HN user

sumit_psp

58 karma

Founder of Ubiq(YC S16). Email me at pasupalaks@gmail.com

Posts4
Comments32
View on HN

Even in the minimal example there are way more variables than it first seems.

1. How many shirts do we order? 2. When is it worth moving on to the next trend? 3. How should we handle shipping? Do we market globally or locally?

Even the smallest business require a lot of balancing of priorities and planning for the long run with uncertain returns

YouTubeSkip 13 years ago

I see people are asking why build a website. Maybe they want to build a userbase and expand to other skips too(such as hulu skip).

This is great. I can see them going for a revision control system next and build the complete eco system.

Definitely a linkbait headline.

Decide if somebody else is doing it, and if you think they’re doing it well, go help them do it

Only if no one else has started to build that thing should someone head down the startup path

I think these are fair points. My only question to Moskovitz why did he start Facebook/Asana when similar products did existed? He could have helped Myspace instead.

[dead] 13 years ago

Maybe you're right. Now I'm curious as to how he bought his shares back from his ex-partners.

"Dumb mistakes that cost me close to $5 million dollars when it came time to buying out ex-partners."

If it's just affiliate revenue there is no way, the company had $5 million dollars in cash. He couldn't have sold shares since he said he has "total 100% ownership" of the company. He also mentions he never got a loan or an investment. Maybe it's just a missed business opportunity.

[dead] 13 years ago

If you pay the employees $80k/yr on average(which is pretty high especially considering its based in Malaysia), wages amount to $8 million. Assuming the costs of running the business is $2 million, the founder still pockets a cool $5 million.

Lots of assumptions, but just trying to show there is enough space for founder to earn 7 digits. But even if it's not, I am sure he's more than happy doing what he wants to do.

Kickstarter is still a relatively new company and as the company matures, I am sure they will come up with better ways of dealing with these things.

If you want to build just workers who get your job done, I am sure Home office might produce better results. But if you want creativity in the office, come up with new features/products and be more than just a normal worker who gets his job done, home might not be the ideal place.