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awt
2007-03-14T12:57:47
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Use of parallel processing is still in its infancy. Virtual reality is still in its infancy. Speech processing is still in its infancy. Wait ... was that comment a joke?
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sharpshoot
2007-03-14T13:06:46
The 53,651 meme
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http://redeye.firstround.com/2006/05/53651.html
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sharpshoot
2007-03-14T13:07:47
E: textmate for windows
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http://www.e-texteditor.com/index.html
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[ 4124, 4142, 4134, 4255, 4147, 4270, 4206, 4104, 4508, 4332, 4151 ]
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veritas
2007-03-14T13:15:44
Online video service Vmix lands NBC deal
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http://today.reuters.com/news/articlenews.aspx?type=internetNews&storyid=2007-03-13T041357Z_01_N12333506_RTRUKOC_0_US-NBC-VMIX.xml&src=rss
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veritas
2007-03-14T13:18:38
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http://intype.info/home/index.php<p>Check out intype too. Found it through Digg. Not as polished as E-Text Editor though.
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staunch
2007-03-14T13:28:02
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Well, it's been a while and I still haven't had to confirm my password. I think this feature is working well.
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awt
2007-03-14T13:28:59
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I met my current co-founder at the first startup school. We've been working together for over a year now. Our first (self-funded) startup hasn't really taken off, but we managed to meet an angel investor in in the SF Bay Area with similar ideas to our own and are now working on a new site - so don't give up hope on getting funding.
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nostrademons
2007-03-14T13:32:32
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More selective doesn't necessarily mean a higher success rate, if VCs can't pick the winners at a higher rate than their general frequency in the population. Wasn't there just an article on here about how VC-funded "A teams" do no better, and often worse, than VC-funded "B teams". And I thought your "Unified Theory of VC suckage" mentioned this too, though rereading it, it seems more about how VCs take winners startups and make them fail rather than how winners avoid the VCs to start with.<p>That said, my high school math teacher and first employer was an angel investor, and he said his success rate was *well* under 10%.<p>A lot also depends on your definition of failure. When Ludicorp shut down Game Neverending and launched Flickr, would that count as a failure? If they had taken millions in VC funding, would they have been able to shut down GNE and say "We're going to build a photo-IM client"? I'm currently working for a (profitable) startup with 4 products. Only one of them is generating any revenue. If that had been VC-funded, it likely would have been 4 separate companies, 3 of which were failures.
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jamongkad
2007-03-14T13:34:23
FOCUS:Mobile-Only Operators Fear VoIP Value Destruction
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http://sg.biz.yahoo.com/060217/15/3yrx7.html
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staunch
2007-03-14T13:36:26
I love the simplicty of YC News, but it's hard for me to read -- Just me?
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veritas
2007-03-14T13:39:32
Three Elements of Marketing
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http://www.jslogan.com/content/view/115/
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extantproject
2007-03-14T13:39:36
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I've had similar thoughts; a sort of business that is "open source" in the sense that the users determine what gets built and can look at (modify, even?) what's going on...<p>extantproject at gmail dot com
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aristus
2007-03-14T13:43:01
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We're going out Friday morning, back on Sunday evening. Ping me, eh? There's a surprising amount of startup stuff happening in Miami. Carlos at Bueno period organization-tld
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jamongkad
2007-03-14T13:43:35
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Hot piece of tech...would love to see this develop in the near future.
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veritas
2007-03-14T13:43:38
Paul Kedrosky's Infectious Greed: VC Performance by Quartile and Vintage Year
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http://paul.kedrosky.com/archives/2007/03/13/vc_performance.html
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staunch
2007-03-14T13:44:33
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I love YC News, and definitely appreciate PG's minimalist tendencies (which made reddit so great). But there's something about this site that makes it hard for me to read. I've been browsing with "View-&gt;Page Style-&gt;No Style" which helps. <p>I'm thinking it's something trivial like the gray visited links and small fonts.<p>Anyone else find it hard to read?
