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[04:56]<awjzdd>lol
[04:56]<jdvgdjgcgd><--25
[04:56]<rxrcr>Jivemonkey, your a baby
[04:56]<awjzdd>oh you're 25 wtf we would have been in highschool together
[04:56]<zj2-wzc>Victory, DataSet/DataView you are my bitches now! ;)
[04:56]<cjmgrug><19
[04:57]<jdvgdjgcgd>you'd have been a freshman
[04:57]<awjzdd>you're less than 19?
[04:57]<awjzdd>Jivemonkey: soooo!
[04:57]<cjmgrug><--19
[04:57]<cjmgrug>:p
[04:57]<jdvgdjgcgd>we couldnt have hung out, though i could have dated your sister
[04:57]<rxrcr>heh
[04:57]<awjzdd>Jivemonkey: actually I woulda been pokin' your little sister.
[04:57]<jdvgdjgcgd>deal
[04:58]<rxrcr>his sister is probably younger than him dude
[04:58]<rxrcr>oh yeah, you're on probation
[04:58]<rxrcr>makes sense now
[04:58]<awjzdd>hah
[04:58]<cjmgrug>so, jwormy, what does it take to create a startup.. ? (if, you're planning to leave its fine, i'll ask you sometime later :) )
[04:58]<jdvgdjgcgd>balls
[04:58]<awjzdd>CodeRun: i'm just doing some work for one...
[04:58]<jdvgdjgcgd>a cash infusion helps too
[04:58]<rxrcr>balls, bs skills, and a good idea
[04:58]<awjzdd>CodeRun: I have a friend who is strting one...
[04:59]<jdvgdjgcgd>www.wildertechnologies.com
[04:59]<cjmgrug>i see
[05:00]<awjzdd>CodeRun: he has a masters degree from Standford in business
[05:00]<cjmgrug>nice site, Jivemonkey
[05:00]<awjzdd>CodeRun: and is surrounded by business gurus
[05:00]<jdvgdjgcgd>thanks
[05:00]<jdvgdjgcgd>i made it
[05:00]<cjmgrug>i see, Jw
[05:00]<cjmgrug>jwormy*
[05:00]<jdvgdjgcgd>because when you're in a startup, everyone does everything
[05:00]<jdvgdjgcgd>and it sucks
[05:00]<awjzdd>CodeRun: infact one of his roomates company has received close to 12mil in funding :)
[05:01]<cjmgrug>so, a startup is anything from 1 man show product to a large group of individuals who have some produts to sell ?
[05:01]<cjmgrug>wow!
[05:01]<awjzdd>i'm also involved in another 'venture' that i will be taking to investors in the next 90 days or so
[05:01]<cjmgrug>products*
[05:01]<jdvgdjgcgd>ooh, get us insider stock prices
[05:01]<jdvgdjgcgd>and then let us sell just prior to going bust
[05:02]<awjzdd>Jivemonkey: hey you can buy some now and then when the business goes foobar i got your money ;)
[05:02]<awjzdd>Jivemonkey: actually i think this idea will work.
[05:02]<jdvgdjgcgd>lol
[05:02]<jdvgdjgcgd>sounds like typical venture capital
[05:02]<awjzdd>Jivemonkey: well I have all the data t oprove it, of course :)
[05:03]<cjmgrug>so, what do VC's look for, when you ask them to consider investing your startup?
[05:03]<jdvgdjgcgd>profitability
[05:03]<awjzdd>CodeRun: they want you to have your ducks in a row.
[05:03]<awjzdd>CodeRun: it also depends on what kind of VC..
[05:03]<jdvgdjgcgd>thats not always true
[05:03]<jdvgdjgcgd>that is
[05:04]<jdvgdjgcgd>some VC's will create a decision making board that rules you
[05:04]<jdvgdjgcgd>some will even retool your management structure with their goons
[05:04]<awjzdd>CodeRun: A/B/C round.. the better VC's won't want as much as your company
[05:04]<jdvgdjgcgd>some eat your babies
[05:04]<jdvgdjgcgd>most eat your babies
[05:05]<awjzdd>yea most eat your babies
[05:05]<cjmgrug>i see
[05:05]<awjzdd>in general, VC's suck, go with angel investors
[05:05]<cjmgrug>lol
[05:05]<jdvgdjgcgd>set up limited partnerships
[05:05]<jdvgdjgcgd>get angel investors and then never call them back
[05:05]<awjzdd>but if you are good enough to get a bigggg VC firm to invest you can come out in a good situation only losing .... circa 30% of your company
[05:05]<jdvgdjgcgd>we got lucky, we started with a huge contract that funded us
[05:06]<cjmgrug>i see..
[05:06]<jdvgdjgcgd>then the money ran out
[05:06]<awjzdd>which means he sucks
[05:06]<awjzdd>;)
[05:06]<jdvgdjgcgd>yes
[05:06]<jdvgdjgcgd>thats what it means
[05:06]<cjmgrug>whoa! man, startups look quite intimidating...
[05:06]<awjzdd>CodeRun: basically yes.... you're gona be poor if you try to go that route
[05:07]<jdvgdjgcgd>at least for a while
[05:07]<jdvgdjgcgd>but when profitability comes...
[05:07]<jdvgdjgcgd>benz's for all!
[05:07]<awjzdd>yea
[05:07]<awjzdd>its quick like that
[05:07]<jdvgdjgcgd>crystal flows like water at company parties
[05:07]<zj2-wzc>its that whole _if_ the profitability comes thing. ;)
[05:07]<jdvgdjgcgd>hot secretaries with special job perks
[05:08]<jdvgdjgcgd>midnight flights to tokyo for saki and hookers
[05:08]<[dam]>erm..
[05:08]<jdvgdjgcgd>cooking the books to increase your bonus
[05:08]<cjmgrug>there are only 2 routes possible.. either work for a company and let them rule you or create a startup and pray everything goes well...are there any other 'routes' ?
[05:08]<jdvgdjgcgd>SEC violation investigation
[05:08]<jdvgdjgcgd>prosecution
[05:08]<jdvgdjgcgd>prison
[05:08]<jdvgdjgcgd>bankruptcy
[05:08]<jdvgdjgcgd>death
[05:08]<jdvgdjgcgd>thats the typical lifecycle of a startup in the tech industry, no?
[05:08]<zj2-wzc>Jivemonkey: sounds like you are about to break into a chorus of the circle of life. ;)
[05:09]<jdvgdjgcgd>the twisted version
[05:09]<jdvgdjgcgd>lol
[05:09]<awjzdd>well
[05:09]<awjzdd>i have nothing else to add
[05:09]<awjzdd>to his list
[05:09]<awjzdd>besides, its all true

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