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Gary Edwards

A founder-friendly term sheet - Sam Altman - 1 views

blog.samaltman.com/a-founder-friendly-term-sheet

Sam-Altman Investing VC

shared by Gary Edwards on 05 Jun 13 - No Cached
  • Gary Edwards on 05 Jun 13
     
    Must read for every entrepreneur!  When your product and service can command these kind of terms, for sure your company is worth investing in. "A founder-friendly term sheet When I invest (outside of YC) I make offers with the following term sheet.  I've tried to make the terms reflect what I wanted when I was a founder.  A few people have asked me if I'd share it, so here it is.  I think it's pretty founder-friendly. If you believe the upside risk theory, then it makes sense to offer compelling terms and forgo some downside protection to get the best companies to want to work with you. What's most important is what's not in it: *No option pool.  Taking the option pool out of the pre-money valuation (ie, diluting only founders and not investors for future hires) is just a way to artificially manipulate valuation.  New hires benefit everyone and should dilute everyone. *The company doesn't have to pay any of my legal fees.  Requiring the company to pay investors' legal fees always struck me as particularly egregious-the company can probably make better use of the money than investors can, so I'll pay my own legal fees for the round (in a simple deal with no back and forth they always end up super low anyway). *No expiration.  I got burned once by an exploding offer and haven't forgotten it; the founders can take as much time as they want to think about it.  In practice, people usually decide pretty quickly. *No confidentiality.  Founder/investor relationships are long and important.  The founders should talk to whomever they want, and if they want to tell people what I offered them, I don't really care.  Investors certainly tell each other what they offer companies. (Once we shake hands on a deal, of course, I expect the founders to honor it.) *No participating preferred, non-standard liquidation preference, etc.  There is a 1x liquidation preference, but I'm willing to forgo even that and buy common shares (and sometimes
Gary Edwards

J.C. Herz Ringling College Commencement Speech: Harvesting the Creative Life - 0 views

saffron.ringling.edu/...index.php

creative-life jc-herz commencement-wisdom

shared by Gary Edwards on 14 Jun 11 - No Cached
  • Gary Edwards on 14 Jun 11
     
    Wow!  excellent advice, top to bottom.  Very well thought out flow of wisdom. excerpt: The important work that you build your reputation on - you can't just Google it. You don't cut and paste it from Wikipedia. You roll up your sleeves, and bring all your creativity and meaningful skills to bear on the problem of building something.   This is what the world requires - this is what the world rewards. Not just calling yourself creative, but understanding how to exercise your creative powers to some end, to bring your vision and skills together in a meaningful way. This is a powerful thing to be able to do. It gives you tremendous value in a society where attention is currency - being able to capture people's imaginations is the scarcest kind of power in a fractured culture. Creating work that transports and transcends is one of the few ways to create sustainable value in a disposable society. What you do, if you do it well, is never going to be a commodity. Vision, magic, delight. Heart-rocking spectacle. Pulse-pounding action. These things don't get outsourced to some cubicle drone in the developing world.   You are an influential group of people, and today is an important moment, as you set forth to become the chief stewards of your gifts. Because, this is what it means to be a creative professional: figuring out how to be the best steward of your gifts, so that your power to create grows and deepens meaningfully over time. So that your edges stay sharp, and your light stays bright. The life you've chosen is not one that simply requires clocking in and clocking out. You've got to bring your soul to it every day. You've got to be on your game.   That takes discipline. And it takes awareness - of how you're spending your time, and of how what you're doing affects your capability and your capacity. You are going to have to ask yourself, at every turn: is this project making me smarter, or making me stupider. Is this job stoking my fire,
Paul Merrell

Why the Sony hack is unlikely to be the work of North Korea. | Marc's Security Ramblings - 0 views