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drop19
2007-03-14T13:53:37
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Amichail, there is a site that was a proto-version of what you're describing called The Business Experiment. It seems to be down right now, but here's an article about it:<p>http://www.businessweek.com/the_thread/blogspotting/archives/2005/08/the_business_ex.html<p>The original site is:<p>http://www.thebusinessexperiment.com/<p> http://www.thebusinessexperiment.com/
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jamongkad
2007-03-14T14:02:29
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Ahh SOC what's a Java monkey to do?
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aglarond
2007-03-14T14:04:07
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Considering that what the partners do is the most valuable aspect of YC, I don't see this scaling without adding more partners. This begs the question of what YC is: is it a company that forms more companies, or is it an angel-firm that creates more angel-firms?<p>The latter can work only by forming these new angel-firms in different startup-beds. There are only a limited number of startup-beds, and a limited number of connections that can be used by partners. When these resources are used up, the only choice is to move to another area and start again.<p>The former is what YC already does, within the limits of the partners. Adding new partners could increase the number of companies funded each year, but only to a limited extent. Finding a partner is hard because it needs to be someone that won't disturb the current dynamic and who will bring in new connections/resources that aren't currently represented.<p>Frankly, I don't see any way to truly scale what YC does. Encouraging startups to form is limited by its very nature to within bounds formed by the market. These bounds have not yet been reached, but still exist.
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jamongkad
2007-03-14T14:19:52
Mobile VoIP is on the march
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http://www.infoworld.com/article/07/02/09/HNmobilevoip_1.html
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jmzachary
2007-03-14T14:28:58
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I'm wondering if this reply is a joke because none of those areas are still in their infancy, especially parallel processing and speech processing. If you really meant to say that their potential hasn't been realized, then is it possible that expectation levels were too high to begin with? Same thing with higher level programming languages. How long have people been working on ML, Haskell, LISP, etc? What you really mean is natural language programming languages, like English, Chinese, etc. as programming languages.<p>The flip side is that some problems that were thought to be easy to solve may, in fact, be unsolvable (practically or theoretically). Computer vision is a good example of this. <p>I'm not trying to start a war or play devil's advocate for the sake of playing. My comments come from a real place. I have a PhD in computer science and was a professor in the field at a top university in the US. As sobering as it is to think about, I have serious concerns about CS because the problem landscape looks a little flat. The first mountain was computation (e.g., microprocessors), then usability, then networking/communications. What's next? I believe a big breakthrough in established fields like AI, VR, etc. are low probability using existing computational models, the weak proof being that a lot of very bright people have been working on these hard problems for a very long time and advances appear to be small and incremental. I don't know if QC will hold any promises in this area, maybe so.
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PindaxDotCom
2007-03-14T14:41:11
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Yeah I agree. I visit the site a few times a day. Its hard to read, and hard to tell if I missed a good post too! Perhaps organizing posts by date might help.
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r7000
2007-03-14T14:42:52
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The feature set you have put together might be very useful to some potential users who aren't bands. You might be in one of those "we built it thinking of market X but ended up filling a need for Y" sort of situations.
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veritas
2007-03-14T14:43:12
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Its usually fine. The user pages are a bit cluttered with all the history of a certain user. And yep, small fonts and grayed out links that blend into the background are small gripes on my part as well.
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mattculbreth
2007-03-14T14:51:04
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Just buy a Mac and use the real thing. :)
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danw
2007-03-14T15:07:31
Lessons from the Field (A Top-10 List)
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http://mindpetals.com/blog/2007/03/lessons-from-the-field-a-top-10-list/
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danw
2007-03-14T15:19:14
null
I'm ok with it but I have to increase the text size to read it. This isn't exclusive to YC news, I have to increase font size on most webpages due to my poor sight and mac os' irritating support for external monitors.
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wr1472
2007-03-14T15:21:16
Wanting to start a startup
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far33d
2007-03-14T15:22:11
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jmiao - definitely and yes.
