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jforman

1,398 karma · joined February 18, 2010

Director of Product Management at Wayfair. Previously: Faculty MIT Sloan; Founder, Inkling (backed by Sequoia). Erstwhile quantitative biologist.
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jforman··on Why $53M Wasn't Enough to Scale Good Eggs
When it's clear at the top that core strategy needs to change (as in this case), this usually doesn't impact the company in bits and pieces — it all comes at once. That's because making a major change at a large company requires coherent planning, and you don't get coherent planning by only saying "we need to reduce opex across the board, we're running out of money". You get it by making a new top-down plan with entirely new goals and a new P&L.

As a result, 140 people got laid off all at once, rather than in waves. Had it been done in waves there would have been mass confusion, low morale, and an inability to buy into the new plan because there wouldn't have been a new plan yet.

And for the same exact reason plans to roll out to Manhattan, which were surely started many months ago and enshrined in yearly and quarterly goals, were axed abruptly.

It's possible it was a cynical ploy for fundraising, but I really doubt that. It's very hard to pull off momentum games at GoodEgg's size — investment scrutiny is much higher, and decisions are based more on spreadsheets. Not that hype doesn't factor into it, but it's not going to float you if your core economics are busted.

jforman··on The Mary Meeker Internet Trends 2015 Report
15 interesting slides is a few standard deviations higher than what I normally find interesting in a talk
jforman··on How to Build a Unicorn and Walk Away with Nothing
Moving to SoMa won't do it, but if you have a successful exit and a personal relationship with ballsy VCs you have a shot:

http://techcrunch.com/2015/04/02/an-ex-googler-is-launching-...

jforman··on How to Build a Unicorn and Walk Away with Nothing
Sounds like this is roughly based on the Microsoft/Facebook deal. MSFT invested $240M at $15B valuation but won the right to be the ad platform for FB globally for some period of time.

Not the same as forcing the investee into ad spend, but that's what it conjured up in my mind when I read it.

jforman··on Microsoft Announces Azure Stack
You sure about that? They're doing better than Rackspace and Google:

http://cdn.geekwire.com/wp-content/uploads/2015/02/RightScal...

jforman··on Bimodal Salary Distribution for New Law School Graduates
The major law firms all benchmark law school graduate salaries against each other. When one firm deviates it's a huge to-do.
jforman··on Tell Sam Altman: I will take your bet
When I moved from SF to Boston (after co-founding Inkling six years ago), the top two things I was worried about are a) a less pro-startup culture, and b) less available early-stage money.

This really doesn't help either point. We need more early-stage money here and more optimism, not less.

jforman··on Who Owns the Biggest Biotech Discovery of the Century? (2014)
Either way the university owns the IP regardless of who the "inventor" on the patent is, so why is this relevant?
jforman··on Amazon Goes After Dropbox, Google, Microsoft with Unlimited Cloud Drive Storage
It is not a folder. Once I realized this I uninstalled. I don't want to redownload files every time I need to work on them.
jforman··on Who Owns the Biggest Biotech Discovery of the Century? (2014)
"Zhang--who maintains he did the work independently"

So he has a wet lab at home? color me skeptical.

But I suppose you might as well do what you can to get a slice of a multi-billion dollar pie.

jforman··on Notable Labs (YC W15): Personalized Medical Testing for Brain Cancer Patients
- What's your approach on how to eventually apply the process to cells that don't normally grow in suspension?

- How do you guard against harmful drug interactions in vivo, given that most of these drug combinations probably haven't been seen in a person at the same time? Does this fall under compassionate use?

- Are you sequencing tumors and looking for predictive markers for future applications?

Wonderful project and best of luck.

jforman··on Extracting the SuperFish certificate
Anybody can file any kind of lawsuit. If you can't demonstrate harm to the person filing (with a few exceptions) that lawsuit will be tossed right out, though.
jforman··on At some startups, Friday is so casual that it’s not even a workday
This can be addressed by managers making more reasonably attainable goals. Every other industry in the world has an endless list of things to do as well and yet most don't suffer from the same lack of work/life balance.
jforman··on UK to allow babies from three people
All of the DNA replication machinery that operates in mitochondria is encoded in the nucleus, translated in the cytoplasm, and then transported into the mitochondrion:

"The remaining ~1500 mitochondrial proteins are encoded in the nucleus, including all proteins needed for replication and expression of the small mtDNA genome (Falkenberg et al., 2007)"

from http://ac.els-cdn.com/S0092867409012458/1-s2.0-S009286740901...

jforman··on Borderlands Books is Closing
They had prime real estate that a more robust business will pick up. The jobs will be replaced.

Whether this is good social policy is a much more complicated question.

jforman··on Kevin Rose Leaves Google Ventures
Being a VC is a very attractive role to many people if you can make it work. You get to work with top-tier companies in a meaningful way and have the chance to make an incredible amount of money in the process (you participate both in fund upside and separately from additional upside in your portfolio companies), all for a much lower amount of stress than being an actual founder.

