To put it another way, adding a 1000 rental units in a place like San Francisco at an affordable $200,000 each (as if it were possible) requires two hundred million dollars in funding and would take four or five years for acquisition, entitlement, construction and occupancy under the best of circumstances. Rent them out at $3000 per month and the income is $36,000,000 a year. After ten years or so, assuming that the market doesn't go south, there's the potential for a pretty good return...but those just ain't startup numbers and venture capital timelines.
And that's just a few units in one local market. At scale the amount of capital required is vast.
2. Buy Gold (long term)
3. Buy Bitcoins (long term)
OR (if force to trade in countries longer term)
4. Buy 2017 LEAP Puts on China and Greece.
Sometimes I've done homebrewing. It's something that is reasonable affordable to do at home. There is a strong community aspect to it and at the end you get beer! Plus you can fiddle a lot with different variables.
Gardening is also something I enjoy. Learning about plants and keeping them healthy year round. It is very satisfying to have a harvest of your own plant (I grow a decent sized Tabasco pepper plant.) Though this turns into a more solo task unless you do it in a community garden or something like that.
I cook, I exercise, I play video games (PS4. That's not a computer, right? :P )
But most of the time I'm either at work or at home with my family. If you're looking for something to do I'd encourage you to find some kind of exercise that you truly enjoy no matter what other people think, and try to find some volunteer project you can give yourself to on a regular basis.
I swim-bike-run (not often in the same order except in events).
Strava is the athletes Github :)
Also some light woodworking which is always fun. Building a lot of stuff out of re-claimed wood, pallets etc its a lot of fun.
Mostly computers are my job and my hobby. When I'm not working on mar-tech stuff I like to build PCs, electronics, etc. Right now I'm testing all the USB cables in my house to see which ones are crap.
But most of all when I'm not working I like to hang out with my 4 year old son :) I'm teaching him computers, programming, handyman stuff, riding his bike (just took off training wheels).
Be the best person you can be and try (it's very hard) to stop comparing yourself. How can you be anything more than your best? Do it because its good for you or you enjoy it, not because you are awesome or not awesome at it.
- Snowboarding (adrenaline rush)
- Racing (again adrenaline rush)
That said, in order perform in both sports, you have to be fit, which means running/gym on a regular basis.
 My car is a Lotus S2, 175 bhp. with various additions (exhaust, quickshift, etc.). I wouldn't change that car for anything.
Snowboarding, although I've been doing it for so long I'm bored of it.
Backcountry camping and canoeing is fun, whitewater kayaking and fishing.
What you will find is that they pay GBP 20k+ for an X-Ray machine that connects via USB Dongle to an old Windows machine... really old.
You'll also find that all of their equipment is old copies of Windows, in dusty long-unsupported equipment.
Sell a service, that virtualises all of this and that you manage. Charge them GBP 250 per month for it, on top of any capital expenditure up to GBP 3k for the host server (probably on-site as a Dentist shouldn't go down when an internet connection goes down).
Now go round the other dentists in the area and repeat until you have 20 dentists on-board.
You now have GBP 5k per month in residual income, for hardware that will take minimal effort to support, and for images of Windows taken from existing machines that are now backed-up.
The lesson here: You're probably looking for some complex and advanced solution that you can automate to great fortune!... but actually there's a lot of money just begging to be given to people who solve the simplest stuff in fields where the computing skill is very very low but the expectations of computing and value from it is very high.
Your profit exists in that space. No-one is doing the simple stuff in those fields.
Other ideas: Beauty/Hair Salon booking systems that work inside the hairdresser and whose web and automated phone system actually works too (Twilio + Google Apps (for Calendar and Google Contacts) + a website will do this with medium effort - it's a small integration project).
The other lesson here: It's not doing stuff that is hard, but selling it.
