Were there any choices in the first few years that you think made a particularly big difference in setting Amazon up for what it is today? Anything you're particularly proud of that you did there?
32 karma · joined February 17, 2016
Were there any choices in the first few years that you think made a particularly big difference in setting Amazon up for what it is today? Anything you're particularly proud of that you did there?
1: https://shorttermrentalz.com/news/sonder-series-e-round-june...
They get a partial advance on the ISAs from other investors, but the bulk of their revenue is collected when students pay.
Approach 2 makes sense for some. If you're just setting up a company to be in this incubator, then I 100% agree with you. But if you're working on something, and you think it'll have a better chance at succeeding if you're in the US, then it might very well make sense for you to get that kind of a visa. Many people (not involved with this incubator) do : )
- You could enter on an ESTA, which gives you 90 days. If you leave the US (Can+Mex doesn't count) and come back, the counter re-sets. Note that you're not allowed to work on ESTA, which means that drawing a salary is a no no. But if you desperately wanted to, you could probably figure out how to get paid in your home country or whatever would work for you.
- E-2 visa. A lot of EU countries have a treaty with US which says that: if a company is A) majority (>50%) owned by people/groups from your home country and B) someone from the country (doesn't have to be you) has invested ~$50K-250K (equity, not debt) in the company, then the company can apply for an E-2 visa for their key employees. It takes 1-3 months to process from what I hear, and the investment is substantial, but it's at least one more route that is available.
If anyone has more info on the two above, please feel free to correct me - I feel like I learn new things about the E-2 every time I speak to a new lawyer.
0: https://www.axios.com/wework-ceo-valuation-based-on-energy-a...
This is their site: http://kestepizzeria.com/en/home/
Not to be confused with the Slice site, which is linked on Google Maps (https://www.kestepizzavinonewyork.com/)
0: https://www.linkedin.com/pulse/i-cant-wait-you-see-what-we-d...
Agree that more data helps. For a headline I'd rather see revenue than margin or profit, as those are more subjective (or net revenue, if you're selling goods).
Unscalable business? Obviously a subjective take but, to me, that means anything where you're charging by the hour (e.g. consulting).
TLDR: businesses that scale vs those that dont : )
But would you say that they're _not_ investing in the product? They're improving on search, their API, adding new integrations with Github, etc. Those might not be the things that matter the most to you or other HN users, but they are investments in the product.
Seeing as I can't find the video I imagine this story might've been embellished over the years, so if anyone was here for that I'd love to be corrected.
Working on something in similar space, so I'm curious to see what you've built!
Also, do you end up extracting conversations into docs, or something that's easier to share with your team?
Do you often use old conversations that your teammates have had to solve problems? Do you search Slack to find it? I've never been in a large Slack team and I'm curious how many people actually do that.
Apologies in advance for unsolicited feedback, but I think you could benefit a lot on the revenue side if you played around with pricing. I've done a lot of scraping stuff in the financial services world, and this would definitely be worth more than $199 per month for them if it can help them get an information edge.
Patio11 writes some great stuff about pricing here https://www.kalzumeus.com/2012/08/13/doubling-saas-revenue/