It's entirely possible that he wanted his GV role to continue but he did not succeed there. It's also possible that the cover story is true. We will likely never know.

jforman··on How Colonel Sanders Became Father Christmas in Japan
Uh, so false. Malnatis is such a beautiful thing.
jforman··on Help the Gnome Foundation Defend the Gnome Trademark Against Groupon
$500/hr is the price of 1.5 IP lawyers, based on the median hourly rate in Oregon:

https://www.osbar.org/_docs/resources/HourlyRatesSurvey/Inte...

On the other hand, it only affords 1/2 a lawyer if you're talking white shoe partner in SF or NYC.

jforman··on Why Silicon Valley Works
"No matter where you live" ?

The 80th percentile for household income in 2012 was $160,000. This does really crazy things to a relatively static housing supply:

http://www.sfgate.com/bayarea/article/In-growth-of-wealth-ga...

This isn't just about "keeping up with the Joneses." Most families want a) a decent home, and b) a good education for their children. I had to pay an obscene amount for a) in SF, and I was holding my breath while figuring out how to pull off b). My quality of life otherwise was relatively ordinary: I drove a Toyota and didn't go out all that much due to the newborn.

I made a princely sum compared to the average American. Had I lived in average America, I would have lived like a prince (you could literally buy a mansion for the price of my 3BR home in most places in the US). But since I lived in SF, I could only barely afford the basics. This has nothing to do with skewed expectations on quality of life — it's about the skewed economics of the city.

jforman··on Before the Startup
How did he get into a position where he has his choice of founders? He built the empire by offering mentorship, money, and community (which is peer-to-peer mentorship). In the beginning, the draw wasn't money because they didn't offer much of it.
jforman··on Before the Startup
"So starting a startup is intrinsically something you can only really learn by doing it"

This makes absolutely no sense coming from somebody who built an empire giving advice to budding entrepreneurs.

jforman··on Thomas Piketty Responds to Criticism of His Data
An excellent book on this topic is "A Social History of Truth: Civility and Science in Seventeenth-Century England." It examines what "truth" means in a scientific context by going back to its roots as a discipline.

The tl;dr version is that knowledge (even "hard" scientific knowledge) cannot be meaningfully acquired by a single person independent of a community that makes common assumptions, since going to very first principles for even the simplest analysis is totally unwieldy. Take something like simple genetics — we rely on the testimony of a lot of people just to accept the utility of a basic Punnett square.

I much preferred Summer's assessment of Piketty to FT's: he was measured and responsible in his criticism, and correctly noted that it'll take years for serious academics to sift through the merit of the book. Alas, responsible discussion is hard to come by when it comes to data that challenges peoples' closely-held values.

jforman··on Thousands of Toddlers Are Medicated for A.D.H.D., Report Finds
My one year old moves constantly and injures herself unless we hover non-stop. I hear I was the same as an infant/toddler, and I'm sure I could get an ADHD diagnosis now as an adult. I would never consider medicating her even if this kept up for years, though — despite my hyperactivity I'm happy and operate just fine in society. When I got bored in chemistry and math classes as a kid and had trouble paying attention, they put me in advanced classes (or even let me do experiments in the back of the classroom during lecture), where I continued to learn effectively.

Sometimes when a human being and society are misaligned, the society should adapt rather than the human being.

jforman··on Glenn Greenwald: The NSA tampers with US-made routers
Switches have reasonably sophisticated hardware to prevent packet collisions which would probably be hard to do away with.
jforman··on I Didn’t Want To Lean Out
That's the one thing you decide to make a comment about?
jforman··on America Online to Buy Internet Chat Service for $287 Million (1998)
http://www.icq.com/people/159272/en

Thought about selling it on ebay, since six-digit accounts used to fetch a non-trivial amount of money. But decided it wasn't worth the $100.

jforman··on Widespread sex differences in gene expression in the human brain (2013)
What "understanding"? This paper provides no evidence whatsoever that sex-biased gene expression is due to nature rather than nurture. They collected data from adults only (well, 2 people were under 20 out of 137 subjects).

You aren't sporting much evidence to justify a righteous rant against your "angry emotional mob mentality."

jforman··on Thoughts on Bitcoin
Y'all are getting hung up on insisting that Bitcoin is a currency, which nobody is arguing. There are important differences in the use cases that make a currency valuable to society, though. And Bitcoin is a far cry from demonstrating its value beyond the anonymous use case (or speculator use case). It is not stable or trustworthy yet, and will not be used as a reserve currency until making huge gains in both areas.
jforman··on Thoughts on Bitcoin
There's a large difference between a currency being used for anonymity and a currency being used for stability and trust (hence the use of "reserve" vs. "anonymous" in my post — I omitted "reserve" in the first sentence).
jforman··on Thoughts on Bitcoin
Because the value illegal actors find in Bitcoin isn't in its role as a currency, but rather in its role as an anonymous method to globally transfer wealth.

Even if millions of people use Bitcoin for that use case, it doesn't mean Bitcoin will ever have staying power for the "reserve currency" use case.

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