michaelrwolfe1

5 ms·

1.
by michaelrwolfe1 10d ago
What on earth are you talking about? Nvidia just had the single best quarter in the history of capitalism.
2.
by michaelrwolfe1 1y ago
Wang didn't get $14b, he only owns about 15% of Scale. We also don't know how much he sold. He could have sold all of his stock (netting him around $4.5b), none, or something in the middle.
3.
by michaelrwolfe1 11y ago
Not true since you can sell the stock as soon as it is vested.
4.
by michaelrwolfe1 11y ago
I admire these guys, but the probability of getting rich by going into banking or consulting or big law, for example, is quite high compared to almost any other career.
5.
by michaelrwolfe1 11y ago
There are people at Google making > $1M a year if you include RSUs.
6.
by michaelrwolfe1 12y ago
Recruiting costs, signing bonus, salary, health care, insurance, taxes, equipment, office space, software subscriptions, expenses. I've been at 5 startups, and we always budgeted 200-250k per hire per year
7.
by michaelrwolfe1 12y ago
You have to find investors who share your vision, trust your team, and are smart enough to know the business is capital intensive. I've been on 5 teams that did this successfully.
8.
by michaelrwolfe1 12y ago
VCs can't ask for their money back. It belongs to the company and is in the company bank account. They can refuse to give you more, and if they control the board they can try to put in a new management team, but except for cases of fra
9.
by michaelrwolfe1 12y ago
I've spoken to Yishan a few times over the last year about the stress of running Reddit - I can confirm the story as told by Sam and Yishan is true. Sometimes there is more to the story than what you see on the surface, but sometimes t
10.
by michaelrwolfe1 12y ago
Yes, the stock price reflect poor performance, but be aware that going forward, focusing on the near-term stock price is precisely the wrong thing to do. The investments the company needs to make will take many years to play out, and the sh
11.
by michaelrwolfe1 12y ago
What is your reasoning for why insuring manual cars would be any more expensive than it is now? If anything, it would be less expensive since those cars are sharing the road with safer self-driving cars.
12.
by michaelrwolfe1 13y ago
I agree with you. "Don't collaborate well" was poor writing on my part - I'm talking about a specific type of poor collaboration, including undermining and attacking co-workers. I clarified in the post. There are other k
13.
by michaelrwolfe1 13y ago
There is nothing wrong with feeling this way - it is often the truth. I've hired many people who were frustrated with their jobs, and I've quit jobs for this reason. But there is a way to communicate it professionally - simply say
14.
by michaelrwolfe1 13y ago
Nepotisms and cliques are not good, and I'm not defending them - you should never recommend someone into a company unless you think they kick ass, and if you are a founder you should work very hard to keep the number of people who have
15.
by michaelrwolfe1 13y ago
Hey guys, author here. I just re-read this post (it was originally from a Quora thread a couple of years back) and realized that it is not my best. I didn't take the time to discuss my definition of "asshole" nor took the tim