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The most popular JavaScript links of 2019
#469 — January 3, 2020
Read on the Web
JavaScript Weekly
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The holiday season is rapidly coming to a close and we're looking forward to not only a new year but the entirety of the Roaring Twenties. Rest assured, the JavaScript world is not going to look the same when 2030 turns up so watch this space! 😄
We'll be back as usual next week, but this week we're taking a look back at 2019 and the most popular things you clicked on. If you didn't read every issue in 2019 (we wouldn't expect you to!) you'll hopefully find a few things worth revisiting here.
Thanks for supporting us — we look forward to keeping you up-to-date in the years to come.
— Peter Cooper and the Cooperpress team
📈 Our most popular links of 2019:
1. The TypeScript Tax: A Cost vs Benefit Analysis — As much as we love JavaScript, this was really a strong year for TypeScript, with it seeming to become the de facto way to bring strong typing to JavaScript. Back in January, Eric Elliott asked "is it worth it?" and presented some critical, data-driven analysis to establish its viability. It was your most clicked link of 2019.
Eric Elliott
2. New ES2018 Features Every JavaScript Developer Should Know — We're now looking forward to ES2020 and we've had ES2019 in 2019 too, but this post remains packed with interesting examples of spread properties within object literals, asynchronous iterators and asynchronous iterables, Promise.prototype.finally, and other features that are still not exactly common to see in the wild.
Faraz Kelhini
The Complete ⚛️ React Learning Path — Take your React to the next level to find out what it is fully capable of with this comprehensive learning path.
Frontend Masters sponsor
3. 43 JavaScript Questions, With Their Answers Explained — Whether for fun or a job interview, this remains an interesting set of JavaScript-related questions, complete with explanations of the answers.
Lydia Hallie
4. I Don't Hate Arrow Functions (But..) — Arrow functions (=>), as introduced in ES6, have generally been a much welcomed addition to JavaScript but Kyle Simpson reminded us they’re not suitable in every scenario and created an ESLint plugin to help you keep a handle on their use.
Kyle Simpson
5. Responsible JavaScript: A Three Part Series — We originally only linked to part one of this great series where Jeremy Wagner plotted a course to avoid the unnecessary bloat and inaccessible patterns of modern JavaScript trends.. but now you can enjoy part 2 and part 3 too, where he went into more technical depth on bundling and handling third-party scripts.
Jeremy Wagner
6. What’s New in JavaScript — At this year’s Google I/O ’19, Mathias Bynens and Sathya Gunasekaran of the V8 team gave a fantastic 30 minute ‘state of the union’ talk on the state of JavaScript as a language and what new features are being baked in.
Google I/O video
💻 Jobs
JavaScript Developer at X-Team (Remote) — Work with the world's leading brands, from anywhere. Travel the world while being part of the most energizing community of developers.
X-Team
Senior Software Engineer, Frontend — Use the latest tech to mold an innovative, empathy-centric experience for creators to order fast, high-quality parts (forging space robots to animatronics).
Fictiv
Find a Job Through Vettery — Vettery is completely free for job seekers. Make a profile, name your salary, and connect with hiring managers from top employers.
Vettery
📘 The most popular articles & tutorials of 2019
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The Cost of JavaScript in 2019 — Addy Osmani presented a 2019 update to his Cost of JavaScript in 2018 article in both video and article forms. If you still want to get a feel for where the true bottlenecks are with JavaScript, this is a must read.
Addy Osmani
Should We Rebrand 'JavaScript'? — This thoughpiece provoked quite a bit of discussion in the community over the problems (or not) with ‘JavaScript’ as a name. I think we'll see more on this front in 2020.
Kieran Potts
First Online Mentored Software Bootcamp w/ Job Guarantee — Get a job or your money back with Springboard’s online bootcamp. Benefit from 1:1 mentorship, our exclusive curriculum, and top career coaching.
Springboard (Software Engineering Career Track) sponsor
When Should You Be Using Web Workers? — Web Workers provide a way to run JavaScript in background threads in the browser and you’d think using them as much as possible would be a good thing.. right? Current frameworks make this tough, says Surma, who shows us why we should be working to change this ASAP.
Surma
Practical Ways to Write Better JavaScript — You’re not necessarily going to agree with all of them (e.g. “Use TypeScript”!) but this is a reasonably solid batch of points to think about overall.