For example, setup your online store and buy your Facebook ad campaign for teen girls, and try to sell them the Justin Beiber case that you could potentially order from China. When they go through the order process, inform them it's 'out of stock', and flag a potential sale in your database. Now, analyze the numbers, look at how much your ad campaign costed, how many potential sales you generated, how much it would cost to order those actual cases from China, how much it would cost to ship them, etc, and see if the business makes sense. If so, start with a small batch of inventory as you said, you'll get more experience with the entire process, any hidden costs or time involved you overlooked, and go from there.
-read everything @patio11 has ever written. Use your brain and research ability to understand his wisdom. Ignore this advice at your own peril.
-start high end markets first. Better margins, better customers.
-think about what products suck! Talk to affluent friends, ask them that question. If you don't have affluent friends, go make them. Your life and this endeavor will be amazing if you do. Trust me on this. Just make sure they're good people. If you can't tell the difference, that's your side job. Learn how to tell the difference.
-bite your tongue. I'm serious, literally bite it. Listen to what ppl are telling you--it could be your next product! Biting your tongue is like a phones mute button. You should be using both to become a much better listener. I started an interruption/swearing jar with my fianc to break myself of those habits faster. It's tough but super rewarding.
-learn sales. Frank bettger (how I raised myself from failure to success in selling). Dale Carnegie (how to win friends and influence people).
-improve yourself. Sleep 8-9 hours. If you use an alarm clock you're doing life wrong :D, diet (quality and quantity. Whole > processed * 1000. no sugar.) exercise. Move fast, lift heavy things. Sign up for Charlie Hoehn's anti anxiety course. Assuming you're a guy, check out The Mating Grounds and Helping Joe. They'll help you improve your life immeasurably. Sign up for talk therapy. If strapped for cash, group therapy is very effective and inexpensive.
-pay attention to the world around you. The problems to solve will present themselves.
-Don't force anything. It'll hurt to get the round peg into the square hole, and you might lose a finger in the process. NB: Your finger is your happiness.
-cut out negative people, but don't create a Hooli yes-man echo chamber.
-watch randy Pausch - the last lecture. And Randy Pausch - time management.
-email if you need help! I'm an extremely generous person.
If there was a sure fire way to generate $5k profit monthly, everyone would do it, and then it would not be profitable anymore. That's just basic market equilibrium.
If you really just want some ideas, don't use the "sure-fire" language.
- "Justin Beiber case" => warning: you can't use people (or pictures or cartoon or...) images like that... and the rights can be pretty high
- "$1 cases for ~$10" => didn't you forget taxes, delivery, lost,... business is not: sell $10 - buy $1 = profit $9
Well... I think you should take a look at the business side
In my opinion the case market is pretty saturated, and it's a hit or a miss about whether you get anywhere with it, or just lose your money. You say with targeted FB ads you can do it, but you need to get one customer for every $9 you spend, that's not a lot.
If you're looking to start a business, I'd highly suggest building/selling something that you can sell for much higher than $10. More in the region of $100 - $500. The plus side of this if you need to make fewer sales to reach your target.
You have skills that could make you an extra $5k a month and more, that would be much easier than peddling cheap phone cases. Take on additional consulting project for example?
Or optionally, follow the advice of many financial bloggers and simply cut your outgoings to prevent the living paycheck-to-paycheck situation.
Build websites for a couple dozen clients. Charge hosting fees and maintenance each month to keep sites live.
Marking up AWS hosting to $50 / mth and charging some hourly here and there at $100 / hr adds up quickly.
"Entrepreneurial spirit" is abut identifying a problem that people have and providing a solution it, and then building a sustainable business around that solution. It's not just cobbling together something so you can cash in.
Even though the case market is saturated, with targeted ads I'm thinking it would be possible.
The first thing you should do is research the cost of those adverts. Highly targeted adverts are valuable, and consequently they're expensive. I wouldn't be surprised if an ad targeting young women with an interest in Justin Beiber on Facebook will cost upwards of $2 each time someone clicks, so you'll be needing a to get upwards of a 20% conversion ratio just to cover the $10 you're planning to charge, and that's before any other costs. That's not a sustainable business.
