Buying the logo
Investors putting a tiny percentage of a fund into a company so they can claim credit. Credit to Sam Altman
Due to the success of Airbnb, some investors are buying the logo so they can put an Airbnb badge on their website.
zazpowered over 9 years agoCTR
CTR which stands for click through rate is the ratio between clicks and impressions. It is a commonly used term in online advertising and email campaigns as a way to measure effectiveness.
Dan placed a small banner ad on his website that received 5 clicks in 100 page views for a CTR of 5%. After making the banner ad full screen his CTR increased to 100% but nobody returned to the site.
zazpowered over 9 years ago@SingleCommaClub where do you think i got it from
WFIO
WFIO, pronounced whiff-eee-o, is an acronym which stands for "We're Fucked; It's Over." Used to describe that horrible moment when an individual is certain their startup is dead. A typical entrepreneur will experience three of these per week.
Board of Directors: How was revenue this quarter? CEO: WFIO
hunterlane over 9 years agoOS
This just means Operating System. When you hear this just think "Windows" or "Mac OSX"
I hate myself so I installed the Windows Vista OS on my brand new laptop.
yungsnuggie over 9 years agoZynga
A word used to describe the flashing and annoying ads which consume the lower 1/3 of your phone's screen.
Bro #1: Taking my phone to the shop, there's this weird Zynga on my screen that refuses to go away.
Bro #2: Ha, I had to throw mine in the trash to get rid of it.
That_Guy over 9 years agoHipster Designer Fallacy
The mistaken belief that good designers must be hipsters or look like hipsters.
Tim: So there's this really great designer I am interviewing. He has a really nice portfolio and seems like a sharp dude but he doesn't have oversized black rimmed glasses or a scarf. Do you think he will be any good?
Rachel: Hmm. I wouldn't risk it.
zazpowered over 9 years agoChief Wizard
An incredibly corny way of saying CTO.
I stopped paying attention to my European friend's pitch deck as soon as he referred to his CTO as the chief wizard on the intro slide.
yungsnuggie over 9 years agoBerkeley Engineer
An engineer that graduated from UC Berkeley, pretty nerdy, not interested in starting their own company
Travis: Hey I have an idea for a new taxi service, do you want to join as a cofounder?
Kilim: No I think I want to work for google. It's very prestigious.
zazpowered over 9 years ago@davidheming3 I agree. I actually went to Berkeley and I think we are doing well in entrepreneurship but we are still behind Stanford, especially with companies that have started recently. Also this was tongue in cheek and just something I observed in some friends.
You mean to say that Berkeley engineers and non-engineering alums founding Intel, Apple, Myspace, Sandisk, Sun Microsystems to name a few is not entrepreneurial enough? UC Berkeley is #2 or #3 when it comes to undergraduates pumping out entrepreneurs, not too far behind Stanford.
No Free Lunch
An expression known all to well to employees at Apple Inc, who are required to pay for their own lunch.
Back at Google we'd get free food during all times of day, but here at Apple it comes out of my salary because there's no free lunch.
yungsnuggie over 9 years agoGrad School Scapegoat Purgatory
The situation in which one purposely enrolling into grad school with the intention of delaying the inevitable fate of getting a job or starting a company.
Lewis: I enjoyed my time at UCLA so much that I decided to go to grad school?
Jack: Do you plan on going into resarch?
Lewis: Well no. I just want to chill and be in grad school scapegoat purgatory for awhile.
yungsnuggie over 9 years agoValley Optimistic
Refers to the optimism that people in Silicon Valley have for new technology and ideas that people outside of the area might be skeptical of.
"You know I'm valley optimistic but I really don't think that tic-tac-toe mobile game you pitched me is going to do all that well"
zazpowered over 9 years agoHacker News Hack
A person who spends his time commenting on Hacker News product posts all day criticizing everything he sees, but is just barely aware that they can't make something original of his or her own.
During his breaks, Jack becomes a hacker news hack who browses hacker news all day and criticizes everything he reads.
yungsnuggie over 9 years agoAirbnb Job
Refers to the job of renting out sections of your own apartment or even renting and purchasing new property for the sole purpose of renting out on Airbnb.
Rachel: You told me you didn't have a job.
Tim: Oh, it's an Airbnb job. Not a real job but my closet is fetching $800 a month right now so I make good money.
zazpowered over 9 years agoBug
A bug is a flaw in software that causes an unintended result. Most bugs arise from errors in written code, rather than from a computer itself. Due to the prevalence of engineer-created bugs, some programmers sardonically refer to their bugs as "surprise features".
Albert: Is there a bug in your code? I can't log into my account.
Justin: That's a feature. The site is telling you to go outside and take walk.
xmangoslushie over 9 years agoRockstar Developer
A developer that rocks the code hard, while looking good, dressing well and being adored by colleagues and fans alike.
Mary-Ellen: How come no other developers are like Angus?
Johnboy: He's a rockstar. They are rare, because it's a long way to the top (if you wanna rock 'n' roll).
masterblaster over 9 years agoDelaware C-Corp
The widely accepted incorporation structure in Silicon Valley. It allows the most flexibility for entrepreneurs and investors putting their money in newer tech driven companies.
Aref was so disgusted by our Florida LLC incorporation that he decided to pull his money out of our company based on sheer incompetence. I was able to win him over by telling him that Facebook once made the same mistake.
yungsnuggie over 9 years agoA/B Testing
A/B testing is when you test two variants of something A and B to determine which one maximizes the outcome you want. It is commonly used in web design.
After doing some A/B testing, Buzzfeed determined that the headline "You'll never believe what happened next" had a 50% higher click through rate than the headline "The cat ran across the lawn" so that's what they used.
zazpowered over 9 years agoScrappy
A word used by startup founders to justify the unethical tactics they use to grow their companies.
Jen: Did you really just scrape all of that site's content and then email their users to promote your own website? Omg thats so admirable. You're so scrappy
zazpowered over 9 years agoI want advice
What startup founders will tell VCs when they really want funding but don't want to ask directly because they think they will be shot down right away.
John: Hey Marc Andreessen. We have this new app that's like Vine except the videos are 10 seconds long because we think that's more optimal. I would like some advice.
Marc: Do you really want advice or are you just here for funding? I prefer when people are direct.
John: Sorry we really just wanted funding.
Marc: No
pygmyknight over 9 years agoIn the wild
Seeing a new technology out in the real world, not just at launches and demos.
Have you spotted the new Google car in the wild yet?
spectrumed over 9 years ago
I've had this problem with mobile apps. I spam ads, but nobody comes back.