Ryland Goldstein
JavaScript Symbols: But Why? — Not played with symbols (a new data type introduced with ES6) yet? This is a gentle way to get up to speed with not only what they are but why you might use them.
Thomas Hunter II
Make 2020 the Year to Master MongoDB. Try Studio 3T Today — Generate driver code for JavaScript, Python, Ruby and more? Build queries fast with our drag & drop editor? Of course.
Studio 3T sponsor
Using Native JavaScript Modules in Production Today — “now, thanks to some recent advances in bundler technology, it’s possible to deploy your production code as ES2015 modules—with both static and dynamic imports—and get better performance than all non-module options currently available.”
Philip Walton
7 Tricks with Resting and Spreading JavaScript Objects — Using modern JS features to merge objects, organize properties, and more.
Joel Thoms
📺 The most popular videos of 2019
▶  Why I Was Wrong About TypeScript — Smells like an opinion-driven talk, but actually covers the history behind compile-to-JS languages, how we got to a point where interest in TypeScript is growing strongly, and why it’s worth taking seriously.
TJ VanToll
▶  Why 0.1 + 0.2 === 0.30000000000000004: Implementing IEEE 754 in JS — Head to your node CLI right now and type in 0.1 + 0.2. If the answer confuses you, this is the video for you. And even if you know why, working with the building blocks behind floating point representations is just cool anyway.
Low Level JavaScript
Video Developer Report - Top Trends in Video Technology 2019
Bitmovin sponsor
▶  Keep Betting on JavaScript — Kyle Simpson presents a history lesson of JavaScript, looks at how a variety of features were (or weren’t) introduced, and compels us to think about the future of the Web and JavaScript as we contribute and ‘place bets’ on technologies.
Kyle Simpson
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▶  A Look at Deno: A New(ish!) JavaScript Runtime — Ryan originally created Node about ten years ago but over the past couple of years he’s been working on Deno, a non-Node compatible, TypeScript-focused runtime with some interesting features. (Note: Poor audio until a few minutes in.) I suspect we'll hear a lot more about this in 2020.
Ryan Dahl
🔧 The most popular code & tool releases of 2019
Svelte 3 Released: Rethinking Reactivity — Svelte is one of the most interesting UI frameworks out there as it’s not scared of taking a unique approach. Rather than running in the browser, Svelte runs at build time, compiling your app into more efficient runtime JavaScript. Svelte 3 took some major steps forward, particularly in helping you write less code.
Rich Harris
Mithril.js 2: A JavaScript Framework for Building Brilliant Applications — Mithril is a really neat alternative to things like Vue, React or Angular. It’s very compact and fast (so ideal for mobile), runs a bit closer to vanilla JS than the alternatives, and is great for tying together vanilla JS libraries rather than needing its own alternatives.
Mithril
RunJS: A JavaScript 'Scratchpad' Tool for the Desktop — Write and run JavaScript instantly. Useful for learning, experimenting, or perhaps even creating screencasts, tweets, or similar educational content. Originally macOS only but now supports Windows and Linux too.
Luke Haas
Pixi.js 5: Create Beautiful 2D Web Experiences — Boasts the ‘fastest, most flexible 2D WebGL renderer’ to let you take advantage of hardware acceleration without getting involved in WebGL or 3D concerns. Check out demos for what the code looks like and what you’d use it for. There’s also a Pixi Playground for quickly crafting your own experiments.
PixiJS
Babylon.js 4.0: The (Very) Powerful WebGL Graphics Engine — Such a significant release that they released a 2 minute video trailer for it! Want to play? Enjoy this editable live demo.
Microsoft
Postwoman: An API Request Builder and Tester — A free alternative to Postman, a popular app for debugging and testing HTTP APIs. Postwoman works in the browser and supports HTTP and WebSocket requests as well as GraphQL. Insomnia is a similar tool if you want to run something as a desktop app.
Liyas Thomas
FlexSearch.js: A Full Text Search Library — Claims to outperform all of the alternatives while supporting features like multi-word matching and phonetic transformations. Happy in both the browser and Node.js.
Nextapps GmbH
Just: A JavaScript Task Library from Microsoft — If you’re familiar with Ruby’s rake, it’s a bit like that. Define tasks in JavaScript, run them with just (which works fine without installation using npx) and you get a bunch of nice features like logging and task composition.