You could either resell / drop ship, or (better IMO) partner with the merchants, maybe on a commision basis? (no upfront cost for them, recurring revenue for you).
You need an edge, I do not think your skills in making a modern website are enough of an edge (when eBay and Amazon already make purchasing very easy) when it comes to selling products.
If you do not have an edge you need to find a rising tide (from rising tide lifts all boats). At this stage Justin Bieber or phone cases are not a rising tide.
Let me give you an example of an edge:
In 2000 before the first internet bubble popped my Japanese-American friend made $3k net monthly selling hentai DVD boxes on Yahoo Japan.
How did he do it? I hooked him up with a distributor in Florida who was dumping a large quantity of $49.95 retail price 3DVD hentai boxes for $7-8ea if taken in quantity 100+.
My friend sold them for $90 each on Yahoo Japan and he sold about one a day.
So why did this arbitrage work so well?
Because of 2-punch, my access to the liquidator and my friend's access to Yahoo Japan and realization that $90 for average hentai series without pixelation would be a good deal in Japan (surely breaking a few decency laws in Japan).
It was the realization that the Japanese release of the DVD was censored and the American was not was what gave the extra pricing power.
By comparison my US based anime store sold only a few copies at $20-30 in US because it was a very average series.
So theoretically my Japanese friend could have made money even buying at American retail and selling in Japan albeit the risks would have been greater.
I think Yahoo Japan cracked down on this and also the low price DVDs also dissappeared.
Another story: There was a kid from Australia here on HN a few years ago who made very good money in mid 2005-6 selling imitation iPods (buying wholesale in China) on eBay. He was not misrepresenting them as iPods but people though they were. Eventually Apple enforcement got stronger + Chinese sellers started selling them themselves and the business dried up.
His edge was the rising boat of people still clamoring for iPods pre smart phones + average buyers confusion that iPod was not a generic term.
This is Economics 101 whenever there is a huge value capture, there will be new entrants in the market.
The darker side is tha often the value capture comes from breaking a law somewhere. You need to ask yourself whether you can live with this.
Another major challenge is the hundreds of devices and colors that exist and that you will have to stock in order to fullfil the orders on a timely manner.
Finding reliable suppliers is also a challenge, I've had a few experiences with chinese suppliers that I've found on Alibaba and they weren't the best. Inconsistent product quality, incorrect models\amounts shipped, lack of proper invoicing which made me have some issues with customs along with additional fees.
I tried some targeted ads with several groups, but it didn't help.
The wording is unclear--I had to re-read your title to understand that when I entered the thread.
Put 3 million in an stock market index fund. In most years you will get at least a 2% increase, which is $60K (or $5K a month).
Getting the initial capital for this is easier said than done.
I don't know how to contact you directly, so maybe you can drop me an email. My email address is: my HN username at yahoo dot com.
At some point you will realise that the notion there's a "sure-fire way to $5K" is completely absurd.
Some random notes on your idea anyway:
- No-one buys from independent websites, only Amazon, eBay, etsy etc
- You will get no traffic to your website
- Phone cases are a commodity, there is no chance you can charge higher than Amazon
- Buying Facebook traffic to sell $10 items doesn't work economically
- Justin Beiber will close down your website with cease and desist
- You will end up with a 1000 cases that you can't even sell for 99c
- The real money is in value-added high-price items, or in selling services
You are asking a pretty daft question. There is no sure-fire way of making a residual income
If you're talking about spending $5K/month in costs to run your business, and then presumably on top of that the value of the time that you and your friends are putting in, then you need way more than $5K/month in revenues to make a significant profit.
If it was that easy, everyone would be doing it. Unfortunately, as others have said, a lot of the assumptions implicit in your post are wildly unrealistic.
The startup stuff has been covered quite extensively here in other threads.
Getting Rich: from Zero to Hero in One Blog Posthttp://www.mrmoneymustache.com/2013/02/22/getting-rich-from-...
