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Making Money Opportunities

I’m glad you responded to deBoer less politely than Drum did. I am royally pissed that such a poorly reasoned critique got responses from both of you. I think that I will argue that you are clearly Zooroastrians, since easily refuted criticism seems to be the ticket to fame around here.

However, I also think you slipped up in your reply. You say no one is to your left and your thought is based on the thought of JD Mill. This does not imply that no one is to the left of JS Mill, but it totally miss states where Mill’s writings would place him if he were reincarnated. Many of his views would be ultra ultra right today. For example, he supported a poll tax on the grounds that to be able to vote on spending without being taxed is to be given a license to pick other peoples’ pockets (I am quoting “On Liberty” from memory). Margaret Thatcher decieded to follow the very explicit detailed instructions of JS Mill. That was the time she went too far and lost the confidence of the Tory Parliamentary party and so the parliament and so became a baroness. Too far right for Margeret Thatcher to get away with and very explicitly advocated by JS Mill are consistent.

He also opposed the secret ballot. He said that, in the past, he supported it so people couldn’t be intimidated by their employers, but that people were getting too uppity so open voting was better. The excessive uppityness was in the 19th century. This again is very very explicitly stated in “On Liberty”.

Oh Nemisis. I decided to check my recollections and it is very explicitly state in “Reflections of Represenative Government” a book which I must have read but I don’t remember when. I quote one of the inspirations of your insuperable leftism

http://www.gutenberg.org/dirs/etext04/conrg10h.htm (search for ballot)

It may unquestionably be the fact, that if we attempt, by publicity, to make the voter responsible to the public for his vote, he will practically be made responsible for it to some powerful individual, whose interest is more opposed to the general interest of the community than that of the voter himself would be, if, by the shield of secrecy, he were released from responsibility altogether. When this is the condition, in a high degree, of a large proportion of the voters, the ballot may be the smaller evil.

[skip]

But in the more advanced states of modern Europe, and especially in this country, the power of coercing voters has declined and is declining; and bad voting is now less to be apprehended from the influences to which the voter is subject at the hands of others, than from the sinister interests and discreditable feelings which belong to himself, either individually or as a member of a class.

Finally he opposed one person one vote. He thought people with advanced degrees should have extra votes. He said this would make it clear that they were (we are) the “very elite” of the nation. He objected that ordinary people in the USA “(provided they are white)” do not acknoweldge that anyone is their better.

nemesis again. Again it is in Reflections on Representative Govenment and the attempted quote is not correct. This time search for “white skin”

“I do not look upon equal voting as among the things which are good in themselves, provided they can be guarded against inconveniences. I look upon it as only relatively good; less objectionable than inequality of privilege grounded on irrelevant or adventitious circumstances, but in principle wrong, because recognizing a wrong standard, and exercising a bad influence on the voter’s mind. It is not useful, but hurtful, that the constitution of the country should declare ignorance to be entitled to as much political power as knowledge. The national institutions should place all things that they are concerned with before the mind of the citizen in the light in which it is for his good that he should regard them; and as it is for his good that he should think that every one is entitled to some influence, but the better and wiser to more than others, it is important that this conviction should be professed by the state, and embodied in the national institutions. Such things constitute the spirit of the institutions of a country;

[skip]

The American institutions have imprinted strongly on the American mind that any one man (with a white skin) is as good as any other; and it is felt that this false creed is nearly connected with some of the more unfavorable points in American character. It is not small mischief that the constitution of any country should sanction this creed; for the belief in it, whether express or tacit, is almost as detrimental to moral and intellectual excellence any effect which most forms of government can produce. ”

Mill wrote a long time ago. His views were very progressive in his time, but many of them are absurdly reactionary now.

Your efforts to reassure your readers that you are a leftist just like Milton Friedman and JS Mill are not reassuring to this reader. I will just assume that you are not familiar with Friedmans massive opus and that, the passage of so many years has dulled your memory of what Mill actually wrote. I admit I read him when I was an undergraduate taking Rawls’s course on Justice Pass Fail (I passed) and, sigh, many many many more years have passed since I was an undergraduate than since you were an undergraduate. But I think my quotes from memory are substantially accurate.

update: I checked them and I had forgotten in which book I read them rounghly 3 decades ago (sorry). I now suspect that you never read “Reflections on Representative Government” and apologise for questioning you memory.

