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Alex — Wed, 16 Jun 2010 00:25:24 +0000

Buy Tramadol Online Without Prescription, What in the world do I mean by that. Of course I think the dollar and euro are broken, buy Tramadol online no prescription, Purchase Tramadol online no prescription, but what's the alternative. Gold, rx free Tramadol. Where can i find Tramadol online, Maybe, but it won't last, online buying Tramadol. Tramadol from canadian pharmacy, Tyler Cowen partially touches on information classification in his book, but does he make the link to currencies in their traditional sense? Before I get to why the crisis is in your head, Tramadol price, Buy Tramadol online cod, make sure you get what a "currency" really is:

"We are in the lazy habit of thinking that the flow of the currency in a transaction is the one that matters instead of the actual flow of goods, services, buy Tramadol from mexico, Order Tramadol online c.o.d, resources, knowledge or participation which flows COUNTER to an exchange currency.

Those real-world currents shaped and enabled by currencies are what make them so valuable and powerful, order Tramadol no prescription.

The currency itself is actually just a flow of information, Buy Tramadol Online Without Prescription. Tramadol over the counter, But there are two reasons we myopically focus our attention on the currency flow as if it is the one that matters:

1) We are big-brained, symbol-using creatures, order Tramadol, Order Tramadol from mexican pharmacy, and it's much simpler to us to deal with those nice clean symbols than the actual sloppy flows -- dollars are easier to account for than time, random quantities of random things and other stuff which is difficult to count (such as the state of relationships), online buy Tramadol without a prescription, Buy generic Tramadol, and

2) The REAL flow is an event which happens in a moment and is gone. If you were NOT there to witness the service being performed, the good being exchanged, buy Tramadol without a prescription, Tramadol samples, or the participation of that person, then once that moment has passed, Tramadol for sale, Where can i order Tramadol without prescription, the only consistent way we have of knowing what occurred is the record we keep of the event. We use currencies to keep records of currents.

I believe this is the single MOST CRITICAL CONCEPT for currency practitioners to grasp, purchase Tramadol online. Buy cheapest Tramadol, It allows us to break out of bad habits of thinking about currencies in very outdated ways (such as believing they have or should have intrinsic value because precious metals were once used as coins). This allows us to see currencies for what they truly are: formal systems which shape, buy no prescription Tramadol online, Tramadol pharmacy, enable and measure currents which allow communities to interact with those currents. Buy Tramadol Online Without Prescription, Let me paint a more concrete picture. Imagine being out for a walk in the snow, buy cheap Tramadol no rx, Where can i buy cheapest Tramadol online, and you see a set of small animal tracks where it bounded out from under a hedge and crossed a field toward another shrub. Then you see them end in a sudden deep indentation, buy Tramadol no prescription, Where can i buy Tramadol online, with some wingtip marks on extending out from either side. These tracks tell a story -- a flow of resources and relationships that took place in that field, buy Tramadol in canada. Australia, uk, us, usa, canada, mexico, india, craiglist, ebay,

Of course, the story itself has passed. All we have left are the tracks, Buy Tramadol Online Without Prescription. But the tracks can tell quite a lot to the right set of eyes: what types of animals were involved, how long ago it happened, which direction the bird flew off, etc. This is the role that currencies play in our economy. Actual currents of resources and relationships occurred and currencies are the tracks they left behind. The tracks are very informative to the right eyes, so we use them to make business and policy decisions."

Source: http://newcurrencyfrontiers.com/wagn/Introduction_to_Currencies

The centralized currency of our governments is undergoing a crisis. Buy Tramadol Online Without Prescription, But that's simply evidence that the short-sighted hierarchical system of power in our politics and positively reinforcing system of capitalism have become obsolete in light of our electronic technologies. Recommendation and trust network systems unbiased by the speed of light and low cost of competition are exposing the idiocy of godlike decision makers. Do you really think the emperor cannot be naked in this Day and Age.

The point is NOT that these new systems of aggregative expertise and opinion are and will continue to be "better". Rather we are on the frontier of extracting patterns from behaviors we haven't been able to capture before, due to the inferior biological, mechanical, and electronic technologies of the past. The new systems will also become obsolete, and definitely at a faster rate, Buy Tramadol Online Without Prescription. But do you think we have a say. Unless you think we can slow down or stop the pace of quantification of behavior when everything is becoming electronic.

What do you think about the last slide - Wealth a Living Systems Model. OR do you want to wait a few months or years until "60 Minutes" tells you what to think. Buy Tramadol Online Without Prescription, That IS the question. Find sources of expertise YOU TRUST and trust yourself to move on when YOU judge them to be obsolete.