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agentbleu
2007-03-14T15:23:21
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This is an article some may find interesting about Charles Saatchi and his latest stunt
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sszhou
2007-03-14T15:25:07
"The Funded" - A New VC Resource For Entrepreneurs
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http://www.businesspundit.com/50226711/the_funded_a_new_resource_for_entrepreneurs.php
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agentbleu
2007-03-14T15:28:17
Charles Saatchi back as the king of online marketing
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http://startupcrunch.org/is_charles_saatchi_in_the_throne_as_the_king_of_online_marketing
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drop19
2007-03-14T15:37:10
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I love it, it reminds me of Guy Kawasaki's article about avoid stupid things that slow users down..<p>http://blog.guykawasaki.com/2007/01/the_top_ten_stu.html<p>very refreshing to not have to type extra crap in.
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Readmore
2007-03-14T15:37:46
Raising funding without a plan or powerpoint
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http://onstartups.com/home/tabid/3339/bid/1289/4-Quick-Tips-on-Raising-Startup-Funding-Without-A-Plan-Or-A-PowerPoint.aspx
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sharpshoot
2007-03-14T15:39:47
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I've got a mac :) just for all the tempered souls who are waiting for leopard to come out and have persuaded themselves not to switch... (like my cofounder..shh)
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naish
2007-03-14T15:40:18
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EC2 is intriguing; however. it is only available to a limited number of beta testers. The waiting list appears to be lengthy... I'm not counting on gaining access any time soon.
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siddii
2007-03-14T15:42:43
Where, Life is full of random surprises!
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http://www.TheRandomHomepage.com
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sszhou
2007-03-14T15:48:20
BBC May Be Stifling Startups, BBC Jam Shuttered Following Complaints
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http://www.techcrunch.com/2007/03/14/bbc-may-be-stifling-startups-suspends-bbc-jam-following-complaints/
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Readmore
2007-03-14T16:06:58
null
This is an interesting problem that I've wondered about myself. We all talk about Web 2.0 not being a bubble but maybe that's just because the 'average joe' doesn't know anything about what's going on. Other than a few stories about MySpace and YouTube most people never hear about any Internet startups. How do you cross that divide without spending alot of money on TV commercials? During the first bubble they were great at getting people's attention but bad at software, it seems like now things are exactly the opposite.
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jamiequint
2007-03-14T16:32:03
Twitter: What are you doing?
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http://twitter.com/
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danw
2007-03-14T16:35:17
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Any one on YC use twitter? I'm twitter.com/pixelm on there
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awt
2007-03-14T16:39:45
null
If speech processing is not in it's infancy, why can't my laptop tell how I'm feeling by listening to my voice? I seriously doubt you think there's no way to accomplish that.<p>Perhaps we are not talking about the same thing? The tone of the article was that students were being turned away from CS as a major because they felt nothing new was happening. In response to that I'm talking more about applications of these technologies. The applications of parallel processing haven't even begun to be tapped out. Same with the applications of speech processing. <p>I once used gp to create a soccer bot for the robocup. It took hours to train it to even kick the ball on my iMac running Mandrake. With more advanced use of parallel processing I could have trained a much more sophisticated bot -- but that was not available to me at the time.<p> As for the theory of computation, perhaps that field is completely tapped out. I have no idea -- you would probably know better than I.<p>Perhaps you're right. Maybe all the programs have been written (theoretically). Perhaps there's nothing left to be done. <p>Then again, computer science has only been around since the mid 20th century. Chemistry and physics have been around much much longer. It just seems that it's a bit too early to call.
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semigeek
2007-03-14T16:42:19
null
I've been contemplating a mac laptop for a while - textmate was almost what put me over the edge on my decision. Guess I can stick to Windows for a bit longer now :)
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amichail
2007-03-14T16:49:30
null
Why is textmate interesting? <p>I've been using Eclipse for java development and have been very happy with it.