I recommend not thinking about stock options until you have an offer on the table that includes them.
Why don't you just declare your list, say, x, as having type (List Any) where Any is the most general type? (car x) would then have type Any at compile time (i.e you don't know its type), so you can't take its square root or cons it onto a list of type (List Int), but you could still print it or cons it onto another list of type (List Any).
(List Any) then has to be distinct from (List ?x) where ?x is an undetermined type. If y is of type (List ?x) and your function contains (sqrt (car y)), you can infer that ?x is a numeric type and y is a list containing only that type of elements.
Most lisps, and certainly common lisp, do not depend on type inference for correct behavior in any way, as they are fundamentally strongly but dynamically typed (like Python). The reason for type inference in Lisps is generally for optimization, where knowing that an array is of type X lets you compile X-specific code for functions that take arrays of type X, and to allow efficient memory layout, where your array is made up of contiguous X objects, rather than storing an array of pointers to X objects, and all the cache missing and so on that this causes (as well as overhead of allocating space for the pointers). Just for completeness, I am saying that in the absence of type information, arrays are always actually arrays of pointers.
So lists are always made up of cons cells which contain pointers, so one optimization is out regardless (it is possible that primative types like int or float would be packed into the cons cell itself, but most implementations would achieve this by some kind of bit tagging rather than type information being 'known'). The other optimization is out because it would likely be equivalent to do dispatch via the usual method for untyped objects rather than trying to do somehow use the type information.
SMLNJ and other Hindley-Milner based type inferring languages are good at inferring tuples at compile time so there's probably a little prior art.
data Cons a b = Nil | ConsCell a b cons = ConsCell car Nil = error car (ConsCell a b) = a cdr Nil = error cdr (ConsCell a b) = b mylist = cons 'a' $ cons True $ cons "hello" Nil mylist :: Cons Char (Cons Bool (Cons [Char] (Cons a b)))
What? (quote (x y z)) is a constant expression denoting the value (x y z). We know statically that its car is x, of symbol type.
Observationally some traits are more straightforward. Skin color, IQ and and height give us an unweighted average as the expected value for the offspring, with the height of either parent setting bounds on the variance. But that isn't news if your service can be replaced by SAT scores and simply taking a look in the mirror.
It's a good idea though.
* Make your (genetic data) available to algorithms to use as criteria within a dating app for people looking to meet someone that they might want to have children with.
* Similar but use it for helping women find sperm donors (although it wouldn't surprise me if this already exists.)
I suspect it's a big chuck of change as they got $4 million from Google back in the beginning.
They do have long legal coat tails, so it might be indeed available business real estate for the intrepid.
23andMe can probably easily pivot to this area, but that hasn't stopped competitors in other fields that were dominated at the time. Plus this area is still pretty young and the market still has a lot of room for growth.
About a year and a half ago I mentioned Autopest in an HN thread titled "Ask HN: How to start earning $500/month in passive income in next 12-18 months?" Since then, it keeps getting featured in Reddit and Quora lists for "best growth hacking tools" and "best sales hacks," and I've also seen it popup on sites like Inc.com and LifeHacker.
I guess Autopest isn't technically passive in the sense that every few months I code a new feature or two based on user feedback, but I also go months without touching it, and more people just keep signing up.
P.S. Here's the original HN thread... some good links to other passive income projects as well: https://news.ycombinator.com/item?id=8246255
W3Counter is completely passive -- no new code or features in over a year, no customer support load, autoscaling frontend (EC2) and backend (Aurora). Improvely gets feature updates a few times a year and has some light e-mail support load.
I also added a single banner ad to each of my open source projects' documentation sites, and that's added ~$200/month via AdSense. Developers are surprisingly lucrative targets for advertisers I guess.
Sells a couple Kindle copies per week. In terms of actual income, it's negligible. The feedback has been unanimously positive, so my problem is to get it in the hands of as many people as I can. Therefore, if you want the epub/mobi files, just message me (see bio) and I'll be happy to send them :)
Total earnings: 7.35EUR in total from Google Ads
I created it as an alternative to the many printing services that require a dedicated app. OttoPost doesn't require an app since it just searches for your new Instagram photos and prints automatically (that's configurable).
