ajju

26 ms·

211.
by ajju 13y ago
Such bureaucratic B.S.
212.
by ajju 13y ago
What is the level of acceptance for (a) post-money option pools and (b) investors paying their legal fees amongst firms versus enlightened angels? I know Spark Capital publicly adopted (b). If I asked for these terms from a firm today, woul
213.
by ajju 13y ago
To anyone at Zynga looking for an interesting meaningful challenge that also pays well: Transportation is changing, and InstantCab is on the forefront. We are hiring smart people to join our team of a excellent hackers who are also good peo
214.
by ajju 13y ago
Actually it was a CD not a DVD, at least for a few years!
215.
by ajju 13y ago
Bombay, 1999 - my first ever Internet connection was a VSNL shell account that could barely load Yahoo.com on Windows 98. PCQuest, the (paper) magazine which Atul edited, bundled a CD with a new distro of Linux (or KDE or GNOME) with each m
216.
by ajju 13y ago
"immigration" in this country....[is] destructive, poisoning, and exploitative all around for everyone else. GP didn't single out immigrants who come here on short-term visas, but even if he had, I came here on a short term visa, and so d
217.
by ajju 13y ago
I am an immigrant, and coming here was constructive, sustaining and a very positive thing for me. I got a graduate degree here, and then started a startup that employs several people, enables our users to to access transportation much more
218.
by ajju 13y ago
I think the NSA deserves to waste time monitoring comments from "suspiciously" nicknamed users if that's what they are doing, because surely the real taliban would be posting comments under their own name, on hacker news :)
219.
by ajju 13y ago
I think YC has reached a point where anything PG says is likely to be interpreted in the worst possible light. That's unfortunate, because YC really doesn't have a type. I don't think there was a single Zuckerberg clone in our batch[1], a l
220.
by ajju 13y ago
There is a huge difference between "smartest person in the room" and "best in the room at platform X". I'd be curious to see if the author is making the former claim or the latter. The reality is that any "lead" role at a startup requires y
221.
by ajju 13y ago
I'll assume you are not intentionally mis-stating my argument. I separated Zuckerberg's strengths into two parts: (1) savvy and (2) knowledge of how investors operate. (1) is intrinsic or learned through experience and nothing external in t
222.
by ajju 13y ago
Facebook's leverage was growth, not information asymmetry. Zuckerberg's personal strengths are that he is savvy, and he had knowledge gleaned from Sean Parker et al. If anything YCombinator and others help make acquiring that knowledge easi
223.
by ajju 13y ago
Are there historical (in the last 20 years) examples of founders who wrangled 100x investment from investors, who would now not be able to do this because this supposed information asymetry no longer exists.
224.
by ajju 13y ago
The author seems to pick surface level similarities between completely disparate things and claims they are the same. >>The transformation of fund-raising activities from genuine negotiations between evenly matched parties to “pitch
225.
by ajju 13y ago
Haven't eaten here, but if this is true, it's a tragedy. There are so many ways to do an Indian burrito right.
226.
by ajju 14y ago
You are right - Indian newspapers usually refer to it only when it is at least tangentially relevant - eg. usually they'll refer to some politician's caste. I consider this to be just as bad because it continues to put caste front and cente
227.
by ajju 14y ago
"Brahmin"!? His caste is relevant, how, exactly? Only a British (or worse, Indian) newspaper would find the necessity to point out the caste of some person being tried by a public mob based on things heard on a police scanner.
228.
by ajju 14y ago
>are completely fine with spoilt rich brats driving circles around them while honking away. I find it quite hard to believe that most (or any) girls would be fine with anyone driving circles around them and honking. All women I know fro
229.
by ajju 14y ago
Definitely, although it's not clear that ride sharing will increase traffic for sure. Cabs and Ridesharing are essentially car multiplexing. Absent an on-demand ride, most people would drive into the city, and then park there.
230.
by ajju 14y ago
Fixed. Sorry about that.
231.
by ajju 14y ago
As the other commenter pointed out, the problem is primarily with the supply limit on taxis. Not limiting the supply of cabs artificially would result in more supply for whoever needs a ride, arguably lower the cost of a ride and help with
232.
by ajju 14y ago
Exactly. A majority of taxi drivers do not own medallions. But decades of being on a "wait list" for the right to buy one and FUD by taxi companies causes a lot of them to dislike ride sharing, when, in reality, it's a huge net win for the
233.
The Tyranny of Taxi Medallions(blog.priceonomics.com)
232 points by ajju 14y ago|216 comments
234.
by ajju 14y ago
Yes, my point regarding 2 was whether you would be willing to participate at the valuation/cap that they are raising at, unless you are completely price agnostic.
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by ajju 14y ago
Good points Ivan. This is actually a really good exercise. Two considerations one can't take into account with virtual investing are: (1) Would the company be willing to take money from you? (They may already have raised, may not be willing
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by ajju 14y ago
I take InstaCart at their word when they say that it was their intention to do the right thing from the beginning and only a small subset of their users were not informed about this change because of a bug. Since I take them at their word,
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by ajju 14y ago
Less than 4 hours after finding out about the issue here's a complete explanation of what happened, a public apology, and an appropriate fix. This is good customer service.
238.
by ajju 14y ago
In theory, you could market it as a fixed price delivery like Postmates does for some stores, and not show actual prices on the items, just say they will be delivered "at cost" along with a receipt. A challenge with doing this is charging s
239.
by ajju 14y ago
Instacart's challenge is that unlike an on-demand private car, which has no "set" price, groceries from a specific store have a price the store sets. So the markup is more obvious to the user. Since it seems like you (and probably many othe
240.
by ajju 14y ago
As I mentioned in my previous comment ( https://news.ycombinator.com/item?id=5476668 ) I think regulators have a necessary job to do, and it's perfectly ok for regulators to ask us to come to the table. We are happy to. Indeed we have met w

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