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Wall Street Oasis » Blogs » Edmundo Braverman's blog
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Kid Squats at AOL, Starts Company
 

Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,399
 
Points)
 on 5/29/12 at 7:45am
aol_offices.jpg

This is a story that is making the rounds around the start-up community and I thought you guys would enjoy it. duffmt6 tipped me off to it a few days ago and now it's gaining some steam on the Twittersphere.

19-year old high school graduate Eric Simons is not a big fan of school. Rather than go to college, he set out to start a company that would revolutionize the way lessons were taught in school. So far it sounds like just another dreamer turned entrepreneur about to get slapped in the face by reality.

However, after crashing on his buddies couches for several months, Simons was accepted into Imagine K12, a Silicon Valley incubator focused on education companies, which happened to be housed on the AOL campus in Palo Alto. The program lasted four months and he received $20,000 in seed capital, but the time and money eventually ran out. Rather than drop back and punt, Simons just kept coming to work. He discovered that AOL didn't turn off his security badge when the program ended, so he lived on the AOL campus for the next two months until he was caught by security.

When I say he lived on the campus, I mean he lived on the campus. He slept on couches in people's offices, he showered at the gym, he ate the free food, the whole shebang. The first month he squatted he spent a total of $30. All the while he continued building his start-up ClassConnect. And his gamble paid off. Even after being caught, he was far enough along in the process to score another $50,000 in venture capital, and now the product is taking off.

My life's motto has always been Audentes Fortuna Iuvat, which is Latin for "Fortune favors the brave". It can also be translated as fortune favors the audacious, which fits this kid to a tee. Sometimes you have to color outside the lines to be successful.

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Tags:
  • incubator
  • entrepreneur
  • aol

Comments

wannabeaballer's picture

Man, it is good to be young.

wannabeaballer
      O
 
(Senior Orangutan, 455
 
Points)
 on 5/29/12 at 8:01am

Man, it is good to be young. If your only responsibility is yourself, you can live on-campus Rudy style, but when you start getting into your late 20's, you'll get locked up. I'm glad this guy was able to continue his venture, I hope it works well. I spent 11 years in arguably the best public school system in the country (fairfax county), went to a private for my senior year of high school, and saw firsthand the general waste of time and opportunity that public school students face. I really hope that there can be a change in the way public schools are taught. Silicon Valley can provide half of the solution, but the other half needs to come from the school districts. Teachers need to be creative, and teach creativity.

Gun Control Discussion

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RGE's picture

wannabeaballer: Man, it is

RGE
      IB
 
(Orangutan, 315
 
Points)
 on 5/29/12 at 8:06am
wannabeaballer:

Man, it is good to be young. If your only responsibility is yourself, you can live on-campus Rudy style, but when you start getting into your late 20's, you'll get locked up. I'm glad this guy was able to continue his venture, I hope it works well. I spent 11 years in arguably the best public school system in the country (fairfax county), went to a private for my senior year of high school, and saw firsthand the general waste of time and opportunity that public school students face. I really hope that there can be a change in the way public schools are taught. Silicon Valley can provide half of the solution, but the other half needs to come from the school districts. Teachers need to be creative, and teach creativity.

The other half of the solution needs to come from PARENTS not mom OR dad, but both working together and certainly not a school district, which has already failed because of corruption and stupidity and has no incentive or desire to try anything truly beneficial. (Run on sentence, see how the schools failed).

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West Coast rainmaker's picture

Fantastic, good for him.

West Coast rainmaker
      ER
 
 
(Neanderthal, 2,092
 
Points)
 on 5/29/12 at 8:10am

Fantastic, good for him. Peter Thiel needs to get in touch with this kid; he is the perfect poster child for self education.

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Unforseen's picture

My mom once fell asleep on a

Unforseen
     
 
 
(King Kong, 1,099
 
Points)
 on 5/29/12 at 8:18am

My mom once fell asleep on a bean bag of an incubator...drunk.

Check out my Blog

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MissNG's picture

We should all be so lucky to

MissNG
      O
 
(Senior Baboon, 190
 
Points)
 on 5/29/12 at 8:22am

We should all be so lucky to care that much about something. Good for him.

"Dont compromise yourself; you're all you've got" - Janis Joplin

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IlliniProgrammer's picture

Now AOL is going to claim

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 8:41am

Now AOL is going to claim ownership of the intellectual property and the business given that it was developed with its computers on its campus using its resources.

Work hard, play hard.

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Human's picture

Silicon Valley's version of

Human
      PE
 
 
(King Kong, 1,891
 
Points)
 on 5/29/12 at 8:44am

Silicon Valley's version of "Pursuit of Happiness".

"I am the hero of the story. I don't need to be saved."

