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royrod

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Hacker, entrepreneur (Going.com, iPhrase), product / marketing guy (AOL, IBM), startup advisor (HackerAngels et al), citizen of the world (grew up in 5 countries)

Blog at http://how2startup.com

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Very good illustration of needing an experienced startup lawyer. It's true. And really interesting story in its own right :)

Agreed, it's a tough problem. I think Boston investors want to support Boston startups, but because of their structure/individual limitations (mentioned in the article) they can't necessarily "take one for the team" if it's investing 20% of their 'dry powder' for the year.

That said I do think startups can play the "fund us locally" card a bit.

I think those are very fair questions. On the one hand I agree a lot of startups can be derivative and may not pass the "how is this making the world better" question. But at the same time, that's a much higher bar than most companies are held to...

As far as Quora and Posterous as examples, I think their excellent UX do advance the world in that they help people share their thoughts and experiences better/more easily than with previous generations of those ideas.

Noah, excellent breakdown as usual. And I totally agree with your take (vs. Wesabe's post-mortem post).

I'm going to send your article to like a dozen people right now, that I preach this stuff to and don't believe me :)

Very interesting. The top 10 are pretty expected, but the rest are more meaty. Great to see @dcurtis at #11 and @yegg at #32.

Wouldn't have expected @garyvee to be big with the HN crowd.

Definitely some people in the bottom half of the top 100 I would have expected to rank higher.

Finding out about them was mostly my cofounder Rebecca, who's a social maven in her own right. But, once you attend a few you start to find out and get invited to a lot more, so it's not hard to sustain.

What we did when we got there was definitely something we tweaked and thought about. Obviously we mostly wanted to be very friendly and just let people know about us if they cared, no pushy sales pitches at all.

We - made cards - had a very 'normal' conversation with people, but asked what they do - that typically resulted in them asking us back, which was a natural segue into mentioning Going (HeyLetsGo at the time). Since we already were at a social event, and HLG was about finding more cool things to do, it was usually relevant to them. - we would them offer them an invite as we were in private beta at the time, often asking them to send us feedback - and we'd hand them a card with an invite code (we later made cards for some Ambassadors)

Not only did this help our early growth, we also found a lot of advocates, people who wanted to pitch in, and smart people with good feedback.

I do, and it's already used all the time (e.g. DailyCandy charges thousands of dollars for a Dedicated Email for a given city's email list). What we did was sort of roll our own campaign, trading the positive association with our unique event as well as a booth, signage etc. there for cash-free marketing for us.

Great lessons on how Lean Startup works in the real world.

- no silver bullet, it's about a million adjustments - human touch matters: calling prospects had a dramatic profitability effect for Constant Contact - and also very true on fundraising, you need to be close with the partnership, not just your one VC board member

This is a slightly tricky one because I do think there is potential for the tax change to negatively impact funding available for startups.

However, the impact should be minimal and I agree with Fred Wilson that carried interest fees are not really that fundamentally different from other types of fees and thus standard income tax levels make sense.