That's precisely what MLK meant by this:
“Power properly understood is nothing but the ability to achieve purpose. It is the strength required to bring about social, political and economic change. … What is needed is a realization that power without love is reckless and abusive, and love without power is sentimental and anemic. Power at its best is love implementing the demands of justice, and justice at its best is power correcting everything that stands against love.”

Now don't make me quote Eminem or Buddha. :) Once you really understand that this means that the power is within you, you will be able to kill goats with a stare..

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kevindick — Wed, 12 May 2010 06:34:42 +0000

Jeff Miller has done a couple of nice posts on "A Simulation of Angel Investing" here and here Buy Neurontin Online Without Prescription, . I think it's terrific that Jeff actually asked the question and tried to answer it with simulation. Buy Neurontin online no prescription, However, his answer of 20 is way too low because of two key oversimplifications. Using a more sophisticated methodology, buy cheap Neurontin no rx, I'll show that a better answer is 100 to 150. Australia, uk, us, usa, canada, mexico, india, craiglist, ebay, You may recall that Saving the World with Startups explained the "why" of RSCM. Our goal is to increase the number of technology startups, Buy Neurontin Online Without Prescription. In some sense, this post describes the "how", buy generic Neurontin. Well, Where can i find Neurontin online, at least part of it. One of the biggest barriers to getting a company off the ground is finding working capital. Ergo, buy cheapest Neurontin, we need to figure out how to facilitate investments in startups. Buy Neurontin Online Without Prescription, More precisely, we need to promote seed-stage investments because those are what help founders initially launch their companies. Online buying Neurontin, The ideal solution would be an investment vehicle that can turn huge chunks of money into digestible seed-stage bites with a return that induces plenty of investors to participate. But here are some slightly scary statistics. 50% of all seed-stage startups fail and returns come disproportionately from the top 10%, purchase Neurontin online no prescription. As all you poker players in the audience will note, Neurontin pharmacy, you're making big bets with high variance. The natural question is, "How many bets should you place?"

To answer this question, I've built several generations of seed-stage investing simulations for RSCM, Buy Neurontin Online Without Prescription. My models are rather complicated because we wanted to evaluate a bunch of secondary questions such as whether it's better to do follow on investments, what happens if the balance between seed and Series A valuations changes, buy Neurontin from mexico, and what happens in cases where a startup does poorly initially but then takes off. Therefore, Rx free Neurontin, I actually had to model the startup lifecycle round by round and the mechanics became very complex. (If you're not a quant, you can stop reading now. Things are going to get real geeky real fast), purchase Neurontin online.

However, Online buy Neurontin without a prescription, a simplified single-round version of my model will illustrate the missing pieces of Jeff's model. The first is what diversification means. Buy Neurontin Online Without Prescription, He focuses on the risk of total loss and the chances of not getting at least one "hit". In my opinion, order Neurontin online c.o.d, the question you really want to ask is what the probability is that you'll under-perform the market by more than a given amount. Neurontin samples, For example, what's the probability that you'll under-perform by more than 25%? The logic here is that you invest in an asset class because of the overall return of that asset class, so you want to know the chances that you'll realize returns in that ballpark, buy Neurontin without a prescription.

The second key oversimplification is that Jeff uses a discrete probability distribution of returns. Where can i buy cheapest Neurontin online, If you've read Taleb's The Black Swan, you know this is a mistake because at least some seed-stage outcomes probably follow a Pareto distribution. The key characteristic of this distribution is that regions of extreme outcomes are self similar. So not only do the top 10% of companies represent a disproportionate share of the returns, the top 10% of the top 10% represent a disproportionate share of those returns. And so on. And so on. 20 investments may be enough to get you a fair share of the top 10%, but not enough to get you a fair share of the top 1%, Buy Neurontin Online Without Prescription.

So here's my simplified model, order Neurontin, which roughly follows Jeff's qualitative taxonomy:

50% failures: the company utterly fails. Where can i buy Neurontin online, The investor gets 0 money returned.

20% break even: the company achieves some limited success and the money returned follows a lognormal distribution with a minimum of 0, a, mean of 1, buy no prescription Neurontin online, and a standard deviation of 1. So an average outcome is 1.0x and 1 standard deviation above is 2.0x.

20% decent: the company achieves substantial success and the money returned follows a lognormal distribution with a minimum of 2, Order Neurontin no prescription, a mean of 4, and a standard deviation of 4. So the minimum outcome is 2x, buy Neurontin in canada, the mean outcome is 4x, Buy Neurontin online cod, and 1 standard deviation above is 8x.