Not exactly world-changing, but definitely something hands-off at this point and better than nothing :)
Decent income in 4 figures, but I didn't do it for the money (it took me hundreds of hours from start to finish). However it's a great feeling when you go out for dinner, check your email, and a new purchase essentially pays for dinner right then and there :P.
Although at the moment it is far from passive (probably spend more time on it than my full time job), but it can be left alone for a little while and still generate income.
Netted me enough income to pay for the data center hosting and a few starbucks coffees per month for myself.
It's not much, but it essentially gives me a free dev area with a ton of computing power for me to roam free.
-Adsense/Lifestreetmedia on my Pirates FB app (Adsense: $29 this month. Lifestreetmedia: $47 this month) http://greenrobot.com/pirates
-Mopub, Inmobi and Facebook ads on my iOS and Android apps ($14 from Mopub this month)
I've been working on an Appointment Reminder clone for a year now in my home country Austria. I will about break even in 2015, but will have an MRR of ~1500 in 2016, with low ongoing costs.
So I reckon that in 2016 I can have a pretty passive income (working 5-10hrs/week) of 2000+ per month. Not that I will work that little because I obviously still want to grow my income. And I also need to add that I've been earning considerably less in the past 3.5 years than I would have if I had stayed employed as a software engineer.
Oh, and then there's the Android app that makes about 15 per month ^^
Started it in September and started selling before the watches were made. They're still in production and will be finished soon.
Wouldn't maybe call it "passive income", but the sales keep coming through WOM. (http://gardannewatches.com)
It nets a tiny amount of revenue per month, I'm using it as a testing ground to keep my coding skills sharp, learn meteor and as a case study for growth hacking/product Dev
I run it off a couple of digital ocean droplets at around $10/month
It never made the splash I had hoped; but it's staying power was lots more than any of my previous books and it still gets a bunch of downloads each month.
The series also works great as a way to convinced consulting clients I have the chops to build applications for them.
For those that want to check out the books at the lowest tier; they are pay what you want--even if it is nothing. You can use the code 'hackernews' to get 50% off the higher tiers--I think the real value of the series is in the screencasts.
I'm told the Angular pieces will work independently of the Flex parts.
It might be several hours to fix, retest and update documentation for even a small platform change, so just keeping up with platform changes can be significant effort if you work a full-time job, have children, other commitments etc.
The good news for me is that changes at work are affording me the opportunity to escape some process and re-open some of my side-projects again.
Total income this year: about 5 Bitcoins http://ecogex.com/logos/
At no point do I expect people to blindly follow my advice. I expect questions, and I expect people to try to reasonably understand my answers, and if they can't, to ask more questions.
They should at the very least give some rationale to all their decisions/advices. With a design decision it might be hard to produce metrics and data on the spot, but they should be able to quickly draw on the whiteboard the overall architecture, with some pros and cons.
And this probably something you should do with less senior people.
North Korea has laws. It is also a sovereign state under international law.
Vigilantes trying to hack ISIS probably just end up getting on NSA controlled honeypots.
It's a yearly competition and teams build a robot to compete. That robot is usually pretty big (3x3 ft. at the base, usually?). There's a kit of parts that includes a board, and the programming environment is mostly pre-configured for you.
Next year's build season kicks off early January. The stuff these kids can build in a month is pretty amazing.
I was frustrated by the lack of affordable, expandable walking robots, so I've been working on one of my own
Not for sale yet, but I'm starting to run workshops locally and the plan is to crowdfund in the early spring with a target price of about 70/$100. It'll work standalone but can hold a Raspberry Pi or Arduino for expandability.
I think legged/armed robots can be a lot more engaging than buggy robots, and open up some interesting avenues for creating motions and thinking about multi degree-of-freedom limbs, but things like Robosapian are just toys, and the $400 hobby robots can get boring quickly (e.g. adding a camera is difficult).
