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I followed Dharmeshs' blog from one of the earliest posts.

It seemed from that outside that he learnt about entrepreneurship at college, and then simply went about the business of putting that into practice.

Theory grounded in the type of common sense espoused on this site.

Congrats to him & Brian for making such a huge success of it. Has been very interesting to follow.

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Very cool! I wish I had checked out the blog earlier, but even following the more recent news with HubSpot and the future potential is exciting. It proves that a solid initial strategy must be in place for success, but the limit of success is unknown due to innovation. I can see this company booming very, very soon.

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Not exactly what you are looking for, but it's still a rare and very valuable person who sits between front end designer and developer, equally at home in Photoshop and an IDE.

This is going to be massive over the next few years with web, mobile, tablets, internet TV, paid content etc. Interactive consumer and media experiences.

It's not art as you described, but imagine it would scratch the creative itch and keep you gainfully employed!

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Is that really how much VC dilutes you?

From 94 > 37% series A is incredible, and ending up with 12.5%.

I wouldn't exactly be crying into my beer today if I was them, but I have to wonder if VC was worth it vs building organically for a few more years.

Especially when they are all Amazon based etc. Where did the money go?

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No, the premoney in each stage is too low to be credible.

Generally a venture round will be for between 33% and 20% of the company, trending lower as the company gets further along. 25% is a pretty typical number.

If you assume each of Heroku's two rounds were for 25% of the company, then 94% -> 70.5% after the A -> 52.9% after the B. (It seems counterintuitive to sell 25% of the company twice but end up with more than 50% of it, but this is because the Series B dilutes the Series A as well as the common.) The premoney valuations implied for the A & the B would be $9MM and $30MM respectively.

The reality would be lower, because this doesn't take into consideration things like option plans. If we assume they created a 10% option pool before the A and then used it all, the dilution looks more like this:

94% -> 84.6% (options) -> 63.4% (A) -> 47.5% (B)

Of course these things can still vary pretty widely. But no one's doing $10MM on $5MM premoney unless something has gone pretty wrong. In that case I'd expect the management team to get topped up with additional options to keep them motivated.

As an aside, the calculation of who made what also assumes that the investors have no pro-rata rights, which is wrong. When a company raises $10MM in a Series B, not all $10MM comes from the Series B investor.

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Is freelancing really viable for developers?

It obviously works for writers, designers, artists etc, but for various reasons, I've always been skeptical about whether the work would be there for a developer.

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There's tons of work. I've freelanced with Ruby on Rails for a good chunk of the last few years, and I know at least half a dozen other freelancers who do Ruby, PHP, and Objective-C work as well. The hardest part, I think, is finding the work. It is indeed out there, but the signal to I-just-need-a-quick-wordpress-template-thrown-up noise ratio is small. One of the best avenues I've found for freelancing is to network with web development and creative agencies, do a little subcontracting for them, and then subsequently absorb some of the smaller projects they're approached with but are too small to be worth it for them.

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Well, I've been freelancing for the better part of 15 years now. Mostly as a web developer.

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There's a lot of work available - I did freelance PHP and other platform development during university. The issue is aligning customer expectations. "Make me a facebook for $200" etc.

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The feature I need most. From the IPhone app, I would like to be able to select a file and email the file to myself or someone else - not the link to the file. Dropbox is blocked at work but sometimes I really need to get an important file from there. I'm a paying susbcriber. Keep up the good work!

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Agreed. I've lost track of how many times I've gone to a Quora answer, thought 'I must take a closer look at Quora', gone to the root domain, realised you need a Facebook login, then just navigated away.

I even have a Facebook account somewhere - just don't like logging into another site like this for some reason.

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This ie exactly what I do each time... look at a question then think, hmm I wonder whats popular on Quora right night but the homepage is totally locked down...

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Same here.

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The inconvenience of finding/creating a Facebook account to use in joining Quora is, imo, completely worth the value offered by Quora. You have to choose your battles. At a certain point I would rather have access than have my way.

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I never bothered to sign up at stackoverflow because of OpenID. Not necessarily because I have some philosophical issue with it, but because I already have a system to maintain this stuff and OpenID is just another hoop to jump through. Adding an optional user/password signup is hardly difficult.

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Honestly, I'd rather not give Jeff my password. So +1 on OpenID.

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What's stopping you from setting your password to jeff_sucks? It's pretty memorable too.

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Nothing is stopping me from setting my password to something different for every site I don't want to set a good password for, I'd just very very much rather just enter a URL and have everything work. OpenID is the most useful thing online in ages.

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The difference with Stack Overflow is that you can, and may people do, use it without an OpenID. Just go ahead and post a question or answer, and you'll be assigned a cookie-based account. And if you put in an email address, you can download a new cookie for that account at any time.

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You can't vote without a login.

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The problem is, in order to know that Quora is good enough to force you to use FB Connect even though you don't want to, you have to use FB Connect... I'm certain this slows their growth.

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Or maybe it makes sure that the only people who go the length to sign up are aware of the benefit of Quora, and therefore likely to be quality users contributing the the quality of Quora. In a sense, Quora uses Facebook as a filter to get great users.

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Yea, because Facebook is the test if someone is a great user or not.

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I am looking for rails and JQuery people for remote gigs. You won't be getting rich off of it but get in touch if interested - bswootton@gmail.com

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What a sensationalist headline.

So what if they've introduced charges? If someone else provides this for free, go there. If not, cough up!

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But they gave me their word!

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I agree, it's outrageous. I say you are entitled to a full refund!

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where?

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It still says so here: http://www.skype.com/intl/en/security/safety/safe-payments/

"Skype-to-Skype calls will always be free but there are a few things that cost a little such as calling mobiles and ordinary phones when you want to get hold of your friends that havent started using Skype yet."

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Ok. That's much better. When people maike claims, it is always good to put evidence. The discussion would have been different if that was put there.

But I believe charging is the only was that network operators will allow Skype to work at all. It would be good if they explained it that way.

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I agree the sensationalist headline. The moderators should delete this submission. Inflammatory headlines do nothing to encourage discussion.

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I definetly need to revisit pricing based on this feedback.

True re price sensitivity of the small business, but in a way, the target market is the fundamental USP. Nameley, take a tool that the bigger guys are using and make it available in a scalable fashion to small businesses.

Re thousands of subscriptions... If I could take 100 at that price I'd be happy with the outcome.

Plus I think there's a number of related areas I could move on to off the back of this.

Thanks for the comment - really useful. Also, if you have 5 minutes, feel free to include more info on your experience or link up with me be email twitter etc.

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Thanks very much for this.

I wasn't aware of CardStar - a fair amount of overlap there.

+1 to that killer application in a sentence. I'm not quite there with my elevator pitch.

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You're most welcome. The very best of luck to you!

I'll be in your shoes in a couple of months, just finishing up college now so I can't really work on my numerous ideas. Can't wait to get into it!

You might also consider keeping a blog of your progress, like this guy with Bingo Cards, of all things:

http://www.kalzumeus.com/

Even though his product isn't pitched at a HN-type demographic, the process of how he develops his ideas makes for an interesting read. It's a great way of generating free buzz - writing passionately about your startup with no BS. Something you may wish to consider also.

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http://www.thepocketagency.com are doing something similar to CardStar in the UK, let me know if you want an intro

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Yes would really appreciate that - seems like we may be complimentary in some ways.

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