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e1ven
2007-03-14T16:49:35
Making Userinterfaces FEEL responsive
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http://tantek.com/log/2007/02.html#d19t1813
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farmer
2007-03-14T16:52:11
What VCs love about Skype, Myspace, and Flickr
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http://money.cnn.com/magazines/business2/business2_archive/2006/10/01/8387115/index.htm
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semigeek
2007-03-14T16:54:50
null
"But if you actually watch that ticker it's increasing so slowly that it probably isn't costing them any more money"<p> Multiply the increase by the amount of users that receive it and the number doesn't seem so small - and can never be considered 'no cost'. The trade off is that with the more mail they can index per user, the more relevant advertisements they can display and the more people they can lure with their gimmick. Of course, they're also taking advantage of the 10% rule when it comes to offering that large amount of storage.
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staunch
2007-03-14T16:55:02
null
FYI: The win32 version of gvim is very good.
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pg
2007-03-14T16:56:38
null
This graph contains pretty dramatic news: the lowest quarter of VCs used to make small positive returns up till 1997, and since then they've consistently lost more and more money. It looks like a lot of dumb money arrived in 1997.
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pg
2007-03-14T16:57:38
null
Vote this up if you want the fonts bigger and visited links darker.
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pg
2007-03-14T17:00:37
null
I think it's reasonable to design for the 53,651. What they use, others will later. The Apple II was designed for the 53,651.
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[ 4254, 4563, 4162, 4371 ]
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bluishgreen
2007-03-14T17:01:45
null
I run emacs over cygwin. Seems the feature set is nothing new. Am I missing something ?
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python_kiss
2007-03-14T17:04:44
Video: Where is the Web Going?
null
http://blogs.business2.com/business2blog/2007/03/video_where_is_.html
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Zak
2007-03-14T17:11:39
null
Prediction: MySpace fails within two years - users move to something similar, but less restrictive. I'm not sure trying to create that something is a good bet for a startup though; there seems to be more random chance involved in determining the success of such a service than anything. That's not to say it's impossible. To anyone thinking of building a similar service: make it flexible, easy to use and free of arbitrary restrictions. Pay special attention to the social interface (see http://www.joelonsoftware.com/articles/NotJustUsability.html).
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mynameishere
2007-03-14T17:11:54
null
Seems odd to witness a lot of business-type people arguing (or at least leaning) in favor of copyright infringement.<p>I mean, we could argue for a while about whether some kid should be allowed to download songs off of bittorrent. That's just some kid. But then, you have a huge corporation doing almost the same (okay, okay, with all due equivocations, like: They're only hosting/distributing, not uploading). Well, google isn't distributing video out of a love of the artform. I mean, person X builds/owns something, and person Y profits from it, or at least tries to. See no problem there? It might come down to "might makes right" here, if google has sufficiently expensive lawyers.<p>The seemingly obvious solution is to tack a 15-second advertisement on the videos and then share the proceeds with the owner.
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pg
2007-03-14T17:11:56
null
Or if you prefer things the way they are, vote this up.
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danw
2007-03-14T17:12:35
null
Firstly, based on the design of the rest of myspace, do you think the users care what it looks like?<p>Second, Most myspace users havent heard of digg, reddit, etc. To them this is going to be a wonderful new thing.
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python_kiss
2007-03-14T17:14:44
null
All business start off as micro-niche. Friendster's demographic was considered a niche just four years ago. Now it is considered "mainstream". <p>The one thing startups do risk for aiming small is VC investment. Venture Capitalists are reluctant to write a 7 figure check to a startup aiming for the 53,651 audience.
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mattculbreth
2007-03-14T17:17:54
null
Honestly tough to answer this. It's one of those things where you just have to use it for a while to realize how supportive it is of programming. All of the bundles (mostly developed by third parties) certainly helps. You can basically automate/script the application any way you like. There are bundles for different frameworks/libraries that can speed up common development tasks.
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veritas
2007-03-14T17:18:20
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I know the article says to ignore the trends after 2003 (too soon to tell period), but the downard slope of both quartiles is still interesting and I wonder why it's there. Lot of web 2.0 investments tanking perhaps?
