Somewhat off topic, but every year or so I check the domain milk.com to see if the owner ever sold it. Just checked again. He's been sitting on it for 17 years now with the following message:<p><a href="http://milk.com/value/" rel="nofollow">http://milk.com/value/</a>
I imagine their first product will be a photo sharing application, that does group messaging, offering deals. Then they'll go on to raise 1 trillion dollars. You heard it here first folks.
Yeh so I am going to go out on a limb and say that this is very risky - I guess the mitigation for the risk is the small amount per angel, but considering that they only raised $1.5M an have 6 people on payroll....that just seems excessive.<p>Should be interesting to see what Kevin comes up with and if he can re-invent another industry.
I am very excited to see what comes out of this shop. In fact I would like to see more entrepreneurs who cashed out the first time, start their own min-idealab.
Well, this will be interesting to see what happens.<p>They have min. 1.5 MM in funding - assuming they are all taking between 75 and 150K salaries, that should be ~24 months of runway -- shrink the salaries back a bit, and expect equipment / development costs and I'd expect thats realistically 12 to 18 months of funding.<p>So far, skull ninjas have produced (3?) projects, two of which seem to be about sharing (locations, and ranked lists)...<p>So we have 3 co-founders on the list, one of which appears to be biz-dev focused, a couple devs and some idea guys.<p>What I want to know though, is what they showed the investors to push them off the cliff to the tune of 1.5MM - divided among 22 people is an average investment of 68K per person, lets assume that the range is 25K++ as a base.<p>That is both a lot of faith in Milk, and a wide spread on the total amount...<p>I certainly hope they come up with something killer, but I just get the feeling that Kevin put a lot of work into getting investment into his own little idea incubator solely based on cult-of-personality and not based on the-next-big-idea, that is awesome, and I know that every geek in the valley would wish to do the same - but lets see what they actually produce.<p>(p.s. Kevin, if you were the Kevin in the wompt chat thread - you should reach to to that kid from MIT)