Aug 31, 2008
The Cheap Revolution: Top 12 Books for Entrepreneurs
Sean comments on the cheap revolution blog with some good books to read
This is a good list for the concept stage, I would add “The Innovator’s Dilemma” by Clayton Christensen and “Four Steps to the Epiphany” by Steve Blank for your concept stage list. For a marketing focused list I would point to an article that Mark Duncan (http://www.askmar.com/) and I collaborated on “Crucial Marketing Concepts” that’s available in a short and long form here:
http://www.skmurphy.com/resources/emerging-product-introduction/
the long form also includes book reviews for a dozen good books on new product introduction.
There is also a good list of business books at
http://personalmba.com/recommended-business-books/
that you might want to think about for your Launch Stage section.
I would also second the movies “Startup.Com” and Tucker from Peter Ireland’s list (but none of the others) and add the “Triumph of the Nerds” documentary by Robert Cringely on PBS.
[From: The Cheap Revolution: Top 12 Books for Entrepreneurs]
Aug 31, 2008
A Newbie’s Guide to Startup Compensation (or “Stock Options will Make Me Rich!”) - Tony Wright dot com
3 Harsh Realities of Startup Options
1. Employees with decent salaries and options will almost NEVER get rich in a liquidity event. The people who might get rich with startup equity are the founders and the investors (not coincidentally, the people who took significant risks). There are obviously exceptions here– I read that Google minted 900 new millionaires when they IPO’d. Good for them. But when you do the math on probably exits for most startups, it’s good– but it’s not quite so rosy. VentureHacks has a breakdown of what startup employees might expect in terms of equity. Assuming you don’t get diluted with further investment down the road, a lead dev or director might expect 1% ownership (vesting over 4 years). So in the event of a $50,000,000 exit, they’d walk away with a cool $500k, IF they’d been there for 4 years or longer.
2. Options vest over 4 years. Everyone loves the idea of the overnight success with a quick-flip to Google. It’s vanishingly rare, but it does happen. When it does, the founders generally do okay, but what happens to the late-comers with unvested options is a question mark. Those unvested shares COULD accelerate (meaning they could all vest when the buy happens). Or they could convert to options in the purchasing companies stock (par value). That’s all part of the negotiation and it all depends on the leverage you have with the buyer.
3. How the options are set up very much effect how attractive the company is to a buyer. We’d LOVE to offer 100% acceleration upon change of control to our hires– that’d mean that all options would immedietely vest and our whole team would be rich and happy– but not particularly incentivized to stay and work for the buyer.
[From: A Newbie’s Guide to Startup Compensation (or “Stock Options will Make Me Rich!”) - Tony Wright dot com]
Aug 31, 2008
Developing Social Networking Applications with Drupal | Mikamai Unconventional Everything
[From: Developing Social Networking Applications with Drupal | Mikamai Unconventional Everything]
Aug 31, 2008
Cannot Change Wallpaper Please Help - iPhone Forums at ModMyiFone.com - iPhone | iPod Touch, news, apps, themes.
ssh into
var/mobile/library
and delete “LockBackground.jpg”
[From: Cannot Change Wallpaper Please Help - iPhone Forums at ModMyiFone.com - iPhone | iPod Touch, news, apps, themes.]
Aug 30, 2008
Telugu Mp3 Songs: July 2008
http://www.cdcovers.cc/view/864/front/taal
[From: Telugu Mp3 Songs: July 2008]