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python_kiss
2007-03-14T17:20:45
null
TechCrunch has 351k feed subscribers not 53,651. I remember when Mashable covered mainstream startups but, in face of competition, positioned itself towards a smaller niche (covering social networks). Today Mashable has close to 80k subscribers.<p>There is nothing wrong with aiming small.
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danw
2007-03-14T17:24:15
null
I'm not sure I understand the motive behind the linkjacking. If ze is after a higher pagerank then ze should have noticed that YCnews uses rel=nofollow. If its karma then ze should have spotted that there is only karma gains when its a direct link. If its click throughs on the referal links then I'm pretty sure that the kind of people who read YCnews already have a paypal account and dont want to join payperpost.<p>Am I missing something?
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far33d
2007-03-14T17:25:42
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I wonder if user numbers are quantized at the Early Adopter number, or if successful sites smoothly cross that threshold (like the paid user quantization). For instance, did myspace or youtube have a user population stall around the 50k mark before becoming more widely successful?
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mattculbreth
2007-03-14T17:28:14
Search Engines go to blogs first, websites second (your business should have both)
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http://dondodge.typepad.com/the_next_big_thing/2007/03/why_search_engi.html
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pg
2007-03-14T17:28:37
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The downward slope is almost certainly due to the increase in money being put into VC funds. Without a corresponding increase in the number of promising startups, the returns have to fall.<p>The graph is a visual illustration of the standard VC complaint: too much money chasing too few deals.
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amichail
2007-03-14T17:30:41
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But is it better than Eclipse in terms of sophisticated language support? For a dynamic language, maybe that's not so important. But for a verbose statically typed language such as Java, it's critical. <p>BTW, if you have not checked out Eclipse lately, see:<p>http://download.eclipse.org/eclipse/downloads/drops/R-3.2-200606291905/new_noteworthy/eclipse-news-all.html
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jcwentz
2007-03-14T17:36:09
Microsoft buys Tellme for over $800 million
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http://gigaom.com/2007/03/14/microsoft-buys-tellme/
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domp
2007-03-14T17:37:56
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This looks like a pretty cool device. I'm not sold on that sort of popular recommendation service system like last.fm though. It tends to be great for casual music listeners but I always feel like it recommends me the obvious handful of bands that I already know about.
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danielha
2007-03-14T17:39:07
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It's not a matter of aiming small or finding a safe niche. Build something good and don't be afraid to aim big with broad appeal -- as long as focus isn't scattered. The market for early adoption may start off small, but that's frequently the case. <p>Consider HD TVs and displays. Years back, it was the enthusiasts who were the early adopters. But I can assure you HD is no niche market and the companies behind them were not aiming small.
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pg
2007-03-14T17:40:31
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Apparently VCs put $238 million into Tellme. That is a lot of funding.
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drop19
2007-03-14T17:44:34
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fonts are fine (that's an easy change for browser users to make because we have shortcuts), but visited links should be darker (more of a pain to change for just one site)
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danielha
2007-03-14T17:45:21
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Charming splash page they set up: http://www.tellme.com/
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mattculbreth
2007-03-14T17:46:25
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I don't see it as a tool which can be compared easily. Eclipse (in my view) is more of a complete IDE. Same with Visual Studio (also superb).<p>Textmate is a seemingly minimalist programmer's editor. When you get into it and start hacking you start to see how much is really there. Definitely not an IDE though.
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imp
2007-03-14T17:47:01
Flipping Web Fixer-Uppers
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http://money.cnn.com/magazines/business2/business2_archive/2006/06/01/8378486/index.htm?postversion=2006060100
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domp
2007-03-14T17:47:52
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I totally agree. It makes them sound like they don't know what they're talking about. I also thought it was funny that now they're describing these amazing 'niches' that are being worked on when it's been happening for a real long time.
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veritas
2007-03-14T17:53:10
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Indeed. Is it just me or are those two ugly buttons at the bottom completely superfluous? Couldn't they have just made the logos into links. It would've been so much nicer.
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keizo
2007-03-14T17:53:30
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or if titles should be bigger w/less contrast. I like .title 11pt or 12pt and a:link less than black, maybe #222222 or so.
