carlosrt

So presumably, companies that are on a ~$3M revenue run rate are a safer bet. Assuming a multiple of 15.

500 offers $50k at $1M or $100k at $2M (~5% regardless of check size).

Source: http://readwrite.com/2011/02/10/dave-mcclures-500-startups-a...

I added Kima15 to this investor database: https://docs.google.com/spreadsheet/ccc?key=0AszA0J0G-ptCdG1...

Companies, like Safeway, that self insure pay $3,000 to $5,000 per procedure. For example:

Colonoscopy: $897 Breast excision of lesion procedure: $2,569 Gall bladder procedure: $4,212 Cardiac Catheterization (no angioplasty or stints): $4,900 Knee Arthroscopy: $3,039

I wrote about it here:

http://www.quora.com/Medicine-and-Healthcare/What-are-some-o...

The CEO of SafeWay, started a company that sells this data. Unfortunately its typically only sold to companies that self insure and have ~10,000 employees. You can watch him talk about the data and the company here:

http://coe.berkeley.edu/static/streaming/gtl-conference/2009...

500 Startups offers $100,000 at a $2M valuation (i.e. 5%). Cheaper than $150,000 at $1M (i.e. 15%).

Yeah I saw that too. $80,000 to redo two bathrooms, on Central Park South? I'd love to find out what $40,000 buys in a bathroom. I'm feeling a little cheap now. When I redid my 1950's bathroom, my cabinets, fixtures, tile, etc was only ~$500, from Home Depot.

When it includes Palm Springs I'll apply.

Define "some web design background" and "A+ certification in Silicon Valley"? What could you build prior to getting the job?

When Twitter had ~$140M in revenue their price was ~50x revenue.

Source: http://www.quora.com/What-are-revenue-multiples-for-technolo...

I did some customer development on a similar idea. I talked with a local philanthropist and he liked the idea of donating after a milestone was reached. For example, when a student completes a Khan Academy math lesson money is donated to a students future education.

In other words a funder would donate $5,000 to a student when they can test out of all Khan Academy math lessons.

In 2003, a friend of mine started a Spanish Real Estate magazine, in Southern California. Was paying himself ~25,000 per month. He hired Americans to design, distribute, and print his magazines.

Not bad for an uneducated, undocumented worker, who at 10 years old was homeless, and selling oranges at the rodeo in Mexico City.

Immigrants start businesses, and create jobs.

Immigrants are more likely to become a millionaire in the USA than 2nd or 3rd......generation Americans.

https://www.nytimes.com/books/first/s/stanley-millionaire.ht...

< "I think there is a large opportunity to impress the market by shaving off the amount of time to find quality devs and firms". >

Elance could make it easier to find top providers if search results could be sorted by skills test results.

For whatever reason they choose not enable that feature.

Solve this problem by starting a company. Build a portable vertical garden of 100+ plants (herbs, vege's and fruits)

Install an Arduino, and a couple sensors, have this garden tweet when it's not getting enough water.

Start a gardening company in your town, managing these gardens for families.

Congratulations, you just hacked how to start an organic farm. And you didn't have to buy any land, and you're guaranteed revenue for your service (you're not selling a product).

You're now a "farmer" that earns ~$100 per hour per month on each family (e.g. $50/month at 15 minutes every 2 weeks). Now scale.

"There were MANY warnings".

This graph, showing the 25 year decline in mortgage rates has been the biggest clue. We've been priming the economic pump for 25 years, masking systemic flaws.

Biggest warning: http://mortgage-x.com/images/graph/fhfb_contract_rate.gif

"95 percent of all Model S parts are made in-house". Designed in Southern California, and built in Northern California.

Source: http://www.automobilemag.com/features/awards/1301_2013_autom...

Naval probably hatched this plan when VC's screwed him in Epinions. Brilliant payback.

In the USA one still can't crowdfund (from non-accredited investors) yet, but in a couple of months one will be able to share with the general public that they're fundraising.

These raises are possible because of Rule 504, 505, & 506 of the SEC.

Seed offerings: http://www.sec.gov/answers/rule504.htm Series A: http://www.sec.gov/answers/rule505.htm Series B & later: http://www.sec.gov/answers/rule505.htm