If you have access to a 3D printer there are some interesting open source robot projects at the moment - for example Poppy: https://www.poppy-project.org/ for which you can start by just building a torso
The other thing about robotics is that you really need a goal, otherwise people lose interest. The HBRC started the table top challenge which was good for a variety of reasons, 1) it was approachable, 2) it needed only a table top to work, and 3) it had enough complexity (in stages) to keep people challenged. DPRG created a number of challenges as well that were similarly staged.
So first ascertain which of the three disciplines they are most likely to be successful at. And start there. Parallax offers a number of good kits which are easy to program and the Makershed has the Arduino based robots.
Second come up with a goal, an objective that you seek to accomplish. Working toward that will give you the feeling of accomplishment you need to stay interested and feel like you are going somewhere.
Third, decide on your budget and set your scale appropriately. For low budget robotics you can build robots using converted servos for motors that roll around on tables, but for higher budgets you might want to build "Magellen" robots which can navigate around outdoors. If you really want to burn money quickly I suggest starting a battlebots team :-).
If you must spend money on hardware, buy them desktop upgrades, more memory or the fastest processor that'll fit in the socket (may need to upgrade BIOS first...) or a top of the line graphics card.
I think turtles are easy to program, they're in LUA and are a step above blockly type stuff. I kinda like the LUA APIs, they're not ridiculous or anything. They're simple enough that you'll get a chance to build useful larger functions / subroutines.
At least its cheap. If they throw up their hands in frustration at programming their own tunnel mining program, at least you'll find out soon and it'll be cheap. Start with building a robot smart enough to build stairs all the way down to bedrock. Extend to have it place actual stair steps and torches for light, etc.
Note that there's a subtle difference between a future-EE-teen who thinks programming robots is cool and a future-EE-teen who thinks robot hardware is cool (like motor H-bridges and gray code position encoders and sensors and generally melting solder). Obviously the latter is not going to find modded minecraft amusing. There is also the "competition robot" set which usually isn't programmable but amounts to homemade RC cars, you specifically don't want that, just mentioning it as something to look out for and avoid in the market.
I produce Mirobot which is designed to teach kids about everything from the engineering aspects of how it's built to programming it using a number of different methods. It's a drawing robot so you can also use it to learn about geometry and maths.
It's all open source and easy to program because it connects via WiFi which means it can all be controlled via WebSockets in your browser. There are a bunch of apps (http://apps.mirobot.io) which include some drag and drop type apps but also an app to program it with JS. But because it's all just async JSON over WebSockets (or raw sockets) you can program it in any program you like really.
It's Arduino compatible which also means you can dig in at that level too.
Check it out if you're interested: http://mirobot.io (15% off with code: XMAS15)
ROS is great as the code you write for one robot can be used on another one fairly easily. It's also gaining pretty large traction in industry with companies. I find that Raspberry Pi/Arduino route more geared towards hardware. I tried that route myself and lost interest fairly quickly.
If you have any questions, feel free to email me (profile). :)
Register, and use this link to add ebooks to your personal library. I've added several books about Arduino and e.g. Python. You have to login each day, and the book can only be claimed that one day. You don't know what book will be free tomorrow, and yesterday's book is gone.
It's really simple and straightforward construction, but it's also really expandable, and really standardized. The main system board is basically an Arduino with a bunch of additional parts like the motor controllers pre-included. You can drop in XBees for wireless control or what-have you, add Arduino shields, etc. The drive system is a very cheap, standard Tamiya kit as well, so it's very easy to repair/replace damaged parts.
And it's an Arduino, which means you have a programming platform that's pretty simple and exploding in popularity right now.
It lets you add on much more advanced tools to lego robotics by way of arduinos.
Edit: I also want to add that bricktronics is open source!
Check out https://www.pololu.com/product/2510
Vex is definitely the highest quality stuff, you can program in C, and they have tons of competitions using this gear to get involved in.
