“Clearly it’s a value-add. That’s why we have non-engineers driving things forward and engineers to grumpily implement or to flat-out say no. But someone should be pushing things forward for pure product experience.”link >
“As Facebook’s user base exploded, Palihapitiya started investing on the side. His first angel investment, in early 2009, was a $25,000 pledge—more than half his life savings at the time—in the online game company Playdom. He made $7 million when it was sold to Walt Disney (DIS) a little more than a year later.”
Howard Schultz talks about making bold moves and having the courage in your conviction, definitely one of the most successful entrepreneurs in history! I remember when Starbucks was languishing at $10 share back end of 2008/2009. Schultz decided to come back as CEO. I didn’t quite grasp what that meant for Starbucks at the time (mainly because I generally refrain from drinking coffee), but from a financial perspective, I sure did must this investment opportunity!
“Not to mention that the development process isn’t productive: code -> compile -> deploy while it is in frameworks like (Rails/Django/Grails): run testing server -> code -> change things and see what happens.”link >
A couple of years ago at D8, Steve Jobs said on stage something like this: computers as we know them won’t go away, but they won’t be used nearly as much. They’ll be like trucks: most people don’t drive around in them all the time, but they’ll use them for special purposes, to get particular types…
A guy named Nelson stole Katy McCaffrey’s iPhone. Little did he realize his photos would end up in her Photo Stream. Or that she would post them all to Facebook…
Gotta love technology.
At least it looks like Nelson had a wild night on the USS Dumbass.
(via Ryan Vance)
“I always laugh at all the pundits /analysts who try to tell you what any non dividend paying stock is worth. Its a function of supply and demand. Its never fundamentals. Read what I wrote a long time ago about the stock market. In the case of facebook they put an ENORMOUS number of shares into the market. Too much supply. Valuation has no relevance what so ever. Conventional wisdom says the buyers of stocks will try to determine the value of a stock before they buy or sell and make the appropriate rational decision. Not even in a Richie Rich cartoon does that happen.”1 note link >
“Financial incentives result in a negative impact because they are extrinsic, external and materialistic. The reason Atlassian gives their employees 24 hours of free mental stimulation is because it fulfills their intrinsic motivation. This in turn gives gives them free time during work hours to create whatever their heart tells them to. The secret to high performance isn’t rewards and punishment, but that unseen intrinsic drive (what’s inside of you). Intrinsic drive is the drive to do things for their own sake and to do things because they matter.”link >
“You shouldn’t get attached to a feature set. You should get attached to a problem you’re solving.”66 notes link >