Microsoft
Node-RED 1.0 Released — Node RED is a flow-based, visual programming tool (aimed primarily at hardware automation) that’s built on top of Node.js. Despite only reaching 1.0 in 2019, it’s a mature project used in numerous real world IoT projects.
Nick O'Leary
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Cie’s Year-End Wrap-Up 2018
Image copyright Conger Design
I love the above image. Back in the late 1990s, I went to school for one semester for graphic design but dropped out. I didn't know it at the time, but I had untreated type 2 bipolar disorder, OCD, and borderline personality disorder, three exciting co-morbid conditions which happen to feed each other in ways that are just, shall we say, really special. I wouldn't be properly diagnosed until 2004.
When I think of how many years were wasted mired in shame and stigma because I had no idea in this Universe what was going on with me, I thought I was just an attention-seeking fuckup, it makes me very angry. Granted, some of the tools available to me now simply didn't exist when I was younger. E-commerce was in its infancy in the 1990s. There were no smartphones. 
Hell, even GPS was still in its infancy. (I still have my TomTom Go.) The job I have today could not have existed in the 1990s. Back when dinosaurs and Ronald Reagan roamed the Earth in 1984, I delivered pizzas. Even the TomTom Go was as yet unheard of. How the hell my dyslexic ass didn't get lost more often, I'll never know. When I think of trying to do my job without Waze, it gives me that feeling of waking up with a start after a terrible dream and praising whatever powers there might be that the dream isn't real.
So, I didn't initially come here to talk to you about type 2 bipolar disorder, but now that I've thought about it, I want to talk about it. This is how people tend to think of bipolar disorder, and it's a reasonably accurate depiction of type 1 bipolar disorder.
Image Source
The post that the image comes from is worth reading.
The late Patty Duke had type 1 bipolar disorder. She is a personal heroine of mine. Her book, Call Me Anna, helped me understand better the things that I had gone through and to help me forgive myself for some of the truly awful decisions I made while hypomanic. 
Being diagnosed with type 2 bipolar disorder helped me understand why I had seen some features of bipolar disorder in myself but was convinced that I didn't have it because I'd never experienced a full mania. I tended to go from crushingly depressed to positive and overly functional. I never flew off to Vegas and got married to a guy I barely knew or anything of that nature, although I did convince myself several times that the Universe wanted me to be with guys who raised red flags like nobody's business and who, unsurprisingly, turned out to be horrible and abusive.
When I was hypomanic, I would take on second jobs and be the world's greatest employee that everyone loved until everything came crashing down and everyone ended up thinking I was the world's biggest flake and fuckup. I would be mired in depression which felt like being at the bottom of a dark pit that there was no way out of. 
When I would finally, miraculously, find myself pulled out of that pit, I would admonish myself that from now on I would be positive and productive and would never go back THERE again. When I inevitably went back there again, I would shame and berate myself for being a worthless fuckup.
Click to enlarge. 
This is a fairly standard bipolar disorder screening questionnaire. It tends to miss people with type 2 bipolar disorder.
Was there ever a period of time when I wasn't myself? No. I was always myself, although I often didn't like it very much. 
The late Peter Steele of Type O Negative, who had type 1 bipolar disorder, describes reflecting on occasions following a manic episode where he felt that there was something he could have learned from the time in question if only he could remember it. I never experienced anything like that.
I've never presented as talking extremely fast or seeming particularly hyper. I've never slept well anyway, so the "sleeping less than usual" criteria didn't send up any red flags. The late Julia Lennon described having periods where she wouldn't sleep for a week at a time, and doctors didn't know what was wrong with her. She was institutionalized on several occasions.
I did get involved in ill-advised relationships with abusive guys, but I never flew off to Vegas to do so. I took on multiple jobs and then crashed, often losing all of my jobs. When I was good, I was very very good, and when I was bad I was nonfunctional. 
I speak openly about my mental health struggles because I would be very happy if no-one else ever had to fight the way I've had to fight. I've been told that I should keep my psych problems hidden because people would avoid me if they knew I was one of THEM. I was told I would never find a job if people knew I'd been to a therapist. 