It really sparked my interest in CS. I'm not saying it's the best thing out there, but there certainly is no bullshit GUI...
You can request an invite here: https://devopschat.co/
Android tools, paradigms and platform-imposed choices are just ridiculous. People who have done this for a long time will be defensive because they got used to that mess.
Tl;Dr : It is 2015 and the only decent mobile platform to code on has basically no users.
2). IDE Questions are 99% of the time IntelliJ questions which have been asked a million times. Sometimes, it is a known bug in AS, submit feedback and it gets fixed in the next update usually.
3). Yes you can.
4). That I agree, Android is fragmented, mostly due to OEMs touching the original source in places where it shouldn't be touched. At least since L, the state has been getting better.
5). What? Really? /r/androiddev, AndroidChat.co, Android Arsenal, #android-dev .... there is so many channels to discover news and libraries one easily gets oversaturated.
I will say that the IDE/Environment are first class, however.
If you wanted to get fancy, you could even write a little script that lets you rebuild on change.
Compared to Eclipse?
So, yes, it can be hard. Not sure about the pay in defense- you can be one of three people that know something, but with the way contracting goes I'm not sure it matters. Companies bid, supply some more or less random collection of resumes to 'prove' they have the skill set, somebody wins, they slap the cheapest people they can on the project, and so on. If you price yourself high the bid will have to be high, and the bean counters in Washington aren't going to recognize that you are the precious snowflake you know you really are ;) Probably the far better route there is as a contractor/consultant - they seemed to command arbitrarily big fees.
Sorry to hear about the rejection. If fb/google/goldman sachs/blackstone/kkr hires a stanford mba, instead of you, it has nothing to do with you being a latino. It has everything to do with the fact that you are not a harvard/stanford MBA. If you were a harvard/stanford latino mba, they would have hired you.
Tech/VC/HB/PE/IB elite companies look for elite credentials. That's how the American system works: lack of 'culture fit'.
What is 'culture fit'? You can answer it negatively.
1. You don't have an elite mba (harvard/stanford)2. You don't have an elite undergard (hyp, s, etc)3. You don't have an elite job pedigree (you haven't worked for McKinsey, BCG, GS, etc)4. You don't have elite genes (you are not a kid of a billionaire/senator/president/dictator of Pakistan/etc)5. you are not a wealthy white (you are not a Rockefeller)
You can add many more to the list.
There was a time Stanford MBAs wanted to work for PE firms like Blackstone, KKR, etc. Now Facebook product mgmt roles attracting/recruting Stanford MBA's tells a story about how the valley has changed over the time: more routes are closed for ordinary mortals, esp if you don't want to be a programmer.
This problem is much more about class than race.
White people from poor backgrounds have the same kind of experience all the time. This is the way many companies founded by upper class people operate.
The good news is that there are plenty of meritocratic companies, or at least teams inside companies, that aren't fooled much by elite credentials. You just have to work harder than those other people to prove yourself.
Silicon Valley won't be truly diverse until more companies are founded by people from poor backgrounds. Almost all of the current ones were founded by the most elite.
At least in engineering there is a right answer. I've never been rejected from an engineering position where I aced all the questions with clean code, and designed all the systems robustly (of course, this is rare, it's when you don't get everything correct that the subjective judgment in engineering interviews comes into play).
I am sorry to hear you didn't get the job. Did FB give you any concrete feedback as to why they passed? There may be several factors at play here. Was it your salary requirements? How was your interactions with the group during your onsite? etc..
I am sure Facebook is looking to diversify their workforce so be more objective and look pass race (I know it is hard but try) for concrete answers as to why you didn't get the job.
(that - or maybe another business whose goal was to organize the world's information like Google - I've always like the idea of someone trying to build a new search engine today).
Personalized Health Care - I'd love to work at a company that helps people be rid of diseases for an affordable cost. Ideally, we'd make big bets on understanding the genetic makeup of individuals and create drugs/therapies based on that make up. This would probably combine some interests of mine such as supercomputing, machine/deep learning, biotechnology, and a modern healthcare system to achieve this.