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RGE's picture

IlliniProgrammer: Now AOL is

RGE
      IB
 
(Orangutan, 315
 
Points)
 on 5/29/12 at 9:08am
IlliniProgrammer:

Now AOL is going to claim ownership of the intellectual property and the business given that it was developed with its computers on its campus using its resources.

I think it can be argued that he developed his idea after the duration of the incubator program and therefore he is not subject to any employment or independent contractor like agreements. Hopefully, he used his own laptop so they can't steal his idea.

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IlliniProgrammer's picture

He developed it on AOL

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 9:15am

He developed it on AOL property using AOL resources, so most IPAs would cover that, regardless of his current employer.

Your NDA, IPA, non-compete, non-disparagement, etc rules extend AFTER you leave the firm. This would actually be a fairly clear-cut case from what I have seen as a technologist.

A.) He signed the IPA.
B.) The IPA included any work he did on company premises using company resources.
C.) He spent 24/7 on company premises while developing the product.

This kid's success is great news for AOL, and great news for this kid, too. He will be getting an $80K/year office job without a college degree, and AOL will be making millions off of the business.

Work hard, play hard.

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RGE's picture

IlliniProgrammer: He

RGE
      IB
 
(Orangutan, 315
 
Points)
 on 5/29/12 at 9:42am
IlliniProgrammer:

He developed it on AOL property using AOL resources, so most IPAs would cover that, regardless of his current employer.

Your NDA, IPA, non-compete, non-disparagement, etc rules extend AFTER you leave the firm. This would actually be a fairly clear-cut case from what I have seen as a technologist.

A.) He signed the IPA.
B.) The IPA included any work he did on company premises using company resources.
C.) He spent 24/7 on company premises while developing the product.

This kid's success is great news for AOL, and great news for this kid, too. He will be getting an $80K/year office job without a college degree, and AOL will be making millions off of the business.

Yeah, but what consideration was lawfully offered by AOL (not what he stole) after the duration of the incubator program to be considered a legitimate written or implied-in-law contract that can be enforceable?

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IlliniProgrammer's picture

Housing, firm resources. The

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 9:51am

Housing, firm resources. The kid could have never done this startup without AOL. The fact that he knowingly and willingly chose to use those resources, whether or not they were stolen, gives AOL claim over all of them under most IPAs.

I mean, the alternative you are suggesting is for AOL to send this kid to jail for burglary. He broke into the building, he stole computer time, paper, food, etc for an entire month and the business was the result. It's the fruit of what he stole from AOL, so it belongs to AOL anyways. Either way, the kid is going to wind up with an $80-200K/year job running this business for AOL, and AOL will wind up with the business.

Work hard, play hard.

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RGE's picture

IlliniProgrammer: Housing,

RGE
      IB
 
(Orangutan, 315
 
Points)
 on 5/29/12 at 9:54am
IlliniProgrammer:

Housing, firm resources. The kid could have never done this startup without AOL. The fact that he knowingly and willingly chose to use those resources, whether or not they were stolen, gives AOL claim over all of them under most IPAs.

It's really that simple.

If your an investor do you bail now and count your losses or play your cards?

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IlliniProgrammer's picture

You find a good lawyer and

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 9:59am

You find a good lawyer and have him reach out to AOL's General Counsel and try to settle this.

If they're in a really good mood and you've got a brilliant lawyer, they might give you some upside. If they're not bastards, they'll probably buy you out for your original investment amount. Partly to avoid the legal hassle, partly because your investment probably covered expenses they would normally have had to cover, anyways. Then you listen to your lawyer's advice.

IP was part of the DD you *should* have done when you invested, so it's your own darn fault you missed that AOL effectively has a call option on the business.

Work hard, play hard.

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RGE's picture

IlliniProgrammer: You find a

RGE
      IB
 
(Orangutan, 315
 
Points)
 on 5/29/12 at 10:01am
IlliniProgrammer:

You find a good lawyer and have him reach out to AOL's General Counsel.

If they're not bastards, they'll probably buy you out for your original investment amount. Partly to avoid the legal hassle, partly because your investment probably covered expenses they would normally have had to cover.

Then you listen to your lawyer's advice.

Lol.

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UFOinsider's picture

wannabeaballer: The other

UFOinsider
      O
 
(Human, 10,348
 
Points)
 on 5/29/12 at 10:17am
wannabeaballer:

The other half of the solution needs to come from PARENTS not mom OR dad, but both working together

Honestly....THIS. I've been through public, Catholic, private, homeschool, seminary, and self instruction...and the one variable that really made a difference is having stability at home and having parents that encouraged (/enforced) studying. When that breaks, down, it doesn't matter what school the kid goes to, they're not motivated/disciplined.

Dude, this kid is the definition of the word committment, I wish him all the best luck.

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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IlliniProgrammer's picture

But seriously, as an

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 10:09am
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Work hard, play hard.

