Honestly, I'd talk about it now. It can really mess things up later if he thought he was going to have a bigger / smaller part than he was. Just make sure you're on the same page, and then you can "make it official" later.

How to start the conversation: "Lets talk about equity really quick before we start so we are both on the same page. I propose X and Y split. What are your thoughts?"

Seems like a really cool feature, however I can't see myself ever actually using it. Whats it for? Like what scenarios are they envisioning me using this for?

Maybe I'm missing something.

I could see using this during a vacation when I'm separated from my spouse for a short time. I'm going shopping for groceries and she takes a short walk, and we can still stay connected, she shows me the landscape and I ask her what she thinks of that cereal. Or me in a shopping center, looking for a new camera/whatever, and she shows me what kind of dress she thinks of buying in a totally different store. These kinds of "still connected, but following our own paths"

I don't know if it's going to be successful. What if I rather be there in person? What if this sort of semi-connection is not compelling and feels like making life one dimension shorter? Who knows, but it's a far cry from useless.

One use case might be concerts: People already call friends so they can listen, this way they could add video too.

I like that use case, but if it works over facebook how do you notify people immediately that this cool thing is happening? Do you text them, saying "check my facebook right now", then wait for them to click the link there to notify you to start broadcasting?

I could be wrong, maybe more people do facebook notifications but I haven't met anyone that has em setup.

Ah, makes sense. But a concert is soo loud and there are so many people bumping into you that you could never get any video quality on your phone that would make me want to watch , and actually enjoy watching. Ever seen a iphone video of a friend showing you their view at a concert? Horrible lol.

Not for me I guess

If you do it better then yeah. There's always room for improvement.

For the copycat thing... Think groupon and living social; both have funding.

I guess I didn't really think of it that way, but that makes sense.

Unfortunately I definitely couldn't pull that type of thing off on my own.

I think there was a message when you clicked through saying that it would be considered late. At least that's what I saw.

There is a link to your application and if you click that it lets you edit your already submitted application (in my case I had done that before the deadline).

I think somewhere in HN I read that you can edit it after deadline as well as long as you submit it once before the deadline.

I agree. They could be making $100 million in revenue a month but if it costs them $95 million to make that then a $21 billion valuation seems crazy on a company that profits $5 million a month.

Complete vanity.

No offense, thinking about it is fun, but we're not exactly accountants; and we're definitely not accountants with access to Groupon's numbers. It "seems crazy" isn't exactly a critical argument.

This kid is my hero...

Yeah they do. Its mentioned in the FAQ I believe.

Not sure about the cold calling, but you may want to do some SEO on some keywords you think the web dev firms would look up regularly.

That way the clients find your business on their own instead of you "forcing" it to them.

I think just because it is an "extremely tough thing to do" doesn't mean that people shouldn't do it. Sure, people who aren't capable of coming up with a brilliant idea shouldn't do it, but those that are exceptional are better off thinking about the next big idea than a small one.

I think its more of a blanket statement to save those who aren't "exceptional" but are just good-very good. If you're good-very good, then yeah stick to the smaller ideas instead of daydreaming about creating the next Microsoft, Apple, Google. Its tough to say, but some people are just better than others. Some people are great. The few that are "great", for the most part, are the ones who will create the next huge thing.

Were microsoft, apple, google thinking they had discovered the next ibm, or yahoo when they were working on their idea?

Or were they just working their idea as best they could? creating a revenue stream as quickly as possible and not worrying about trying to be bigger than the previous biggest.

I don't think any of the recent companies, google, twitter, facebook, thought that they had an idea that could create companies bigger than any previous ones. they were nothing but an idea that had potential and something people could understand and use in fun/new/helpful ways. And a team who could deliver that idea.

The creators of Microsoft, Apple, Google were not daydreaming about it. They were busy doing stuff.

Party of Logic & Reason.

That's what I saw when people ask me what political party I'm for.

It doesn't exist as far as I know.

I think it would take years and years and years to get a political party to assemble unless it was hyper accelerated by the internet in some way.

>unless it was hyper accelerated by the internet in some way.

Isn't that what the Internet is exceptionally well-known for? :-)