I was also told that I was "just being dramatic," that I needed to "stop seeking attention," that I was "just being lazy," and that I brought all my problems on myself with my "negative thinking." I can tell you that none of these criticisms did a damn thing to help me improve my life or to do anything except hide my problems and hate myself because I was never able to develop any decent coping skills for dealing with them until I was in my middle years. At this point, I'm still cleaning up the messes made by attempting to hide my problems, such as a storage unit full of stuff and a mountain of debt.
We've come a long way when it comes to mental illness in Western society, but we haven't come far enough. There is still a tendency to see people with mental issues as less intelligent or less capable or as loose cannons just waiting to explode and harm others. The truth is, people who live with mental illness are more likely to be victims of violence than to perpetrate violence.
There is a tendency to see jobs such as mine as "lesser" and to believe that the working poor, unemployed, and homeless "deserve" to not have basic amenities or a living wage. This needs to end. Everybody deserves the basic amenities, whether or not they are capable of working a "normal" job or at all.
I heard the term "lazy" so many times that I ended up with a terrible complex about taking breaks or doing things that are purely enjoyable and will never turn a profit. I once read a statement from a counselor which said that the term "lazy" should be replaced with "demotivated," because asking a person why they are so lazy shuts down the conversation and thus any chance of helping the person, whereas asking them why they are feeling demotivated leaves the conversation open and may help create a plan for helping them.
Exploitative shows like "Hoarders" should not exist. Like, at all. Capitalizing on people's illness for entertainment is twisted and barbaric. Hoarding is a subtype of obsessive-compulsive disorder. It is the symptom of malfunction in a certain area of the brain. It is not "laziness." Dealing with hoarding tendencies is exhausting, time-consuming, and life-destroying. People with hoarding tendencies need help from a compassionate professional, not a bunch of lookie-loos seeking schadenfreude at another's expense.
My son is helping me deal with the lifetime of hoarding without help contained in my storage units and the closets and spare rooms of the mobile home that I hope to have in a condition where I can think about selling it by the end of next year. With his help, the storage unit, which is about the size of a one-car garage, is 1/3 of the way clear at this point, and we are hoping to have it entirely clear by June of 2019. 
My late father attempted to "help with cleaning," but his help really only traumatized me and made me feel more ashamed, which didn't lead to me keeping up with the process. My son is understanding when I tell him that I can't deal with a certain item at the moment and we'll need to put it aside. We move on to the next thing. He also suggests creating scrapbooks and art from my vast collection of images from magazines, unlike my father, who told me that "anything that lands on the floor needs to be thrown in the garbage."
My father had piles of papers and magazines all over his house. He had OCD with hoarding tendencies too, but he came from an era when one locked their mental health issues in an attic and never spoke of them. This helped nothing, which is why I have come out of the attic and am speaking openly about my struggles.
For years I refused to make New Year's resolutions because I had learned to equate them with "new you in 52" crap, which really benefits no-one but the billion-dollar diet industry. I refuse to have or promote weight loss as a "health goal." 
I spent 33 years in yo-yo dieting hell trying to hate myself thin. There is no way I'm going to endorse that behavior. I'm going batshit at this point with all the blogs in my sidebar promoting "get paid to lose weight" garbage. You'll never see me promoting these things because dieting inevitably fails for everyone but statistical unicorns.
Diets don't work. Health at Every Size works. If you want to start exercising, increase the amount you're exercising, or eat fewer processed foods, great, but do it for overall health, not for weight loss.
We'll all be a "new you in 52" anyway. We'll have new experiences behind us, and many of our cells will have been replaced by new ones. Don't buy into the "new you in 52" crap. It only leads to frustration. Instead, pursue things that will lead to a more authentic you. 
Your authentic you has nothing to do with a number on the scale or even the amount of money in your bank account. It is the you who is true to themselves, which has nothing to do with looks or status at all.
Best wishes in the coming year,
Cie
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0 notes
Text
Cie's Year-End Wrap-Up 2018
Image copyright Conger Design
I love the above image. Back in the late 1990s, I went to school for one semester for graphic design but dropped out. I didn't know it at the time, but I had untreated type 2 bipolar disorder, OCD, and borderline personality disorder, three exciting co-morbid conditions which happen to feed each other in ways that are just, shall we say, really special. I wouldn't be properly diagnosed until 2004.
When I think of how many years were wasted mired in shame and stigma because I had no idea in this Universe what was going on with me, I thought I was just an attention-seeking fuckup, it makes me very angry. Granted, some of the tools available to me now simply didn't exist when I was younger. E-commerce was in its infancy in the 1990s. There were no smartphones. 