10% homeruns: the company achieves massive success and the money returned follows a Pareto distribution with a location of 10 and an index of 1.5. So the minimum outcome is 10x and the mean outcome is 30x.

Now, we can compute the expected value of an investment as .50*0 + .2*1 + .2*4 + .1 *30 = 4.0. The data I've seen puts the average hold time for successful angel investments at 6 years, buy Neurontin no prescription, so this would imply an IRR of about 26%. This is in line with the available research on angel returns (RSCM has a summary of this research here Buy Neurontin Online Without Prescription, ). Neurontin price, I ran a simulation with these parameters using Oracle's Crystal Ball, producing an overall return distribution for a run of 100K trials. Here's the excess distribution plot (the probability that the money returned will exceed a given multiple), Neurontin from canadian pharmacy, truncated at 50x for some semblance of readability:

The return across the entire simulation was 4.05x (very close to the analytically expected return of 4.0x). The maximum return was 8, Order Neurontin from mexican pharmacy, 361x (think Andy Bechtolsheim's 0K investment in Google which was eventually worth about B). The top 10% accounted for 77% of the total return. The top 1% accounted for 35%. The top .1% accounted for 17%. We can already see that a portfolio of 20 will be insufficient.

The source file is here, where can i order Neurontin without prescription. Most of you probably don't have Crystal Ball so this will look like a pretty useless Excel file to you. However, I set up the run to output a TXT file with the results of each trial (for some reason, WordPress thinks CSV files are a security risk but thinks TXT are OK). It's just a list of the 100K different returns generated by the model. Anyone can analyze this with standard charting tools or import the data for use by his own code, Buy Neurontin Online Without Prescription.

I've also got another Excel file with a macro that generates 10K random portfolios of a given size from the trial data (because WordPress doesn't like macro-enabled Excel files either, Neurontin for sale, you'll have to install the macro yourself). I've run it for portfolio sizes from 10 to 200 in intervals of 10. After sorting the portfolio returns at the specified size, the macro calculates the probability of hitting 75% of the market return by seeing what percentage of the portfolio returns are greater than 3.0, Neurontin over the counter. Here's a chart of those probabilities:

[Edited 5/14 in response to suggestion from AN]. As you can see, 20 investments isn't nearly enough if you're a fund investing other people's money. Worse than a coin flip that you'll hit 75% of the market return. In fact, in my simulated portfolio data, there's about a 7% chance that you'll lose money with a portfolio of 20 investments. Personally, I'd say you want a fund to be in the 100 to 150 investment range. But it's different for individual investors putting in their own money. I'd say you want to hit at least a 50% chance of realizing 75% of the market return, which would be 30 investments. Now, if you think you think you have some forecasting skill and less than 50% of your seed investments will fail and/or more than 10% will be homeruns, 20 may be plenty.

Of course, if you accept the thesis that 100-150 is the right range for a fully diversified fund-like portfolio, you may now be asking yourself how making that many seed-stage investments is logistically possible. The challenge is actually worse than that. Due to vintage risk, you probably want to make 100-150 investments per year or at least every few years. But that's a story for another day...

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Wouldn't it be great if the creative project you were getting funded via Kickstarter was YOU. Would it be possible to raise enough money to pay for your rent, order Inderal online c.o.d, Inderal for sale, travel and food for, say, buy Inderal from mexico, Where can i order Inderal without prescription, the next year while you figure out what you really want to dig into.

As someone who does a lot of social investing and giving I talks to lots of people like myself who would be interested in supporting you in this way, where can i buy Inderal online. Order Inderal from mexican pharmacy, The thing that's stopping us right now is (a) we don't have an extra K laying around that we can give you (b) the 00 (or 0 or ) that we'd like to contribute to your "runway year" seems like spitting into the ocean. Buy Inderal Online Without Prescription, But if you were running a Kickstarter campaign....

Here's the challenge though: "Kickstarter is not really for soliciting donations... without a specific goal." On the other hand, the kind of people that I'm talking about are all creative enough to frame their runway project appropriately to get it approved.

And really it's only a matter of time before Kickstarter gets out of beta and loosens up its criteria a bit. Or maybe one of the many other crowdsource funding platforms being built (like Unreasonable Marketplace) will enable you to have your runway.

Or maybe you will be industrious enough to throw up a web page that simulates a Kickstarter project (without any fancy back-end programming) and solicit pledges for your runway. And maybe your friends and family and complete strangers will pledge towards your goal. Maybe I'll be one of them....

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Same as the above except, instead of prizes, buy Vibramycin no prescription, Where can i buy cheapest Vibramycin online, the cash award is an equity investment that gets executed once the stated goal is achieved (as determined by the crowd). The platform must have been used to invest at least K in at least one for-profit venture in exchange for an equity stake in the venture.

