They get to claim a certain percentage of the online advertising market. Online advertising has a self-referential aspect -- if you can produce convincing statistics, you will get more business, which will further increase your statistical standing, ad infinitum. The fact that a percentage of the traffic is bogus might be overlooked by some of the providers, and even some of the clients.
I don't think YC ever asks for no-dilution. A founder can not cheat because of various reasons:
0. Founders will have to dilute themselves to dilute YC
1. Investment is done based on a contract, which defines and controls the power that founders have. They can't issue any number of shares to themselves without putting in more money.
2. If somehow, founders are able to cheat YC that would destroy their credibility and their market valuation, resulting in huge financial loss.
Nice work guys. The demo is quite exciting and easy to understand.
I would use it for its cool quotient - I can press next on my phone without anyone noticing - magic!
Though, network connectivity and document confidentiality are major concerns. What do you think?
I think we'll see a totally different way of using watches. It'll start with services suitable for a small device. For e.g. automatic transfer of body signals such as bp, heart rate; calendar notifications, location based information, calling services with a bluetooth earphone, etc.
Building 'smartness' is the key here - provide a powerful platform and let developers think about ways of making it useful - you don't really need to be able to see all the possibilities.
