My daily readings 01/04/2011
Google Will Become an AI Company « MattMaroon.com
When Smart People are Bad Employees – Bruce Upbin – Tradigital – Forbes
Paul Buchheit: Angel investing, my first three years
I’ve definitely learned a lot, but the recent Heroku acquisition (for a reported $212 million
) made me wonder if I’ve also reached the point of “not losing too much money”, so I did the math. From 2006 (when I started investing) through 2008, I invested about $1.21 million in 32 different companies. About half of those companies were either acquired or are dead/mostly-dead. The other half are still alive and seem to be doing well. The current acquisitions total about $1.34 million, only about a 10% gain, which isn’t great, but at least I’m not losing too much. Fortunately, the “still alive” category includes a number of very promising investments, such as Meraki
, and Wufoo
, so I expect the final return will be much better than 10% (which is all gravy anyway, since my primary goal was to learn more and be helpful).
The two bits of advice that I always give to people looking to get started with angel investing are: 1) Assume you’ll lose your money and 2) Plan on investing in a large number of companies. (my third bit of advice is to attend YC demo day) I think my experience so far validates this advice. It’s important that investors have the right motivations (helping out startups and learning how to be a better investor) and the right expectations. Anyone doing it with the idea that they can simply find the next Google, invest a bunch of money, and then get super-rich is going to be very disappointed. That said, finding the next Google and buying a 1% stake is my current billion dollar plan 🙂
2010, we hardly knew ye : blog
Welcome back to work, everyone. With the start of a new year, it’s time to take a look back at the year that was. Let’s compare some of reddit’s numbers between the first month of 2010 and the last:
|| Jan 2010
|| Dec 2010
|average time per visit
|number of servers
Nerd talk: Akamai hits aren’t included in the bandwidth totals.
The No. 1 Habit of Highly Creative People | zen habits
Posted from Diigo. The rest of my favorite links are here.