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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Jun 5

    In a group chat trying to guess how many millions of dollars a friend’s company is going to be acquired for. He’ll probably make more from that than all of my (or his) ancestors have, combined, ever. And he’s like 30. Do you ever just stop and think about how crazy this all is?

    8:54 PM - 5 Jun 2018
    • 11 Retweets
    • 283 Likes
    • jimnosofisto Frank Calfo Dante O. Cuales, Jr. Russell Schmidt Johannes Heine Ryan Jenkins Jesse Anttila-Hughes Roshan Mirajkar Iger
    20 replies 11 retweets 283 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 Jun 5
        Replying to @AustenAllred

        The optimistic take is that this is, primarily, because people who are alive at this exact moment in time have more opportunity to create more wealth for more people than at any other time in history.

        4 replies 12 retweets 114 likes
      3. Austen Allred‏Verified account @AustenAllred Jun 5
        Replying to @patio11

        Exactly!

        1 reply 0 retweets 9 likes
      4. 1 more reply
      1. New conversation
      2. Brian Breslin‏ @brianbreslin Jun 6
        Replying to @AustenAllred

        Did he raise vc for this biz or bootstrap?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Jun 6
        Replying to @brianbreslin

        No comment

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. New conversation
      2. After Sol‏ @Locus_of_Ctrl Jun 6
        Replying to @AustenAllred

        How do we politely tell Austen to tone down his Twitter persona before unscrupulous people in the media etc come after him and/or his friends?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Jun 6
        Replying to @Locus_of_Ctrl

        Who am I talking about?

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. New conversation
      2. Jeffrey Richman  ⛄️‏ @jcrichman Jun 5
        Replying to @AustenAllred

        It has never been easier for normal individuals to make a huge impact on the world. I think that's amazing.

        1 reply 0 retweets 0 likes
      3. philtor‏ @philtor Jun 5
        Replying to @jcrichman @AustenAllred

        How is it that a huge payout is equivalent to huge impact on the world? Jonas Salk had a huge impact on the world and didn't ask for anything in return.

        1 reply 0 retweets 0 likes
      4. Austen Allred‏Verified account @AustenAllred Jun 5
        Replying to @philtor @jcrichman

        Don’t think anyone said they’re equivalent

        0 replies 0 retweets 1 like
      5. End of conversation
      1. New conversation
      2. Scott Resnick‏ @sjresnick Jun 5
        Replying to @AustenAllred

        Entrepreneurship enables economic empowerment that has never existed until now. I am from Northern Wisconsin. Due to my entrepreneurial endeavor when I was 22 I made the same salary of my father. By 23, I made twice that. My kids will never know economic hardship.

        1 reply 1 retweet 11 likes
      3. Doug Poland‏ @douglaspoland Jun 5
        Replying to @sjresnick @AustenAllred

        You presume too much, Scott. I think the most you can say is that you will try to prevent your kids from experiencing it. But you can only control so much, and your kids and the economy are both beyond your ability to control. Besides, some hardship is not necessarily bad.

        0 replies 0 retweets 7 likes
      4. End of conversation
      1. New conversation
      2. Daniel Sigal‏ @DanielSigal Jun 5
        Replying to @AustenAllred

        Make it interesting. Tell him that whoever in the group chat guesses the closest to the price gets a quarter mil lol

        1 reply 0 retweets 4 likes
      3. Daniel Sigal‏ @DanielSigal Jun 5
        Replying to @DanielSigal @AustenAllred

        And 1 mil if they get the exact figure

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. New conversation
      2. Tim Dysinger‏ @dysinger Jun 5
        Replying to @AustenAllred

        I only hope that I can make it to “Buying a yacht and financially independently cruising (sailing) for life on $3k a month” in the next few years. The bar is pretty low and attainable.

        1 reply 0 retweets 3 likes
      3. blog.bitwrangler.com‏ @kennethmayer Jun 6
        Replying to @dysinger @AustenAllred

        Sounds about right; My budget in 2001 was $300/month living expenses in Mexico, 1,200/year for trips ”home” and $3,000 for annual maintenance (haul outs, repair & replace, etc.) Never really suffered or sacrificed for the life.

        1 reply 0 retweets 3 likes
      4. Tim Dysinger‏ @dysinger Jun 6
        Replying to @kennethmayer @AustenAllred

        It's my dream life. So happy that it's not expensive :)

        1 reply 0 retweets 1 like
      5. Tim Dysinger‏ @dysinger Jun 6
        Replying to @dysinger @kennethmayer @AustenAllred

        Also my stretched $3k a month includes occasional major maintenance, dock fees, hotel for the weekend, panama (!) expenses, imported wine, health insurance, etc

        1 reply 0 retweets 2 likes
      6. blog.bitwrangler.com‏ @kennethmayer Jun 6
        Replying to @dysinger @AustenAllred

        Health insurance is much less of an issue in the more enlightened countries of the world (everywhere else but the US). Most of us had cash in the bank (self-insurance) and then, since we were SCUBA divers, we had DAN travel insurance which covers _a lot_ for cheap

        1 reply 0 retweets 0 likes
      7. Tim Dysinger‏ @dysinger Jun 6
        Replying to @kennethmayer @AustenAllred

        Worldwide insurance coverage is $3k a year for expats. They just don’t cover the USA because we have the most expensive wasteful system in the world (I’m just returning from Thailand where a hospital visit is $60-100)

        0 replies 0 retweets 0 likes
      8. End of conversation

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