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actionbrandon

38 karma · joined May 16, 2011

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actionbrandon··on Ask HN: Does Your Startup Improve Lives?
Sorry, but you just spewed a bunch of crap about market making and algorithmic trading that has no basis in fact. reading and blindly believing zerohedge is just as bad as watching cramer and calling yourself a trader. I will address one comment, instead of wasting space on many. You claim that 25-75% of volume is made up by algo traders. I agree, and its probably closer to the 75%. However, this is meaningless. Since the beginning of trading more than 50% of volume is made up of speculators/market makers. It's always been that way, except now that its computers doing it people spaz out.

The only difference is now the spread on stocks is a penny or less instead of 25-50 cents or more. Damn computers arm race!

actionbrandon··on Struggling Startup in need of advice
I think you are undervaluing the rich partner's contribution. I'd rather be "#2" in a well funded startup than the "CEO" of one with no cash.

If the idea is sweet and you are able to lead the team to success, you will become loaded. His coding/input is irrelevant--he has the cash to get you there. Plus, when it starts rocking if you are the leader he can never let you leave.

If he isn't comfortable with you leading and there’s fight about it, then like the previous poster said, it just accelerates the inevitable.

actionbrandon··on Ask HN: How do you evaluate non-technical co-founders?
haha, your geekiness is showing
actionbrandon··on Should I get a technical or a business co-founder?
find a rich dude/dudette ;o)
actionbrandon··on Ask HN: Do You Think We're In A Bubble?
No, this time is completely different.
actionbrandon··on Ask HN: How do I short a stock?
1 put = 100 shares
actionbrandon··on Ask HN: How do I short a stock?
use options. you can't lose more than your premium and can express whatever market view you have--plus don't have to worry about borrowing (and paying to borrow) shares.

you have to wait about a week after the IPO until the options start trading.

actionbrandon··on Ask HN: Why did AirBnB raise $100million?
My comment exactly. It would be insane to not take advantage of the valuations in the market right now. I would have a hard time sleeping if I was a founder right now. One big round, and then a race to an IPO before the party is over.
actionbrandon··on Ask HN: Graduation Present for Aspiring Math Major?
"Coolest" math book on my shelf (I'm a Math/CS Major) is "Street-Fighting Mathematics" by Sanjoy Mahajan. It's about "the art of educated guessing and opportunistic problem solving". The author used to teach these topics as a class at MIT.
actionbrandon··on Ask HN: Would you pay to see the resumes of successful candidates in your field?
actionbrandon@gmail.com
actionbrandon··on What the Highest-Paid Programmers Earn
Math/stats + ultra lean code + plus understanding market micostructure. From the CS side some of the more cutting edge stuff I've heard of being worked on involves hacking graphics cards to get a speed edge and building data centers in the middle of the ocean for the same reason.

http://www.nvidia.com/object/computational_finance.html

http://io9.com/5784758/the-speed-of-light-could-turn-the-mid...

actionbrandon··on What the Highest-Paid Programmers Earn
quantitative traders is one.
actionbrandon··on Ask HN: Would you pay to see the resumes of successful candidates in your field?
I could see this being successful in finance. While I personally don't want to work for a big bank, I bet those that do would pay to see successful resumes--especially from "non-target" schools. However, I also think it would be unwise for the successful candidates to share their resumes so that might be something to consider.
actionbrandon··on Ask HN: Would you buy LinkedIn shares?
I read that cramer said that linkedin was very overvalued. With that in mind, I would probably buy the shares.
actionbrandon··on Ask HN: How do I find an angel investor for my startup?
I agree with Veyron. It's also a stumbling block in the sales process (my day job). Often the decision makers aren't really technical and are very afraid of bugs and crashes and changing anything. It's not impossible to get around the objection, but you should expect it.
actionbrandon··on Ask HN: which mattress for best sleep?
W hotel beds are sweet. When I found out you can buy them I was really excited, but then decided to pass on a $1000(ish) mattress...its a recession. My girlfriend told me ruelala was selling them yesterday for 7-800. I would seriously consider investigating these beds if you are in the market.
actionbrandon··on Ask HN what's the deal with linked in ipo?
53.2 EBITA so at $100 its like 175x. Sweet action!
actionbrandon··on Ask HN: Why is nobody making a bank for Virtual Currencies?
I agree. Theres also barriers with banks/exchanges getting in the way and lobbying a startup out of existence.
actionbrandon··on Ask HN: How would you market this information business?
I'd cut the DVD into a bunch of youtube videos and give it away. Make the website really flashy and pump traffic like the previous posters suggestion: how to make healthy pizza. Use the traffic to sell the book and build a name for herself and her seminars. I'd bet some of her older clients could stumble onto a youtube video, say "thats cool" and still buy the dvd.
actionbrandon··on Ask HN: Advice on hiring a commission-only salesperson.
It might be easier to have a quota or a teir system. For example 3 sales/wk = $300, 6=$700, 12 = $1500 and so on. Most good sales people will quickly look in the middle and say, thats easy to hit--and then look at the top bumps and get excited. A good commission structure should allow you to hire many sales people at the same time (since you don't have to pay them if they don't do anything). However, if you don't have a good handle on what your costs are or how much profit each sale is worth you will bleed to death.
actionbrandon··on Ask HN: Specifically, how did you get your first 100 (B2B) paid customers?
and never tell the screeners anything its a massive waste of time (better to just make another call) and closes more doors than it opens.

If you're chasing big accounts, you're going to have to talk to the exec asst--thats different.

actionbrandon··on Ask HN: Specifically, how did you get your first 100 (B2B) paid customers?
Cold calling. It's boring. Some people are jerks. Try and get the person you are talking to remember when they were doing shit work getting their agency started.

Go to the library and ask the librarian to show you how to use reference usa (or email me: actionbrandon@gmail.com). You can search a massive database (for free) and get your hands on leads by city/zip/state and type of business, contact level, business size, and so on. Google "SIC codes" and find the code for the type of industry you want to target and filter reference that way. I think ad agencies are 7311, but I may be wrong.

Good luck

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