The 4 Immortal Industries
Food, medicine, sex, and advertising.
Mr. Javed taught us in class about the 4 immortal industries and that how from now until the end of time, as long as human civilization endures, these industries will exist and thrive.
yungsnuggie over 8 years agoA/B Testing
A method of experimentation to test which products, services, or marketing tactics return higher conversion rates, customer satisfaction, sales, etc. Used to weed out shitty products or services and prioritize one, better product or service.
Guy 1: Hey we have two email newsletters. Which one do you think would return a more sales?
Guy 2: Don't know, let's use some A/B testing and see which one performs better.
Original Jared over 8 years agoRelevance Companies
The startups in one's incubators that are responsible for their relevance.
AirBnB and Dropbox are Y Combinator's relevance companies. Without them people would care about the incubator to a much less degree and they would not be as successful as they are.
yungsnuggie over 8 years agoPre-Funded
An incredibly douchey way of describing a startup that hasn't raised venture capital or angel money. Technically anything you create is pre-funded so using this adjective only serves to show that you are insecure from not having raised money and that you're desperate for attention.
We're a pre-funded startup looking for design hackers that want to get their work into production super early and have a real impact on product.
yungsnuggie over 8 years ago
Burn Rate
Burn rate is the rate at which companies spend.
Alot of startups have absurdly high burn rates which is the antithesis of why investors generally invest in software companies in the first place.
High burn rates for a company less than 20 months old is an easy sign of telling whether startup founders are retarded and only made it that far by being likable and well connected. Most of the time high burn rates aren't warranted and it's an easy sign of telling that a group has no fucking clue what they're doing.
A bunch of my Stanford classmates graduated and raised money from their prototype. I could tell they're burn rate was high even after raising so much money. Any idiot could see their traction didn't warrant the spending. They closed after a year and are now working on new startups. I pity the early investors who will sink their teeth into the next batch of hot bullshit they oven roast and serve in their next venture.
yungsnuggie over 8 years agoBoonies
Anywhere outside Uber's or Lyft's discounted ride share areas.
Example 1
Example 2
Friend 1: Where do you live?
Friend 2: Inner Sunset...the boonies.
Coworker: I just moved to the city and need to look for a place to rent. Where should I look?
Coworker 2: You should totally look in SOMA or the mission... you don't want to get stuck in the boonies.
canterburry over 8 years agoCode Ninja Turtle
Someone who is lazy as fuck, but is also brilliant jack of all trades engineer.
Ryan slept the entire week and finished his part of the project the night before it was due. Our boss thinks he's a code ninja, but he's really just a code ninja turtle.
yungsnuggie over 8 years agoPintern
A title interns at the company Pinterest give themselves when joining the company for an internship.
Along with the intellectual prestige that goes along with working at a brand named company like this, it's mostly used to make the intern feel cute/happy go lucky.
Vanessa: I interned at Microsoft in Seattle this year on the Bing team. It was pretty sweet. Whad you do Pete? Pete: I'm GLAD you asked Vanessa! I was a PINTERN this summer. I'd go to my work in my pajamas and drink hot cocoas all day, while developing some pretty pintresting stuff. Vanessa: Fantastic...
yungsnuggie almost 9 years agoAuthority positioning
Authority positioning enables a person or a company to be perceived as the go-to expert in their industry.
Also called authority branding.
Ida Giroday is an international authority positioning consultant and success coach for women entrepreneurs. She helps her clients become the leader in their field and fast-track their success.
Zaza G over 8 years agoEECS
Electrical Engineering and Computer Science.
This EECS major I met just codes and plays DOTA all day when he's finished working.
yungsnuggie almost 9 years agoConvertible Debt
An investment instrument which allows both founders and investors to procrastinate on the most important aspect of a business. Essentially an investment in a flamewar. Both entrepreneur and investor can share the delusion of cutting legal costs by skimping necessary discussions which usually backfire and lead to unfair dilution if the company succeeds or ruined professional and personal relationships when the company fails.
Sam: I just raised a million dollars for my startup, GooberData! Kayla: Cool, how? Sam: A convertible note! Hey, where are you going?
willgr81 almost 8 years agoI like your style.
Teacher Branding
The process of leveraging technology through national media placement, book publishing and coaching to help educators position themselves as celebrity level experts in their subject matter
Chad T. Collins is an edupreneur and advocate for the success of educators through the process of Teacher Branding.
tallenhanes over 8 years agoStopping Out
This is essentially the same thing as dropping out, except you still have the option of returning to the school you dropped out of even after a couple of years.
Most top universities have policies allowing students to "stop out." All "dropping out" is essentially "stopping out" the major difference being that the "drop out" doesn't return.
Jack stopped out of Berkeley after YC funded his startup, but ended up returning to school after he realized that it wasn't for him.
yungsnuggie almost 9 years agoGrindr
A male to male friend finding app referenced in the first episode of Silicon Valley in which Erlich Bachman claims to have a 10% stake in.
Little more about me.
I am the founder of Aviato.
And I own a very small percentage of Grindr.
It's a men to men dating site where you can find other men within 10 miles of you.
yungsnuggie almost 9 years agoGarage
Made famous by Steve Job's and Steve Wozniak's founding of Apple in a modest garage in Los Altos. Now a term used by startup founders to appear frugal to investors or to express "started from the bottom now we here" sentiments
"We are a billionaire dollar company now but do you remember those days when we worked out of a garage?"
zazpowered over 8 years agoFree Food
An excellent fringe benefit that increases employee morale, public image and work culture quality at low cost, it might even allow companies to pay out lower salaries or have better negotiation leverage for new hires.
Goldman Sachs employee: Yeah I go out to eat every so often, but I like to make my own lunch.
Facebook employee: Ha! we get free food every meal at Facebook!
Goldman Sachs employee: I hope you're stuffing it down, cuz all that free food comes out of your bonus pool! I just get a fatter check every year.
Facebook employee: *cries*
willgr81 almost 8 years agoDisrupting
Doing something that has already been done before.
Doing something that has already been done before in a slightly different way.
Doing something that has already been done before in a slightly different process.
Doing something that has already been done before with an extra idea added to the thing that has been done.
The startup is disrupting the letterhead printing industry by offering letterhead printing delivered*. * delivery is the disruption
diccfish almost 9 years agoDtF
Down to fork. Forking is a term used in GitHub to propose changes to a project.
Cindy: Hey Brad, I heard you've been making some changes on the project? You DtF later? Brad: Sure.
yungsnuggie over 8 years agoHouse Lannister
Also known as Apple Inc. They hold a powerful grasp on the Iron Throne of Silicon Valley for being one of the most profitable companies in the Valley. Just like the Lanisters, Apple always repays it's debts whether it's paying their investors back or revenge in the form of their army of patent trolling lawyers.
Steve: After I graduate, I'm going to work for House Lanister. James: Careful boy, rumors say that there's an army of Dragons coming
GoogleEngineer over 8 years ago
nice one