Hell, even GPS was still in its infancy. (I still have my TomTom Go.) The job I have today could not have existed in the 1990s. Back when dinosaurs and Ronald Reagan roamed the Earth in 1984, I delivered pizzas. Even the TomTom Go was as yet unheard of. How the hell my dyslexic ass didn't get lost more often, I'll never know. When I think of trying to do my job without Waze, it gives me that feeling of waking up with a start after a terrible dream and praising whatever powers there might be that the dream isn't real.
So, I didn't initially come here to talk to you about type 2 bipolar disorder, but now that I've thought about it, I want to talk about it. This is how people tend to think of bipolar disorder, and it's a reasonably accurate depiction of type 1 bipolar disorder.
Image Source
The post that the image comes from is worth reading.
The late Patty Duke had type 1 bipolar disorder. She is a personal heroine of mine. Her book, Call Me Anna, helped me understand better the things that I had gone through and to help me forgive myself for some of the truly awful decisions I made while hypomanic. 
Being diagnosed with type 2 bipolar disorder helped me understand why I had seen some features of bipolar disorder in myself but was convinced that I didn't have it because I'd never experienced a full mania. I tended to go from crushingly depressed to positive and overly functional. I never flew off to Vegas and got married to a guy I barely knew or anything of that nature, although I did convince myself several times that the Universe wanted me to be with guys who raised red flags like nobody's business and who, unsurprisingly, turned out to be horrible and abusive.
When I was hypomanic, I would take on second jobs and be the world's greatest employee that everyone loved until everything came crashing down and everyone ended up thinking I was the world's biggest flake and fuckup. I would be mired in depression which felt like being at the bottom of a dark pit that there was no way out of. 
When I would finally, miraculously, find myself pulled out of that pit, I would admonish myself that from now on I would be positive and productive and would never go back THERE again. When I inevitably went back there again, I would shame and berate myself for being a worthless fuckup.
Click to enlarge. 
This is a fairly standard bipolar disorder screening questionnaire. It tends to miss people with type 2 bipolar disorder.
Was there ever a period of time when I wasn't myself? No. I was always myself, although I often didn't like it very much. 
The late Peter Steele of Type O Negative, who had type 1 bipolar disorder, describes reflecting on occasions following a manic episode where he felt that there was something he could have learned from the time in question if only he could remember it. I never experienced anything like that.
I've never presented as talking extremely fast or seeming particularly hyper. I've never slept well anyway, so the "sleeping less than usual" criteria didn't send up any red flags. The late Julia Lennon described having periods where she wouldn't sleep for a week at a time, and doctors didn't know what was wrong with her. She was institutionalized on several occasions.
I did get involved in ill-advised relationships with abusive guys, but I never flew off to Vegas to do so. I took on multiple jobs and then crashed, often losing all of my jobs. When I was good, I was very very good, and when I was bad I was nonfunctional. 
I speak openly about my mental health struggles because I would be very happy if no-one else ever had to fight the way I've had to fight. I've been told that I should keep my psych problems hidden because people would avoid me if they knew I was one of THEM. I was told I would never find a job if people knew I'd been to a therapist. 
I was also told that I was "just being dramatic," that I needed to "stop seeking attention," that I was "just being lazy," and that I brought all my problems on myself with my "negative thinking." I can tell you that none of these criticisms did a damn thing to help me improve my life or to do anything except hide my problems and hate myself because I was never able to develop any decent coping skills for dealing with them until I was in my middle years. At this point, I'm still cleaning up the messes made by attempting to hide my problems, such as a storage unit full of stuff and a mountain of debt.
We've come a long way when it comes to mental illness in Western society, but we haven't come far enough. There is still a tendency to see people with mental issues as less intelligent or less capable or as loose cannons just waiting to explode and harm others. The truth is, people who live with mental illness are more likely to be victims of violence than to perpetrate violence.
There is a tendency to see jobs such as mine as "lesser" and to believe that the working poor, unemployed, and homeless "deserve" to not have basic amenities or a living wage. This needs to end. Everybody deserves the basic amenities, whether or not they are capable of working a "normal" job or at all.