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mattculbreth
2007-03-14T17:53:43
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Sounds like a good idea.
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run4yourlives
2007-03-14T17:54:11
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Compared to eclipse: Bloat.
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dawie
2007-03-14T17:55:05
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I think greyed out links on the gray backround makes it harder. Why not use some of the orange for unread links?
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danielha
2007-03-14T17:56:24
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The marriage metaphor, as JMiao put it, works well. When you're setting off to start a family with someone, you don't want any adverse surprises. The same goes with starting a company. And similarly, making foundation changes will be expensive as hell, in time and money.
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run4yourlives
2007-03-14T17:59:35
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This is pretty interesting. Of course, the big risk here is that "flipping" anything is entirely dependent on a hot market - like we have right now with web apps. <p>Should that market turn, you won't be able to flip as successfully as you could right now. Sounds like a great idea to raise funding, finance a large purchase, etc. etc.
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amichail
2007-03-14T18:02:53
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Why does it matter if eclipse is huge? Your productivity is what's important. And for Java, eclipse results in a dramatic improvement in productivity.
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keizo
2007-03-14T18:07:52
Leveraging Emerging Technology, how one company found it's niche using .NET :\
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http://www.atalasoft.com/cs/blogs/billbither/archive/2007/03/13/leveraging-emerging-technology-as-a-foundation-for-your-startup-software-company.aspx
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e1ven
2007-03-14T18:09:23
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They had 53K at the time of writing ;) That article is from nearly a year ago..<p>I think that that is part of the key to understanding why the 53K are targetted- Because anything they're talking about now has a good chance of making it big later on.<p>It's a risk, and it doesn't always (seldom?) pays out, but if I were to infer into the minds ofany dozens of developers, I'd think they're looking at the Techcrunch readers as the type of Early Adopters that they want/need to get them started- The type of people who are going to get excited about a product, to tell their friends.<p>These are the people who will spend a day trying new technologies, whereas most "normal" people only try it once a friend recommends it. Those targeting the TC-crowd want to find that friend.<p>-Colin
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startup07
2007-03-14T18:30:03
Open Semantic Database
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http://www.freebase.com
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dawie
2007-03-14T18:51:07
A cool way to generate hipe about your product
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http://www.37signals.com/svn/posts/320-preview-7-highrise-plays-well-with-email
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jimream
2007-03-14T18:57:22
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The web is evolving very fast these days. It seems to me that because of our connections and web browsing habits, people reading this are often disconnected from how "normal" people view the web. Let me assure you, this web 2.0 craze we are seeing is no bubble. What will happen? well, in a sense, web 2.0 is really interactive web 1.0. The future leaders of the social web will analyze the strengths and weaknesses of today's leaders: Google, Facebook, Myspace, Del.icio.us, Wikipedia, and Craigslist. (technology increases exponentially: never forget this)<p>When a website incorporates all the positives of these types of websites into 1 all encompassing tool for organizing the unlimited information of the Internet, then we will see something great. We will see an evolution of these tools and it will not only be something people can use to get more efficiency out of life, it will actually improve people's lives and societies (globally). <p>If you think the effects social networks and human/computer interaction are amazing, wait until you see the children of these sites. It is *absolutely* not a coincidence that the founders of Reddit played WoW. They realize that power of a website is directly correlated to the amount of user input into a website. The dilemma we entrepreneurs are faced with today is creating systems that encourage maximum participation.<p>How does this tie into the 53,000 theory? None of the big winners, and I am talking the big ones, facebook, myspace, google, msnpages, orkut, (these are the sites that lead the world in user participation) succeeded because of blog recommendations. They succeeded because they were better ways of experiencing the Internet, not because some “expert” on techcrunch told the geeks it was a cool product. <p>Well, there are many amazing "web 2.0" websites out there that will never be used by the masses until their friends, not techcrunch, invites them.<p>On the Internet, the best solution always win. Humans are economical; they do what is best for themselves. When we create a search/browsing tool that is at the same time more rewarding and fun than myspace/wikipedia/delicious/digg we will see the whole world adopt this method, the same way the world has adopted the Google search, the same way all the “cool” people are on myspace. This website will not only be as "cool" and as fun, it will actually enhance people's lives. <p>This is the future of the web. It is also no coincidence that VC's like the one whom this post is referring to, have seen a lot of "like delicious but XXX" or "Digg killers" This is not just hype, one day it will happen. One day there will be a delicapedieddit that will emerge as the new Internet powerhouse. <p>
