flylib

9 ms·

31.
by flylib 9y ago
I mean 100k is a lot of money and there is no saying they didn't hit those guys also
32.
by flylib 9y ago
I mean they don't say how they accessed the GitHub repo or whether there was a vulnerability in Github itself that allowed access
33.
by flylib 9y ago
Knowing about Uber isn't enough, you need access to their seed round which is on a selective basis
34.
by flylib 9y ago
I mean they didn't scale anything back really, neither Google or Uber are manufacturing the cars either
35.
by flylib 9y ago
thats why Netflix is going insane on original spending, they have no long term plans to keep other content
36.
by flylib 9y ago
"If you want to make money angel investing, you really have to treat it as a full time job, not because it makes you more likely to pick the winners, but because it makes it more likely that the winners will pick you." plenty of g
37.
by flylib 9y ago
a loss? are you joking? Benchmark investment in Uber is tracking to be one of the best VC investments ever made, 11 million series A + whatever money they put in pro rata and their stake is currently worth anywhere from 5 billion to 14 bill
38.
by flylib 9y ago
1) an API around freight shipping 2) an API to connect with insurance carriers as a broker
39.
by flylib 9y ago
Lily and Pebble also were VC Backed and each raised 15+ million https://www.crunchbase.com/organization/pebble https://www.crunchbase.com/organization/lily-robotics#/entit...
40.
by flylib 9y ago
Kalanick forced him to resign as a condition of him resigning
41.
by flylib 9y ago
at the upper bounds (350 million) (10% is 35 million) with 22.5 million invested in 9/2016 and the sale shortly after that is a nice flip and a gain of 10+ million
42.
by flylib 9y ago
> It took me about ten years to figure out that Twitter is a cesspool. Reddit has similar problems > What Reddit does right is focus on topics, primarily, not personalities. This is an advantage for twitter in many ways, people want t
43.
by flylib 9y ago
they didn't flush any money down the toilet, 21.co mined a lot more then 120 million in bitcoin, they mined at least 75,000+ BTC
44.
by flylib 9y ago
he still has the board seat, it's TPG board seat, he can pick one of his co-workers
45.
by flylib 9y ago
this is hilarious, Facebook can just launch their own coin if needed if you want to compete with them that way by giving users coins which will give them monetary incentives to use your service, hell Kik is laying the playbook for FB to cop
46.
by flylib 9y ago
this will most likely amount to nothing or very little, waymo is also launching their own competing service at some point and lyft has other suppliers for cars (GM/Cruise), this will most likely be a stop gap and used as a a good headl
47.
by flylib 9y ago
> But noone actually wants a "relevant timeline". I want that
48.
by flylib 9y ago
social apps are really hard, no one going to pay more money to acquire a dead app
49.
by flylib 10y ago
NYT should be ashamed they posted this, extrapolates examples from a small sample size to make a fake story
50.
by flylib 10y ago
we are starting to see that, A16Z made an investment last year into a smaller bank https://techcrunch.com/2016/11/01/cross-river-bank-gets-unco...
51.
by flylib 10y ago
DeepMind will go down as one of the best acquisitions ever
52.
by flylib 10y ago
the company still has a paper valuation of 2 billion (it got cut from 4.5 to 2 billion last year), not a total wash like the media make it sounds, for companies started from 2013-present, Zenefits still has one of the highest valuations at
53.
by flylib 10y ago
"Besides, Lewandowski couldn't realistically raise money through proper channels if his pitch amounted to, "I stole stuff from Waymo." yes he could, the team and him had a killer track record and he wouldn't admit t
54.
by flylib 10y ago
"That Otto hadn’t received funding from any VC’s is unusual. With 91 employees, getting paid $150k/year (this might even be too low given they are working on self-driving cars, one of the hottest spaces in tech right now), they wo
55.
by flylib 10y ago
yes they are saying they are going to expand nationally for the last 6 months but you can't expand nationally if you are running out of money (check ride sharing forum's where drivers are starting to report sporadic payments from
56.
by flylib 10y ago
they operated at a $600 million loss in 2016 http://www.businessinsider.com/lyft-lost-600-million-in-2016... the number will be higher in 2017 as they are expanding internationally ( http://www.cnbc.com/2017&
57.
by flylib 10y ago
Juno is burning 10's of millions trying to compete on low prices and they are still in NY area only, unlikely local competitors will be able to compete at low prices unless they have a huge war chest which will come from rich founders
58.
by flylib 10y ago
GM will purchase them for around $1-$3 billion and drastically raise prices and fire most of the employees as their public investors will be skeptical and the stock price will take a hit, Uber will be able to raise prices enough to get bett
59.
by flylib 10y ago
Lyft and Juno will run out of cash by the end of this year and be forced to sell to companies that won't run them at a loss, that Lyft $500 million round they are trying to shop around won't happen (that leak is a bad sign, early
60.
by flylib 10y ago
either payment or in general

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