Apple at any CS conference (WWW, SIGIR, VLDB) while there are thousands of Citation for some of Google's prominent papers PageRank,GFS,MapReduce and countless in IR/Machine Learning.

Another funny discussion is how 150K is an unbelievable salary for mid level Google employee.
Any person who has been near a good CS university [from where Google typically recruits] would know that it's a realistic figure.
I know people addicted to twitter, it has replaced IRC for a lot of people. They follow all their friends who follow them back. So they whenever anything happens, they tweet it, their friends respond to it, etc...

It is just like the old chat rooms for some people. They will post 100s of tweets a day, stuff that happened to them, but mainly response to other people. It is an ongoing conversation these people are having over weeks and months. They make friends with some, then lose them.

Lots of people don't use twitter that way, and I don't think it is the best way.
Huh? You exchanged your domain expertise (i.e., your knowledge of a specialized piece of information) to make their system of vending goods work better. I'm _quite sure_ they would compensate you for this. See? Boom, information for capital.

It's the future, folks. That's what this entire site is about.
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Ask HN: non invasive analytics tool?
I was wondering if anyone knew of a lightweight, non-invasive web site analytics tool. Something that would just look at my web server's logs, or at least would be undetectable to my visitors.

Also, are such systems limited, compared to Javascript or PHP based tracking?
When I was in my last year of school and attending a bunch of recruiting events there was one CEO from a mid-sized consultancy who impressed us all by taking a call from his wife in the middle of his presentation in front of couple hundred students. He'd get the whole group to say hi to her and then said he'd phone her back, hang up, and continue with his presentation. Gave a good sense for the work/life balance.

Of course, we then heard that every term he gives that recruiting talk and every time his wife calls right in the middle...

I kind of became enamoured with his evil genius ways.
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I stand by this comment.
I traveled to China this summer, and in the Shanghai airport they use a very similar system to get quick feedback on customers' satisfaction with the customs agents. At each station, there's a little box with 3-4 buttons ranging from :-) to :-| to :-(. (For example: http://bit.ly/aoSXgP)
Kinda true but credit card debt =/ 0 buying power. A lot of these folks are carrying non-zero balances but using the cards anyway. The trouble is credibly collecting payments which will almost certainly come from users' credit.

As an aside, while this demographic has less total buying power than that of responsible consumers, it's also a hell of a lot more likely to buy stuff. Possible net positive?
It may depend on why someone is a vegetarian.

If they simply do not want to eat anything that may be considered meat, however broadly defined, then eating micro shrimp might give them trouble.

If they avoid eating meat insofar as they do not want to cause the suffering of some creature, then shrimp may not be an issue.

http://www.wesleyan.edu/wsa/warn/singer_fish.htm

Much like "atheist" or "capitalist" , "vegetarian" gets used to describe a number of situations that are not all interchangeable, but for which there are often not many good, easily grasped, alternatives. (Though I seriously do not get the "vegetarian who eats chicken" thing.)

For myself, if someone offered me vat-grown meat I'd have no moral qualms eating it, though I think I lost the taste for meat sometime ago.

I refer to myself as a vegetarian, but I'm sure there's some longer, more complex, not-worth-the-trouble term or phrase that more accurately describes my conditions for what food I'll consume.
I was half-expecting to be charged a $9 subscription fee to see the content, but then they'd have to fail to pay themselves to make the joke complete.
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Using wikis to manage a small team's internal documentation and shit is a PITA, particularly because you get into a situation where you need to sort of replicate some formatting on a bunch of different pages but then, whoops, nobody knows how to use the template system in a sane way.

Live preview and some sort of not-shit WYSIWYG would make wikis for small teams much nicer. Then what'd make it even super nicer is lightweight macros and pre-made templates that could be stored in a per-user or per-category way. Like... github, but for wiki-stuff.
You can always make more money, but you will never get time ill-spent back no matter how high you climb or hard you try.

I've been seeing this one a lot lately so I'm going to go ahead and call it. Bullshit. Most people directly exchange time for money in the course of "making a living". This is why poverty is referred to as a trap (and a desperate one at that). Poverty is what happens at the limit of this exchange when it takes an extraordinary amount of time to to get very little (or goods worth very little) money.