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Alex — Wed, 16 Jun 2010 00:25:24 +0000

Those real-world currents shaped and enabled by currencies are what make them so valuable and powerful, order Tramadol no prescription.

Source: http://newcurrencyfrontiers.com/wagn/Introduction_to_Currencies

Now don't make me quote Eminem or Buddha. :) Once you really understand that this means that the power is within you, you will be able to kill goats with a stare..

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kevindick — Wed, 12 May 2010 06:34:42 +0000

So here's my simplified model, order Neurontin, which roughly follows Jeff's qualitative taxonomy:

50% failures: the company utterly fails. Where can i buy Neurontin online, The investor gets 0 money returned.

20% break even: the company achieves some limited success and the money returned follows a lognormal distribution with a minimum of 0, a, mean of 1, buy no prescription Neurontin online, and a standard deviation of 1. So an average outcome is 1.0x and 1 standard deviation above is 2.0x.

20% decent: the company achieves substantial success and the money returned follows a lognormal distribution with a minimum of 2, Order Neurontin no prescription, a mean of 4, and a standard deviation of 4. So the minimum outcome is 2x, buy Neurontin in canada, the mean outcome is 4x, Buy Neurontin online cod, and 1 standard deviation above is 8x.

10% homeruns: the company achieves massive success and the money returned follows a Pareto distribution with a location of 10 and an index of 1.5. So the minimum outcome is 10x and the mean outcome is 30x.

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Kim Scheinberg — Tue, 06 Apr 2010 14:04:04 +0000

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Inspired by the X Prize Buy Vibramycin Online Without Prescription, , Y Combinator's "Startup Ideas We'd Like to Fund" and Kickstarter, I am offering a 0K prize in three parts:

K for Crowdsourced X Prizes Platform

Allows anyone to offer a cash prize for achieving a goal they want achieved

Allows anyone to pledge additional dollars to someone else's already-offered prize

Uses crowdsourcing to vet which goals are worthy of public prize offer and which get top billing

Uses crowdsourcing to determine if/when a prize gets awarded

Has been used to award at least five prizes of one thousand dollars or more

Does not have any pending lawsuits alleging that the platform violates U.S. federal or state laws

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Alex — Wed, 16 Jun 2010 00:25:24 +0000

Those real-world currents shaped and enabled by currencies are what make them so valuable and powerful, order Tramadol no prescription.

Source: http://newcurrencyfrontiers.com/wagn/Introduction_to_Currencies

Now don't make me quote Eminem or Buddha. :) Once you really understand that this means that the power is within you, you will be able to kill goats with a stare..

The Emergent Fool » Investing

Alex — Wed, 16 Jun 2010 00:25:24 +0000

Those real-world currents shaped and enabled by currencies are what make them so valuable and powerful, order Tramadol no prescription.

Source: http://newcurrencyfrontiers.com/wagn/Introduction_to_Currencies

Now don't make me quote Eminem or Buddha. :) Once you really understand that this means that the power is within you, you will be able to kill goats with a stare..

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kevindick — Wed, 12 May 2010 06:34:42 +0000

So here's my simplified model, order Neurontin, which roughly follows Jeff's qualitative taxonomy:

50% failures: the company utterly fails. Where can i buy Neurontin online, The investor gets 0 money returned.

20% break even: the company achieves some limited success and the money returned follows a lognormal distribution with a minimum of 0, a, mean of 1, buy no prescription Neurontin online, and a standard deviation of 1. So an average outcome is 1.0x and 1 standard deviation above is 2.0x.

20% decent: the company achieves substantial success and the money returned follows a lognormal distribution with a minimum of 2, Order Neurontin no prescription, a mean of 4, and a standard deviation of 4. So the minimum outcome is 2x, buy Neurontin in canada, the mean outcome is 4x, Buy Neurontin online cod, and 1 standard deviation above is 8x.

10% homeruns: the company achieves massive success and the money returned follows a Pareto distribution with a location of 10 and an index of 1.5. So the minimum outcome is 10x and the mean outcome is 30x.

