Sohum
Australian Decacorns
How Punishing the Universe Can Be
Re:Ask HN: Non-violent video games with great stories?
on Saturday June 04, 2022 @11:01AM (#31621089)
Thomas Was Alone and To The Moon. Both absolute masterpieces.
Re:I want an iPhone Mini-sized Android phone
on Tuesday May 17, 2022 @01:38PM (#31413970)
Fellow small phone fan. I've gotten a lot of mileage out of the smaller OnePlus phones designed for kids.
Re:Ask HN: Share your personal site
on Thursday April 07, 2022 @07:14AM (#30942996)
www.sohum.com
Luck and Risk Surface Area
Things I Don't Like About Cryptocurrency
Re:Y Combinator When No One Cared
on Monday May 01, 2017 @02:44PM (#14240282)
Curious question. If YC started today, with the exact same manifesto but in the current environment as opposed to the one in 2005, could they still have been as successful?
Re:Please tell us what features you'd like in news.ycombinator
on Tuesday January 11, 2011 @12:14PM (#2092607)
All links open in a new tab.
Re:Ask HN: How do founders end up broke?
on Monday November 08, 2010 @12:20AM (#1881490)
So the founders who own majority of the company, can be outnumbered on the board and have little influence over "strategic tactical" decisions etc?
Re:Ask HN: How do founders end up broke?
on Sunday November 07, 2010 @11:50PM (#1881427)
Thanks for all the answers ... I also found this which cleared up a few things.
http://www.danshapiro.com/blog/2010/08/vc-insanity-economics...
Re:Ask HN: How do founders end up broke?
on Sunday November 07, 2010 @11:26PM (#1881379)
Are there a pre-set number of board seats or can new seats be issued as new investors emerge?
How did Mark Zuckerberg maintain control of the board, whilst still receiving huge VC investments? So I imagine it something like, he owns majority of the board but not majority of the shares?
Re:Ask HN: How do founders end up broke?
on Sunday November 07, 2010 @11:15PM (#1881359)
That article was very informative.
I still don't fully understand what a VC has to gain by eliminating the founders?
So as long as the board is owned by non-founders, a sale can be forced even though the founders disagree and want to continue operating ... even if the sale will leave the founders with nothing? ... that seems so diabolical!
Re:Ask HN: How do founders end up broke?
on Sunday November 07, 2010 @10:52PM (#1881307)
But if the company sold for less than $5m, the founders would get nothing?
Probably ignorance here, but if the company sold for less, say $4m are the founders now in debt for the remainder of the 5x agreement?
Ask HN: How do founders end up broke?
I've recently read stories of startups that became successful and were bought out for large sums, but the founders received little from the transaction.How does this happen?Also, how do cases like Steve Jobs and Harry Osborn occur where they are removed from their own company? Do VC's and Investors really take that much of the company? How much influence do they hold over a company they invest...
Re:Ask HN: Problem finding/choosing an idea to work on
on Saturday November 06, 2010 @10:01PM (#1878386)
Not sure how much this is worth, I only recently discovered Hacker News (and am 17 also), but if you're having trouble coming up with ideas, it's probably best to find a co-founder who is really good at coming up with ideas....
One of the most common things you here from successful "entrepreneurs" is that they have an overflow of ideas and not enough time to work on all of them.