feltron:

Stephen Wolfram’s personal analytics

How Naval looks at a company

  • “I look for two things that are paramount above all:
  • Great team. It’s obvious. It’s a tautology. Everybody says it. You have to be working with some of the best people in the industry you’re in.
  • Huge market. Niche markets just don’t work because the first idea never works. You always have to change the idea, so you need room to maneuver in a big market.
  • There are three more factors that I look at. Not all three of them are required but I prefer a company to have at least two of them: Difficult technology that is compounding over time.
  • - A proprietary distribution channel.
  • - A clever viral marketing, or SEO, or partnership, or whatever strategy that gives them a leg up over competitors.
  • - A direct monetization model. Something more than throwing up 10 cent banner ad CPMs.
There’s this wonderful paper called The Unreasonable Effectiveness of Data (PDF) and it shows that for every increase in order of magnitude of data you have, it beats all improvements in algorithms. For me this means to get data, you have to get people to use you…so design is the necessary prerequisite to the data that you want.

nabeel:

The best way to think about the value of Instagram is not to think about $1 billion or $30/user, it’s this: 1%

The value of Instagram is tied up in Facebook being valued at an unprecedented $100 billion valuation. To use the case that Paul Graham makes for YC: do you believe that Instragram adds…

lilly:

I was frustrated tonight with something that made me write something careless. Which ignited an intense back & forth that I think is somewhat better now, and will lead to a more substantial and useful conversation I think.

But I was so focused on it that I was a crappy dad. Didn’t pay enough…