When I moved to Palo Alto in 2011, I had this weird sense that their was a hidden secret behind every term used. I've learned since that it's just a BS game built by lawyers & VC's in the name of "protecting the company & investment". In reality, it's a power game won somewhere in the knowledge gap. The more you know and understand the less likely you are to lose the game.
If I remember correctly, Airbnb struggled to raise after YC as well. Sequoia came in and gave them $600k quietly after Greg McAdoo synthesized and reframed the Airbnb vision (See Nathan's Startup school speech from 2013). Why didn't Paige participate in funding after demo day?
This is actually a great assessment of many industries. I watched this exact thing happen in the lead generation business from 2000 and continue to today. It's grown impossible to be honest, as no one trusts you anyways and it becomes difficult to compete on price. Even when you give them everything they ask for, they still don't buy because they have learned not to trust lead generators, Bitcoin marketplaces, etc.
Lots of great changes that make a world of difference for marketplace builders. From someone who used to use Authorize.net and spent a lot of money building tools around it... I love Stripe. So simple, so smart. Best YC company yet.
You can build a lean website on CPC advertising...but it's hard to build a real business based on that. Advertising should be viewed as supplemental revenue, rather than the main business model. I assume that's why GigaOm began to shift over to the subscription model.
It could also be one of the reasons Google just came out with the "Contributors" beta last week. They may have realized the CPC ad model does not pay enough and content creators need better business models to make it worth their time.
It's more likely that this will end up being a new tax on resources, instead of ending labor taxes. The true purpose of the tax is to create a new tax on resources. Ending labor taxes just seems to be a sales pitch to get support. From a cynics point of view, it's just a new way to sell a carbon/environmental tax. More taxes!=More Rainbows.
So here's something I've been wondering about for a while. Say you tax everyone exactly equally and like bitcoin, provide easy ways to divide denominations of money. How is the tax actually hurting anyone? Wouldn't the value of currency simply normalize to the post tax level?
To me, the major difference between renormalizing currency and taxing (in this simple case) seems to be that the government can inject money into specific industries and projects without causing inflation (as the money supply is held level). Is this correct? If so, how does this apply to the real world? Is it just a special case?
If the government has some automatic way of making half the money in people's bank accounts disappear into thin air, then yes, prices can be redenominated. Except for all those long term debts and contracts with future prices agreed; it's not so simple to accept a 50% pay cut when your mortgage stays the same. And in practice, if the government does take half the value of the money in circulation out of people's accounts, most of it will be find its way directly or indirectly into other people's bank accounts, so prices won't go down anywhere near 50%
The major difference between taxing and renormalizing (or printing) money is stabilising the currency's value, but distributional effects are also important and mostly intended
I commend you for helping your friend. When I was a child, my fathers friend lost his left arm and all but two fingers on his right hand in a train accident. My dad hired him to work around our yard and help out. He eventually taught the guy how to tie his shoes with only two fingers. I'm still impressed by my fathers patience and inventiveness in helping his friend get back on his feet. I'm sure you'll find a way to make it happen for your friend as well.
My initial thought is there has got to be some kind of foot pedals for the left handed controls. If you can't find one, take an old keyboard and eliminate all the keys except the ones needed for gaming. Then attach foot pads to the gaming keys he needs. It will probably take some time, but he'll eventually get used to it.