tyang

Great points, thank you.

Sometimes I wonder if "Make something people want" could be even better if it were "Make something you and other people want".

Exactly. $1.7M premoney valuation and a chance to get advice from PG and others who have helped 6 unicorns come about and, per @sama, 22 others who can get there is pretty darn good, IMO.

A third possibility is investors are lemmings and are too stupid to understand the unique insight you have into a big market.

As an investor who thought Instacart, Uber and BufferBox were really stupid ideas and missed a chance to invest in them (Uber through AngelList), I know this possibility is all too real. :)

Good post Brandon.

imjk - Not sure Brandon chose the title. Usually the editors do that.

This is basically what Warren Buffett does w/r/t Berkshire's portfolio cos. Though he invests less in frothy times and more in times of pessimism. But he's bottoms up too.

Great and the back of this hoodie should have the back of the unicorn, with a rainbow coming out of the derriere.

Great headlines for TMZ crowd.

Not for everyone. Look at Yelp and Wikipedia.

That's a good idea. Hope Larry considers it.

None of which are being used to deliver quality news much note concisely at low cost.

Quora and Yelp are for profit.

Cool idea worth testing.

Yeah, crazy right?

Folks already contributing hundreds of hours for free for some time.

I can't imagine someone doing free work and writing, ranking restaurant reviews, editing, citing, writing pieces of encyclopedia entrees or electing Presidents like in 2008.

Grassroots wha?

Exactly.

Cool stuff. Best of luck to you.

Sounds like you haven't read the quick summary on Infobitt just yet.

http://infobitt.com/category/about-infobitt/b/5762

Yes. Also, techmeme.

Google News' strength is ranking, not summarizing facts from different sources so you can avoid reading all the top 5 or 20 articles about a story.

And, philosophically, do you HN folks really want to rely on the MSM to tell you what's important? And likes, shares and troll-ridden comments on news stories?

Or do you want a democratized way to decide, collectively, what news stories and facts are important.

Don't forget the NYT, etc. screwed up on no WMD's in Iraq.

I was at a small group dinner with Judith Miller, ex-NYT, who's nice but she messed up.

Who's checking the mainstream media?

Yes. The design is far from perfect.

This is just a beta version.

For me, it's already a pretty good way to catch up on the main news fast.

I can pick one bitt and learn some key facts and move on.

Fast, easy, good enough.

Much faster than any alternative.

Google News rankings are good and getting better.

Issue is these other news aggregators just link you to articles that may be the best individual source.

And you have to waste time reading an article instead of just getting the key news facts fast.

Some readers of The Information, The Wall Street Journal, Economist, Financial Times, Bloomberg terminal owners, The New York Times.

And you can have conferences like TechCrunch.

Are you at 1000 articles? How's your burn rate?

The beatings will continue until Wikinews makes something people want

Exactly.

Did you even read this?

http://infobitt.com/category/about-infobitt/b/5762

Yes, it's very harmful to divert all the effort everyone's apparently (not) giving to WikiNews to a different project that actually might succeed in dealing with information overload, starting with front page news.

Maybe edit the Wikipedia entry?

Larry came up with the idea for Wikipedia and was the community manager in Wikipedia's vulnerable early days.

Let's help him create a 2nd top ten website instead of being another HN troll criticizing bravely on the Internet.

Maybe the key use case initially is to keep charged things like remote controls, sensors, other Internet of Things.