Well, I'd rather save $2k - $3k every month and have housemates. That's $36k per year of extra cash for Christ's sake. You roll that into Tesla in the beginning of this year and now it's $150k (okay you'd need to be quite lucky to do this); or you roll that into BitCoins whenever there's a panic; or you just save it up and wait for the next market crash. But as you can see.. if you save and invest that, it becomes Porsche or even Ferrari money pretty quickly.
... and... that's still not enough for a good house:(
If you're a fresh grad or a young person making good salary, you can always rent a single family house and share it with a few teammates. I've been doing this for 2 years now and rent expenditure has been pretty low for me.
The real problem though.. is even if you make $200k+ per year here, it's still difficult to buy a house in a decent school district.
The language works. The libraries work. The programmers like it. And there exist a fairly big set of products and services built from it that are successful as well.
That, is what matters in the end. By your own logic, languages like C shouldn't have existed at all.
An offer of a few million dollars is quite common for just talent acquisition. It's extremely unfair for the rest of the world, but it's also no biggie.
There's a lot of trash talk in startup circles (the, I work 120 hours per week and everyone in my team is a rockstar, kind. or, I'm sure my company will be worth 10x more than Facebook, kind. etc.) - but in the end of the day, $million dollar offers don't occur every day considering how many people are looking for exactly what you're being offered. I once had a $2M offer for my startup when business was good, but as soon as business went south for various reasons, everything is gone. I don't regret it too much - I got a nice job in a different company after my startup folded - but I'm not a millionaire now.
Yes, I'm sure you think your company will be worth $10B+ in a 5 years down the road right now - everybody does. And I can bet a big part of that perception is caused by the VCs and other entrepreneurs you talked to. Let me give you a clear answer to that as someone who has-been: even considering you're someone extraordinary, that's extremely unlikely. I don't mean to break your spirit, but you need a lot more than just being smart, hard working and charismatic to do that.
The total default rate is 3.6%, out of an expected 12% - that's better than expected, and that's what matters. If you want to be shocked by big numbers you need to look elsewhere. On a national level a measly $0.5B is nothing.
I see. I suppose you must be selling your application profitably on every single platform - from toasters, TVs to smart phones and desktops, with hundreds of millions of devices in the field, then? If it's that easy, what's your ranking in the Forbes list?
Knowledge is valuable. If you don't value the bit of knowledge taught in the course at $100, that's your choice. But I'm sure there're people who think it's well worth it.
Yes... they're just cut 20% from you, even though you obviously have little negotiating power compared to them. Maybe you should look at how record companies treat their artists.
The devices are supposed to be for identification purpose only - an RFID device can very well do that. So the fact that it needs a battery is already fishy - why use a more expensive device that needs more maintenance instead of cheap, readily available devices that need almost no maintenance?
The professor in question had actually disassembled the device in question, and it was the professor who pointed out the existence of microphone and voice ADC chip on the device - there's totally no need for such things for an identification tag that passes you through customs.
That's because you've set your bar of a "God" way too low - it's not like they've changed the vacuum speed of light, or the gravitation constant, or made 1+1=3 for everywhere in the universe, yet.
The "impossible" biotech guy you just talked about, has been working at a PhD degree in Stanford when he was 19 - ok, his startup is in the education field instead, I can give you that. But do you seriously think that guy still needs another degree?
And, outside of the list, Linux 2.4 was maintained by a 18-year-old, and that's a very non-trivial job as well.
There're people who're already in PhD programs by the time they're 19, and then people who'd founded venture backed companies before they got accepted by Stanford. These guys are not your average 19-year-olds. They're given the 100k precisely because they don't need the education any more. And very probably also because they don't really need the money.
You really should check out the people who got awarded the 100k, then. Unless you're already a billionaire, it's pretty hard to say they're failures - in fact, the reverse is much more likely to be true. The 100k is given to people who don't need the college education.
He already has 2 patents before he was accepted by Stanford, and has already opened more than 10 companies, and his current company already has significant backing. Peter Thiel's award is only given to people who don't need college.
Shares aren't given out for free - even for the founders themselves they almost always have a vesting schedule which means they don't actually own all the shares up-front - they need to vest for e.g. 4 years before they actually own the shares allocated for them. If you're asking for shares from founders at an early stage company, it'll almost always imply they'll need to hire you or the startup's capital structure will feel sketchy to investors.
Also, you need to make sure the founders can be trusted. Whoever with majority control of the company can decide to dilute only "someone else's" shares at the next fund raising.
Slashdot Mirror
Well, I'd rather save $2k - $3k every month and have housemates. That's $36k per year of extra cash for Christ's sake. You roll that into Tesla in the beginning of this year and now it's $150k (okay you'd need to be quite lucky to do this); or you roll that into BitCoins whenever there's a panic; or you just save it up and wait for the next market crash. But as you can see.. if you save and invest that, it becomes Porsche or even Ferrari money pretty quickly.
... and... that's still not enough for a good house :(
If you're a fresh grad or a young person making good salary, you can always rent a single family house and share it with a few teammates. I've been doing this for 2 years now and rent expenditure has been pretty low for me.
