Bookmarker is a personal project by @dellsystem to help with retaining reading material. Source on GitHub.

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Levchin: We hit it off really quickly. I have this IQ bias—anybody really smart, I will figure out a way to deal with.

It was very positive. Both of us are really competitive and really—not mistrusting, but not willing to assume that the other guy knows what he's talking about. When we met, we sort of hung out socially, and then one night we had this showdown where we sat around in this café for like 8 hours and traded puzzles to see who could solve puzzles faster—just this nonstop mental beating on each other. I think after that we realized that we each couldn't be total idiots since we could solve puzzles pretty quickly.

lol

—p.15 1. Max Levchin: PayPal (1) by Jessica Livingston 2 months, 2 weeks ago

We started building the product and then started looking around for funding. We went to a number of VCs and many of them turned us down because they were like, "How are you going to make money if you are going to give it away for free? What's the revenue mechanism?" We said we would capture detailed demographic information about people and that detailed quality of information on individuals would help us advertise to them. But of course advertising was not a proven revenue model at that time.

created 1996

—p.18 2. Sabeer Bhatia: Hotmail (17) by Jessica Livingston 2 months, 2 weeks ago

Bhatia: It helped us because we knew what kind of hardware we would need to be able to handle the kind of traffic to our site. Also, when you are hardware designers, you have tremendously more discipline in writing and describing software because in hardware you cannot get it wrong. Every turn of every chip costs you millions of dollars, so when hardware designers design any piece of software, they normally get it right. They use something called state machines to describe the functioning of the software. When you do that, you are very deterministic: if this is the input, then this will be the output.

So you write it in a very deterministic fashion and therefore you tend not to make too many mistakes. Whereas the pure software writers—the way they think and architect software is very creative. They put in lots of bells and whistles, but they think, "No big deal. If there is a bug, we'll fix it. Put in a patch." You can't do that in hardware. There's no patch. Once you ship a chip, it has to work all the time. So in terms of being able to test it out, there is somewhat of a difference, but I just think that hardware designers would be pretty good software designers as well.

i dont fully agree with the last part but he's not wrong in positing a technical limit that does help ensure a certain discipline

—p.21 2. Sabeer Bhatia: Hotmail (17) by Jessica Livingston 2 months, 2 weeks ago

Wozniak: You have to be very diligent. You have to check every little detail. You have to be so careful that you haven't left something out. You have to think harder and deeper than you normally would. It's hard with today's large, huge programs.

I was partly hardware and partly software, but, I'll tell you, I wrote an awful lot of software by hand (I still have the copies that are handwritten), and all of that went into the Apple II. Every byte that went into the Apple II, it had so many different mathematical routines, graphics routines, computer languages, emulators of other machines, ways to slip your code in and out of an emulation mode. It had all these kinds of things and not one bug ever found. Not one bug in the hardware, not one bug in the software. And you just can't find a product like that nowadays. But, you see, I had it so intense in my head, and the reason for that was largely because it was part of me. Everything in there had to be so important to me. This computer was me. And everything had to be as perfect as could be made. And I had a lot going against me because I didn't have a computer to compile my code, my software.

—p.49 3. Steve Wozniak: Apple Computer (31) by Jessica Livingston 2 months, 2 weeks ago

Livingston: What advice would you give to hackers who are thinking about starting a company or making something on their own?

Wozniak: First of all, try to have the highest of ethics and to be open and truthful about things, not hiding. If you have to hide something for company reasons, at least explain what you're doing. Don't mislead people. Know in your heart that you are a good person with good goals because that will carry over to your own self-confidence and your belief in your engineering abilities. Always seek excellence: make your product better than the average person would.

—p.55 3. Steve Wozniak: Apple Computer (31) by Jessica Livingston 2 months, 2 weeks ago

The hardest thing was, though, after having a big success ... see, I didn't seek the success—I wasn't like the entrepreneur who wants it. So the money to me didn't really mean much. Pretty much I gave it all away to charities, to museums, to children's groups, to everything I could. It almost was like an evil to me. That was because it wasn't the motivation that I was after, and I wanted to remain the person that I would have been without Apple. So that's why I went back and did the teaching. I would have done teaching were there no Apple.

love himmm

—p.57 3. Steve Wozniak: Apple Computer (31) by Jessica Livingston 2 months, 2 weeks ago

Wozniak: As a matter of fact, when we went public, I was a little disturbed that five people who had been with us in our little office from the start and had been so important—Randy Wigginton, Chris Espinosa, a couple of young kids, and a couple of older ones, just hadn't gotten any stock. I felt that they were a part of this whole energy and excitement and passion for what computers were going to be and what we were doing and how right it was. If somebody is sitting there working till 2:00 a.m. with you, helping to write a little code, and says, "Wow, that is a cool one," those words mean a lot to you and they deserve something. So I gave each of those five a large amount of stock, probably a million dollars in that day. And that was an early day for a million dollars.

—p.58 3. Steve Wozniak: Apple Computer (31) by Jessica Livingston 2 months, 2 weeks ago

Even though I'm not technical—I was a political science major—your role models at Stanford if you're at all entrepreneurial are tech entrepreneurs. You don't have to look very far and you see buildings with names like Hewlett Packard, etc. There were even classes on this stuff that I started taking.

—p.62 4. Joe Kraus: Excite (61) by Jessica Livingston 2 months, 2 weeks ago

One of the founders was working a part-time job at Oracle, and back in those days, you could take home VT100 terminals to work from home. The way you got them to your car was by going to the supply closet: you took a VT100 and you put it on this $1,000 Herman Miller chair, and you rolled the chair out to your car, put the terminal in your car, and brought the chair back into work. So we thought, "That's a good idea. We could get some VT100s and some chairs all at once." We rolled up a U-Haul and brought down six chairs and six terminals and rolled away.

ha

—p.63 4. Joe Kraus: Excite (61) by Jessica Livingston 2 months, 2 weeks ago

For example, we had this VP of marketing that I worked to get for about 3 months. He was the former VP of marketing at QVC. He called me literally the day before he was supposed to move out to California and said, "I can't do it." I said, "Well, we're going to have dinner tonight, so I'm coming out to New York." I got on a plane and went to New York and sat down with him. And I got really lucky: we're at the restaurant and we were quiet for a second and you could hear people talking about the Net. They were talking about Hotmail and AOL and the Internet boom going on. So I said, "Look, these people aren't talking about home shopping, they're talking about the Internet. So your choice is, 'Do you want to be part of the past or do you want to be part of the future?'"

—p.70 4. Joe Kraus: Excite (61) by Jessica Livingston 2 months, 2 weeks ago