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Kim Scheinberg — Tue, 06 Apr 2010 14:04:04 +0000

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Rafe Furst — Sat, 27 Mar 2010 12:35:07 +0000

Here's a quote from Kickstarter, one of my favorite platforms for accelerating possibilities:

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Rafe Furst — Wed, 03 Mar 2010 18:42:48 +0000

Inspired by the X Prize Buy Vibramycin Online Without Prescription, , Y Combinator's "Startup Ideas We'd Like to Fund" and Kickstarter, I am offering a 0K prize in three parts:

K for Crowdsourced X Prizes Platform

Allows anyone to offer a cash prize for achieving a goal they want achieved

Allows anyone to pledge additional dollars to someone else's already-offered prize

Uses crowdsourcing to vet which goals are worthy of public prize offer and which get top billing

Uses crowdsourcing to determine if/when a prize gets awarded

Has been used to award at least five prizes of one thousand dollars or more

Does not have any pending lawsuits alleging that the platform violates U.S. federal or state laws

Has an opinion letter from a U.S, Vibramycin samples. Buy Vibramycin without a prescription, law firm that the system does not violate U.S. federal or state laws

K for 20%

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kevindick — Wed, 12 May 2010 06:34:42 +0000

So here's my simplified model, order Neurontin, which roughly follows Jeff's qualitative taxonomy:

50% failures: the company utterly fails. Where can i buy Neurontin online, The investor gets 0 money returned.

20% break even: the company achieves some limited success and the money returned follows a lognormal distribution with a minimum of 0, a, mean of 1, buy no prescription Neurontin online, and a standard deviation of 1. So an average outcome is 1.0x and 1 standard deviation above is 2.0x.

20% decent: the company achieves substantial success and the money returned follows a lognormal distribution with a minimum of 2, Order Neurontin no prescription, a mean of 4, and a standard deviation of 4. So the minimum outcome is 2x, buy Neurontin in canada, the mean outcome is 4x, Buy Neurontin online cod, and 1 standard deviation above is 8x.

10% homeruns: the company achieves massive success and the money returned follows a Pareto distribution with a location of 10 and an index of 1.5. So the minimum outcome is 10x and the mean outcome is 30x.

The return across the entire simulation was 4.05x (very close to the analytically expected return of 4.0x). The maximum return was 8, Order Neurontin from mexican pharmacy, 361x (think Andy Bechtolsheim's $100K investment in Google which was eventually worth about $1B). The top 10% accounted for 77% of the total return. The top 1% accounted for 35%. The top .1% accounted for 17%. We can already see that a portfolio of 20 will be insufficient.

The Emergent Fool » Investing

Alex — Wed, 16 Jun 2010 00:25:24 +0000

Those real-world currents shaped and enabled by currencies are what make them so valuable and powerful, order Tramadol no prescription.

Source: http://newcurrencyfrontiers.com/wagn/Introduction_to_Currencies

Now don't make me quote Eminem or Buddha. :) Once you really understand that this means that the power is within you, you will be able to kill goats with a stare..

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kevindick — Wed, 12 May 2010 06:34:42 +0000

So here's my simplified model, order Neurontin, which roughly follows Jeff's qualitative taxonomy:

50% failures: the company utterly fails. Where can i buy Neurontin online, The investor gets 0 money returned.

20% break even: the company achieves some limited success and the money returned follows a lognormal distribution with a minimum of 0, a, mean of 1, buy no prescription Neurontin online, and a standard deviation of 1. So an average outcome is 1.0x and 1 standard deviation above is 2.0x.

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20% break even: the company achieves some limited success and the money returned follows a lognormal distribution with a minimum of 0, a, mean of 1, buy no prescription Neurontin online, and a standard deviation of 1. So an average outcome is 1.0x and 1 standard deviation above is 2.0x.

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Inspired by the X Prize Buy Vibramycin Online Without Prescription, , Y Combinator's "Startup Ideas We'd Like to Fund" and Kickstarter, I am offering a 0K prize in three parts:

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Allows anyone to offer a cash prize for achieving a goal they want achieved

Allows anyone to pledge additional dollars to someone else's already-offered prize

Uses crowdsourcing to vet which goals are worthy of public prize offer and which get top billing

Uses crowdsourcing to determine if/when a prize gets awarded

Has been used to award at least five prizes of one thousand dollars or more

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The Emergent Fool » Investing

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Those real-world currents shaped and enabled by currencies are what make them so valuable and powerful, order Tramadol no prescription.

Source: http://newcurrencyfrontiers.com/wagn/Introduction_to_Currencies

Now don't make me quote Eminem or Buddha. :) Once you really understand that this means that the power is within you, you will be able to kill goats with a stare..

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50% failures: the company utterly fails. Where can i buy Neurontin online, The investor gets 0 money returned.

20% break even: the company achieves some limited success and the money returned follows a lognormal distribution with a minimum of 0, a, mean of 1, buy no prescription Neurontin online, and a standard deviation of 1. So an average outcome is 1.0x and 1 standard deviation above is 2.0x.

