The Innovators' Ball 282
Babylon Rocker writes "Latest Cringely: The Innovators' Ball: Why Business Isn't as Fun as it Used to be.
'Sharp business is cheating and not getting caught.'"
"Ninety percent of baseball is half mental." -- Yogi Berra
Re:What? (Score:5, Informative)
Re:What? (Score:4, Informative)
Re:Innovation vs. Invention (Score:4, Informative)
Here's a good history of microwave ovens [gallawa.com]
Here's another article with info abt the electromagnetic spectrum [nasa.gov]
Fundamental flaw in collective decision making (Score:3, Informative)
Unfortunately, it's been proven, under a few resonable assumptions, that there exists no fair voting system. This was proven by the economist Kenneth Arrow who won the Nobel prize for his work. A short discussion is here. [vill.edu]
So what ever system of democratic decision-making you might create, it has fundamental weaknesses that are exploitable by the unscrupulous.
The only way to stay out of trouble is to find other ways of raising capital.
Re:What? (Score:2, Informative)
The first GUI was developed in 1979 at Xerox's Palo Alto lab, unless I'm mistaken.
Steve Jobs traded something like one million US$ for a tour of the labs where he first encountered the "Alto", a prototype machine with a graphical interface. This is what led to the Apple Lisa, which was released in 1983 or 1984, if memory serves.
Re:What? (Score:2, Informative)
The first version of Linux I ever ran, and actually the first version of Linux released commercially on CD-ROM was Yggdrasil, which billed itself as 'Plug and Play Linux.'
I booted it up in late 1993 on my 486 computer, which had a Sound Blaster Pro sound card and a 1x CD-ROM drive that plugged into the Sound Blaster pro card.
It played a complex melody (an
That was plug and play. As 'plug and play' as anything from Microsoft at the time.
Re:What? (Score:3, Informative)
Go here [microsoft.com] to find out.
Really, did you think it would be anybody else?
Re:What? (Score:1, Informative)
I've heard that the object which managed the assistant was called "tfa" -- The Fucking Assistant (or something along those lines anyway).
Sharp dealing (Score:1, Informative)
When you're about to go under, they just want to hide it from their investors and minimize the embarassing news.
Pick your CEO when you have the most leverage. This means NOT YOU, but someone that the VC's will approve of, and you can make sure isn't a drooling incompetent. Why? Because you still own 100% of your company when you're making the deal, not 20% of non-voting stock. Insist on checking out this guy's background as if he were about to marry your daughter. If his previous employees trash him, run from him and the VC. Don't even give them a second chance, since this is the guy that they would replace you with later.
VC's make their living fleecing CEO wannabes.
Option #2: Get financed with presales from *multiple companies* in different geographic locations, which makes it less likely that they've cross-breeded. You can keep your equity, you just risk all your technology if you can't deliver (which proves you weren't *the man* anyway). Don't do it with just one company, because they'll drive you under just to rip off your stuff.
Deal when you have the strongest advantage. If you're in a poor position, don't deal. Walk away.
Keep enough money off the balance sheet (i.e. personal cash reserves) to keep the company running for 3 months. VC's will offer you their terms at the last possible moment.
FYI Cringely (Score:2, Informative)
If I were Cringely, I'd be pretty pissed at the world too.
Re:Oh, for the love of... (Score:2, Informative)
Watch this [mit.edu] lecture by Steven Pinker on Human Nature (vs): The blank slate, noble savage and the ghost in the machine. It is like 1 and a half hours and is hosted by MIT.