Don’t personally guarantee your startup

Comments

Quoted: Don’t personally guarantee your startup

Based on their literature, Paintbrush provides a $50,000 loan with a very low-friction application and a fast decision. But the total repayment amount can be as much as $75,000, tied to a personal founder guarantee. That means that if your startup doesn’t work, you as a founder are required to pay that amount back at an amount pegged at 15% of your pre-tax income. For example, if your total income was $150,000, you would pay back $22,500 a year. That amounts to around 22% of what your post-tax takehome pay would be before payments like health insurance and rent.

So basically this is all of the downsides of traditional VC with none of the upsides. Yeesh.

In traditional VC, it’s the investors who are taking the risk of funding the company. This scheme is doing none of that and is instead what amounts to a payday loan.

💬 Re: Internal blogging tools

Comments

In reply to: Re: Internal blogging tools

Ben Werdmuller posed a question:

If your company gives its employees a space to blog or journal internally, what platform do you use? What do you think of it?

eg: Confluence has blogs; at Medium they have a whole internal version of the site called Hatch; etc.

Back in the day, Amazon had an internal Movable Type site for internal blogging purposes, although it went mostly unused. When I returned for a couple years in 2012 it was still there although even more completely unused. I posted a couple more entries on it that nobody saw as far as I know.

Nowhere else I’ve worked has had formalized internal blogging (although a couple places had public blogging platforms that were mostly used by marketing folks), although a lot of people certainly would treat Slack as their personal blog.

This moment isn’t about decentralization

Comments

Quoted: This moment isn’t about decentralization

The core need being expressed by millions of users isn’t “get me a decentralized protocol that nobody owns where I can have my choice of algorithms and apps”. It’s “get me a platform that works consistently, with less abuse”. Sometimes it’s also appended with, “where I can build a following for me / my brand / my employer and measure my progress.”

[…]

Many of us have been wanting decentralized social networking for a long time — I’ve been a part of these conversations for around twenty years. It’s tempting to feel like people finally get it. But that’s a trap and a mistake. As always, quite rightly, most people want something that works for them.

Reminder that Usenet has been around since the 80s and was a toxic hellhole even then. Decentralization isn’t the answer to social media problems, it’s just an implementation detail.

Or, as I keep on saying: The problem with Twitter isn’t that it’s centralized, but that it’s Twitter.

💬 Re: TicketAuth support

Comments

In reply to: jamesg on TicketAuth support

Yes, Publ supports TicketAuth for authenticated feed subscriptions. At least in theory. It passes manual testing and I think a couple of folks have implemented test consumers that have been verified to work with it, but I don’t know of anyone who actively follows my blog with a TicketAuth-enabled feed reader.

My feeling with how Microsub would interact with TicketAuth is that the ticket endpoint would be responsible for relaying the bearer token along to the Microsub implementation, perhaps via some sort of credential store, or maybe that the token store would be expressed by the Microsub endpoint. I haven’t super thought it through, mostly because there’s a couple of reasons I’m not a fan of Microsub and if I ever get around to implementing the reader I want to implement I was planning on it just being a fully self-contained application that you happen to sign into using IndieAuth (it could support Microsub as a data store for other reader clients but it’d be intended to be used as its own client as the primary interaction model).

Or I guess another way of looking at it is that the reader I want to build would be a reader UI, Microsub endpoint, and TicketAuth endpoint all in one single integrated implementation, just because it feels easier in terms of how I want stuff to work.

The big security concern with TicketAuth (or any authenticated feed mechanism other than private/individual feed URLs, which has its own set of problems to contend with) is that as soon as anyone has any credentials for a feed that multiple people are subscribed to, you need to make damned sure that you’re retrieving/parsing/storing the feed separately for each credential. It’s for that reason that I haven’t just hacked TicketAuth into Feed-On-Feeds, because its fundamental design would make this rather inconvenient.