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npt4279

1,018 karma · joined February 24, 2011

Founder and CEO at Wefunder

https://wefunder.com/

http://tommarello.com/

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npt4279··on U.S. sees first coronavirus case of unknown origin in Bay Area
Patient has been in a hospital since Feb 12, two weeks ago. Slightly reduces the odds this is the leading edge of a large infected population.
npt4279··on The Great Pyramid of Giza is the only known eight-sided pyramid
This has a hypothesis as to why: http://awesci.com/the-great-pyramid-is-not-your-average-squa...
npt4279··on Hacker Surfing: Free Housing for Engineers and Designers Visiting SF
Sure - apply, and just say that in the application
npt4279··on A seed-stage accelerator for women in STEM
Awesome. Jiwon is organizing it - you can email her at jiwon@wefunder.com. Thank you!
npt4279··on A seed-stage accelerator for women in STEM
Founder of Wefunder here.

50% of Wefunder's team of 22 are women. So we're passionate about helping more female founders, particularly inspiring very early-stage ones that this path is possible.

We're open to any ideas on how we can make this better!

npt4279··on The SEC Will Leave Good ICOs Alone
Reg CF would be far cheaper, faster, and easier
npt4279··on The SEC Will Leave Good ICOs Alone
The Howey Test was created by the Supreme Court, not the SEC. Harder to scrap.
npt4279··on Raising Money Online – Advice for Startups
Yeah, that's just silly.

We've already had a company that raised $1 million from Title III that then raised $5 million from professional investors.

npt4279··on Raising Money Online – Advice for Startups
Smaller investors run the risk of being repurchased for fair market value at the time of the re-purchase.

The Fix Congress Act being debated in Congress may solve this problem.

npt4279··on Raising Money Online – Advice for Startups
For the companies we have raised $1 million for, 60% to 70% come from their own users or customers. The rest from the Wefunder community.

Generally, it's a pretty good investment signal when you personally love using a product. So lots of customers invest for most high-quality companies.

npt4279··on Raising Money Online – Advice for Startups
Generally, within a couple of days.
npt4279··on Raising Money Online – Advice for Startups
We created a special SAFE that won't convert until IPO or acquisition.
npt4279··on Raising Money Online – Advice for Startups
Typically, the investors are the startups own customers. For our most successful $1m raises, we estimate over 70% of the funds are their own community.

This makes sense. One good signal of whether you should invest is whether you love the product.

npt4279··on Raising Money Online – Advice for Startups
I'm a founder at Wefunder, and I'm happy to answer any questions about Regulation Crowdfunding.

We recently closed $1m each for three different companies. Here are our stats: https://wefunder.com/stats

npt4279··on HackerSurfing II: Free Trip to Italy for Job-Seeking Engineers and Designers
I created this. I'm happy to answer any questions about it!
npt4279··on The British are Googling what the E.U. is, hours after voting to leave it
A Republic works nicely. Many issues are too detailed and complex for referendums. That's why we elect people whose only job is to study those details. Otherwise, we make policy decisions based on who has the best propaganda that incites fear or hatred.
npt4279··on A Plan for a Long-Term Stock Exchange
Agreed. That's exactly our plan at Wefunder. We're using Regulation Crowdfunding and Regulation A+ to create a new secondary market for riskier ventures.

With a few minor Congressional fixes to current laws (including one being voted on soon), we expect this to be workable in 2017.

https://wefunder.com/wefunder

npt4279··on Study: CEO effect on firm performance could be mostly due to chance
I don't recall being a user of any .com companies that failed. But I might have been and forgot.

I certainly used Paypal and Amazon though.

Being a user of the product is a useful tool for separating hype from reality.

npt4279··on Study: CEO effect on firm performance could be mostly due to chance
That would be a cool idea. But I'm not sure the numbers of founder-CEO companies are large enough to make any conclusive determination. If you are limiting it to tech, I'd think the outliers of Apple, Amazon, and Google would destroy the competition.
npt4279··on Study: CEO effect on firm performance could be mostly due to chance
Ha! This is the opposite of my hypothesis that I blogged about a few days ago: Founder-CEO's outperform non-founder CEO's.

https://medium.com/nick-tommarello/my-strategy-for-investing...

npt4279··on Your name is fine
I'd argue nearly any .com reduces friction, adds more credibility, and therefore increases the likelihood of answering those questions.

"Why would people come back?" is usually correlated with recruiting awesome co-founders, talented employees, great mentors, influencers to talk it up, and top tier investors. Then, the company has the time and resources to discover the best answer to that question.

Maybe once in a decade there's something like Facebook, which just explodes out of the gate instantly (and just buys the better .com later). But I wouldn't want to bet my company on that... especially when I can just spend an hour and brainstorm a .com to address the problem. Anything less is a failure of creativity.

npt4279··on Your name is fine
That's fair. But the question here is: "Do even 10% feel a different way? Followed by: "Is the tradeoff worth it?"

For instance, the author's own web site is standupti.me. It's actually something I might consider trying out. But it comes across as someone's side project by a solo developer, not a company. As a potential customer, I might still get around to trying it out at some point in time, but I do have a slight negative connotation in that it might just disappear tomorrow. It would be 1000x worse for a larger enterprise customer.

npt4279··on Your name is fine
The author did not address pg's point that lacking a .com has the potential to signal weakness... such as among potential investors, potential employees, press, and other influencers (like pg himself).

(Yes, there are always exceptions - like angel.co - and hacks like getdropbox.com also work).

But perhaps the tradeoff of retaining your "perfect" .io domain is not worth the extra friction of convincing influencers that you are credible company, when an hour creative brainstorming session for a .com might solve the problem?

Sure, if you have a hockey stick growth chart growing revenue 100% month over month, it doesn't matter, but it's rare that most startups have that right out of the gate. So why add to your burden?

npt4279··on Uncovering a Triceratops: Experiment searches for dinosaurs in Wyoming
This was one of the best vacations I have ever taken! I mean, who knew anyone can just go dig up a dinosaur without any training? :)
npt4279··on HackerSurfing: Free Housing and Food for Engineers Visiting SF
We actually do that too, once a year: http://startupworkaway.herokuapp.com/
npt4279··on HackerSurfing: Free Housing and Food for Engineers Visiting SF
Thanks!
npt4279··on HackerSurfing: Free Housing and Food for Engineers Visiting SF
Thankfully, I can guarantee that no one who visits will be subjected to high-pressure sales tactics. Because that would be just lame on both sides - founders want to hire people who are excited to work for their startup.
npt4279··on HackerSurfing: Free Housing and Food for Engineers Visiting SF
Thanks! I actually think someone should make a business out of this - that would be a cool recruiter! But we're just doing it as a free service to the startups we've funded over at Wefunder.
npt4279··on HackerSurfing: Free Housing and Food for Engineers Visiting SF
That dude lost a bet. My secret plan is to one day make that photo famous.
npt4279··on HackerSurfing: Free Housing and Food for Engineers Visiting SF
Sure, college students are cool too.
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