"Moonshot" Infrastructure - This is sort of similar to the Hyperloop stuff in a way. I think I'd really like to be part of a company that helps build the vision of what we thought it would be like when we grew up. Not necessarily flying cars but modernized & rapid transportation systems, incredible carbon-neutral buildings, robotics, etc.
Seems like my theme would be build the future I thought we'd have. Any company that contributes in a substantial way to progressing us towards something better than we had today, something meaningful, something memorable.
When you reach a level of mental illness, you are no longer able to work anymore and nobody trusts you to do any work.
I'd like to work for a company that develops a neurochip to treat or cure mental ilnesses so mentally ill people can go back to work. A neurochip that can filter out negative thoughts and improve memory. A neurochip that can download information off the Internet and store it in your memory so that you learn faster. I figure just implant it in the frontal lobe using the lobotomy method to access the frontal lobe to avoid a surgery. But once installed it can't be removed or upgraded without causing damage. So it has to be perfected first, and any upgrades will have to be software based.
It should have Internet access to send emails and social networking using your thoughts into words. It should interface with your optic nerve system to display text and images in your vision. Even correct your vision if you have eyesight problems.
Yeah you'll basically be a cyborg, but psyche medicine doesn't work too well and turns most people into drowsy zombies, a neurochip would be the next step in treating or curing mental illnesses.
Pricing at $1.00/month means that new customers + retained customers - non-collections = 200, $10.00/month means 20, $100.00/month means 2, and $2400/year means just one.
It's harder to acquire 200 customers than 20. It's harder to retain them. It's more work to process their payments and more costly due to per transaction fees. The channels that are used to reach such customers have to be lower cost and generally that equates with noisy -- think of app discovery for $1.00 apps in the appstores -- and $1.00 services are always directly competing with free.
I was going to say "web hosting/email", but then I realized that I wouldn't really trust a $1.00/month web hosting or email provider because at that price it doesn't suggest a sustainable business, and if it goes under after eighteen months, the pain isn't going to be worth the cost savings.
Pricing is signaling.
For example: Anne, 27 Sep 2005.
Then, it emails me a month before with relevant gift suggestions from e-commerce retailers for female age 10.
For Christmas, I get a long list of everyone.
You could probably make the $1 off the affiliation links. However, I would like it to be multiple e-commerce sites, not just Amazon.
Bonus pts if it could sync up with my accounts to not recommend things I've already seen, but not required. More bonus pts if it could use my ratings for smarter recommendations.
Seems ideal to test out without writing any software -- just research and collect a list of 5-6 items and type up an email in MailChimp :)
I might pay for that to send out an email revoking my PGP key in the event of my death.
I help people on Twitter and instagram and YouTube.
Might be cool for following anyone you're a fan of on multiple platforms.
I would pay $1/month if you give me each month 10 ideas that I could build in a weekend with the potential of making $1k/month.
There are a bunch of other reasons, like a preference for STEM graduates, abuse of the Visa program by big companies and more. They are all equally depressing to iterate through.
The easiest path to immigrate to the US legally is to find a good job in your home country in a company that has offices in the US, work there for at least a year and ask to relocate under the L1A/B Visa.
I went through several different Visas so feel free to ask me questions.
The US system is mindlessly, hopelessly complicated.
Here's a potential solution-- apply for permanent residency status (Green Card), then apply for a work permit (EAD) while your application is be processed > https://www.us-immigration.com/blog/applying-for-a-work-perm...
If you need a sponsor, go to the local Greek Orthodox Church-- ask who they might know that works in software. You will be amazed how well connected the Greek-American network is.
That being said: do a lot of googling on H1B and read this thread https://news.ycombinator.com/item?id=5150810
One of my clients (i cover technical aspects) is well known sex and relationship therapist with large following and connections.
There might be an opportunity here.