From the desk of Eric Migicovsky Edit: Interested in what you read below? Check out Beeper, an app that we built to solve this problem. Chat is only the latest incarnation of human communication. Technology gave us the ability to extend in-person conversations over large distances beginning (probably) with papyrus…

If you choose to raise any amount of venture capital investment you are making an implicit agreement with your investor that your aim is to grow the company to a valuation of more than $1bn within 5–10 years. Given a typical hardware multiple of 5x, that’s a minimum of $200m…