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Aimez's picture

Saw this yesterday. Good on

Aimez
      CO
 
(Orangutan, 291
 
Points)
 on 5/29/12 at 10:24am
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Petite Lap Giraffe's picture

Human: Silicon Valley's

Petite Lap Giraffe
     
 
(Monkey, 34
 
Points)
 on 5/29/12 at 11:00am

No pain, no pain.

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Edmundo Braverman's picture

IlliniProgrammer: RE:

Edmundo Braverman
      ST
 
 
(Human, 14,399
 
Points)
 on 5/29/12 at 11:08am

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DrizzyDrake's picture

who else thought squat meant

DrizzyDrake
     
 
(Senior Chimp, 26
 
Points)
 on 5/29/12 at 11:08am
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IlliniProgrammer's picture

Edmundo Braverman: Jesus, IP,

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 11:21am

Work hard, play hard.

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UFOinsider's picture

What contract did he sign

UFOinsider
      O
 
(Human, 10,348
 
Points)
 on 5/29/12 at 11:30am

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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protectedclass's picture

They own HuffPo now, they

protectedclass
     
 
(Senior Orangutan, 375
 
Points)
 on 5/29/12 at 11:42am
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GoodBread's picture

Love it.

GoodBread
      AM
 
 
(Neanderthal, 3,604
 
Points)
 on 5/29/12 at 11:47am

Financial Modeling Training
Guide to Finance Interviews

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IlliniProgrammer's picture

Whenever an F500 gives money

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 11:50am

Work hard, play hard.

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monkeyc's picture

he wasn't an employee he was

monkeyc
     
 
(Orangutan, 340
 
Points)
 on 5/29/12 at 12:14pm
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UFOinsider's picture

I forgot that huffpost owns

UFOinsider
      O
 
(Human, 10,348
 
Points)
 on 5/29/12 at 12:20pm

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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IlliniProgrammer's picture

Then again AOL also has

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 12:21pm

Work hard, play hard.

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Edmundo Braverman's picture

Actually, IP, I think you're

Edmundo Braverman
      ST
 
 
(Human, 14,399
 
Points)
 on 5/29/12 at 12:28pm

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Edmundo Braverman's picture

Sergey Aleynikov? C'mon man,

Edmundo Braverman
      ST
 
 
(Human, 14,399
 
Points)
 on 5/29/12 at 12:30pm

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Edmundo Braverman's picture

I'm not being a dick here,

Edmundo Braverman
      ST
 
 
(Human, 14,399
 
Points)
 on 5/29/12 at 12:33pm

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IlliniProgrammer's picture

Eddie, he was dining in the

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 12:35pm

Work hard, play hard.

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IlliniProgrammer's picture

Edmundo Braverman: I'm not

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 12:38pm

Work hard, play hard.

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protectedclass's picture

Huff Po is running articles

protectedclass
     
 
(Senior Orangutan, 375
 
Points)
 on 5/29/12 at 12:39pm
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UFOinsider's picture

Aleynikov actually stole

UFOinsider
      O
 
(Human, 10,348
 
Points)
 on 5/29/12 at 12:44pm

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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IlliniProgrammer's picture

Aleynikov stole his own

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 12:47pm

Work hard, play hard.

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APAE's picture

Regardless of the legal

APAE
     
 
(Neanderthal, 3,660
 
Points)
 on 5/29/12 at 1:02pm

A lot of people do certain things to add days to their life. I do things to add life to my days.

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IlliniProgrammer's picture

^^^ That said, if someone,

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 1:09pm

Work hard, play hard.

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UFOinsider's picture

Does anyone know any details

UFOinsider
      O
 
(Human, 10,348
 
Points)
 on 5/29/12 at 1:11pm

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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UFOinsider's picture

IlliniProgrammer: ^^^ That

UFOinsider
      O
 
(Human, 10,348
 
Points)
 on 5/29/12 at 1:18pm

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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IlliniProgrammer's picture

Thing is....they knew he was

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 5/29/12 at 1:31pm

Work hard, play hard.

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cphbravo96's picture

IlliniProgrammer: ...If you

cphbravo96
      PE
 
 
(Senior Neanderthal, 5,006
 
Points)
 on 5/29/12 at 1:47pm

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan

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wannabeaballer's picture

Just hope that his buyout is

wannabeaballer
      O
 
(Senior Orangutan, 455
 
Points)
 on 5/29/12 at 6:27pm

Gun Control Discussion

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ScoobyDoobie's picture

IP: So why doesn't Harvard

ScoobyDoobie
      O
 
(Baboon, 163
 
Points)
 on 5/29/12 at 11:27pm

Third prize is you're fired.

