cj

48 ms·

721.
by cj 2y ago
Nice work. Any recommendations for folks looking for an app that suggests workouts and routines based on prior workout history? (E.g. identifying muscle groups not being hit by historical routines) I’ve just been keeping a running workout l
722.
by cj 2y ago
I thought by definition you never have any revenue liability on the books (no unearned revenue) with cash basis because you’re recognizing the revenue on the date the cash is received. Nothing is deferred therefore no liability.
723.
by cj 2y ago
you’re right, although cash basis would only fly under GAAP if you earn revenue at the time of cash receipt. In other words, anyone collecting money for services not immediately rendered (any subscription service) should be accrual
724.
by cj 2y ago
Genuine question: why did you raise $100 million Series C for a bookkeeping company? I'm a Pilot customer, and my heart dropped when I saw your funding announcement on the homepage a while back.
725.
by cj 2y ago
When I was using Bench, they were only doing cash accounting (not GAAP). We had to switch to a different service when we switched over to accrual accounting.
726.
by cj 2y ago
Agreed this sort of advice is standard - but many people don’t follow it because it’s boring. One way to make this sort of advice “not boring” is to apply the advice to 90% of your net worth (or cash flow), but then give yourself permission
727.
by cj 2y ago
Aren’t nearly all US metros “blue”? Including NYC, Philly, SF? Definitely agree it’s not left/right. If it were, you’d think people living in those places would vote differently. I’ve lived just outside of NYC, for a decade, have also
728.
by cj 2y ago
It’s pretty easy to find high birth rate countries with low life expectancy. While it’s much more difficult to find countries with high life expectancy with low birth rates (assuming we define “low” as any birth rate lower than necessary fo
729.
by cj 2y ago
Basically what you’re saying is that the healthiest society is the one whose population is growing the fastest? I would think life expectancy would be a better measure of a healthy vs unhealthy environment.
730.
by cj 2y ago
> The homeownership rate for 26-year-old Gen Zers is 30%, below 31% for millennials at 26, 32.5% of Gen Xers at 26, and 35.6% of boomers at 26. Unless you're specifically 26 years old, I suppose? This analysis seems far from scienti
731.
by cj 2y ago
I pay for Google Workspace for my personal Gmail account. It’s billed per user (with no minimums) so it’s actually very cheap even for the “enterprise” version. The support is excellent. I can get a human on a live chat and request a screen
732.
by cj 2y ago
> I wonder if any of the big companies will pull out of the EU over DMA or future legislation. It seems each of the big tech companies have started to get a grumpy with being pushed to make crazy changes by the EU. Luckily we don’t need
733.
by cj 2y ago
They’re saying that they would rather pay a consultant because they would have control over fixing things that don’t work the way they want. Compared to the alternative of buying a SaaS product that is “rough around the edges” where you’re
734.
by cj 2y ago
“This call is being recorded for quality and training purposes” truly has a new meaning.
735.
by cj 2y ago
Boiled down into 1 sentence: Create a company that solves a problem you’ve personally experienced. (If you feel like you haven’t experienced any problems worth creating a company to fix, consider putting yourself in situations where you’ll
736.
by cj 2y ago
> Just go sell $2-4k/mo SaaS to a medium sized traditional industry that has ancient, crummy software with a target customer employee size of 50 - 1,000 people. I’ve successfully done exactly this. Except in order to get there, we h
737.
by cj 2y ago
Humans only respond to acute threats. As a society we don’t have a means of effectively responding to long-term threats. We seem to only care about the next 5-10 years. Our species is short sighted, but I suppose evolution will correct that
738.
by cj 2y ago
Last week I started seeing a banner in Google Docs along the lines of "Create a video based on the content of this doc!" with a call to action that brought me to Google Vids.
739.
by cj 2y ago
I have extensive experience hiring fractional talent at our company over the past 2 years (CMO, CFO, CTO). I’m currently spending $250k/yr on fractionals. To avoid disappointment 2-3 months into the engagement, my #1 recommendation is
740.
by cj 2y ago
> I expect it would does better than average. > I also expect similar thing are already running. Only 1 of these 2 statements can be true.
741.
by cj 2y ago
Or push their luck to the limit because they think they’re invincible. To be fair I was losing confidence they’d ever find him until today.
742.
by cj 2y ago
Take the example to the extreme: In 10 years, I prompt my photo album app "Generate photorealistic video of my mother playing with a ladybug". The juxtaposition of something that looks extremely real (your mother) and something t
743.
by cj 2y ago
IME the amazing part is the amount of money. The same speculative behavior we see now has been going on for decades, just not at this magnitude. The funding rounds are 1-2 (or maybe even 3) orders of magnitude larger than during the crypto
744.
by cj 2y ago
Err on the side of keeping your options open. Heck, even dentists and doctors offices are taking on investors and getting acquired these days, probably without an original intent to do so.
745.
by cj 2y ago
We agree, but those examples while valid are also inconsequential. More dangerous examples is things like inventing new PTO policies, trialing unproven HR policies (e.g. “we work 6 hour days instead of 8 hours”), and incorporating a c-corp
746.
by cj 2y ago
I typically don’t ask for a quote upfront since they are very fair with their business and billing practices. I could definitely see a large law firm (Orrick, Venable, Cooley, Fenwick) doing what you describe. I’ve worked with 2 firms just
747.
by cj 2y ago
The classic advice of “Don’t innovate outside your company’s area of differentiation” applies pretty firmly here. Age old advice is that founders should put their attention on what matters for the startup to succeed. Succeeding already requ
748.
by cj 2y ago
Good law firms won’t charge you for using their boilerplates, only the time to customize it for your use case. I anlways ask our lawyer whether or not they have a boilerplate when I need a contract written up. They usually do.
749.
by cj 2y ago
Agreed. In a similar vein, when our YC company was failing I had a great call with Jessica Livingston, and looking back it was purely moral support and not anything economically motivated.
750.
by cj 2y ago
I think this tool surfaces information not previously immediately digestible by retail investors. Institutional investors have had systems like this in place for decades. LLMs might improve parsing the data in some ways, but this is (and wa

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