I heard the term "lazy" so many times that I ended up with a terrible complex about taking breaks or doing things that are purely enjoyable and will never turn a profit. I once read a statement from a counselor which said that the term "lazy" should be replaced with "demotivated," because asking a person why they are so lazy shuts down the conversation and thus any chance of helping the person, whereas asking them why they are feeling demotivated leaves the conversation open and may help create a plan for helping them.
Exploitative shows like "Hoarders" should not exist. Like, at all. Capitalizing on people's illness for entertainment is twisted and barbaric. Hoarding is a subtype of obsessive-compulsive disorder. It is the symptom of malfunction in a certain area of the brain. It is not "laziness." Dealing with hoarding tendencies is exhausting, time-consuming, and life-destroying. People with hoarding tendencies need help from a compassionate professional, not a bunch of lookie-loos seeking schadenfreude at another's expense.
My son is helping me deal with the lifetime of hoarding without help contained in my storage units and the closets and spare rooms of the mobile home that I hope to have in a condition where I can think about selling it by the end of next year. With his help, the storage unit, which is about the size of a one-car garage, is 1/3 of the way clear at this point, and we are hoping to have it entirely clear by June of 2019. 
My late father attempted to "help with cleaning," but his help really only traumatized me and made me feel more ashamed, which didn't lead to me keeping up with the process. My son is understanding when I tell him that I can't deal with a certain item at the moment and we'll need to put it aside. We move on to the next thing. He also suggests creating scrapbooks and art from my vast collection of images from magazines, unlike my father, who told me that "anything that lands on the floor needs to be thrown in the garbage."
My father had piles of papers and magazines all over his house. He had OCD with hoarding tendencies too, but he came from an era when one locked their mental health issues in an attic and never spoke of them. This helped nothing, which is why I have come out of the attic and am speaking openly about my struggles.
For years I refused to make New Year's resolutions because I had learned to equate them with "new you in 52" crap, which really benefits no-one but the billion-dollar diet industry. I refuse to have or promote weight loss as a "health goal." 
I spent 33 years in yo-yo dieting hell trying to hate myself thin. There is no way I'm going to endorse that behavior. I'm going batshit at this point with all the blogs in my sidebar promoting "get paid to lose weight" garbage. You'll never see me promoting these things because dieting inevitably fails for everyone but statistical unicorns.
Diets don't work. Health at Every Size works. If you want to start exercising, increase the amount you're exercising, or eat fewer processed foods, great, but do it for overall health, not for weight loss.
We'll all be a "new you in 52" anyway. We'll have new experiences behind us, and many of our cells will have been replaced by new ones. Don't buy into the "new you in 52" crap. It only leads to frustration. Instead, pursue things that will lead to a more authentic you. 
Your authentic you has nothing to do with a number on the scale or even the amount of money in your bank account. It is the you who is true to themselves, which has nothing to do with looks or status at all.
Best wishes in the coming year,
Cie
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topicprinter · 6 years
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This post may be useful for everyone who thinks of their own business idea as well as for beginner VC investors. The ideas that I am going to talk about are taken from a book of Peter Thiel called “Zero to One” as well as from my personal experience.There are no many ways you can get enough funds to start your own company. I do not consider bank loans or support of your relatives here. Also, I assume that there are few people who can afford to run a startup from their own pocket. Said that we can see that there are only 3 ways you can get significant resources to start your IT business:Venture Capital (VC) investmentsAngel investmentsCrowdfundingI treat venture investments and angel investments as almost the same. The only difference is that usually behind a VC there is a group of people, on the other hand, an angel investor is a single person. But crowdfunding is a completely another deal and you can see that it is growing significantly, thanks to cryptocurrencies and ICOs! However, ICOs and crowdfunding is not a part of this presentation, but I will share our experience and knowledge in that area in a separate talk or a blog post. Today we gonna talk about VC investments mostly.Everything Starts With IdeaBut let’s start from the beginning. Everything starts with an idea. And most commonly, it fails at this stage :). As everybody knows, there is a secret behind every great idea - a truth that the majority doesn’t know.One of the questions that Peter Thiel asks startup founders and his new employees is “What important truth do very few people agree with you on?”