If you're moving to the U.S. to grow your young, early-stage startup for the next 5+ years, wouldn't it be easier if you moved your banking to a Silicon Valley / equivalent bank, who tends to be more startup-friendly and gives easier filing rules?
That's unless if you have more than 5 years of a banking relationship, but then you wouldn't qualify for this rule anyway.
Don't you think you're making too much assumption here? If a large firm lobbied to create an "artificial ... wall," they would write a pre-defined amount, such as "firms who have $100MM AUM," rather than making it vague.
"Successful investments" can be validated with a reasonable argument, so it actually opens door for younger VCs.
As many people mentioned below, including etf-to-mark, this really feels like a PR piece for HackerRank, which is a cough YC Company.
As a former Wall Street tech person, I know that JP's story here is overly exaggerated (they're really rigid and still require 3.0 GPA from schools for the two-year tech program they mentioned).
In addition, there are many other companies like HackerRank, and the article fails to mention any of the complaints large corporations and candidates have expressed so far (like you see in the comment section).
The recent deregulation worldwide has sparked a huge increase in the # of low-cost airlines, resulting in a spreading out of passenger load across airlines. Therefore, there aren't as many passengers to carry per airline as before, and A380s and even B747s are no longer needed. In fact, all of the U.S. airlines (Delta, United, American, and smaller ones) are either phasing out or parked all of their jumbos.
Side effect:
Because of the # of increase, air traffic has worsened (e.g. delays at airports) and pollution has increased very rapidly.
Actually, it's the opposite, and there's more than the lazy "Government planning fails yet another time."
I'm not sure whether you know much about the commercial airlines industry, but recent deregulation has sparked a huge increase in the # of low-cost airlines, resulting in a spreading out of passenger load across airlines. Therefore, there aren't as many passengers to carry per airline as before, and A380s and B747s are no longer needed. In fact, all U.S. airlines (Delta, United, American, and smaller ones) either sold or parked all of their jumbos.
Downside: Because of the # of increase, air traffic has worsened (e.g. delays at airports) and pollution has increased very rapidly.
Unfortunately that's incorrect. VW is the only automobile manufacturer which deliberately (and delicately) cheated the diesel emissions test. For example, BMW's diesel engines emit lower emissions than what they specify (which is awesome!).
We don't have the whole conversation. How do we know that the author didn't selectively show us his conversation with Google? Let's not jump to a conclusion.
The phrase "could care less" has a logic error. It makes more sense for someone to say, "I couldn't care less" when the person wants to express that he doesn't care.
I just came back from Medellin this week (Monday), and I wouldn't say that Medellin is a tech hub or will be one any time soon.
I think the most important reason against it is the Internet. It's hard to find even the average U.S. city Internet speed here. Additionally, you won't be able to carry your laptop around the city because there is no concept of "hot spots" (The only "public" hot spot is the Juan Valdez Cafe, which is the Colombian equivalent of Starbucks).
Another major reason is that nearly no one speaks English. If you want to get by, you MUST know how to speak Spanish. This is a huge hurdle, knowing that English is the de facto technology, hacker language.
Unfortunately, the author tweaks facts and statistics to make his claims more believable than they are.
For example, the author claims that Germany lost its chance to conquer Europe and the U.S. This is very misleading, and here's why.
Even though Germany rose to the Europe's most industrial and populous nation state following the unification of 1871, its production capacity was incomparable to that of the combined outputs of its western rivals. That is why Otto von Bismarck wanted the newly established Empire to stay out of any conflicts (and this is why he got fired by the more aggressive Wilhelm II).
The U.S. at that time was nobody. It was still undergoing the post-Civil War recovery and the Industrial Revolution JUST arrived on the continent. No European nation was interested in conquering the largely agrarian society.
Germany didn't miss a chance. It had neither the capacity nor the will to conquer the U.S.
I agree. Starting a company isn't a glamorous lifestyle that mass media portray it to be. During startup, you spend a lot of time figuring out how to cut down food and housing costs, how we're gonna pay for salaries and office expenses 6 months later, etc.
You have to try EVERYTHING you can, and that's what makes / breaks a startup.
P.S. A lot of people on HN or even many people at Startup School seem to be interested in startups for the "lifestyle" that doesn't exist in real life. In the real world, your company is not Pied Piper.
We're discussing high-skilled immigrants. People trying to reach the southern European countries (especially Italy and Greece) or wanting to work in Qatar are a different kind of immigrants.
- Product planning: generating ideas; getting buy-ins
- Product execution: help engineers with developing the right things; testing products
- Product iteration: easier analytics tools; autogenerate insights