The intricacies of venture capital  

Ben Horowitz’s reaction to the reactions:

Despite Instagram’s awesome performance and our monstrous return, a number of articles have come out criticizing us for not making even more money on our investment. Ordinarily, when someone criticizes me for only making 312 times my money, I let the logic of their statement speak for itself.

And the intricacies of venture capital:

After speaking with both entrepreneurs and much internal discussion, we concluded that funding Kevin to compete with Dalton would be a violation of the original implicit commitment we made to Dalton—to not fund competitors to PicPlz. On the other hand, funding Dalton did not violate our implicit agreement with Kevin because he changed his business—we’d funded Burbn not Instagram.

 
18
Kudos
 
18
Kudos

Now read this

Using Twitter Bootstrap with Rails 3.1 and SASS

Twitter’s Bootstrap is a pretty awesome toolkit to kickstart your next web app. But it uses Less. And that’s unfortunate for the Rails community as Sass (SCSS) is pretty much defacto now. So what should we do if we want to use Bootstrap... Continue →