cjlars

11 ms·

61.
by cjlars 6y ago
I work in private equity so I've been keeping an eye on the crowdfunding space and the quality of the equity on offer is -- to put it lightly -- unbelievably low. I saw one company offering a SAFE note that only paid out if they went p
62.
by cjlars 6y ago
SEO being broken does not mean that advertising as a whole is broken.
63.
by cjlars 6y ago
US included a payroll protection program (PPP) in the CARES act last month, which pays for payroll for small businesses with some forgiveness provisions. The forgiveness terms are very roughly summarized as, "don't lay anyone off
64.
by cjlars 6y ago
I'll venture a guess that by Wednesday the news cycle will be deep in the implications of very high asymptomatic case count... Assuming we don't start seeing contradicting evidence.
65.
by cjlars 7y ago
It's not strictly true that chess is the only sport that is the same whether played over a board or online, poker comes to mind, and in fact most board games would qualify. Regardless, as a chess fan it's great to see them adapt t
66.
by cjlars 7y ago
The whole "reduce, reuse, recycle" approach isn't tenable. Even a very environmentally conscious US lifestyle still produces a very substantial appoint of carbon emissions. For more, see how Hans Rosling covered the idea in h
67.
by cjlars 7y ago
Not true at all. You simply bring in the workers through an employment agency. AB5 does not impact consultants.
68.
by cjlars 7y ago
The truly big games, in terms of hours played, seems to be online multiplayer. MMORPG, FPS, whatever DOTA is... those are the games where some people start putting in 1000+ hours per year. Problem is close to everyone can enjoy TV and movie
69.
by cjlars 7y ago
The drink units are weird in this article. Most people (in the US) think of a drink as closer to a 1.5oz 80 proof shot or 12oz of 5% abv beer, which works out to 17.75ml of ethanol. The article defines a drink as 10ml of ethanol. So the gui
70.
by cjlars 7y ago
I really wish this was a continuing series on research that gets picked up in the popular media. There's so much questionable coverage out there.
71.
by cjlars 7y ago
Seeing as wealth is rarely in the form of cash, and you need to pay taxes in cash. You would need to sell the wealth, creating income, which in turn is used to pay the taxes. So it seems right.
72.
by cjlars 7y ago
>Financially, it was a foolish decision, which cost us at least double the original estimates. But being in a syndicate has meant sharing the losses and the workload. Two good lessons. (1) Restorations are almost always far more expensiv
73.
by cjlars 7y ago
That this is even arguable, I think, makes the OPs point.
74.
by cjlars 7y ago
Presumably the reason for changing the rules is to limit the number of draws, because wins and losses are more exciting. As he mentions, high level, full length chess has a rather disappointing percent of games ending in a draw. However, he
75.
by cjlars 7y ago
Option three would be to not distribute cash through dividends or buy backs and reinvest directly in the business. In that case the net result and tax treatment is about the same as buying back shares. Trying to treat buy backs as a special
76.
by cjlars 7y ago
Reporting, like teaching, sadly falls into a category of jobs where the demand (for the jobs themselves) far outstrips the supply of jobs. It seems almost wrong because journalism (and teaching) is so important to our collective understandi
77.
by cjlars 7y ago
Articles misses that this is in response to SF's gross receipts tax. Payment processing is an ultra low margin business, no way they can compete while paying ~1% of revenues to the city.
78.
by cjlars 7y ago
Opinion articles should be tagged with [Opinion] or similar when submitted.
79.
by cjlars 7y ago
I was typing up the same comment when your hit. Kelly criterion is a great mental framework, but the math obviously doesn't work out for VC placements. The best alternative I've been able to come up with is to brute force / s
80.
by cjlars 7y ago
A common saying in chess is that the winner is the person who made the second to last mistake. However, having played quite a bit against stockfish it certainly doesn't feel like that. It just crushes you, mercilessly and swiftly no ma
81.
by cjlars 7y ago
1. That would upset many customers if they found out. 2. It's redundant because he had a reservation.
82.
by cjlars 7y ago
Kind of, it just needs to be sufficiently liquid that you can meet the capital calls as they come. If you've got 10% of a portfolio committed to a VC fund, you can keep the rest in the S&P and just sell shares as needed. However, y
83.
by cjlars 7y ago
As a fan of financial history -- and I know that's an odd thing to be interested in -- this is the craziest story I've ever heard.
84.
by cjlars 7y ago
Also see the documentary "Living on One Dollar," where a group of US students try living at the international poverty line for some months in Guatemala.
85.
by cjlars 7y ago
Though now forgotten, much of the early european settlements in the Americas came from a sort of proto venture capital. Both Jamestown and the Mayflower for example, were private ventures with the intent of turning a profit. Of course many
86.
by cjlars 7y ago
I'd be curious if everyone is also experiencing the so called "the Gell-Mann Amnesia effect" in the same way Crichton describes. In my own areas of expertise -- data analysis and economics -- the answer is "Yes, very muc
87.
by cjlars 7y ago
If he died, his estate's administrator would essentially be forced to sell some shares in order to pay the hundreds of millions of dollars his estate would owe in taxes. Presumably, this would trigger the SAFE for both the investors AN
88.
by cjlars 7y ago
r/nottheonion
89.
by cjlars 7y ago
Seems to me that Photoshop fakes are well handled by a sort of social whitelist. It doesn't matter what's on the picture if you can't show us who took it. The Weekly World News served (serves?) up that sort of nonsense for ye
90.
by cjlars 7y ago
Well individuals have less negotiating leverage than groups, so that could account for the price difference.

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