I've come across many people that program as a means to an end. They don't enjoy it, it is just what they need to do to get the machine do what is fun, which is folding proteins, modeling ocean currents, driving the CNC, or what have you. For me, the actual application is fairly incidental to the programming and design part, which is where the fun is for me.
The megablocks stuff we have bought either has nobbly extra molding bits still stuck to the bricks meaning they just don't work OR the bricks are not of a uniform enough size so they don't stick together for any length of time.
I would estimate at 40% as good as logo. Which puts it down in the play with it a bit and then ignore 'while the cat (or hoover) eats it' camp.
I agree with these thoughts. A founder with enough passion and drive for their company doesn't need VC funding - if IT focused. IT stuff can be built and hosted with minimal outlay.
VC money needed for cash intensive manufacturing activities?
I don't know about the YC companies but I agree that HN has been a great inspiration to me also. Got me thinking about companies and that it is possible!
I would be wary of cutting out too much fiction as some great minds put down their thoughts and ideas through fiction. e.g. Hemmingway, Orwell or Steinbeck - there are probably many others. But yes be selective.
Nokia also made a similar amount in patent licensing from Apple. I believe Nokia is also suing HTC so might start collecting patent licensing from them at some point.
Interesting that a retail bank whose core business is to process transactions takes the decision to outsource that capability. And then is exposed as unable to monitor/control the outsourced operation.
Some similarities to the now defunct Railtrack whose remit was to maintain the UK railways decided that it was a good idea to outsource all of its engineering capability. It turned out that Railtrack did not have the ability to manage, monitor or access the state of work carried out by contractors. Some details and links in...
http://en.wikipedia.org/wiki/Railtrack#Founding
A good lesson. Accessing which are the core functions of your company. And the ability to execute them without failure.