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If you had insurance it wouldn’t have been so high.

If you don’t have insurance, you literally are the problem.

Really creative app. Wonder how they match you up in terms level?

"But, worse, aside from being non-useful, such stereotyping by (some) thinkers is the very thing they criticize in despise in others, so it's an error in thinking, too!"

Wrong, it has to start somewhere. The idea that stereotyping will just fix itself probably won't happen. Now, yes, the idea of "white privilege" is targeting one group, but it is the majority in this country (for now, 30 years it may change) and it is the group that has been the root of racism/bigotry in this country. But if it makes you feel better, you can say "majority privilege" instead.

What an awful opinion piece! The fact it is on Time.com is part of the "white privilege". lolz.

The reason why they say "check your privilege" because we should foster the notion that non-white people have a different American experience than white people.

If a minority got into Stanford, there is a thought that probably goes into everyone's mind, that they had an advantage because they were a minority. White people don't have that same stigma.

It's a mind set. It's understanding that there are our society has a problem, and that it needs to get checked at the door.

You have to consider the fact they probably didn't give out all of the optional pool. Depending on how many employees they hired and at what skill level. My hunch is they only gave out 8% of the optional pool. At most.

Compare this to Facebook: 3/20

Entirely different loyalty, maybe even belief in the long term. I would say that the difference between the two companies is that Facebook hired young, while Google hired older, highly educated employees.

(In the list below, I wouldn't even count Steve Chen, he was from Paypal and spent no time at Facebook).

http://www.businessinsider.com/facebooks-first-20-employees-...

I think the

hey durga, I like the simplicity but for me it isn't useful. There are many other apps that do a similar thing.

I want an app with workouts I can share with friends, so we can try to do the same workouts remotely.

A friend of mine wanted to start strength training for rock climbing. First finding an app that creates a progressive workout is non-existant. (and if it did exist, it probably sucks) Second, there isn't an app that you can share scheduled workouts with another user and keep each other accountable.

This happened to Oodle a few years back. It isn't like CL is targeting Padmapper.

This may be blasphemy at HN, but I see so many similarities between digg and reddit. From the power of their service to the complete adoration to their founders.

Doesn't this fawning over Ohanian remind you of Kevin Rose?

I bet you those same non-techy types would by MySpace phones.

Agree with everything BUT if you screen "does anybody want ice cream" down Venice beach in the middle of the summer, I'm sure you'll get some customers. lol

But in all seriousness, great post.

Ironic part is that Miso I'm sure is loving the traffic this is generating.

I don't get the value add here and why its fundable. I'm sure its useful, but will it become ubiquitous? I doubt it. So it seems like the VC's are trying to have another Instagram hit.

But that's a VC's job. To take risks and hope for the next big thing. I don't see it here. Maybe this team, but not this idea.

Is Techcrunch pissed they didn't break this story?

"first annual" lol. Love when people don't make grammatical sense.

We are definitely going to add a button to take the tour again. But for now, you can just go here:

saveup.com/?tour=1

Your reward can possibly be $2million or any of the prizes on our site.

We will never accept financial products that are not in the best interest of our users. Nor will we ever sell your information.

We are just trying create an entirely new rewards program that is free and self sustaining. Our inspiration comes from Prize-linked savings. Check out this article about PLS.

http://www.freakonomics.com/2010/11/18/freakonomics-radio-co...

Co-founder at SaveUp here. SaveUp is absolutely free. Think of it as a rewards program that is scalable to any financial instrument. You can earn SaveUp credits with an type of account ( ING Savings Account, Chase Credit Card, etc).

Basic concept is we reward you for good financial actions. We have sponsors and will get more sponsors to offset the prizes, as well as financial referrals.

What is the defensibility for this idea? Shouldn't be that in users?

Are they just hoping for a Zynga acquisition?

Clearly you still don't understand. They didn't sell 4% of their stake. If they did that, it would be somewhat reasonable. What they got was a dividend. In other words a bonus.

And yes the figure is still "large" because it is 1/6th of their funding that goes to their pockets, rather than the company.

It is a huge percentage of their funding, around 1/6th. If a company where to raise 6m and the founders got 1m not by equity, but by dividends! That just doesn't happen.

If the founder's want to sell some of their equity, I'm fine with that, but that is NOT what happened here. This is purely a pay-day.

If I knew my company was going to be the next eBay for realestate, why would you hamper your company by taking 21m off the table. This signals greed and/or being unsure of your future success.

This is not the definition of a Ponzi Scheme, you should probably look it up on wikipedia.

But I do agree with the article, dividend's like this are not the spirit of building a good company. Just founders who want a huge pay-day. I would have understood 1m-4m, but not 21m, thats a huge percentage of their investment.

Awesome. Love this app. The most used app when I'm on the toilet.

An interview about interviews. Awesome!

Awesome! A great refresher. {nostalgic of the simpleness of life back in highschool...study and learn}

I just realized, I only gave you descriptions for your options, although I did give my suggestion (work at small startup).

If you have a great idea and feel comfortable with the entire web stack, apply to YC or other comparable programs. If that doesn't work out, then work at a small startup. If you can't get that, maybe you go to grad school. Thats probably my best advice.

There is no set path for these things, but if there was an ideal path it would probably be working as an early employee < 15-20 at a startup. While at the Startup you get real-life experience working at a company, you meet new people and mature. Maybe you stay 1,2, or 3 years, then you go off and do something on your own. Meeting/Networking is crucial because your co-founders have to be good matches.

Grad school would be great if there is a purpose. ITP would be good if you want to be a founder that leans product/design. Stanford/MIT would be good if you want to lean more in technical.

Y-combinator is the startup-MBA. It is an amazing program that I would recommend to any entrepreneur at any stage (college undergrad, grad, 1-10 year, or older). My issue with someone from college jumping right into YC is lack of life experience and technical experience. There are exceptions to that rule, and PG does a great job in picking those young entrepreneurs that can handle it. So if you feel you have what it takes, apply.

hmmmmm....C#

HN needs a vote down button

Google failed at "Shopping", failed at "Video" (read youtube acquisition), failed at "Buzz", failed at "Wave" and I'm sure there are others that I'm leaving off. What google does is Ad's and search, that's their bread and butter.

It's very hard for big companies to venture off and do something out of their comfort zone. Facebook failed at "Marketplace". And you'd think that Facebook would be poised to take over that space, but still struggled.

Google is more poised to bite off of Linkedin's social graph, rather than Facebook's. IMO Though, with the right hire's Google can do it.

Vim is awesome. NERDTree is a must for any developer.