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Comment Thanks for everything Rob! (Score 1) 1521

Many years ago, I ran a site called Half-Empty. It was an exciting time, I was in college, and had hacked together this site (letting my grades suffer in the process) as a way for people to share stories and vote on them. It was kind of like a ghetto version of Digg, where the users posted content not links.

One of the biggest thrills for me ever was when I sent an e-mail to /. about its initial launch and made it onto the front page. My dorm room was Slashdotted, I pulled RAM out of my roommates computers and threw it into my little server, which somehow survived. I knew it was inevitable my cable connection would be cut off so I sent an SOS out for anyone who would be willing to host the site for free, I was a poor college student, and Krellis from DynDNS stepped in. Half-Empty grew for a few years and became a large part of my life and many others. I owe the experience entirely to that initial Slashdotting, which gave the site the momentum it needed to stay alive. I regret not keeping the site up; it was a victim of a hard drive crash and I was enough of an amateur at the time to not have been making regular backups.

So, thanks again Rob. Good luck, and be proud of all you've accomplished with Slashdot. Cheers!

Comment Re:Good luck with IP if working with the Chinese (Score 5, Informative) 262

This generally isn't true. A VC will get preferred stock and as such in a liquidation event they will be able to recover their money before anyone else can. (So if you take on 1M in funding, sell the company for 500K, you're right, you get nothing and they lose 500K). I'm guessing this is what you're thinking of.

If you sell the company for 2M and they put in 1M, they get their 1M back and the rest of the pie can be sliced up in different ways depending on the term sheet. (Google participating preferred stock cap)

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