marcrogers.org/...-to-be-the-work-of-north-korea

Sony-hack North-Korea false-flag FBI Obama

shared by Paul Merrell on 25 Dec 14 - No Cached
  • Everyone seems to be eager to pin the blame for the Sony hack on North Korea. However, I think it’s unlikely. Here’s why:1. The broken English looks deliberately bad and doesn’t exhibit any of the classic comprehension mistakes you actually expect to see in “Konglish”. i.e it reads to me like an English speaker pretending to be bad at writing English. 2. The fact that the code was written on a PC with Korean locale & language actually makes it less likely to be North Korea. Not least because they don’t speak traditional “Korean” in North Korea, they speak their own dialect and traditional Korean is forbidden. This is one of the key things that has made communication with North Korean refugees difficult. I would find the presence of Chinese far more plausible.
  • 3. It’s clear from the hard-coded paths and passwords in the malware that whoever wrote it had extensive knowledge of Sony’s internal architecture and access to key passwords. While it’s plausible that an attacker could have built up this knowledge over time and then used it to make the malware, Occam’s razor suggests the simpler explanation of an insider. It also fits with the pure revenge tact that this started out as. 4. Whoever did this is in it for revenge. The info and access they had could have easily been used to cash out, yet, instead, they are making every effort to burn Sony down. Just think what they could have done with passwords to all of Sony’s financial accounts? With the competitive intelligence in their business documents? From simple theft, to the sale of intellectual property, or even extortion – the attackers had many ways to become rich. Yet, instead, they chose to dump the data, rendering it useless. Likewise, I find it hard to believe that a “Nation State” which lives by propaganda would be so willing to just throw away such an unprecedented level of access to the beating heart of Hollywood itself.
  • 5. The attackers only latched onto “The Interview” after the media did – the film was never mentioned by GOP right at the start of their campaign. It was only after a few people started speculating in the media that this and the communication from DPRK “might be linked” that suddenly it became linked. I think the attackers both saw this as an opportunity for “lulz” and as a way to misdirect everyone into thinking it was a nation state. After all, if everyone believes it’s a nation state, then the criminal investigation will likely die.
  • ...4 more annotations...
  • 6. Whoever is doing this is VERY net and social media savvy. That, and the sophistication of the operation, do not match with the profile of DPRK up until now. Grugq did an excellent analysis of this aspect his findings are here – http://0paste.com/6875#md 7. Finally, blaming North Korea is the easy way out for a number of folks, including the security vendors and Sony management who are under the microscope for this. Let’s face it – most of today’s so-called “cutting edge” security defenses are either so specific, or so brittle, that they really don’t offer much meaningful protection against a sophisticated attacker or group of attackers.
  • 8. It probably also suits a number of political agendas to have something that justifies sabre-rattling at North Korea, which is why I’m not that surprised to see politicians starting to point their fingers at the DPRK also. 9. It’s clear from the leaked data that Sony has a culture which doesn’t take security very seriously. From plaintext password files, to using “password” as the password in business critical certificates, through to just the shear volume of aging unclassified yet highly sensitive data left out in the open. This isn’t a simple slip-up or a “weak link in the chain” – this is a serious organization-wide failure to implement anything like a reasonable security architecture.
  • The reality is, as things stand, Sony has little choice but to burn everything down and start again. Every password, every key, every certificate is tainted now and that’s a terrifying place for an organization to find itself. This hack should be used as the definitive lesson in why security matters and just how bad things can get if you don’t take it seriously. 10. Who do I think is behind this? My money is on a disgruntled (possibly ex) employee of Sony.
  • EDIT: This appears (at least in part) to be substantiated by a conversation the Verge had with one of the alleged hackers – http://www.theverge.com/2014/11/25/7281097/sony-pictures-hackers-say-they-want-equality-worked-with-staff-to-break-in Finally for an EXCELLENT blow by blow analysis of the breach and the events that followed, read the following post by my friends from Risk Based Security – https://www.riskbasedsecurity.com/2014/12/a-breakdown-and-analysis-of-the-december-2014-sony-hack EDIT: Also make sure you read my good friend Krypt3ia’s post on the hack – http://krypt3ia.wordpress.com/2014/12/18/sony-hack-winners-and-losers/
  • Paul Merrell on 25 Dec 14
     
    Seems that the FBI overlooked a few clues before it told Obama to go ahead and declare war against North Korea. 
Gary Edwards

The real reason why Steve Jobs hates Flash - Charlie's Diary - 1 views

www.antipope.org/...hy-steve-jobs-hates-flash.html

shared by Gary Edwards on 30 Apr 10 - Cached
  • Flash is a cross platform development tool. It is not Adobe's goal to help developers write the best iPhone, iPod and iPad apps. It is their goal to help developers write cross platform apps."
  • he really does not want cross-platform apps that might divert attention and energy away from his application ecosystem
  • This is why there's a stench of panic hanging over silicon valley. this is why Apple have turned into paranoid security Nazis, why HP have just ditched Microsoft from a forthcoming major platform and splurged a billion-plus on buying up a near-failure; it's why everyone is terrified of Google: The PC revolution is almost coming to an end, and everyone's trying to work out a strategy for surviving the aftermath.
  • Gary Edwards on 30 Apr 10
     
    Excellent must read!  Best explanation of what is currently driving Silicon Valley.  Charlie puts all the pieces in context, provides expert perspective, and then pushes everything forward to describe a highly probable future.  MUST READ stuff! excerpts:  I've got a theory, and it's this: Steve Jobs believes he's gambling Apple's future - the future of a corporation with a market cap well over US $200Bn - on an all-or-nothing push into a new market. HP have woken up and smelled the forest fire, two or three years late; Microsoft are mired in a tar pit, unable to grasp that the inferno heading towards them is going to burn down the entire ecosystem in which they exist. There is the smell of panic in the air, and here's why ... We have known since the mid-1990s that the internet was the future of computing.  With increasing bandwidth, data doesn't need to be trapped in the hard drives of our desktop computers: data and interaction can follow us out into the world we live in. .....Wifi and 4G protocols will shortly be delivering 50-150mbps to whatever gizmo is in your pocket, over the air. ......  It's easier to lay a single fat fibre to a radio transciever station than it is to lay lots of thin fibres to everybody's front door.... Anyway, here's Steve Jobs' strategic dilemma in a nutshell: the PC industry as we have known it for a third of a century is beginning to die. PCs are becoming commodity items. The price of PCs and laptops is falling by about 50% per decade in real terms, despite performance simultaneously rising in real terms. The profit margin on a typical netbook or desktop PC is under 10%.  At the same time, wireless broadband is coming. As it does so, organizations and users will increasingly move their data out into the cloud (read: onto hordes of servers racked up high in anonymous data warehouses, owned and maintained by some large corporation like Google). Software will be delivered as a service to users wherever they are, via whatev
commonpromo