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trazer985's picture

ScoobyDoobie: IP: So why

trazer985
      ST
 
 
(King Kong, 1,747
 
Points)
 on 5/30/12 at 4:07am
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When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

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    What did you learn first
  • Pretty slow with it being the Friday of a long weekend, wanted to know if you guys had anything interesting going this weekend? I'm hitting a concert tonight (Juicy J) then doing some sailing on Sat....
    Long Weekend Plans
  • Hello WSO! I am starting in July as a first-year IB analyst at MM IB. I am excited and nervous at the same time: not sure about group placement and the office dynamic and exit opps etc. I am curious that if there is anything that experienced bankers would like to share here? things that you...
    Share with an incoming first-year analyst?
  • Sports is a fascinating business to me. It is truly amazing how quickly sports have grown into billion dollar franchises with top end players making up to $30 million a year. Baffling. On top of it, the numbers for broadcasting rights keep climbing right along with them and frankly seem to be...
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  • My original plan was to write a series about starting my eccomerce business; going through the process of finding a market, a product and funding. I still plan to do this, but I would like to talk about something that is far more pressing to me: IP...
    Entrepreneurship and patent lawsuits
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    thanks
  • Starting my MBA at Purdue in the fall (I know not an elite program but I got almost a full ride and they seem to place the best of the non-elite Midwest schools). I am looking to get into oil and gas post MBA (focusing in corp finance). I am currently 33, my original undergrad is in criminal...
    looking to break into oil & gas post mba
  • Hi everyone, I have an upcoming first round phone interview with Susquehanna International Group for an entry level equity research position and I was hoping for some idea of what to expect. I have used the search function, and no one seemed to answer the question of the interview process...
    SIG Equity research interview
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    Investment banking in London / Europe is a complete waste of time
  • 1) <strong>Bloomberg Best (and Worst)</strong> (<a href="http://www.bloomberg.com/visual-data/best-and-worst/s">Bloomberg</a>) - Awesome new research tool from Bloomberg. This is seriously cool and very comprehensive. Going to help a lot of us find a jumping off...
    Bonus Bananas May 24, 2013
  • looking on linkedin it appears that many HInes analysts end up going to b-school and then back to hines. I was curious to know if they pay for it? ...
    does Hines pay/sponsor your MBA??
  • I was curious to know about Lazard's private funds group....is this the equivalent to a sponsors group at a BB? Are the hours & intensity equivalent as well? or do the projects have a more long term focus since they are raising funds which can take considerable amounts of...
    lazard private funds group? - good training? exit opps?
  • Hi WSO, long time lurker here, lots of useful advice on the boards and I finally made an account. I am attempting to make the transition to Asset management and have a first round interview with JPM to join as an analyst. I am coming from an unusual background (non-target, big 4 tax experience)...
    JPM AM experienced hire process? - London
  • I work as a currency volatility trader and manage one of the bigger G10 blocs in London. I've been lucky enough to get responsibility early in my career. I started off managing a single currency book a few months into the job, and have steadily been granted more responsibility to where I am...
    Ask Me Anything: I'm a Currency Volatility Trader
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I was writing an email to a fellow monkey who is about to start as a banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people will...
15 things I wish I knew as a first year banking analyst
This is the reaction any analyst who has ever worked in banking has when you say you want to leave banking for business school then come back as a post b school associate... <img src="http://epicpinterestfail.com/wp-content/uploads/2012/11/how-i-met-your-mother-barney-why.gif"...
Why You DON'T Leave Banking for B School Just to Come Right Back...
I get a ton of emails and answer a ton of posts asking similar questions so I thought I would answer the most common ones I get here and allow others to post their questions so everyone can see them and the subsequent answers. Hope this helps. <strong>Summer Analyst...
MSF Question and Answer
I work as a currency volatility trader and manage one of the bigger G10 blocs in London. I've been lucky enough to get responsibility early in my career. I started off managing a single currency book a few months into the job, and have steadily been granted more responsibility to where I am...
Ask Me Anything: I'm a Currency Volatility Trader
Inspired by comments from this: http://www.wallstreetoasis.com/forums/basic-guide-ramping-up-on-a-company-with-public-information-part-1-of-3 Lets just jump in. <strong>Technology:</strong> In this space there are really two metrics that matter the most, sales growth and EPS...
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I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local...
Ask me anything… I'm a Private Equity Analyst in Shanghai
For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,...
A Perfect Storm
I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns. I primarily cover consumer and TMT names. I went the typical path (target...
I'm a Hedge Fund Analyst - Ask Me Anything
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
<em>Mod note: Best of Bankerella - this was originally posted 10/1/12</em> I occasionally get PMed by people at colleges I’ve never heard of before, asking if they have a shot at IBD. Folks, why IBD? The finance world is broad and varied, and there are a million ways to...
My Biggest Career Mistake to Date: Prestige
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