fairity

15 ms·

121.
by fairity 4y ago
This is one reason to start your own company. When you’re the boss, you can stop worrying about popularity or create a culture that re-defines popular.
122.
by fairity 4y ago
I'd be super curious to get the entire list of studios that the author looked at for analysis. Max Levchin's studio HVF labs birthed Affirm, which isn't included.
123.
by fairity 4y ago
You're claiming that for deals in the $80-120m range, most of the time, the seller sends over their entire database of customer contact info before the deal is closed? I'm sure it happens in some fraction of deals, but to claim a
124.
by fairity 4y ago
It's common practice at this transaction size to skip the level of due diligence that you're proposing. The reasons being: 1) It takes a lot of time to do this level of diligence 2) Companies aren't comfortable sending over
125.
by fairity 4y ago
Agree that outright fraud should be punished. But, I think it's the more insidious forms of misrepresentation that cause most of the harm. Things like: exaggerating core KPI's by 1-20%, including organic traffic in the denominat
126.
by fairity 4y ago
> The fact that a young founder in an industry known for shaky metrics and a “fake it ’til you make it” ethos managed to dupe JPMorgan calls into question how stringent the bank’s due diligence process is. This is actually a pretty rampa
127.
by fairity 4y ago
> When push comes to shove a company will never show you loyalty beyond what makes economic sense and what is legally necessary I disagree. Privately owned & profitable companies have plenty of leeway to practice loyalty to their emp
128.
by fairity 4y ago
At my alma mater (MIT), the bright and lazy people actually went into finance also. Not sure what it's like now, but 10 years ago, many hedge funds basically just gave IQ tests as their interview.
129.
by fairity 4y ago
Some people who don't identify as "high IQ" might get offended by this article, but I think the primary argument is valid. Many of our brightest and most ambitious minds go into finance & consulting simply because it pays
130.
by fairity 4y ago
The key tenants of Buddhist are on point. That is: - Life is filled with suffering - The root cause of mental suffering is attachment or aversion However, the Buddhist solutions to these tenants is completely misguided. Buddhists suggest t
131.
by fairity 4y ago
> That mindset is easier said than done, though. Yep, I've found that accepting a new value framework at an intellectual level is far easier than getting your emotional brain to accept it. I've found that having deep conversat
132.
by fairity 4y ago
I experienced what you're describing after my first company failed 8 years ago. It was pretty scary to think my brain might be permanently damaged. However, after 3-5 years, my capacity for critical thinking basically returned to norm
133.
by fairity 4y ago
> if people forget about this and continue to fly Southwest (which, let's be honest, many will), their share price will recover when they announce earnings. Well, if you believe this, go buy their stock (LUV). The market disagrees.
134.
by fairity 4y ago
Thank you. We turned down VC because we're concerned about the stranglehold they have on exit outcomes. I guess everything is negotiable, and I need to get better at communicating our concerns around control in a way that builds trus
135.
by fairity 4y ago
> Failures like this should trigger incredibly severe consequences (tickets refunded at 4x cost, $20/day paid to any passenger whose luggage is lost until they get it, lost slots in airports) that make it absolutely irrational to op
136.
by fairity 4y ago
Congratulations. I can relate with your journey - going from living in cockroach-infested apartments to bootstrapping a $70m ARR business. Random question, but do you think it's feasible to go public without institutional investors?
137.
by fairity 4y ago
> When the IPO market is hot and it is easy to list, that may be a bad time for retail investors to buy IPOs when they start trading. Yes, it's a known phenomenon that IPO's that list during periods of high activity perform wor
138.
by fairity 4y ago
Lolllllllllllllll. I'm sorry, but in all seriousness, that really is all there is to say about this. I guess he is leaving Twitter after all!
139.
by fairity 4y ago
There's nothing to backtrack on. Go re-read the original tweet - he never said he was leaving Twitter. If that was his intention, he probably would've explicitly said so. The OP's post title is based on an incorrect assump
140.
by fairity 4y ago
> Our board could pressure us to take certain decisions, but Tim (co-founder) and I are ultimately in control. Congrats on maintaining board control after two rounds - that's rare. However, you're probably misguided if you thi
141.
by fairity 4y ago
The rabbit hole goes deeper when you introduce the concepts of blame and responsibility. People all too often fully assign blame to one piece of the giant network of causes that result in an outcome.
142.
by fairity 4y ago
Really interesting! Makes me wonder if there's a way to mitigate bad-tasting food by injecting volatiles into the retronasal space.
143.
by fairity 4y ago
Will it eventually be possible to use technology to make plant-based meat taste identical to real meat? Yes. Will it be cheaper to manufacture this future plant-based meat than real meat? Very likely yes. Then, it seems obvious that eventua
144.
by fairity 4y ago
Huh? You're misunderstanding my point. It's not that a crowdsourced financing is required to achieve some outcome. I'm simply pointing out that it would have been a better option for all stakeholders than what just happened
145.
by fairity 4y ago
I'm imagining that $50 raised from 10 million people ($500m raised) would allow for an outright recap of the entire company, including bringing in new management that serves the users' best interests. I agree it isn't ideal,
146.
by fairity 4y ago
Yea, I'm in the same boat as you. The notes I have in there are really valuable. Curious, would you have been willing to become an investor in Evernote to avoid this acquisition? And if so, what order of magnitude? I'm curious w
147.
by fairity 4y ago
Can someone educate me on the difficulties in raising money from your user base? It seems like businesses like this should give fair warning to their users before transactions like this occur to make sure they don't have a better optio
148.
by fairity 4y ago
Agreed, I think it’s useful to discuss whether war framing is an effective tool to create desired outcomes, but that’s beside my point. I’m addressing OP’s implication that it’s ‘hilarious’ to think running a business is worthy of a war-ti
149.
by fairity 4y ago
Poking fun at what other people choose to hold important is childish, imo. Because, ultimately what people choose to value is subjective, and there’s no right or wrong. Put another way, what you perceive as valuable is equally hilarious fro
150.
by fairity 4y ago
This comment thread is a case study in confirmation bias. People are looking for data to support their belief that VC-backed tech businesses endlessly light cash on fire. And, refuse to dig a layer deeper to get to the truth, which is tha

More ›