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In December 1996, while I was still a student in the Master of SoftwareEngineering program at Carnegie Mellon, I got bit hard by the entrepreneurial bug. Towards the end of my OPT (mid 1998) is when the H1-B visa cap issue hit. I always knew that I would someday start my own company. In a startup cash is king.
A startup is more like Typo Keyboards, which recently engaged ISBX as its softwareengineering team to help it grow rapidly enough to fill an urgent market demand for Apple’s iPhone 6 buyers. Although a plumbing company may be new but it can’t be considered a startup because it is not designed to grow fast.
It even penciled for Google in 1998, and it still worked well enough that Facebook chose to establish its headquarters in Palo Alto, California, in 2004. And there’s another reason, also technology-driven, why boundaryless teams are possible now — the democratization of education for softwareengineers.
He argued that softwareengineers don’t finish what they start, and that you’re better off paying a technical person than partnering with one. Michael’s second problem comes from holding softwareengineers to an unprecedented standard of business savviness: Most softwareengineers aren’t business people.
How about Venezuela funds from 1998? Get ready to have to start paying your softwareengineers even more so they can afford to live. That probably won't have a positive effect on venture capital returns. I mean, think about it--how well do you think those late 1930's German venture capital vintages did?
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