As a regular on AVC.com, a few weeks ago I tuned into Fred’s post and informed community comments on an act that would lower regulations on IPOs under $1 billion dollars.
A year back I had a good time reviewing the financial food chain and how it may affect one’s value system. In that riff I covered a broad range of income levels from minimum wage all the way up to Warren Buffet+ money. This morning I’ll explore why hourly pay dominates the job market, and review perceived limitations which shape today’s earnings structures.
Estimation Theory’s relation to knowledge of Statistical Distributions
This story begins with a comment from sigmaalgebra, an anonymous mathematician and avc regular. I appreciated Sigma’s explanation of theory enough to reproduce it here, because the discussion gets to the heart of estimation theory and it’s relationship with knowledge about statistical distributions.
Joel Spolsky gives a strong case in favor of fairness for early startup equity distribution. Thanks to Fred Wilson for pointing out Joel’s answer. I pickup plenty of great startup advice from the AVC community, and on this particular post more than usual. I’ve extracted a few key points from Joel’s post below, but if you’re interested in startups I suggest you read his entire answer.
“…the numbers just don’t add up”
David M. Walker, Comptroller of the US 1998-2008