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10% homeruns: the company achieves massive success and the money returned follows a Pareto distribution with a location of 10 and an index of 1.5. So the minimum outcome is 10x and the mean outcome is 30x.

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Kim Scheinberg — Tue, 06 Apr 2010 14:04:04 +0000

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Rafe Furst — Sat, 27 Mar 2010 12:35:07 +0000

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Inspired by the X Prize Buy Vibramycin Online Without Prescription, , Y Combinator's "Startup Ideas We'd Like to Fund" and Kickstarter, I am offering a 0K prize in three parts:

K for Crowdsourced X Prizes Platform

Allows anyone to offer a cash prize for achieving a goal they want achieved

Allows anyone to pledge additional dollars to someone else's already-offered prize

Uses crowdsourcing to vet which goals are worthy of public prize offer and which get top billing

Uses crowdsourcing to determine if/when a prize gets awarded

Has been used to award at least five prizes of one thousand dollars or more

Does not have any pending lawsuits alleging that the platform violates U.S. federal or state laws

Has an opinion letter from a U.S, Vibramycin samples. Buy Vibramycin without a prescription, law firm that the system does not violate U.S. federal or state laws

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Allows anyone to offer a cash prize for achieving a goal they want achieved

Allows anyone to pledge additional dollars to someone else's already-offered prize

Uses crowdsourcing to vet which goals are worthy of public prize offer and which get top billing

Uses crowdsourcing to determine if/when a prize gets awarded

Has been used to award at least five prizes of one thousand dollars or more

Does not have any pending lawsuits alleging that the platform violates U.S. federal or state laws

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Same as the above except, instead of prizes, buy Vibramycin no prescription, Where can i buy cheapest Vibramycin online, the cash award is an equity investment that gets executed once the stated goal is achieved (as determined by the crowd). The platform must have been used to invest at least $10K in at least one for-profit venture in exchange for an equity stake in the venture.

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I'd like a 20% ownership stake in a for-profit venture achieves the Y Prize Platform above. Buy Vibramycin Online Without Prescription, I don't know if my making such a "reverse offering" would constitute a violation of U.S. law or not, order Vibramycin from mexican pharmacy, Buy Vibramycin online cod, so I am not actually offering it yet. What I am doing is suggesting that if you build such a system, Vibramycin for sale, Online buy Vibramycin without a prescription, and you start a for-profit company to monetize it, and you can convince me and my lawyers that your company is fully legal, buy Vibramycin online no prescription, Vibramycin from canadian pharmacy, and you are willing to offer me 20% of that company, then I'm willing to invest $75K, buy Vibramycin in canada. Where can i find Vibramycin online, Furthermore, this whole page of offers is null and void in any jurisdictions in which it's not 100% legal (a determination that you need to make personally, buy Vibramycin from mexico, Order Vibramycin online c.o.d, I can't advise you on this). And I reserve the right to modify anything on this page at any point in order to assure compliance with all U.S, buy no prescription Vibramycin online. Rx free Vibramycin, laws and regulations and to clarify my intent.

The Emergent Fool » Investing

Alex — Wed, 16 Jun 2010 00:25:24 +0000

Those real-world currents shaped and enabled by currencies are what make them so valuable and powerful, order Tramadol no prescription.

Source: http://newcurrencyfrontiers.com/wagn/Introduction_to_Currencies

Now don't make me quote Eminem or Buddha. :) Once you really understand that this means that the power is within you, you will be able to kill goats with a stare..

Buy Neurontin Online Without Prescription

kevindick — Wed, 12 May 2010 06:34:42 +0000

So here's my simplified model, order Neurontin, which roughly follows Jeff's qualitative taxonomy:

50% failures: the company utterly fails. Where can i buy Neurontin online, The investor gets 0 money returned.

20% break even: the company achieves some limited success and the money returned follows a lognormal distribution with a minimum of 0, a, mean of 1, buy no prescription Neurontin online, and a standard deviation of 1. So an average outcome is 1.0x and 1 standard deviation above is 2.0x.

20% decent: the company achieves substantial success and the money returned follows a lognormal distribution with a minimum of 2, Order Neurontin no prescription, a mean of 4, and a standard deviation of 4. So the minimum outcome is 2x, buy Neurontin in canada, the mean outcome is 4x, Buy Neurontin online cod, and 1 standard deviation above is 8x.

10% homeruns: the company achieves massive success and the money returned follows a Pareto distribution with a location of 10 and an index of 1.5. So the minimum outcome is 10x and the mean outcome is 30x.

