yungsnuggie (1281)
The Multi-CEO Club
A club belonging to individuals who are the CEO of more than a single company.
Now that Jack Dorsey is about become the CEO of Twitter, he is about to join the Multi-CEO Club along with Steve Jobs and Elon Musk.
yungsnuggie about 9 years agoPremium Price
When searching for domains this is the biggest "fuck you" you can encounter. It translates to costs more than 25,000 dollars.
"This is a .CO Premium Domain Name that is available for registration at a premium price."
yungsnuggie about 9 years agoThe Sharing Economy
The socio-economic ecosystem that focuses on using the labor or tools of a collective society. Basically empowers normal people to offer services easily without having to go through a company outside the application that is brining them together.
Uber is exploring uncharted territory by disrupting the Taxi industry and powering the sharing economy with respect to automobiles.
yungsnuggie about 9 years ago
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 about 9 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 about 9 years agoHipster Designer Fallacy
Refers to non-technical, founders whose best abilities lie in intangible abilities versus testable ones. They focus on the overall product versus individual features.
Steve Jobs, founder of Apple Inc. and Brian Chensky, founder of AirBNB, are self-proclaimed design founders.
yungsnuggie about 9 years agoChanging Ms to Bs
When setting a valuation to ones industry, this refers to changing the numbers on one's presentation slides to reflect that the industry they are disrupting is worth billions not millions. Investors aren't looking to put money in million dollar companies as much as they are ready to invest in potential billion dollar ones.
"Back then I didn't know what the hell a Pitch Deck was. Sam Altman looked at my slides and told me to change all the ms to bs because thats the only thing that interests investors. "
yungsnuggie about 9 years agoBubble
Refers to the collective group of software companies whose worth is perceived to be lower than their labeled valuations.
Jeff: You got funded because we're in a bubble. On demand cat food isn't worth 50 million dollars. Ryan: What bubble? Cat food is a billion dollar industry.
yungsnuggie about 9 years agoStanford Ignorance
Not knowing simple everyday things because you attend Stanford all the way out in the middle of Palo Alto. This includes not being able to take a bus or knowing where the BART goes.
Jessica: What is BART? Were they talking about The Simpsons? Monica: Your Stanford ignorance is showing...
yungsnuggie about 9 years agoFounder Sympathy Blogging
When a semi-high profile startup founder writes an incredibly emotional (and overly dramatic) piece about how hard their lives were to humanize them and make them seem accessible.
My friend Jerry Lee Kai was founder sympathy blogging the other day and to his surprise it got incredibly popular. He had to follow up that later that he wasn't as damaged as the article made him out to be.
yungsnuggie about 9 years agoThe Stanford Marching Band
Genuinely the weirdest and most outgoing students at Stanford whose performance includes not only playing music, but also being incredibly random in the ways they dress and perform.
My dad saw the Stanford Marching Band at the airport and all of them were wearing multi-color onesies. At first he thought they were retarded, but then realized they were students attending one of the most highly rated universities in the world after asking one of them if they needed help.
yungsnuggie about 9 years agoQuoralin
Starting a fight on Quora. Combines the words quarrel and Quora.
Julie has been quoralin with a bunch of university students on her laptop all day.
yungsnuggie about 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 about 9 years agoBurn 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 about 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 about 9 years agoStartup Dementor
Someone in an early company whose prescience is so negative and soul sucking that nearly every happy memory you've had when with them dissipates.
Dementors originiate as fictional creatures that guard a wizard prison in the Harry Potter series
Ronald and Perry are startup dementors who help destroy the early companies they join with their consistent negativity and thoughtless criticism.
yungsnuggie about 9 years agoTupac Startup
An incredibly promising new company that unexpectedly dies at it's prime.
I heard the founders fucking hated each other. So even though their company was doing pretty well they became a tupac startup.
yungsnuggie about 9 years agohahaha
Only New Friends
A habit alot of founders make (with exception to the people they work with) to only hang out with new people or acquaintances because their old friends are negative as shit. This is the opposite of the hip hop theme propagated by Drakes "No New Friends," track.
Steve (at home): Brad never answers my calls anymore. I bet he's having a rough time. I'm going to talk to him for 3 hours next time I see him about how bad his life probably is going to be and try to convince us to join us at Task Rabbit. Brad (at bar): Fuck Steve. Only new friends.
yungsnuggie about 9 years ago
Initially seemed revolutionary to bring better experience to customers and financial reward to value creators. Results are TBD.