A blunt take on why most AI startups are just simple apps wrapped around GPTāslick on the surface, hollow underneath.
Not every app should be āAI-powered.ā Some should just be useful.

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A blunt take on why most AI startups are just simple apps wrapped around GPTāslick on the surface, hollow underneath.
Not every app should be āAI-powered.ā Some should just be useful.

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Tokens Donāt Create Value. Products Do. A token is not a product. Itās an amplifier. If thereās no real utility underneath, a token only amplifies speculation ā not value. Many projects start with: ⢠token launches ⢠incentives ⢠airdrops ⢠hype 1/4
But forget the most important question: What problem exists even without the token? If removing the token kills the product, then the product was never real. Strong systems work like this: ⢠product solves a real problem ⢠users adopt it naturally 2/4
⢠token aligns incentives after adoption Weak systems do the opposite: ⢠token first ⢠users later ⢠utility ācoming soonā Markets may reward hype in the short term, but long-term value always follows usefulness. Tokens should reward contribution ā not replace it. 3/4
Build something people would still use even if the token didnāt exist. Then add the token. #Web3 #Crypto #ProductFirst #TokenDesign #StartupThinking #Blockchain #BuildInPublic 4/4
Startup vs Entrepreneurship
While we are excited to see all the guests, founders, participants and festivities surrounding Startup Iceland 2015, it is in a week, you have bought your ticket right? I wanted to write about the difference and similarities around two words that is thrown around interchangeably:Ā StartupsĀ and Entrepreneurship.
There is a lot of confusion around both these words. There was even a lot of discussion
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"AirPair is still in the *air bed* phase of its AirBnB journey"
Thanks @andrewchen for an incredible brain jam with @ilebovic and myself. Feeling exhilarated from assimilating your ideas on the future.
How I conduct technical interviews
When I'm evaluating if someone is a good fit on my team I first look forĀ
Ability to create (creativity + technical skill)
Ability to communicate (starting top down from real world non-technical concepts ending up in technical detail without getting lost)
Passion in some niche community (enough interest in a topic to be motivated to engage with others in a niche)
Attention to craft & detail (do you like executing gracefully)
Ability to teach (can gauge the level of the person you're talking to and convey concepts appropriately)
As such I usually conduct a initial tech interview with the following format
00:00 Show something you've built and explain from idea/problem through to architecture
05:00 Show/ explain someone else's gist that your really like
10:00 Show/ explain a favorite gists your authored
15:00 Talk though a piece of elegant base level code that gets re-used a lot (preferably written by you)
20:00 Give a 3 minute beginners overview of "framework x" (e.g. BackboneJS)
23:00 Answer an expert level technical question (e.g. What is an IIF in JS?)
25:00 Let's code something simple together!
50:00 Let's try test it!

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What slowed you the most last week? How can we optimize?
When I build out my organizational culture later this year, this is a question everybody is going to be asked toĀ discussĀ in Monday morning meetings.
For me this past week, the thing that has slowed me down was managing conversations by email with so many developers and potential customers. Trying to line up and schedule parties to come together for a call has been hard and all over the place. This coming week I've decided to invest in systems to help me funnel the process as quickly as possible from lead to airpair call.
Competitive Analysis
After a couple of days of hacking, now's a good time to look at what else is out there in the space of finding people to hack with on projects. There are two apps out there that seem similar to hackfind's current format - i.e. the big map and browsing around, which feels like a mashup from last decade.
http://www.workclub.net/
Very venue/check-in centric => checkin + say how many hours you'll be there.
Forces you to endorse people.
Really lame you can't message people?
Tied to linkedin
No broadcasting to twitter / facebook mechanics?
Almost no one on a Sunny Sunday are on it... 4 folk including myself.
http://www.coderscoffee.com/
Don't check in, just have an on/off slider for location broadcast.
I can't set my profile picture
Has a startup/company map with on/off toggle
Has an invite for coffee feature (I like alot). Don't really get why you need to endorse someone before you invite them?
Again, no chat feature.
No form of posting/sharing.
Only one other on a Sunny Sunday are on it...
Summary: I'm really confused as to why (1) both of them ask you to endorse people you don't know, (2) why I can't message people. Seems like they're doing something wrong with such low volume of users. Good thing I reviewed these two before I think what to do next.
We are in a golden age of seed financing
A convertible note is short-term debt that converts into equity (I.e. it is a loan not equity). Investors receive shares of preferred stock as part of the startupās initial preferred stock financing
Issuance of shares of common stock creates three potential problems (1)Ā substantial dilution (2)Ā tricky tax issuesĀ (3)Ā problems with respect to stock option grants that should be low, to incentivize employees to create value and drive them up.
Convertible notes defer valuation issue is kicked down the road until the Series A.
It isĀ faster, easier and cheeper to administer.Ā $1,500-$2,000 for notes vsĀ $10,000 ā $30,000 for preferred stock options.
Notes also avoid giving the investors any control likeĀ board seat and veto rights.
They offer extraordinary flexibility in connection with āherdingā prospective investors and raising the round.Ā āConvertible notes have made variable pricing possible.ā