- Herein lies an apparent distinction between old media and new media ideology. In the late 1980s, I directed a production of the Apple Multimedia Lab's flagship project, the Visual Almanac. I was the guy caught in the middle between a highly motivated and creative group of new media designers and the gregarious but steely professionals at several production facilities. The designers wanted to keep playing and trying new things and the production people wanted solid milestones and deadlines. I finally declared to both groups my observation that, in the film community, it's better to be wrong than flaky and in the computer community, it's better to be flaky than wrong. Incredibly, both parties agreed. They seemed to wear their otherwise demeaning labels with pride.
- The part I thought was hard, the mechanics of investing, really
isn't. You give a startup money and they give you stock. You'll
probably get either preferred stock, which means stock with extra
rights like getting your money back first in a sale, or convertible
debt, which means (on paper) you're lending the company money, and
the debt converts to stock at the next sufficiently big funding
round.
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Posted from Diigo. The rest of my favorite links are here.
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