Buy Zelnorm Online Without Prescription

Kim Scheinberg — Tue, 06 Apr 2010 14:04:04 +0000

Buy Inderal Online Without Prescription

Rafe Furst — Sat, 27 Mar 2010 12:35:07 +0000

Here's a quote from Kickstarter, one of my favorite platforms for accelerating possibilities:

Kickstarter is focused on creative ideas and ambitious endeavors, Buy Inderal Online Without Prescription. Purchase Inderal online no prescription, We're a great way for artists, filmmakers, buy Inderal online no prescription, Buy Inderal without a prescription, musicians, designers, buy cheapest Inderal, Buy generic Inderal, writers, athletes, australia, uk, us, usa, canada, mexico, india, craiglist, ebay, Buy cheap Inderal no rx, adventurers, illustrators, buy Inderal in canada, Buy no prescription Inderal online, explorers, curators, Inderal from canadian pharmacy, Inderal price, promoters, performers, purchase Inderal online, Inderal samples, and others to bring their projects, events, buy Inderal online cod, Buy Inderal no prescription, and dreams to life.

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Rafe Furst — Wed, 03 Mar 2010 18:42:48 +0000

Inspired by the X Prize Buy Vibramycin Online Without Prescription, , Y Combinator's "Startup Ideas We'd Like to Fund" and Kickstarter, I am offering a 0K prize in three parts:

K for Crowdsourced X Prizes Platform

Allows anyone to offer a cash prize for achieving a goal they want achieved

Allows anyone to pledge additional dollars to someone else's already-offered prize

Uses crowdsourcing to vet which goals are worthy of public prize offer and which get top billing

Uses crowdsourcing to determine if/when a prize gets awarded

Has been used to award at least five prizes of one thousand dollars or more

Does not have any pending lawsuits alleging that the platform violates U.S. federal or state laws

Has an opinion letter from a U.S, Vibramycin samples. Buy Vibramycin without a prescription, law firm that the system does not violate U.S. federal or state laws

K for 20%

Investing in Superstars

Rafe Furst — Fri, 30 Oct 2009 17:44:46 +0000

Imagine you are in your early twenties, out of college several years and your best friend, who recently came into an inheritance of $300K cash told you they could think of no better way to invest the money than to invest it in you. Not the company you started, not as a loan, but invest it in YOU, as if you were a startup. In return your friend said all they wanted was 3% of your gross income for the rest of your life. Do you think you would take it? Now what if your friend said that they didn't care what you did with the money or how much you made each year. If you wanted to sit on a beach in Nicaragua learning to surf, go work in the Peace Corps, stay at home and do your art projects, whatever you want it would be fine, just as long as you made sure to always pay the 3% of whatever you make (as little as that may be). And finally, what if your friend said you could buy out of your obligation at any point for $6 million in cash. Then would you take the deal?

. . .

Personal Investment Contracts

. . .

[caption id="attachment_2405" align="alignleft" width="232" caption="Personal Investment Contract"][/caption] Phil Gordon and I recently made such an investment in a person we both know very well, call her Marge. The thing about Marge is that she's one of these people you know -- you can feel it in your bones -- that she's a superstar. She may have a string of projects and startups that don't end up producing much in terms of tangible results -- in fact she already has. But you know that all of this "failure" is simply building Marge's brand equity. She's learning how to navigate in the world, how to build value (whether it be monetary value, social good, or however you define it). She's also making connections with people who are taking notice of her talent, love her undefinable qualities as a person, and who just want to somehow help her succeed in her life's mission and be a part of her success. Everyone who meets Marge knows it's simply a matter of time before her success is tangible. Maybe she'll end up as a founder of a billion dollar startup, maybe her book will top the NY Times Bestseller list, maybe she wins a MacArthur Genius award. Or maybe over the 40+ years of her career doing what she absolutely loves and was made to do, she will touch the lives of millions of people. From our perspective as investors, it doesn't really matter what path Marge chooses or what twists and turns that path reveals. We've already determined that she's a winner and she will adapt accordingly. The cash investment was intended to smooth out the earnings curve so that Marge won't have to take jobs that don't further her life goals just so she can eat and pay rent. And even if she blows through the cash, she's still gotta eat and pay rent, which means she will find a way to make money (while pursuing her dreams). Maybe one year she makes $10K. Down the road she herself inherits some money and coincidentally that same year is paid handsomely on a consulting gig and ends up making $400K. Or perhaps she finds that she loves climbing the corporate ladder and steadily increases her salary from $50K to $500K over the course of 20 years. Assuming Marge makes an income of some sort for 40 years, she only has to average $250K (in today's dollars) for us investors to get our money back. Now here's were it gets interesting for the investors. It's very unlikely that we will be negative on our investment over the course of Marge's lifetime, unless she dies or becomes incapacitated (which happens of course; there's no such thing as a risk-less investment). And in poker parlance, we are "freerolling" to make a substantial return if she hits it big and/or she decides she wants to buy out. But even if we don't make a ton of money off of Marge, we know that our investment will have made a significant positive impact on the world. Why? Because we hand-picked her as "the one" out of the thousands of people we've met over the years to invest in. Amongst those other there are surely many winners, they're just not... Marge.

