zazpowered (901)
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 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 over 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 over 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 over 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 over 9 years agoInnovator
A catch-all euphemism for "douchebag." Frequently used to a) describe one's self in a Twitter bio/LinkedIn headline or b) describe others when you're not really sure what they do exactly, but it probably has something to do with disruption or artisanal donuts or growth hacking or some shit.
Your LinkedIn headline: "Innovator/CEO of Douche, The World's First Ephemeral Craft Beer Wearable."
supernovanGirl over 9 years agoTech Crunch Frontpage
Fleeting validation for an entrepreneur that makes you seem more successful then you are.
Eugene: I made the Tech Crunch front page. Matt: So did 'Yo' a few months ago. Zeeshan: My grandma made the Techcrunch front page last fall. Eugene: Sweet.
yungsnuggie over 8 years agoIncubator Hopping
Hopping from incubator to incubator living off the small amount of money they give to your company, just to say you live the startup life style. This is alot like barhopping except your at each location for 3-6 months, not a couple hours.
Ryan has been incubator hopping with the company he started for a couple years now. The money is good enough for him to live off and he loves bringing women to startup parties that very few people have access to.
yungsnuggie almost 9 years agoBuzzfeed Writer
A mediocre writer, but decent list builder. Their article titles usually follow the model: [Number] [Subject] So [Hyperbole] You [Claim]
10 Clickbaity Titles So Enticing You Have To Click
svpro over 9 years agoWOW
#7 will blow your mind.
Second-Time Founder Syndrome
The condition associated with former founders who've had success with one company and are stunted by the task of deciding what to work on next with heightened expectations and desires for it to be even bigger. This condition becomes especially petrifying when the founder has seen 1000's of ideas by that point in time, with no coherent pattern of success.
After Erlich Bachman sold his first company Aviato, he developed Second-Time Founder Syndrome and decided to invest in companies like Nip Alert instead until he gained better ground on determining what he wanted to do next. http://www.themacro.com/articles/2015/12/triplebyte-harjeet-taggar-startup-school-radio/
yungsnuggie about 9 years agoThe 'Porn At The End Of The Tunnel' VR Hypothesis
The hypothesis that says that no matter HOW good or bad VR software is developed, VR pornography will pave the way for the platform's future.
Sora: VR is just a fad. People are not going to want to spend more than a month using it. It's a pain to use and it makes me sick to be in their for too long. LETS STOP DEVELOPING FOR VR PLATFORMS. THEY'RE NEVER GONNA SUCCEED. Wang: Stop thinking rationally and just remember the 'porn at the end of the tunnel.' Sora: You're right. I'm getting back to work.
yungsnuggie over 8 years agomh
Fuck With Me You Know I Got It Money
Newly made money from an entrepreneur usually after the sale of a company or a large payday of some kind, that is flaunted about amoungst one's personal network as an open invitation to query them for investment pitches or start to start new companies of some kind with their backing and financial support.
Reemus is starting an incubator in his house and is inviting all his friends to live in it now that he has 'fuck with me you know I got it' money.
yungsnuggie almost 9 years agoThe LinkedIn Endorsement Burn
Passive aggressively endorsing someone on LinkedIn for a menial skill such as Microsoft Word, while purposely ignoring their more relevant talents in things like Ruby on Rails or Objective C in an attempt to belittle them.
Gilfoil got LinkedIn endorsement burned by Zeeshan when he purposely decided to only endorse him for Microsoft Powerpoint, even though he's a senior engineer at Pied Piper with a wide array of talents.
yungsnuggie over 9 years agoPG
An acronym used in forums referring to Paul Graham, founder of Y Combinator and creator of Hacker news. He spends his time tweeting about how much Y Combinator has grown and describing the perfect founder in a similar way that Cosmopolitan magazine describes the perfect man or woman.
I read a PG essay talking about how the perfect founder has an engineering degree, is always hungry, and lives with his founders in the same apartment. After graduating from Stanford,, we now live in Palo Alto in a one bedroom apartment without any food in the fridge other than raw ramen payed for using the profits of our company in which we are the only customers of.
yungsnuggie over 9 years agoHe has some of the best startup advice http://www.paulgraham.com/articles.html
Vim
A popular text editor with a great variety of custom commands for developers. For douchier members of the community talking about Vim's superiority is the equivalent of having a sexual climax.
Chindra loved developing on Vim so much that he made it's logo his desktop replacing the picture of he and his wife on their honeymoon.
yungsnuggie about 9 years agoBurning Man
The biggest Silicon Valley networking event of the year.
Burning Man will soon be gentrified just like Oakland.
yungsnuggie over 8 years agoAndreessen Voodoo
Drawing facial pictures on eggs to make them look like venture capitalist Marc Andreessen. Entrepreneurs then worship the eggs, hoping they can grow to unicorn status.
Every night before going to be Kamdesh engaged in Andreessen Voodoo hoping that his pitch would go well the following week.
yungsnuggie over 8 years agolol wtf
Vision Quest
A period of time where one does psychedelic drugs to come up with profound visions and ideas for one's company.
Steve Jobs went on a 2 year vision quest before starting Apple computer. Some say his mind opened up during his time allowing him to see beyond the limited vision of the peers in his field.
yungsnuggie over 8 years agoTwo Comma Club
Having an income or net worth that is equal to or greater than $1,000,000. This income or net worth generates a number that requires two commas and therefore puts the person into exclusive status as a high income earner or wealthy individual.
John sold his company for $2,000,000 and joined the two comma club. Reference: http://www.twocommaclub.com/definition-of-two-comma-club/
sellingstock over 9 years agoThat's cool
You have your reservations that the business is gonna actually work or even makes sense, but you don't want to go into details.
Ryan: I'm building a SAAS operated Pet food startup. Bree: That's cool.
yungsnuggie about 9 years agohilarious
hahahahahaha SO TRUE
LOL