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dawie
2007-03-14T19:00:14
Inspire Yourself: 58 Creative Logos
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http://www.smashingmagazine.com/2007/03/13/inspire-yourself-58-creative-logos/
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python_kiss
2007-03-14T19:04:41
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lol@"20 ways to make your cellphone look like Steve Jobs".<p> Digg users are indeed obsessed with lists. I once posted an article to Digg titled "9 Inventions Edison Did Not Make" along with "Anatomy of a successful social network". Both reached the frontpage; but the former received 500 more Diggs than the latter, eventhough I must've spent 20x more time writing "Anatomy of a successful social network".<p>Digg users have severe ADD; they like to consume information fast, and then get out of the site. Lists let them do just that.
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ericwan
2007-03-14T19:08:31
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I'd say there're two kinds of startups which are unknown to mainstream America. One is the kinds the general public have actually used, but just may not realize that is a service provided by a startup company. This includes the likes of Slide or Meebo, which many more people have put their widgets on their blogs/Myspace than going on to their proprietary website. These startups are fine; they may just need more PR to the mainstream media.<p>The startups that are really hard to reach mainstreams are those me-too startups, which are those "social network for XX" or "youtube cross wikipedia" kind of thing that users could not tell a slight difference from the sites that they have been using.
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python_kiss
2007-03-14T19:11:52
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Here is a list of almost 1000 Web 2.0 logos: http://web2logo.com<p>Good post though :)
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nostrademons
2007-03-14T19:14:40
BarCampBoston2: An open unConference for technology & startups
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http://barcamp.pbwiki.com/BarCampBoston2
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ericwan
2007-03-14T19:16:48
A lot of VCs say they invest in the team. Then why do they often insert outsiders after they fund a startup?
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[ 4195, 4196, 4252, 4257 ]
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goodgoblin
2007-03-14T19:18:21
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interesting idea - I hope they add the ability to search by state and take out that puke green. Perhaps if we could get it in cornflower blue...
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staunch
2007-03-14T19:21:15
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My guess is most of the time the VCs are nervous about the business or don't get along with the people they're replacing. They want to install blindly loyal and controllable "yes men" to feel secure.<p>Bringing in suits is still considered standard operating procedure. It's a shame how many mini-John Scully incidents (minus the happy ending) occur. ArsDigita is a famous example, and I imagine there have been hundreds of less dramatic and less public instances.<p>It does seem like there would be legitimate scenarios where replacing top people may be necessary. Most of the time I would regard it as a likely-fatal symptom of a serious condition.
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python_kiss
2007-03-14T19:24:33
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It all boils down to this: when a VC invests money in a startup, they are putting their reputation on the line. So imposing some control over the startup just seems natural. Imagine if you had to trust $11 million on a group of strangers; installing one of their own on the startup's board gives them a birds eye view of how their money is being spent.
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staunch
2007-03-14T19:27:52
nPost.com Interview with Reid Hoffman, CEO of LinkedIn
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http://www.npost.com/interview.jsp?intID=INT00079
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staunch
2007-03-14T19:42:16
LinkedIn's CEO Reid Hoffman Replaced By a VC Crony (02/4/07)
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http://venturebeat.com/2007/02/04/linkedin-loses-its-linked-in-chief-executive/
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staunch
2007-03-14T19:48:53
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He claims to agree with the move, but considering the timing of that investment it seems unlikely the decision was his.<p>If he hasn't quit by '08 I will be surprised. Time to launch a LinkedIn competitor?
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