Quanto Fit - Lose weight and Boost Energy - 0 views

www.facebook.com/...561174200704542

lose weight boost energy burn fat reduse fat.

shared by commonpromo on 23 Dec 15 - No Cached
  • commonpromo on 23 Dec 15
     
    People suffering from ?#?MorbidObesity? are at a greater risk of acquiring diabetes, cardiovascular diseases, high blood pressure, and certain types of cancer as compared to others. Buy ?#?QuantoFit? now!
Paul Merrell

Assange Keeps Warning Of AI Censorship, And It's Time We Started Listening - 0 views

medium.com/...started-listening-e05d371ef120

AI Internet-censorship Google Twitter Facebook

shared by Paul Merrell on 19 Jan 18 - No Cached
  • Where power is not overtly totalitarian, wealthy elites have bought up all media, first in print, then radio, then television, and used it to advance narratives that are favorable to their interests. Not until humanity gained widespread access to the internet has our species had the ability to freely and easily share ideas and information on a large scale without regulation by the iron-fisted grip of power. This newfound ability arguably had a direct impact on the election for the most powerful elected office in the most powerful government in the world in 2016, as a leak publishing outlet combined with alternative and social media enabled ordinary Americans to tell one another their own stories about what they thought was going on in their country.This newly democratized narrative-generating power of the masses gave those in power an immense fright, and they’ve been working to restore the old order of power controlling information ever since. And the editor-in-chief of the aforementioned leak publishing outlet, WikiLeaks, has been repeatedly trying to warn us about this coming development.
  • In a statement that was recently read during the “Organising Resistance to Internet Censorship” webinar, sponsored by the World Socialist Web Site, Assange warned of how “digital super states” like Facebook and Google have been working to “re-establish discourse control”, giving authority over how ideas and information are shared back to those in power.Assange went on to say that the manipulative attempts of world power structures to regain control of discourse in the information age has been “operating at a scale, speed, and increasingly at a subtlety, that appears likely to eclipse human counter-measures.”What this means is that using increasingly more advanced forms of artificial intelligence, power structures are becoming more and more capable of controlling the ideas and information that people are able to access and share with one another, hide information which goes against the interests of those power structures and elevate narratives which support those interests, all of course while maintaining the illusion of freedom and lively debate.
  • To be clear, this is already happening. Due to a recent shift in Google’s “evaluation methods”, traffic to left-leaning and anti-establishment websites has plummeted, with sites like WikiLeaks, Alternet, Counterpunch, Global Research, Consortium News, Truthout, and WSWS losing up to 70 percent of the views they were getting prior to the changes. Powerful billionaire oligarchs Pierre Omidyar and George Soros are openly financing the development of “an automated fact-checking system” (AI) to hide “fake news” from the public.
  • ...2 more annotations...
  • To make matters even worse, there’s no way to know the exact extent to which this is going on, because we know that we can absolutely count on the digital super states in question to lie about it. In the lead-up to the 2016 election, Twitter CEO Jack Dorsey was asked point-blank if Twitter was obstructing the #DNCLeaks from trending, a hashtag people were using to build awareness of the DNC emails which had just been published by WikiLeaks, and Dorsey flatly denied it. More than a year later, we learned from a prepared testimony before the Senate Subcommittee on Crime and Terrorism by Twitter’s acting general counsel Sean J. Edgett that this was completely false and Twitter had indeed been doing exactly that to protect the interests of US political structures by sheltering the public from information allegedly gathered by Russian hackers.
  • Imagine going back to a world like the Middle Ages where you only knew the things your king wanted you to know, except you could still watch innocuous kitten videos on Youtube. That appears to be where we may be headed, and if that happens the possibility of any populist movement arising to hold power to account may be effectively locked out from the realm of possibility forever.To claim that these powerful new media corporations are just private companies practicing their freedom to determine what happens on their property is to bury your head in the sand and ignore the extent to which these digital super states are already inextricably interwoven with existing power structures. In a corporatist system of government, which America unquestionably has, corporate censorship is government censorship, of an even more pernicious strain than if Jeff Sessions were touring the country burning books. The more advanced artificial intelligence becomes, the more adept these power structures will become at manipulating us. Time to start paying very close attention to this.
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