I know you used the weasel phrase “recognizably derived from ” but if your views actually were recognizably derived from Mills’s, then there would be a whole lot of people genuinely to your left.

By the way, you write no one is to your left. This is odd, since you have also listed people to your left on one of your blogs (not this blog). You definitely once wrote that, in a meaningful way, Billmon is to your left. This occured when you were discussing the fact that in a test your ideology web page you came out a centrist (some time ago). You argued that the test was invalid and they called you centrist because you are consequentialist. I can’t find the post.

Facebook finally put out a press release on PR Newswire officially setting the record straight on $1.5 billion in funding. The overseas clientele of Goldman Sachs bought $1 billion, and the bank plus Digital Sky Technologies together invested another $500 million.

The blogosphere will doubtlessly explode with posts about why and how the numbers seem to have changed from what was originally reported by The New York Times on January 2. I don’t think the size of the deal selling to Goldman’s clientele shrank from $1.5 billion to $1 billion because of U.S. investors got shut out of the deal, although that’s a clever idea.

I think the discrepancy more likely has to do with the nature of off-the-record scoops, like the one that started the media frenzy in the first place.  Rarely do the early leaks of secrets ever turn out to be accurate. Don’t mistake this as dissing any of the previous coverage of $500 million in direct investment and $1.5 billion from Goldman clientele. Like the release says, Facebook chose to limit the overseas offering to $1 billion, after the bank offered the choice of a range from $375 million to $1.5 billion.

The release consists of one straightforward factual paragraph, a quote from Facebook Chief Financial Officer David Ebersman and then a set of four questions and answers about the deal — all of it appears below, except for the boilerplate at the tail end. The fact that this official statement came out today indicates that the deal has closed. Read on for the release:

Facebook Raises $1.5 Billion

Facebook Receives $1 Billion from Goldman Sachs Overseas Offering; Digital Sky Technologies and Goldman Sachs Also Recently Made $500 Million Direct Investment

Investment Values Facebook at $50 Billion

PALO ALTO, Calif., Jan. 21, 2011 /PRNewswire/ — Facebook today announced it has raised U.S.$1.5 billion at a valuation of approximately $50 billion.

The transaction consisted of two parts. Today, Goldman Sachs completed an oversubscribed offering to its non-U.S. clients in a fund that invested $1 billion in Facebook Class A common stock. In December, Digital Sky Technologies (DST), The Goldman Sachs Group, Inc., and funds managed by Goldman Sachs invested $500 million in Facebook Class A common stock at the same valuation.

“Our business continues to perform well, and we are pleased to be able to bolster our cash position with this new financing,” said David Ebersman, Facebook’s chief financial officer. “With this investment completed, we now have greater financial flexibility to explore whatever opportunities lie ahead.”

The investment generated a significant number of questions from interested parties and Facebook has addressed the most common ones below.

Why did Facebook raise this money?

DST and Goldman Sachs approached Facebook to express their interest in making an investment, and Facebook decided it was an attractive opportunity to bolster its cash reserves and increase its financial flexibility with limited dilution to existing shareholders.

Why did Facebook choose to raise $1 billion in the overseas offering?

Under the transaction’s terms, Facebook had the option to accept between $375 million and $1.5 billion from the Goldman Sachs overseas offering, at the discretion of Facebook. While the offering was oversubscribed, Facebook made a business decision to limit the offering to $1 billion.

What are Facebook’s plans for the proceeds of this transaction?

There are no immediate plans for these funds. Facebook will continue investing to build and expand its operations.

Does this investment mean that Facebook will have more than 500 shareholders?

Even before the investment from Goldman Sachs, Facebook had expected to pass 500 shareholders at some point in 2011, and therefore expects to start filing public financial reports no later than April 30, 2012.

It’s great to see that the social network will indeed begin making financial disclosures to the public by the end of April; and the release doesn’t say anything about whether or when an  initial public offering might happen.

Why do you think the total size of the transaction changed from the originally reported $1.5 billion coming from overseas clients of Goldman Sachs to the currently announced $1 billion?

