Raji Bedi

Dec 26

Hiking Tomales

Hiking Tomales

May 18

Mar 09

“The satisfaction of waking up to write down a fleeting thought.”

Jan 18

Fortune Cookie:  I guess what goes around comes around.

Fortune Cookie: I guess what goes around comes around.

Jan 16

Simple Syrup

Simple Syrup

Nov 14

[video]

Oct 15

Survey Highlights re: Freelance mobile designers and developers.

A few weeks ago I sent a survey to freelance developers to collect data on major pain points during mobile development projects. Several results came in, but not enough to be able to draw meaningful conclusions. If you haven’t filled the survey out, please do. Otherwise please share it with freelance mobile developers in your network.

CLICK HERE TO TAKE THE SURVEY

Survey highlights (“General Thoughts”) :

[ ] Edits mine

Sep 18

All social apps end up becoming content apps, or else.

A social app can’t start out being social when nobody is using it yet.  For that reason, social feature apps first need to be (1) seeded with founder-generated content (inorganic) or (2) play well in single-player mode. When early users are baited with something to keep them busy, they may get just enough utility out of the app to produce their own content and, in turn, grease the social mechanics of the startup.

If everything works as planned, the seeded content is just the opening act for the social feature.  But this outlook might be a little short sighted. Several startups have come to a head, showing that their social engines were actually missing a gear. The two that stand out are Foursquare and Twitter. 

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Sep 10

Foursquare before and after

There is a lot to learn from the work other companies do. As a co-founder of a mobile startup, I find it really helpful to learn from how other apps iterate.  Foursquare is a particularly beautiful app that has recently gone through some dramatic changes.

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Jul 17

Discount or cap? A spreadsheet that shows what happens when a note converts.

image

Venture math can be tough. Terms like convertible note, discount and cap can complicate a seemingly easy process. A convertible note is a debt instrument typically used when a company first begins to raise capital. The valuation of the company is determined at a later date, after a Series A investment. This is when a note converts to equity at the previously agreed upon terms. A discount and cap are typically included in those terms. A discount gives a note holder’s small investment a little bit more purchasing power. But with a discount, there is no limit to the valuation of the company. That’s where the cap comes into play. A cap limits the valuation of the company to a pre-determined price. In other words, it protects early investors (note holders) from being diluted to oblivion. Owning 0.0004% of a company sucks for someone who took most of the risk, and a cap prevents that from happening.

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