One more suggestion. Never ever search any domain you want to buy on GoDaddy. If you search something and the domain name is available and you did not buy it, then good luck getting that domain at a normal price in the future. GoDaddy generally buys it and then parks it with asking price of x100 to x1000 range.
That was also my initial thought. I thought it would be similar to Heroku or Hatchbox. But I see there are lots of information missing on how to deploy a Rails or Django app with databases and redis etc.
It all depends on your level of risk tolerance. Would you want to play safe where you do not want to loose money at all? Invest in inflation protected Treasury bonds. Currently I-bond is paying 7% return.
Would you want to play risky where you do not mind loosing a chunk of the size? Invest in a few obscured cryptos after doing some due diligence where there is a chance of 10-100x return.
Want to play safe where moderate risk is tolerable? Invest in real-estate but it also depends on market and country.
People think buying a franchise will make them an entrepreneur but remember franchise is nothing but a job disguised under thin veil of entrepreneurship. In Franchise business, someone else has a major control over your business and you have to play by their playbook rule. In addition, there is a very little room to scale.
However, if you are person with some developer or marketeer skill then this is the best route to go. If you have few ideas then you can test those by developing a prototype and putting in hand of customers and getting feedback. But be aware that for each prototype you should not spend more than 5-10k. If you have sufficient time in your hand then other non conventional investments can be buying farm lands and trying organic farming, providing micro-loans to entrepreneurs etc.
SPAC's are incredibly risky. When they IPO they basically are shell companies with no operating revenue. So their valuations are essentially fake (some get better market caps because the people who create them have "track records"). Once a startup converts into them their valuation becomes much more interesting. It's a huge gamble. A SPAC that hasn't converted yet is essentially a guessing game. If the SPAC is valued at $500M pre conversion and the market doesn't think the company is worth $500M then you can lose a lot. The opposite is also true.
Note - its much more complex than this, but this is the general idea.
And I think it's pretty random which ones have lock-ups and which ones do not. Generally speaking their lockups are more liberal than traditional IPOs, correct? So it may depend on how disciplined the company's large shareholders are.
Not trying to play negative. It is not about building. Developing the product is only 10% of the game. The rest 90% lies in marketing and sales. There are several interesting HN discussions on how these complicated enterprise behemoth survive and flourish.
Moreover if you really want to attract people into your ideas you need to tell a bit more about yourself. Why should I join force with you? What are you bringing on the table?
Agreed 100% with your thought. Also thanks for sharing the links. These are really thoughtful. Will go through them in detail.
My bad, I was trying to play click bait to check interest. I am a electrical engineer turned management consultant with BCG. I worked with BCG across 2 different continents primarily supporting clients in change management, strategy and cost optimization.
I came across this problem in almost every client where their costs bloat up because of inefficient procurement and the solve was almost always pretty straight forward. Smart sourcing, real time monitoring and comparison with changing market dynamics.
Currently, no solutions exist which are simple to implement and use. Also very few solutions have easy UI/UX which is critical to drive usage across functions. Also what I understand the SMB space also doesn't have a solution like this.
What I bring to the table? Core domain knowledge of procurement, good client management skills & strong action bias to solving a problem
Why should you join me? If you are a hacker and want to redefine how procurement is done across enterprises, we should get chatting right away.
of course he is not giving btc away. A public statement would not help that much because when someone tweets , only a fraction of their followers will see it. So this means that the PSA will only reach maybe 10% of his followers, at best unless he were to tweet it over and over, which would be annoying. He should make an announcement anyway. I think Woz and Brad Garlinghouse had the right idea of suing Youtube when scammers targeted them.
Agree. Big name and celebrities should held social media accountable and companies or organizations defrauding people should not get away with these kind of shenanigans.