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Secrets to Making Money

"The best part of blogging is the people you will meet"- Hugh MacLeod repeating wisdom from Loic Lemeur to me at the Big Pink at 2 am in South Beach after the Future of Web Apps 2008.

If you asked me to tell you a list of three of the best decisions in my life, I can certainly tell you that regularly writing is one of them. It's the reason I'm an author here at OnStartups, made many new friends, had interesting opportunities cross my radar, and most importantly had the chance to share knowledge that has helped other entrepreneurs.

Why You Should Write

You Will Meet Other Smart People

Writing has allowed me to meet a slew of smart people. Some of these people are now virtual acquaintances and some are very close friends on a personal and professional level. Each article that you publish is a synthesized thought process that may click with other entrepreneurs instantly. Have you ever had a feeling when reading an article that "Wow, they are thinking exactly what I'm thinking"?

By writing, you are likely to encounter a handful of people that experience the same thing. Occasionally one of those people will reach out to you via email or bump into you at an event. You might make a new acquaintance, a new co-founder for the future, potential investor, hire,etc. At the end of the day, being an entrepreneur is about finding other smart (hopefully smarter) people to collaborate with and writing frequently helps make this happen.

Example: I ended up becoming a writer here at OnStartups due to my own writing. A year ago, I put out an article called "Disruption and My Next Startup". This is how I first met David Skok from Matrix Partners. David later introduced me to Dharmesh, who has become a good friend since moving to Boston. After talking about all things entrepreneurial, we realized we both had the same altruistic goals with writing: to meet other smart people and help share the lessons we've learned. Small piece of trivia: OnStartups was started in 2005 on Dharmesh's birthday. I joined OnStartups on my birthday this year (September 8th).

Your Experiences Will Provide Insightful Knowledge To Other Entrepreneurs

Every entrepreneur has been through many of the same yet different experiences. We find co-founders, we all work at building a product/service, we all try to get customers, etc. Even though we're doing the same thing at a high-level, we all have different experiences. We may have found great co-founders, built a great product, but fail to acquire customers. Each entrepreneur+startup mix is a unique permutation that varies from the rest of the world, hence providing a snowflake of experience. Through writing you can not only help share your successes, but also the pitfalls that lead to your failures. There's no magic bullet to entrepreneurship, but the wealth of writing from experienced entrepreneurs out there such as Paul Graham, Dharmesh here at OnStartups, Jason Fried and Joel Spolsky have prevented young entrepreneurs from making mistakes that they might have made otherwise. Open source technology has helped entrepreneurs get started immediately with no capital while significantly reducing risk (you would have to raise a large amount of capital to launch anything with lines of code behind it a decade ago). I believe open source knowledge on entrepreneurship can help do the same when it comes to the business side of things. Getting as many entrepreneurs writing + sharing their insight is the very first start of this.

You Will Establish Domain Expertise

Every person is an expert in their own right at something. It might be user interface design, coding, leadership, raising money, investing, etc. By writing you get a chance to establish that domain expertise by sharing it with the world. Don't worry about people stealing your secret sauce either. Famous chefs share their secrets and hints all the time without fear that it will cause their demise.

It Helps Build Dedication

Writing on a regular schedule takes a lot of discipline, just like going to the gym or practicing a new martial art. Nothing happens overnight, including building an audience and becoming a good writer. Like most things in life, writing takes time and strong dedication. Unwavering dedication is a valuable skill in startups that many seem to forget. If you keep yourself dedicated to writing on a consistent schedule, those important values will carry over to other facets of life including startups.

Your Communication Skills Will Get Exponentially Better

It takes a lot of work to become a great communicator as an entrepreneur. You have to break down complex problems, very technical solutions, and intricate details into soundbites that flow logically. By writing, you develop the ability to communicate more clearly to an audience of many, by providing a logical argument with a unique angle to your position. In some ways, you've been learning this skill your entire life through schooling, but writing as an entrepreneur in a public medium is something completely different. Through schooling you write for an audience of 1-2 people. Those people will usually judge you based not upon the content, but whether you agreed with their point of view. Writing as an entrepreneur in a public medium puts you in the spotlight of tens of thousands to millions of unique readers. If your writing isn't cohesive, there are many that can call you out. I had some rough professors throughout my undergrad years, but no one will call you out like internet commenters, many of which may be trolls. By the third article, you start to subconsciously think "Is this cohesive/does it make sense?" as a gut reaction when writing in order to avoid negative feedback.

