fairity

7 ms·

31.
by fairity 2y ago
> VC as an asset class loses money. If you're actually open to changing your mind, provide the source for this claim. I think you'll find you're wrong by most reasonable definitions of "losing money".
32.
by fairity 2y ago
> Sub 10% of 1 billion is 7 figures 8 figures, not 7
33.
by fairity 3y ago
Too many of us are attached to our intelligence. I love this story bc it's a reminder that we should value personal excellence over intelligence. By personal excellence I mean making the most of the intelligence you’re given. The arc o
34.
by fairity 3y ago
I imagine there are many parties interested in taking over WeWork. Given how much commercial real estate has cratered and the shift towards hybrid work, the business model is promising once they reset their cost base through bankruptcy. I&
35.
by fairity 3y ago
Your story is so similar to mine that I thought you must be my co-founder, except for the fact that just one piece of the story doesn't align. Congrats on the success - have you thought about hiring a banker to seek an exit to PE? From
36.
by fairity 3y ago
> Why on earth would you want to let someone know that you had a big payout? One reason is that it can help attract talent & useful connections. If you're a known billionaire, I imagine it's pretty easy to get a meeting wi
37.
by fairity 3y ago
> One major disadvantage of 2-4 is that other people tend to hear about it I don’t doubt this, but I’m curious: why do you see the publicity as a disadvantage?
38.
by fairity 3y ago
> Fifteen months into the regulatory review process, Figma and Adobe no longer see a path toward regulatory approval How in the world did it take fifteen months for regulators to reject this? That’s an absurdly long time to be operating
39.
by fairity 3y ago
23andme is a public company and seems to already be headed towards bankruptcy. Their share price has fallen by 93% since going public, and they’re burning something like $400m per year on $240m of revenue. I wonder if this incident will b
40.
by fairity 3y ago
The size of his streaming audience is largely predicated on his perceived skill though. So, he may hypothetically feel pressure to cheat in order to impress his audience.
41.
by fairity 3y ago
People here are so gullible. Do you really think the board is so incompetent as to not have thought through Microsoft's likely reaction? And, do you really think they would have done this if they thought there was a likelihood of b
42.
by fairity 3y ago
Whenever there's a large financial incentive to cheat and low consequence for getting caught, it's safe to assume that there will be sophisticated attempts to do so. I think both these preconditions are met (in spades) when it com
43.
by fairity 3y ago
It’s pretty obvious to me that WeWork, the brand, is going nowhere. With commercial real estate prices crashing and shift to hybrid work, this is actually the perfect time for WeWork’s business model to take off. The problem is they’re loc
44.
by fairity 3y ago
I think behind most big failures (at least the ones where meaningful revenue was generated) is a healthy, sustainable business idea. Oftentimes, the founders just grew too fast or flew too close to the sun. So, there’s an opportunity to pic
45.
by fairity 3y ago
And so it begins. A large wave of unprofitable startups that raised in 2021/2022 are going to fail at becoming profitable and be forced into fire sales or bankruptcy over the next 12 months. The capital constriction really started in
46.
by fairity 3y ago
> But most software company exits are now PE deals (something like over 75%) Can you provide a source for this? I don't doubt it, but I'm wondering if this is accurate for startups that have raised seed+ funding.
47.
by fairity 3y ago
> Companies positioned to achieve such scale should consider it, but those that don’t meet the threshold (e.g. $200 million ARR with 30% yearly top-line growth) would benefit more from focusing on the private equity path I’ve found that
48.
by fairity 3y ago
> If you raise VC money, the above scenarios are considered a failure. You will have to shutdown/get acquired for nothing. There are several noteworthy exceptions to this generalization. If you retain board control, you’re free to r
49.
by fairity 3y ago
Where is a PE firm involved here? Betterhelp is owned by Teladoc, which is a public company.
50.
by fairity 3y ago
> besides the fact that there are lots of jobs around the Bay Area and LA, why would anyone want to settle down in California? Weather and proximity to a beautiful coastline.
51.
by fairity 3y ago
There’s a huge wave of startup failures coming, due to the overexuberance in 2021. Basically, a large chunk of the unprofitable startups that raised in 2021 are going to fail at becoming profitable and be forced into fire sales or bankruptc
52.
by fairity 3y ago
Prosus acquired Stack Overflow for $1.8b on June 2, 2021, 3 months after the all-time high for traffic.
53.
by fairity 3y ago
> So why does this topic have such poor comments? I’m sure this won’t be a popular opinion, but I believe it’s basically class warfare at work. You have, here, a lot of upper middle class engineers whose egos are protected if they belie
54.
by fairity 3y ago
Nice sounding story, but do you have a source that debt lent to PE backed companies has negative real returns, on average?
55.
by fairity 3y ago
Baby steps. Once people learn to delegate transport entirely to a third party, that third party can more easily facilitate the transition to more efficient transport vehicles. Do you care what type of airplane you fly in?
56.
by fairity 3y ago
I think you’re assuming (incorrectly) that Google will have a monopoly on SDC technology. There are already many big players in the space, so the profit maximizing strategy is probably much closer to what the consumer actually wants. It do
57.
by fairity 3y ago
Google or someone they partner with will likely be an option. Another will be Cruise or whoever they partner with. Or, Tesla.
58.
by fairity 3y ago
I took one of these in Phoenix, and realized how easy it would be to rob/kidnap/assault someone in a SDC. If you simply surround the car on all four sides, the car will refuse to move. All it would take is 4 thugs to surround the
59.
by fairity 3y ago
> I, for one, don’t want to live in a world where my ability to go anywhere is decided by Google and Uber. Seems like a red herring. I think it’s safe to assume that you will be able to own your own SDC, and the faster Google gets this
60.
by fairity 3y ago
> Thirteen years later, that's my default plan. There’s just too much downside for me to get distracted with others’ opinions of my opinions. [1] It's not that I'm afraid of expressing my opinions. I just think, "Why

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