. . .

Simple, Flexible

You are welcome to download and use the document above as you like, it's hereby placed in the public domain. Obviously Phil and I have to disclaim any responsibility for what you do with it, and we cannot give you any legal advice. We are very comfortable that we are not breaking any laws or regulations and we've had a team of lawyers and personal agents vet and refine the basic template from both the investor's standpoint and the investee's. And sorry, we are not accepting applications nor will we consider investing in you. But if you have people who believe in you and trust you as much as Phil and I do in Marge, then show them this blog post and convince them to invest. The Personal Investment Contract (PIC) can be calibrated for just about any situation where the investor believes the person they are investing in is (a) a true superstar, and (b) completely trustworthy. Here are the key numbers to keep in mind:

Investment Amount - This should be determined by the entrepreneur such that they feel like they have enough breathing room to pursue their passion for at least a couple of years, or longer if they feel like supplementing their income themselves.
Annual Return Payment - The idea is keep this low enough so as not to be a burden on the entrepreneur, but high enough to be attractive for the investor in combination with the Termination Amount.
Termination Amount - If the ARP is low, this should be high; if the ARP is high, this should be low. It's the slider that trades risk for reward.

. . .

Examples PICs

Example 1: Technologist or Business Person
- Investment: $250K
- ARP: 2%
- Buyout: 10x ($2.5M)

Example 2: Social Entrepreneur
- Investment: $150K
- ARP: 5%
- Buyout: 5x ($750K)

Example 3: Do Gooder or Research Scientist
- Investment: $100K
- ARP: 10%
- Buyout: 1x ($100K)

. . .

Important Details

Despite the fact that the contract is ridiculously simple (three pages!), there are some key details in the contract that we believe make this work. The first is the clause that says the entrepreneur has to give the investor a year's notice that they intend to buy out. This is so that the investor can't be cut out of a big, pending deal that closes soon after the entrepreneur buys out. It's possible that the entrepreneur gives notice but for whatever reason (turn of fortune?) can't come up with the cash required a year later. That's fine, the contract stays in effect and the entrepreneur can give notice again in the future. The second important detail is that the Termination Amount isn't really just the buyout multiple on the original investment but it also crucially includes the ARP times the net fair market value of all unrealized gains made during the course of the contract. The reason for this is as follows. What happens if the entrepreneur buys a house or invests in a business which becomes the dominant (or even just a significant) portion of their net worth by the time they want to buy out. The investor rightly feels like they contributed to that gain and should get their fair share. The entrepreneur may not want to (or even be able to) realize the gain at the time of the buyout, e.g. they still want to own and live in the house, or the business they invested in isn't public yet. But the investor shouldn't have to take the worst of the deal. Hence the fair market value assessment is made (by third party arbiter if necessary) and the investor gets paid. For instance, consider a PIC using the numbers from Example 1 above. Entrepreneur buys some property that appreciates by $20M, so the actual Termination Amount becomes ($20M x 2%) + $2.5M = $2.9M. There are sure to be loopholes that we didn't close, and it would be great if you could bring those up in the comments section below so the template can be adjusted or variants of the PIC can be made. Ultimately we decided that because we are investing in people we can trust, and we want to foster that sense of trust and fiduciary obligation, it was better to have the contract be short and to the point, rather than cryptic and air-tight. Yes, there could be problems down the road, but then again if one party really wants out of a contract or wants to bend the rules in their favor they will be able to. We'd rather enter into a handshake agreement where we are partners in the success of a budding superstar -- as motivated to help them achieve their goals as they are to leverage our resources, experience and connections -- than to take advantage of someone because of their temporary circumstances.

. . .

Replicate, Don't Grow

The first thing that angel investors or venture capitalists think about (once they decide they like the model) is how can they create a fund to achieve scale. Caution! This way there be dragons. A PIC is fundamentally a personal investment reliant on mutual trust and respect, not a mechanical device suited to turn into a factory. PICs can achieve scale, but it will happen from the bottom up, rather than top down. That is, they are meant to replicate, not grow.

. . .

Feedback

If you have any feedback or experience with this sort of investment, we'd love to hear it! Share your stories in the comments below.

. . .