. It may sound like one of those nonsense questions that HRs ask you on interviews. But there is a deep sense in this question. Most often you will hear something like these:Our educational system is brokenThere is no GodPolitics is a dirty gameBut they are not secrets. These are obvious things or controversial topics for endless argues.And here are some good truths held by famous these days people:Sending paper checks over mail is not convenientCollege students would like to know more about each other through the internetThere is no a bookstore where you can find any book in the worldThe first one, obviously, belongs to PayPal founders. The second one belongs to Mark Zuckerberg. And the last one lies behind the idea of Amazon.It is challenging to think of good secrets that are able to grow into a business because it makes you think of unpopular things. Everybody knows everything you learn at school or college. But startups is an ideal tool to invent break-through technologies and new markets. You can convince a small group of people to follow your truth and try it out. On the other hand, it is more challenging to develop unpopular ideas in big companies, obviously, because the majority of people do not share them.Think Like VCsTo get a venture investment, you need to understand how venture capitalists think. Serial investors understand how to make money and have a good understanding of how the economics works. Moreover, they understand some secrets, that the majority doesn’t know.Are Monopolies Evil?To go further we need to clear up one important thing. Let’s talk about monopolies. Are monopolies evil? You can hear from TV and read in newspapers that governments fight monopolies: they create new laws that restrict monopolies and try to fulfill their markets with competition. Let’s read the definition of “perfect competition” from Investopedia.Perfect competition (opposite of monopoly) is a theoretical market structure in which the following criteria are met:all firms sell an identical productall firms are price takersmarket share has no influence on price;buyers have complete or "perfect" informationfirms can enter or exit the market without costSounds good for us as consumers, huh?But let’s dive a bit deeper and discuss long-term effects of perfect competition and monopolies on an example that everybody knows: Google. Is Google a monopoly? It is a tricky question.Let’s consider Google as a search engine. It owns 70% of the market. When you talk with your friends and mean “search something on the internet” you say “Google”, which is an official term from Oxford dictionary. So, it owns the market completely and its brand name has become an official term for the whole industry. Does that mean that Google is a monopoly in the search engine market? Definitely, yes.A tricky thing about monopolies: they do not call themselves monopolies and hide that. Because people hold negative stereotypes about all monopolies and treat them as something bad. We can consider Google as an advertising company because about 95% of its revenue comes from search advertising. In this case, we see that it holds only 3,5% of the global market, which is not much, in fact. Also, we can treat Google as a technology company and compare its revenue to the global IT market net worth. As you can see, it is a drop in the ocean.Whether Google is a monopoly or not is a controversial question, but almost all their revenue comes from search advertising and about 70% of the search market belongs to them. However, they make a good job on hiding this.Monopolies Are Beneficial In Long TermNow, let’s go a bit deeper and talk about the ways of growth in economics. There are 2 ways of growth in economics: extensive and intensive. Briefly speaking, extensive way leads to a huge number of similar businesses that produce same product. It leads to a “perfect competition market”. On the other hand, extensive development usually caused by new processes or inventions. In the case of IT industry, it usually caused by new technologies.Let’s stop here for a minute and think more. Let’s assume, that you own a business in a competitive market. It means that you run a company that is similar to hundreds of other companies. Also, it means that you fight for survival every day, trying to minimize your expenses and hold your prices competitive. Obviously, it means that you do not have resources to build long-term plans or invest into something new. You won’t be able to make a breakthrough in the technology world. At the same time new technologies lead to extensive development. New technologies matter more from global perspective than “perfect competition”. Only new technologies and extensive development lead to positive changes in our world.And here an interesting conclusion comes: monopolies are more beneficial in long term. Only monopolies have enough resources to invest in new technologies and researches. Only monopolies can afford to pay their employees more and hire top talents. At the same time monopolies are able to earn huge money because they own entire markets.Moreover, from the business perspective, building your business in a competitive market will now allow becoming different from the rest of the market and you can get stuck in competition with minimal profits.Smart Ventures Look For Potential MonopoliesEvery investment is a huge risk because first of all you invest in people and humans are unpredictable creatures. As an investor, when you take this risk, your reward should not be 10x, but 1000x. It is logical, that only monopolies can give you such a growth.I am sure you heard about some crazy investments. For example, there is a startup in Japan that is going to use the moon for advertising purposes. There was a huge hype around them when they raised their first millions. Now I understand the thinking behind such investments. If you are a serial investor and every investment is a huge risk, why won’t you splurge a couple