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Those who think valuation goes up as they burn through another round must also think their car appreciates faster when gas is expensive.
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They say it’s hard to live in San Francisco and not take funding, but I beg to differ: out here it’s easy to get lucrative consulting gigs and fill your bank account. Contract for someone else with funding, make some money, save it up, then spend it on your company. You don’t have to sell your soul to a VC or live off of ramen. Just be smart.
— Github
Jul
25th
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Renée French, Coffee and Cigarettes
thank you materialicio.us
… we have been trained to believe that there *is* a free lunch. We have learned the false lesson that we can, or should be able to make money without making any money. We have abandoned the concept of fundamentals.
You see some of these selective liberal arts colleges building new physical education facilities with these huge sheets of glass and these coffee and juice bars, and charging students $40,000 a year, and you have to ask, does this contribute to the public good, or is it just a way for the college to keep up with the Joneses?… We are a tax-exempt institution, so I think the public has a right to demand that our educational mission be at the heart of all of our expenditures.
— Larry D. Shinn Berea College