The real problem though.. is even if you make $200k+ per year here, it's still difficult to buy a house in a decent school district.
If you're driving for fun.. you should go to a track.
The language works. The libraries work. The programmers like it. And there exist a fairly big set of products and services built from it that are successful as well.
That, is what matters in the end. By your own logic, languages like C shouldn't have existed at all.
If a person with AS, who knows he has AS, doesn't find his AS attribute negatively affect his progression in life...
Then, there's little reason for him to regard it as a disorder.
It doesn't matter what you think of him, you are not him. You can only make educated guesses, at best.
Correction: It should be 0.1 billion, or 100 million discrete units, for each BitCoin. Anyway, it's enough granularity for most practical purposes.
A BitCoin can be divided up into 8 decimal digits. So one BitCoin contains 1 billion discrete units that can be used for transactions.
An offer of a few million dollars is quite common for just talent acquisition. It's extremely unfair for the rest of the world, but it's also no biggie.
There's a lot of trash talk in startup circles (the, I work 120 hours per week and everyone in my team is a rockstar, kind. or, I'm sure my company will be worth 10x more than Facebook, kind. etc.) - but in the end of the day, $million dollar offers don't occur every day considering how many people are looking for exactly what you're being offered. I once had a $2M offer for my startup when business was good, but as soon as business went south for various reasons, everything is gone. I don't regret it too much - I got a nice job in a different company after my startup folded - but I'm not a millionaire now.
Yes, I'm sure you think your company will be worth $10B+ in a 5 years down the road right now - everybody does. And I can bet a big part of that perception is caused by the VCs and other entrepreneurs you talked to. Let me give you a clear answer to that as someone who has-been: even considering you're someone extraordinary, that's extremely unlikely. I don't mean to break your spirit, but you need a lot more than just being smart, hard working and charismatic to do that.
The total default rate is 3.6%, out of an expected 12% - that's better than expected, and that's what matters. If you want to be shocked by big numbers you need to look elsewhere. On a national level a measly $0.5B is nothing.
I see. I suppose you must be selling your application profitably on every single platform - from toasters, TVs to smart phones and desktops, with hundreds of millions of devices in the field, then? If it's that easy, what's your ranking in the Forbes list?
There's no fsck.. So unless you're 100% sure your Linux machine never crashes and your power supply is never interrupted - don't.
Knowledge is valuable. If you don't value the bit of knowledge taught in the course at $100, that's your choice. But I'm sure there're people who think it's well worth it.
Yes... they're just cut 20% from you, even though you obviously have little negotiating power compared to them. Maybe you should look at how record companies treat their artists.
If your data is important then you wouldn't store it in just one drive.
Worst case, they give you tumors, which we'll take care of.
You need to watch and understand the video of the report to understand its severity: http://www.youtube.com/watch?v=yGFsHhu7sJ0
The devices are supposed to be for identification purpose only - an RFID device can very well do that. So the fact that it needs a battery is already fishy - why use a more expensive device that needs more maintenance instead of cheap, readily available devices that need almost no maintenance?
The professor in question had actually disassembled the device in question, and it was the professor who pointed out the existence of microphone and voice ADC chip on the device - there's totally no need for such things for an identification tag that passes you through customs.
You can still get the basement alright, somewhere in Guantanamo.
That's because you've set your bar of a "God" way too low - it's not like they've changed the vacuum speed of light, or the gravitation constant, or made 1+1=3 for everywhere in the universe, yet.
Then please go check out this page, from the horse's mouth:
http://thielfoundation.org/index.php?option=com_content&view=article&id=26&Itemid=19
The "impossible" biotech guy you just talked about, has been working at a PhD degree in Stanford when he was 19 - ok, his startup is in the education field instead, I can give you that. But do you seriously think that guy still needs another degree?
And, outside of the list, Linux 2.4 was maintained by a 18-year-old, and that's a very non-trivial job as well.
Please... go read about the people who got the 100k before assuming they're just your average 19-year-old:
http://thielfoundation.org/index.php?option=com_content&view=article&id=26&Itemid=19
There're people who're already in PhD programs by the time they're 19, and then people who'd founded venture backed companies before they got accepted by Stanford. These guys are not your average 19-year-olds. They're given the 100k precisely because they don't need the education any more. And very probably also because they don't really need the money.
You really should check out the people who got awarded the 100k, then. Unless you're already a billionaire, it's pretty hard to say they're failures - in fact, the reverse is much more likely to be true. The 100k is given to people who don't need the college education.
He already has 2 patents before he was accepted by Stanford, and has already opened more than 10 companies, and his current company already has significant backing. Peter Thiel's award is only given to people who don't need college.
Shares aren't given out for free - even for the founders themselves they almost always have a vesting schedule which means they don't actually own all the shares up-front - they need to vest for e.g. 4 years before they actually own the shares allocated for them. If you're asking for shares from founders at an early stage company, it'll almost always imply they'll need to hire you or the startup's capital structure will feel sketchy to investors.
Also, you need to make sure the founders can be trusted. Whoever with majority control of the company can decide to dilute only "someone else's" shares at the next fund raising.
You can have infinite copies but you can only transact it once - you use one of your copies and all the others are invalidated.