harryh

32 ms·

301.
by harryh 6y ago
Yes. Prices.
302.
by harryh 6y ago
On Jan 1 2018 the Shiller PE ratio was 24.02. Today it is 26.81. That's hardly a decoupling from fundamentals. https://www.multpl.com/shiller-pe/table/by-year
303.
by harryh 6y ago
There is a lesson here: no matter what it is that you are building marketing is going to be important. Sometimes more important than the actual product.
304.
by harryh 6y ago
It's possible that executive insiders at Grubhub could be prevented from buying puts via a deal contract, but I can't see how members of the general public could possibly be limited by these sorts of deal terms.
305.
by harryh 6y ago
The factory in Fremont manufactures cars not solar panels or grid batteries.
306.
by harryh 6y ago
I will take that bet! I'd say that "drastically" means 20% or more. How much would you like to wager?
307.
by harryh 6y ago
No, I'm saying that eventually the value of a company is based on actual economic reality and not sentiment. Companies are either profitable or not. They either grow or not. In the end, share prices are based on these things, not just
308.
by harryh 6y ago
This is true in the short run, but not in the long run.
309.
by harryh 6y ago
Keep in mind that this is a Q1 total and the bulk of Q1 was unaffected by coronavirus.
310.
by harryh 6y ago
I actually moved to Chapel Hill, NC in 2017 though I was planning to move back to NYC in June of this year. That plan is now delayed though for the obvious reason. Fam is doing about as well as one could expect with two working parents and
311.
by harryh 6y ago
Hey, you're back! Glad to see you didn't leave forever.
312.
by harryh 6y ago
It's a good thing that millions of people have lost their jobs at what were otherwise well functioning businesses because of a global pandemic that also, by the way, is going to end up killing hundreds of thousands of people? Uh huh.
313.
by harryh 6y ago
$2400/month is less than $30k/year. I highly doubt any of the people getting laid of from Patreon are getting a raise by going on unemployment.
314.
by harryh 6y ago
$100M in annual revenue is generally considered the rough bar to go public. Various estimates put them somewhere between $30-50M in revenue for 2019. Another 2-3xing doesn't seem out of the question.
315.
by harryh 6y ago
What about the company that would need to labour for 5 years before they get the MVP out the door? Magic Leap.
316.
by harryh 7y ago
This is a great description. And, to be clear, I"m not really advocating for either system being better. Just pointing out some of their differences.
317.
by harryh 7y ago
Correct. Common law = less explicit legislature passed regulation. We have far less regulation of this kind in the US than in Europe BUT we have far more common law regulation.
318.
by harryh 7y ago
Uber, Dropbox, AirBnB, Slack, Pinterest. Long term un-profitable venture backed software companies are practically a cliche at this point.
319.
by harryh 7y ago
US spending on public education at the K-12 level is close to 15k per year. Your assertion that removing the profit from the system will lead to significantly lower costs is not supported by the data. https://nces.ed.gov/fas
320.
by harryh 7y ago
NYC and SF have roughly similar sized city budgets when measured on a per capita basis and they had _wildly_ different responses to Coronavirus. Whatever it was that causes such different responses, I don't think it was "political
321.
by harryh 7y ago
I'm confused why you think a VC who generally won't see returns on a good investment for a decade or so thinks that "value lies in quarterly profits."
322.
by harryh 7y ago
Point being, why not write simpler laws and regulations and leave it to the courts to interpret what adheres to the spirit of it? With the barriers of entry gone, I think we'd see a renewed vitality to many ossified sectors. I agree
323.
by harryh 7y ago
Marketing is probably the most important skill for a founder to have. You have to market to raise money. You have to market to hire employees. You have to market to get customers. It's especially hard at the beginning when you have to
324.
by harryh 7y ago
Ya, I believe 2014 was the peak when it comes to seed deals per year so fair, we are below peak. But there was a TREMENDOUS rise starting in about 2005 or so (a combination of coming out of the dotcom bust then the rise of mobile with iOS&#
325.
by harryh 7y ago
Ya, the so called Series A Gap is real. OP seemed to be talking about seed funding though which is plentiful.
326.
by harryh 7y ago
Making generalizations about the world at large based on your personal experience is a mistake. Look at the data.
327.
by harryh 7y ago
The coronavirus situation has certainly altered capital markets but outside of that your comment doesn't conform to the data. There was more capital deployed in the last several years, at all levels, then we've ever seen.
328.
by harryh 7y ago
There are numerous content restrictions on broadcast television that have been found legal despite the 1st amendment.
329.
by harryh 7y ago
Why would they have needed to draw down their credit line and then pay it back over a two week period? I don't have an answer to this question.
330.
by harryh 7y ago
Working at a zombie company with very little chance of success isn't a great gig either. Shutting it down cleanly, paying decent severance, and letting the staff move on is a good move for them too.

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