Instead of people "wasting their lives", what we see in this example is a broken economic system that makes it more valuable for people to sit in their cars two hours a week while the street is cleaned than the other available alternatives. This should open the debate about the failures of public transport or city planning or whatever, not merely provide a smug fellow on a bike an opportunity to look down his nose at others.
My point was that the Nordic system does work. It strikes certain balances, which may or may not also have negative effects as well, but generally you can say that it's a system that its people have freely chosen and are happy with. Countries that tend towards real Marxism are not really in the "functional" category so much.
And to clarify, it is evelreads that is asking you to login, rather than scribd
Congratulations on the funding - it looks like a good product. :)

I just wish that some of these finance-startups would support European markets :(
Thanks for letting me know, i've gone and disabled that setting in scribd.
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I would swap snake oil salesman Kurzweil for Clay Shirky's institutions vs collaboration:

http://www.youtube.com/watch?v=sPQViNNOAkw
have you tried confluence?
Anyway, even in the free/open world, a lot of wiki software come with simple wysiwyg editors and templates
I kind of became enamoured with his evil genius ways.

I think I would not. Screw manipulators.
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While I can for sure appreciate the Scribd service, charging for 24 hour access to "archives" is just silly. It reminds me of Rapidshare, which isn't exactly a brand to live up to.

On the other hand. So does the website that posted the article and requires a login to read the follow-up.

I like that someone called Scribed out and they fixed the situation.
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It still depends where you live. In some places it takes two years just to find an angel investor, and then six months to make the deal, in which the angel takes 50% of the company whatever the size of investment...
I love that you used the phrase boot strap in the same sentence as a million dollars...I understand the concept, don't blow the money on a big team, but man, for us people bootstrapping, selling possessions and hoping the $1000 a month salary turns into $2000 before there isn't anything left to sell...
Looking at it from a market perspective, there is a limited supply of something (ie. seats at a table at a reasonable time), and a demand. It's then not a surprise that getting a table costs you more. The only surprising thing is that it seems suprising!

When there's a limited supply of anything, naturally the price will rise. In every other market, there is no benefit to being "first in line" for the product - the price is the price.

Why not have an auction system for getting tables? Whenever a table becomes free, the maitre d' asks everyone to bid on the table. If no-one bids, then whoever is first in line gets it. That seems like the fairest system - no-one can game the system by bribing because it's all completely open and honest.

Why don't any restaurants do this? As a bonus side effect, you'd probably attract the people with more money to spend, as they figure they can guarantee themselves a quick table. Also, this allows the people that really want to go to a restaurant to splurge on getting the first available table, while someone who doesn't really care might leave and go somewhere else.

Basic market forces causing the most optimal distribution of a limited resource.

--
Ayjay on Fedang
Convertible notes are a financial instrument that allow the startup to raise money in a more flexible way than traditional fixed rounds.

First, convertible notes help offer the first investors cheaper price. Investors that come later will pay more because it's easier and less risky to invest in something that other people have already invested in.

Second, the startup can use convertible notes to raise money more gradually. It used to be that they don't know how much they need and investors don't want to borrow large sums of money to early startups. Now the startups can more easily raise smaller amounts until they become credible enough and actually need to raise larger amounts.
That is the flipside of this. I have a friend who when he's staying at a hotel with his girlfriend always says "it's our anniversary" or "it's her birthday". It usually works but... Maybe they're in the bridal suite and 5 minutes later a real couple on their anniversary show up.
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Hm, doesn't that mean that the investors would be better off to go seek for interesting startups in the parts of the world where the investors are so rare that the founders don't have that kind of market power? And would accept nearly any valuation just to get funding?

Or it's still just easier to sit and wait for startups to fall in their mouths, accepting whatever terms they might ask?
But this is a problem you'll never really fix.

Actually it's a fairly easy fix. Pay waiters a decent wage (so they aren't reliant on tips to pay the rent), plus an annual bonus for everybody who's worked the entire year (so they have an incentive to do their job right and not get fired), and combine this with actively discouraging/forbidding accepting tips and you're basically there. That's how most industries work.
I can't remember off the top of my head but it should be ($needle, $haystack) if it isn't because of the appearance order in the English colloquialism "NEEDLE in the HAYSTACK".
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How are they dealing with the "we're not financial planners so this isn't financial advice" thing? (or is that not an issue in the US?)
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From the comments section:

UPDATE! Evil Wylie contacted Scribd and successfully negotiated a resolution. Scribd now offers the option for an author to PERMANENTLY OPT ALL DOCUMENTS OUT of the "archives." This is effective immediately. This doesn't mean that what they did was right (although their terms and conditions allow them to basically do whatever), but they do respond to complaints rather swiftly.
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The last thing we need is another reason for people to be buying bottled water when tap is perfectly safe, cheap and environmentally friendly.

You ingest far worse things every day. This is intellectually interesting, but I fear it will cause people to overreact.
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