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If my project is successful, I will be a billionaire, many times over. I have no desire to do that, and really don't want the down side of being that wealthy, and didn't try to pick a project that would make so darned much money, but that's just the way my project looks. I picked a project using my Steps 1 and 2. So, in Step 1 I picked a big unsolved problem, one that nearly every Internet user, desktop to mobile, wants to have solved and that so far is at best poorly solved. Then I executed my Step 2 and drew from my background in pure and applied math, had some new ideas, wrote out some new theorems and proofs, as my education taught me very well how to do, and then wrote the corresponding software. At this point what is left to do is not very much quite routine Web site construction and some initial data collection. The rest of the software is ready for at least initial production. I've written successful production software before and for this project had no desire to write 'prototype' software. But what's crucial about my project is the research, just the research, or Step 2 in my post. All the rest is routine. The main business risk is, will users like my solution. Why is there a question? Mostly because the UI and UX are different. The UI is much easier to use than anything in, say, Office, but there is still a little for users to do. Can the solution 'scale'? Apparently. From how my software works, my software timings, and some fairly simple estimating, it appears that my software could serve the world from just 2000 square feet of standard rack space in a room of, say, 20,000 square feet. So, my software is relatively efficient. The needed scaling techniques are just the simplest ones -- lots of parallelism and redundancy and processing mostly read only data with good locality of reference. For 'needing' Paul, really I'm not trying: I've never applied to a YC 'class' and wouldn't want to be part of one. E.g., I don't have a Mac laptop! And I'm building on Microsoft instead of Linux. And I'm writing in Visual Basic .NET instead of C#! So, my software writing doesn't 'fit in' with the YC or HN 'norms'! And, more importantly, I'm not writing just demo or prototype software. Also, I'm a one-person effort: As founder, I insist on knowing all the early software, and the way for me do to that is just to write it. Besides, I enjoy writing software. The 'business idea', the research, and the corresponding software were all fast, fun, and easy for me. But learning enough about .NET and SQL Server administration has been a self inflicted root canal procedure bottleneck -- that maybe by now I'm mostly through. When I get some revenue or equity funding, for more obscure details about Microsoft's software, e.g., when I get to be a big uses of Windows Server and SQL Server, I will just pick up a phone, call a Microsoft expert, and pay. My patience working through MSDN Web pages is drawing to a close. Similarly for boxes I get from Cisco. So far I am 100% owner. Some venture funding would have helped me a little mostly just because I could have called Microsoft instead of worked through thousands of MSDN Web pages. Also a LOT of venture funding would have let me hire people for all the routine software. Net, so far being 100% owner has likely been for the best. But in the future there may be a role for some venture funding. But it looks like the 'window' will be short: By the time I qualify for such funding, I should be close to no longer needing or willing to accept it. But YC doesn't really do venture funding. So, I would not be looking to YC for venture funding. So, my post was not to try to get YC funding. Instead my post was to try to help Paul with the struggles in project evaluation in his essay. Also, since SV has similar struggles, I was writing to help SV. If someone in SV wants to discuss venture funding soon, then okay, but I doubt they will. For SV funding my project, from all I can tell there will be no problem if and only if my project is nearly far enough along that I no longer need or will accept funding! My guess, from contacts with VCs I have had, is that to fund my project now, VCs would have to evaluate my research, which they won't do and would have a tough time doing, and then violate some rules from their limited partners. So, really my post was to tell PG, YC, SV, VCs, and the LPs that for the few "big wins" they want, they should learn to evaluate research and, then, should do that. Of course, the SV answer, should they ever actually think that far, would be, if the rest of the software is just a little, routine Web site construction, then that is not too much to ask before looking for equity funding. My response would be, okay, but then you risk trying to get on my airplane after it has already left the ground. Net, then, my post was really to try to shock SV enough to get them to pay enough attention that maybe I could do them some good on one of their worst problems and not really to get funding for my project. But I should be worth about $500 million: I helped start FedEx and saved it twice. My offer letter said I'd get stock. Later Fred Smith told me, with Mike Basch, that the amount would be $500,000, and that would be worth ballpark $500 million now. That FedEx wouldn't do what they promised in my offer letter is my loss but their shame. Ah, what the heck: If my project works, then I'll be worth more than Fred Smith anyway. |
Your "doing them some good" had nothing specific to merit attention towards fixing a... valuation or funding problem?