of millions on the idea that can monopolize the moon?But how investors distinguish monopolies among other businesses? Here are monopoly attributes formalized by Peter Thiel.Monopoly businesses usually own a technology that is impossible to replicate easily. Obviously, it creates a barrier for competitors to get into the market. A good example is Google search algorithm which uses machine learning and more than 600 factors to determine search ranking.Network effects make a product more beneficial for customers as more people use it. It is a straightforward one, a good example is Facebook friend list. It creates more value as more of your friends use Facebook.Economies of scale, briefly speaking: it gets stronger as it gets bigger. In our industry it is a common case because the marginal cost of producing another copy of software is 0.Brand. Monopolies create a culture of brand and try to make people associate their brand with the whole industry. Good examples are Apple and Google.Future Cash FlowsApart from the monopoly attributes investors pay a lot of attention to the ability to generate cash flows. Here is a definition of cash flow from Investopedia:Cash flow is the net amount of cash and cash-equivalents moving into and out of a business.An important note here: please don’t mix cash flows with revenue or profit. Here are the definitions:Revenue is the amount of money that a company actually receives during a specific period.Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity.Briefly speaking, a company's revenue is the amount of money that the company receives w/o any deductions or expenses. Profit is the amount that remains after deduction of all expenses. But cash flow is related not only to money, but to its equivalents and also it can be negative, if a company has higher flows moving out of the business.You may not have cash flows already, investors are looking for the ability to generate them in future. Also, please keep in your mind that the majority of IT startups are not profitable first couple of years and become profitable after 3-5 years. So don’t be afraid to reflect negative profitability in your business plan, experienced investors appreciate future cash flows more.DurabilityOne more thing investors pay attention to is durability. It comes from the previous point that IT startups bring profits to their investors after a couple of years. So here a logical question comes up: will your startup be able to survive until it becomes profitable and generates significant cash flows?It is hard to predict, but it is closely connected with your initial idea and market. For example, if your startup is a trendy restaurant, it may be growing only until the trend is alive and most likely it will stuck in competition in long-term.SummaryNow it is time for a quick summary. So, the ideal startup in the eyes of VC investors is a startup that:Owns a unique technology that cannot be reproduced easilyDominates/tends to dominate a small marketAble to scale at a bigger market w/o marginal lossesBrings more profit to consumers as more people use itAble to generate cash flows in futureWill be still relevant a decade from nowI hope now you will better understand how VC investors think and based on this you will be able to evaluate how good your startup idea is.Here is a video talk about Startups that get millions: https://youtu.be/MRWypqucu6gAuthor - Pavel Demeshchik, CEO at datarockets
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Batman - Most Overrated Super Hero
Batman is the most overrated ace maven to hit theaters and rummy books. Batman has gotten much attention and compliment over the years for being one of the coolest super heroes. Whether its his night black costume, his heavyset demanding voice, or even his force of bat themed tools and gadgets, Batman has been regarded as a top super hero for decades. While this may have the appearance _or_ semblance reliable to some, I hear past the initial hyphen that is Batman. I see a weak, power-less man, who requires the assistance of a sidekick. Batman never have had a stroke at being a super hero if he didnt inherit a fortunes worth of money.\nA accepted super hero should be a strong and basal person. They should have at to the lowest degree one super power, such as super strength, the great power to fly, or even rubbery limbs. Additionally, they need to prove that they croupe effectively fight hatred repeatedly. The most important side in being a successful super hero, i s being able to accomplish tasks alone. Batman breaks this central rule by teaming up with a wimpy humble circus kid, Robin, to assist him in fighting evil. Not entirely does this show weakness, but it is improbably pathetic. Batman does not have the possible to fight evil on his own. A neat up superhero unceasingly saves the universe of discourse on their own. Having a sidekick, is a lame vindication to ease the process of true crime fighting.\nEvery true super hero normally readys his or her reputation in an honorable way. Peter Parker, or Spiderman, the web slinging crime fighter, was bit by a strange mutated spider. He utilise the powers he was granted by the spider bite, to venture into the world. He protected citizens from the daily evils and obstacles they argon faced; going verboten of his way and save the world from evil. Tony Stark, the Iron man, used his scientific knowledge and technological expertise to design a powerful suit that could shoot missiles, t o put up off approaching villains. How did Bruce Wayne, the Batman, earn his title as a super hero? He bought and c...
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