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dawernik's comments

dawernik | 13 years ago | on: Venture Capitalists Prepare For The Impact Of Crowdfunding

There should be other ways to leverage connections/network other than having to dilute ownership. That may be the most imbalanced transaction around.

I also reject that things like electronic trading for the masses are bad because the general public has bad investors. That's like saying online fraud should determine my access to ecommerce.

In many ways, platforms will help validate concepts through user participation... And the community can validate credibility. I don't just think this is a dumb money thing, I think investors will have advantages they've also never had. The bottom line is both sides of the market will get a clear benefit.

dawernik | 13 years ago | on: Venture Capitalists Prepare For The Impact Of Crowdfunding

This article isn't really getting top tier investor opinions, but my assumption is that they are taking crowdfunding quite seriously. To not consider it disruptive to more formal capital would be incredibly out of character with smart money - considering they look for these very opportunities to invest. My guess is that the smart angels/VCs will try to leverage the smart platforms or create them themselves.

10 years from now, few people will seek 'traditional' financing suppliers as capital is about to get real efficient real quick. Bottom line is, this will be excellent for businesses of all shapes and sizes.

dawernik | 13 years ago | on: How Phil Libin, CEO of Evernote, Works

Come on. Not about suppressing your hobby, it's about not being identified solely with it.

That's the stuff you pull out after you get married. Then it eventually ends up in a small closet about 5 years later. Ultimately, it ends up being what you have around you as you get old again. Life's funny that way.

dawernik | 13 years ago | on: How 20 popular websites looked when they launched

It would be equally fascinating to look at all the incredibly well designed launches that failed miserably. This is a great reminder that if you solve a big problem or have unique content, people will crawl through sewage to get to it, but if you build an amazing empty container, it will die a slow death.

dawernik | 13 years ago | on: The Product is the Byproduct

Love the slides, they don't even need a soundtrack. Was going to leave a FU comment, but it was too obvious.

I'm in a BigCo and every time we acquire a LittleCo I get massive culture envy. I think you nailed how great product happens.

dawernik | 13 years ago | on: Your Body's Best Time for Everything

Should you be continually trying to beat your personal best or raising your trough performance level. What's a better approach in the long game of life?

dawernik | 13 years ago | on: Telling people to leave finance

I worked in finance and left when I realized that the people who were successful in finance were typically salespeople. Not necessarily by title, but more by action. It's bizarre how little the industry actually manages itself through data. We all know that a good index fund is going to beat the average hedge fund, but there is something so sexy about investing in a hedge fund. We all know that making 25% annually isn't realistic, but oh to make 25% annually and be able to tell your friends. It's all sales.

When I was 25 I swore it off. I was too young to sell versus build. But the cash was good.

dawernik | 13 years ago | on: Facebook Gifts

Amazon without all the fulfillment overhead and all the event driven and social context. First pass was virtual gifts right? This is physical. Interesting, but needs some major fortitude.

dawernik | 13 years ago | on: Show HN: We got tired of getting gifts we don't like/need, so we made this

Seems like the key to doing that well will be to remove all friction on capturing an image (or linking to a comprehensive product database) then making shipping a breeze. I have to say inertia is a bitch, and keeping these things on your shelf is an attractive alternative/competitor to getting rid of them.

dawernik | 13 years ago | on: Show HN: We got tired of getting gifts we don't like/need, so we made this

Amazon does this at scale. By the title <and site name>, I thought you were going to enable a quick post, sell, or donate of unwanted gifts. That would be cool. I typically hold on to unwanted gifts for months and then simply donate or dispose. I bet there are $Bs of unwanted gifts sitting in houses in the US right now.

dawernik | 13 years ago | on: Driverless Cars Get Green Light in California

Challenges it will face: - insurance regulation, moral dilemmas (decision to make when confronted with living hazards), drinking and riding, more time for advertising, and a rash of start-ups pitches that mash up concepts like Uber & Kozmo because they can.

Still seems worth it.

dawernik | 13 years ago | on: Facebook’s Mobile Platform Monetization Equation

I don't see the connection to Wall Street <and Wall Street definitely won't see it>. This isn't about monetization, but is more about breadth of context. Really, is there a single change in how they monetize in this SDK release - looks to me like it still depends on the same old mobile ads, albeit with more and more attributes to target off of.

And the title is just annoying.

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