You Will Build An Audience That Will Give You Candid Feedback

If you're really lucky, you will start to build an audience that isn't full of trolls, but that consists of those that are genuine and honest. They may give you negative feedback, but it will be candid+honest. Don't just look at the number of re-tweets on an article, look at the articles that get the audience to participate. You will eventually find a groove of what your audience enjoys and what they consider good writing. Try to reply to every comment as well, even if it is a simple "Thank you."

It Is A Rapid Accelerator Of Serendipity

Startups are certainly impacted by luck, but I believe they are impacted just as much by serendipity. You never know who knows who or who you may run into at an event. By putting yourself out there and making yourself open to meeting as many people as possible, serendipity is much more likely to happen. Once you have even a minor audience, you are now likely to experience the effects of serendipity. One article might reach 500 or 50,000 people in a short span of time. Remember that we live in a world where content/information travels faster than ever before. Out of those 50,000 people, you never know who might be reading, who might reach out to you, or who might leave a comment. I can tell you this: The majority of good things that have happened to me in business can be traced back to my writing.

 9 Tips How To Get Started

Many think that writing is as simple as registering for a Wordpress/Tumblr/Posterous account and all of a sudden they're the next Seth Godin. Just like anything in life, it takes time, practice, and finding the formula that works well for you. I started writing almost 2 years ago, but didn't get into it seriously until approximately 3-4 months ago. Here's a list of some of the things that I've learned along the way that will hopefully be useful food for thought.

1. Keep It Simple And Worry About The Aesthetics Later On

Sign-up for Posterous, Tumblr, or Wordpress. If you really want to customize things later on, host your own Wordpress install. Find a good, simple/basic theme, set up some basic settings + SEO, and get to the races with writing. Try to use your own name as the domain name. If you have a popular first+last name combo and can't own your exact name, try to get something similar. Last, but not least, try to have a picture of yourself somewhere on the site. It's good to put a face to your writing and this will help people identify with you when meeting up in person. Besides the simple stuff above, just start writing. Insightful content is king and that's where you should be focusing your efforts.

2. Define A Specific Audience To Write To

As you'll see in this link, which is also listed below, John Gruber writes for a specific audience- himself. You can further narrow down John Gruber as an apple fanboy who is geeky and educated. When writing I try to do the same thing. I write every article as if I owned a time machine and could mail myself letters five years ago when I was first getting started. To be honest, I still don't really know anything, but back then I knew absolutely nothing at all. Everytime I'm in the midst of an article, before completing it, I ask myself: "Would this have been useful to me five years ago?" If I say "No", then I stop writing, and possibly come back to it later to re-evaluate things if a new approach to the article comes up. Find your audience, that one exact ideal person, and write to them every time.

3. Set a regular routine

I get one article out every week and try to stay to that schedule regardless of what else is going on. I put it in line with working out everyday. It either gets done or not done. Sure the world won't end, if you miss a week, but that's not the point. It's about building dedication and putting something fresh out. I do all my writing on Sundays, edit throughout the week, and then release the articles when I have time to deal with comments/promote the article. The downside to this is writer's block or feeling like you have to write for the sake of just writing. I stray away from this by breaking things up into chunks and sections.

4. Don't Force It

Whatever you do: Do Not Force An Article. Set your schedule loose enough that you can get something out the door on time, but don't wait until the last second. Spend a lot of time thinking about your articles before hand. Most of my articles are formed before I write a single word in textmate. While I run, spend time on the T, and shower I usually think through the logic of articles. By doing this, you're not looking at writing an article like it's a high-school essay. It will flow naturally and won't be forced.

5. Initially Share With Close Entrepreneurial Friends

In the beginning there is a good chance you won't have a large readership, but that's okay. Send the article to close friends in the entrepreneurial community and just ask for some basic feedback. If they like it, ask them if they can share it with others. Also start sharing with other communities that you may be a part of, such as the one here at OnStartups or Hacker News.

