Bijan Sabet
bijansabet.com · Personal blog · on HN since 2007
Bijan Sabet, a venture capitalist, writes about startups, investing, founders, careers, and technology products.
What HN saysHN commenters link his posts for Jeff Bezos's regret minimization framework, job-hunting advice, and an investor's response to a founder's blunt post.
68HN people shared it
8linked it in comments
85stories submitted
720story points
11 years agolast shared
2007people per year2026
Most-shared posts
- 1Jeff Bezos: Regret Minimization Framework6 people · 146 points · first shared 2009 · 40 comments on HN
- 2Why Facebook Connect Shouldn't Be Your Only Sign-in Option3 people · 157 points · first shared 2012 · 105 comments on HN
- 3Some thoughts about competitive portfolio companies2 people · 3 points · first shared 2011 · discussion on HN
- 4Less and more2 people · 3 points · first shared 2010 · 1 comments on HN
- 5Who took a chance on you?1 people · 128 points · first shared 2013 · 69 comments on HN
- 6In Defense of Selling Out1 people · 44 points · first shared 2013 · 18 comments on HN
- 7Core iOS apps being replaced, one at a time1 people · 43 points · first shared 2012 · 49 comments on HN
- 8Getting employed at a hot startup: the free trial method1 people · 24 points · first shared 2010 · 24 comments on HN
- 9Celebrate the misfits1 people · 15 points · first shared 2010 · 2 comments on HN
- 10Thoughts about my VC life, four years later1 people · 10 points · first shared 2009 · discussion on HN
- 11Bijan Sabet: Techmeme vs Hacker News1 people · 10 points · first shared 2008 · 1 comments on HN
- 12Beware of the complicated deal1 people · 7 points · first shared 2009 · 1 comments on HN
- 13Acquisitions done right1 people · 5 points · first shared 2010 · 1 comments on HN
- 14Is venture capital a lonely job?1 people · 5 points · first shared 2009 · discussion on HN
- 15A friend asked me for advice: startup or big company1 people · 5 points · first shared 2009 · 2 comments on HN
What HN people wrote when they linked it
nwenzel · 2013-11-21
Post author here. That quote was just his shorthand for saying that if he's advising clients or investors, he's billing for that time. He talks to his clients to tell them how to set boundaries for investors and how to best communicate with them.
Check out what Spark Capital is doing to help alleviate this problem: http://bijansabet.com/post/48787521538/picking-up-our-own-tab
But yes, time-based billing sets up an inherent conflict of interest. Flat fee is great when it makes sense. Our company advisor setup a flat fee matter at his prior company to cover any phone calls or emails. No more watching the clock.
harryh · 2011-05-13
It's worth noting that one of his actual investors doesn't look pissed off at all, but is understanding and pleased with Ben's self awareness:
http://bijansabet.com/post/5452994900/but-i-have-zero-experience-or-ex…
chatmasta · 2014-11-06
It's legal. Ignore the people here saying it's "bad karma." What does that even mean? Presumably you'll be working for this company for a few years. You should pick the one you like the most. It's your next couple years, not the company's. They can always extend an offer to the next person in line.
That said, be careful, because there are extenuating circumstances. People do talk, especially in the same industry and city. Still, I highly doubt hiring manager at Y would reneg your offer if he heard from X that you chose Y over X. If anything he'd be happy!
Also note that if you got this job through your school's career network (alumni or otherwise), they may have policies in place that prohibit reneging on offers, and blacklist you if you do. Even then, though, you didn't sign anything.
I'm of the opinion that you should do what's best for yourself. This is your life, and the job will affect its foreseeable future. Make whatever decision you will regret the least in two years.
"If you can project yourself out to age 80 and sort of think, “What will I think at that time?” it gets you away from some of the daily pieces of confusion."
- Jeff Bezos on deciding to leave Wall St to start Amazon [1]
http://bijansabet.com/post/147533511/jeff-bezos-regret-minimization-fr…
hythloday · 2012-11-29
If like me the phrase "regret minimization framework" catches your eye, he goes into it here:
http://bijansabet.com/post/147533511/jeff-bezos-regret-minimization-fr…
previous HN discussion:
http://news.ycombinator.com/item?id=1717824
keithpeter · 2012-11-16
When you have to find 1500 monthly pay checks, I suppose you have to get the money somehow.
http://bijansabet.com/post/35849228202/the-first-photo-the-twitter-tea…
Found via
http://threads2.scripting.com/2012/november/howTechCompaniesGrow
Seems a sensible position to me (old guy, non-coder and won't use twitter or fb).
randomdrake · 2012-02-06
You should re-consider making Facebook your only option for logging in and signing up.
http://bijansabet.com/post/16980728547/why-facebook-connect-shouldnt-b…
And the ensuing discussion, here:
http://news.ycombinator.com/item?id=3548081
Zelphyr · 2012-02-04
Apropos of http://bijansabet.com/post/16980728547/why-facebook-connect-shouldnt-b…
Tying your entire authentication strategy to Facebook Connect or other external authentication system is becoming a major liability to the Internet in my opinion. When all.js is broken, so is much (too much) of the Internet now.
roachsocal · 2010-10-01
Yes I would, I have, and I will.
I always think back to Jeff Bezos's philosophy, which he calls the "Regret Minimization Framework" (see http://bijansabet.com/post/147533511/jeff-bezos-regret-minimization-fr… He basically advises projecting forward to when you're 80 years old. Ask yourself if at that time, would you regret X? This helps you frame your decisions with more of a long term view of your world. Helps you forget about some of the smaller stuff (like financial security).
Also in most cases, you can always go back to your cushy job if needed.