Selection from the Wisdom of Hacker News

  • Inequality of information- find a place where you know something that many undervalue. Having this inequality of information can give you, your first piece of leverage.
  • Be an unrelenting machine- Brick walls are there to show you how bad you want something. Commit to your goals and do not waver from them a one bit regardless of what else is there. I took this approach to losing weight and fitness. I have not missed a single 5k run in over a year. It did not matter if I had not slept for two days, traveling across the country, or whatever else. If your goals is to become a millionaire, you need to be an unrelenting machine that does not let emotions make you give up / stop. You either get it done with 100% commitment or you don't. Be a machine.
  • If it's a "trend", it's too late- This means the barriers to entry are usually too high at this point to have the greatest possible chance of success. Sure you could still make a lot of money in something like the app store or the facebook platform, but the chances are significantly less than they were in the summer of 08 or spring of 2007. You can always revisit past trends though.
  • Look for the accessory ecosystem- iPod/iPhone/iPad case manufacturers are making a fortune. Armormount is also making a killing by making flat panel wall mounts. Woothemes makes millions of dollars a year (and growing) selling Wordpress themes. There are tons of other areas here, but these are the ones that come to mind first. If there's a huge new product/shift, there's usually money to be made in the accessory ecosystem.


Folksonomies: capitalism enterprising entrepreneurial

/business and industrial (0.678810)
/health and fitness (0.408982)
/sports/bobsled (0.405278)

Hacker News Inequality (0.997627 (positive:0.708880)), machine- Brick walls (0.868632 (neutral:0.000000)), greatest possible chance (0.820042 (neutral:0.000000)), huge new product/shift (0.804121 (neutral:0.000000)), iPod/iPhone/iPad case manufacturers (0.796026 (positive:0.726727)), panel wall mounts (0.793701 (negative:-0.643048)), accessory ecosystem (0.633112 (positive:0.237863)), facebook platform (0.598151 (positive:0.348796)), app store (0.597168 (positive:0.348796)), unrelenting machine (0.578269 (neutral:0.000000)), Wordpress themes (0.572249 (positive:0.427430)), goals (0.399323 (negative:-0.228659)), money (0.380686 (positive:0.293330)), leverage (0.377243 (positive:0.432549)), Commit (0.377024 (negative:-0.663534)), millionaire (0.372119 (positive:0.434875)), chances (0.364703 (neutral:0.000000)), tons (0.363168 (positive:0.255542)), emotions (0.360356 (neutral:0.000000)), commitment (0.358643 (neutral:0.000000)), dollars (0.358173 (neutral:0.000000)), barriers (0.356786 (neutral:0.000000)), bit (0.356655 (negative:-0.663534)), Wisdom (0.356408 (positive:0.708880)), millions (0.355957 (neutral:0.000000)), Selection (0.355340 (positive:0.708880)), place (0.355128 (positive:0.708880)), piece (0.355055 (positive:0.432549)), undervalue (0.355004 (positive:0.708880)), trend (0.354575 (neutral:0.000000))

app store:FieldTerminology (0.769787 (positive:0.348796)), facebook:Company (0.721024 (positive:0.348796)), Wordpress:Company (0.678611 (positive:0.427430)), Woothemes:Company (0.671185 (neutral:0.000000)), Armormount:Person (0.663718 (negative:-0.643048)), two days:Quantity (0.663718 (neutral:0.000000)), one bit:Quantity (0.663718 (neutral:0.000000)), 100%:Quantity (0.663718 (neutral:0.000000)), 5k:Quantity (0.663718 (neutral:0.000000))

Facebook (0.935380): website | dbpedia | freebase | yago | crunchbase
American films (0.804184): dbpedia
English-language films (0.720524): dbpedia
Summer of Love (0.673394): dbpedia | freebase | opencyc

 Infinite Monkeys - The Wisdom of Hacker News
Electronic/World Wide Web>Internet Article:  Various, (04/21/2015), Infinite Monkeys - The Wisdom of Hacker News, Retrieved on 2015-04-21
  • Source Material []
  • Folksonomies: capitalism startup enterprising