eldavido

67 ms·

631.
by eldavido 10y ago
Aren't we kind of already there (serverless)? A lot of web frameworks enforce the shared-not-that-much (not quire "shared nothing", but close) style of programming where every HTTP request is essentially just an "event&q
632.
by eldavido 10y ago
Another thing (sorry for double reply but it's really a totally different comment) I think you have to frame "losers" in a financial context. Let's assume the hypothetical "entrepreneur" of your comment is an a
633.
by eldavido 10y ago
Thank you for the very insightful comment. This is yet another example of what I call the "Hollywood-ization of tech", where the industry (we?) are trying to sort out the relative value of being attached to something big vs. money
634.
by eldavido 10y ago
Experience suggests this may be wise. I feel there's a huge "repricing" of the value of early-stage tech employment occurring as capable developers realize just how shitty the standard 90k + .1% job offer for 50-60 hours&#x2F
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by eldavido 10y ago
What about cases where "poor technology execution" is the root cause behind "we didn't move quickly enough" or "we didn't build the right features" because you didn't move quickly enough, and the
636.
by eldavido 10y ago
I used to think this way, then I spent the last decade watching my friends all get rich working at these kinds of companies. You need to look at the big picture here. Young people aren't watching TV. Ad spend by the likes of P&G, N
637.
by eldavido 10y ago
The real question: what does Snapchat's equity look like? You practically need a PhD in finance to value these things, with all the preferences, participation multiples, board seats，drag-along and pro rata rights, etc attached to these
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by eldavido 10y ago
I like this framework. I would term the difference "operating value", the extent to which the entity is valuable because of what it does vs what it owns. Software companies are interesting because they fall in the middle, somewh
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by eldavido 10y ago
It's the value of the equity (shares); market cap completely ignores debt. Market cap is a good way to think about what the total value of a company's stock is, but a leveraged (indebted) company may have some of its "compa
640.
by eldavido 10y ago
Having worked at a company with a lot of this that's now circling the drain, I can't disagree.
641.
by eldavido 10y ago
I think you're onto something here. I like to refer to them as "little-a" agile (iterative delivery, accept change, basically the original manifesto) and "big-A" agile: scrum masters, stand-ups, all that. Devs have
642.
by eldavido 10y ago
I'm a dev manager. We use agile, it works for us, and people are happy. All you have to do is make a giant list of all the things to do, make sure people are working enough, and on the right things, and use the appropriate level of des
643.
by eldavido 10y ago
As a developer, it is highly upsetting to me when sales does this. A well-functioning product development org has processes in place to decide what gets done first. These processes take into account tons of inputs including bug feedback, en
644.
by eldavido 10y ago
Email me. Email is in sig. I've spent the better part of the past few years building a property management system and would love to trade insights (if you aren't too busy pre-demo day)
645.
by eldavido 10y ago
Are you guys planning to integrate with existing property management systems or to be the property management system?
646.
by eldavido 10y ago
Isn't Twilio's gross margin like 50%? I think it's a market where winning is about customer acquisition and retention, not necessary cost-control, though I'll grant that could become more important over time.
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by eldavido 10y ago
Yeah, I agree, Spotify's case is pretty compelling. I'm not a lawyer, but my understanding of the Sherman Antitrust Act (I wrote a paper on this in engineering law undergrad about the Intel/AMD case) is that whenever a compan
648.
by eldavido 10y ago
Yes -- this is why it seems risky to invest in Twilio long-term. Sure, they have the developers today, but if WhatsApp leaves, and Amazon can cross-sell more of their existing customers what they'd otherwise get from Twilio, that'
649.
by eldavido 10y ago
Twilio's cost structure is probably dominated by SMS charges from telco operators and customer acquisition, not their AWS bill. So I doubt it, but feel free to cite data that shows I'm wrong. (I read their s-1 and I don't thi
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by eldavido 10y ago
Think like a customer. Netflix has a lot of customers, IMO because they developed great recommendation IP, they have a large content library, and have invested heavily into customer acquisition and marketing to build a consumer brand. Netfl
651.
by eldavido 10y ago
Don't get too depressed; the value of real estate has been falling for 100 years relative to business equity and other productive assets, and most real estate assets are hugely leveraged today. I somewhat doubt a lot of the debt capita
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by eldavido 10y ago
You live with a few roommates. It's not hard to find housing in SF for 900-1300/month if you're willing to make some lifestyle tradeoffs.
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by eldavido 10y ago
Hard mode has better classmates. If your goal is truly is to learn, go where the smart people are.
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by eldavido 10y ago
I think the culture of the institution plays a big role, too. I had my ass lovingly handed to me by the good professors of University of Illinois Urbana-Champaign. They were more than happy to hand out Bs and Cs even with "a good effor
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by eldavido 10y ago
A better example might be dental care, which has many of the same nice properties as veterinary medicine, but is harder for the haters to dismiss. People get elective dental procedures all the time (braces) that are highly affordable and co
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by eldavido 10y ago
IPOs are sold by salespeople with pitch decks to brokerage firms, who then sell to their clients. It's not done through an exchange; it's done on handshakes and phone calls, on human time scales, in the weeks/months leading u
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by eldavido 10y ago
Isn't there some law that all investors buying stock at around the same time have to be offered the same terms? I'm not a lawyer but I think this is part of what's behind the trend toward convertible notes in company financin
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by eldavido 10y ago
Honestly? I think this is Twilio's "we told you so"/fuck you" to wall street. Investor sentiment around developer tools in Silicon Valley is still broadly negative. I worked for 3yrs at a company funded by prominent
659.
by eldavido 10y ago
I'll grant that that's the commonly-accepted way to look at market cap, but I think it leaves out a crucial assumption: "Given the current supply and demand for/of the firm's equity". But I think that's no
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by eldavido 10y ago
Yeah, I think this is classic econ 101. Share price is a function of quantity supplied. You reduce quantity supplied, and for any market with a downward-sloping demand curve, the price will go up. Perhaps a better way to look at this is tha

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