6. Watch Your Analytics

Check to see where most of your traffic is coming from and double down on those avenues. Also pay attention to direct traffic sources. This means that people are either emailing your article around, sharing via instant messenger, or actually going to the URL directly. Also look at which articles ultimately become most popular with readers. Over time you will start to understand what your audience likes (ie- entrepreneurial advice, tech insights, interviews with other entrepreneurs, current event analysis, etc.)

7. Have a main topic + supporting points to avoid rambling

Each and every one of my articles has the same general format. Position/Argument usually found in the title, opening paragraph, supporting H2 tags, and then a closing paragraph. It might get repetitive over time, but it allows me to form arguments clearly + segment things out well enough into chunks.

8. No linkbait, just "thoughtbait"

I don't get into flamewars or write linkbait. It may work very well for some entrepreneurs to get recognition and increase pageviews, but it shouldn't be about that. It should be about sharing your knowledge and hopefully educating your reader. I like to write what I call "thoughtbait". A reader should come away with actionable knowledge that makes them think "I need to try this" or "I'm pumped up to get something done". Readers should also be sharing the link to help others gain the same knowledge as well.

9. Make Yourself Easy To Reach

Last , but not least, make yourself approachable and very easy to reach. Put your email addresss up, Twitter account up, and possibly your phone number. Robert Scoble still has the same phone number from when he first got started, and will still pick up/respond to texts. It may seem like a burden, but it's not. If you want to meet as many smart people as possible, you need to make yourself approachable and easy to be contacted. I get multiple emails a week from readers or people saying "thank you" re: my articles. This is one of the most rewarding things I've ever experienced. Great part is this: You can start experiencing it too. The goal of this article isn't just to inform and educate, but to hopefully start a movement to get as many entrepreneurs as possible to start writing. Whether you are a novice or a seasoned startup veteran, writing will not only benefit you, but it will benefit those who need your knowledge. If you start writing or already write insightful pieces about your experiences, please drop me an email: j@jasonlbaptiste.com . I'm certainly going to start compiling the list as it grows and will share it. One of my first additions was my buddy Wayne , who founded i2hub.

Here are some other useful resources on the topic:

Spencer Fry- http://spencerfry.com/on-writing

Marco Arment- http://www.marco.org/691438863

Interview With John Gruber On Writing- http://shawnblanc.net/2008/02/interview-john-gruber/ 

So, are you convinced you should be writing -- or writing more?  If you're convinced, what will it take to get you to do it?  If you've already been writing, have you found it to be useful?  Would love to hear your stories and experiences. 

This post originally appeared on OnStartups.com.

well i don't have much thought provoking opinion in regards to any of those 5 subjects. except Øbomba is a liar and has no balls. now i am very confused what to think about JA. i just read a long article this morning on NYT about the accusations these swedish woman made in regards to him and having sex with him. i think they sound like tiger's dumb doo girls. they wanted it so bad from this julian man, probably secretly wanted to get pregnant. then twist the whole story and condemn him. i am just sick of all this shit being news anyway.

yeah, let's just all be really merry around here like WB7 is every day. winky faces galore and so happy holidays. jeeze get real, it ain't so happy for 99% of people on this earth. why are you pretending to be so above this blight of criminals, destroying every piece of earth, wildlife, ocean beings and people's lives and future, happy holly dazing. america showing all this fake shit like lights and cutting down evergreen trees and putting stupid fake ornaments and lights in each window. it is a BIG waste of energy, that gets EXCEL energy wealthy and those MOFO ceo's billions. christ someone here in boulder put up a HUGE light bulb star on flagstaff mt. it looks hideous. stars don't look like this, nor made of fake stupid incandescent light bulbs.

i don't celebrate christMASS, i get through it.

Source:http://removeripoffreports.net/

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The situation is a bit different if what is in dispute is a house. Obviously, the house cannot usually just be sold to repay a Legal Aid bill (it may be home to children) so what happens therefore is that the board will attach what is known as a "Statutory Charge" to the house in respect of monies owing. This means that when the house is sold or re-mortgaged then the Board will get their money. It is not a free loan however. Interest attaches to the charge and continues to accrue. It is rare for the board to agree to postpone their charge in the event that the house is eventually sold or is perhaps re mortgaged in the interim but they will consider it. As I stated earlier, there is no "free lunch".


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