"That particular group of people had degrees from great schools like Harvard and Stanford and they had "

" how pointless it is to brag about your degree to a college dropout who's instructed guys with master's degrees and was one of the people who invented and defined the category you got your degree in. What are these people "

" Why are they going to VCs for venture capital to write social networking sites in Ruby on Rails? The whole "

" is the car; Ruby on Rails is the wheels. Using Ruby on Rails to build a VC-backed startup is like putting wheels on a horse. You have to wonder what these VC startup people are even thinking. It's not about the wheels. It's about "

"My most recent foray into the startup world, I met somebody with experience at Overture, obviously a kickass startup that did very well - a ball that Yahoo dropped, but quite a ball until Yahoo dropped it - and they were basically like, we'd like to give you tons of money to work constantly. And I'm like, well, how about a reasonable amount of money to work a reasonable amount of the time? And they're like, no. And then I was like, well, how about a tiny amount of money to work hardly ever? And they're like, no."

"And the funny thing is, they had initially been worried about whether or not they would be able to afford me. I'm like, look, this is how you get me at a discount. But they weren't into that. In the end we had to settle on no money at all for no work at all, which, I have to tell you, was a much better deal for me than it was for them."

"The crazy part? Check this out. This wasn't a startup in the sense of possessing an innovative technology. They had a brand and they were building a social network. They were in essence a social networking site built around an entertainment brand. And a VC had gone "Wow!" because their entertainment brand was good, and then passed them X amount of money and said "Now you need to work constantly!""

" they did, because that's the culture of startups. But it's the culture of startups because when startups are based around "

", time is of the essence. But an entertainment brand's social network isn't based around discovery or innovation. It's based around the network. And social networks aren't about technology, they're about people. The big name in VC-backed social networking startups is Facebook, and that was built in somebody's "

". The VCs came calling as soon as they heard about it, but they heard about it because it was a "

". So if the biggest success in VC-backed social networking was built in somebody's spare time, without any VC help, maybe the whole "

"I mean you have to wonder. Anybody who builds Rails applications
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