joncooper

10 ms·

91.
by joncooper 13y ago
As you say, the strong social justice momentum in the US has made it easier for people from lower class backgrounds to be admitted to top-tier schools. This does not mean that it is easy, nor common. The measurement is against a low base. T
92.
by joncooper 13y ago
I buy this. In fact IMO the opportunity for other folks to make rapid, very widely felt, and profitable changes to the fabric of society is probably more available than ever before. (Technology diffuses over punctuated equilibria. And the a
93.
by joncooper 13y ago
An amusing and unexpected response, but while you're here, I'd be interested to know your read on this. Do you believe that there is a material % of such folks? Is it the sense you get that the incidence is similar to that found i
94.
by joncooper 13y ago
I enjoyed the post. My take on the this is that tremendous amount of access politics in the Bay Area seem to revolve around where you went to school and what your pedigree is, and that since those are very highly correlated with the class y
95.
by joncooper 13y ago
I'd be interested to see data on the backgrounds of the type of young professional that the author attempts to lionize here. Seeking risk is considerably easier when you have a solid family situation to fall back on. It is delightful w
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by joncooper 13y ago
The evaluation version is rather usable and there's a free version of an older release.
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by joncooper 13y ago
My recent experiences have been identical. A few janky cars (especially on UberX), drivers that don't seem to use the GPS, one guy who took a cash tip from guests that I sent with him, etc. It's actually a totally fine level of se
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by joncooper 13y ago
It seems that you know something about the field. Perhaps rather than offering snappy responses with negative tones, you could offer something constructive to the discussion? Say, what you think the skills required for day-to-day work as a
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by joncooper 14y ago
This is the most salient point here. It seems like a ballsy move but is in fact much less so given you're benchmarked to a car with what is probably bottom-10% residual.
100.
by joncooper 14y ago
There is no reason why this structured financing entity would sell a put (taking on a liability) without an offsetting asset, the loan receivable. Nobody wants to be in the cash and carry downside vol business with an unhedgeable underlying
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by joncooper 14y ago
As opposed to a funding round, this approach is advantageous: Financially -- - Cash out the existing (presumably closely-held) equity holders with 100% of deal proceeds. "Existentially" -- Reduce execution risk by getting the team access t
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by joncooper 14y ago
Over what time frame? What percentage of the investor's net worth and yearly cashflow do these sums represent?
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by joncooper 14y ago
I only send them when I actually enjoyed the interview, which as it turns out has had a correlation of 1 to job offers received.
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by joncooper 14y ago
I agree with your criticism but there's no excuse for being such a jerk. Settle down.
105.
by joncooper 14y ago
Interesting. Totally makes sense when you think about it. Asset allocation among the LP set tends to be backward-looking, so if we believe exiting via IPO = high fund IRR, we should expect fund flows into VC. Similarly if we assume that M&#
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by joncooper 14y ago
I'd love to see the presentation. Will you please post it?
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by joncooper 14y ago
Tell us more about your mouse-driven custom typing system, please. Sounds interesting.
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by joncooper 14y ago
Around the turn of the millenium I was a lead developer on a finance platform that spanned order management, trade capture, and portfolio analytics, primarily for MBS. [1] It is a sisyphysian task to sell software like this into a bank. Let
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by joncooper 14y ago
If you're interested, here's a nice piece of related work: http://www.html5rocks.com/en/tutorials/webgl/million_letters... Also, a paper about pure-GPU implementation: http://www.2ld.de/gdc2004/MegaParticlesPaper.pdf
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by joncooper 14y ago
Congratulations to the Karma team. I was the founding CTO of a competitor, Giftly, have thought about/worked on the space a great deal, and have been really impressed with what y'all have built. You deserve it.
111.
by joncooper 14y ago
Integrity isn't about technical or legal validity. It's about having made an agreement with someone, and honoring it. Finding a semantic or legal way to breach an agreement is wack. Extra-much so if due to interpersonal static. I don't know
112.
by joncooper 14y ago
I was surprised. We built 'hellod' servers in numerous languages and with various runtime stacks[1]. The results are here and might surprise you: https://github.com/carbonfive/hellod/blob/master/results.md [1] C/libev, Clojure/Aleph, Cloj
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by joncooper 14y ago
If you use a NoSQL database in production for an extended period of time, you will definitely end up writing code to explicitly manage schemas. Either in the form of data migrations or in the form of DAO code with giant suppurating piles of
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by joncooper 14y ago
There were at least two versions of this: Chacha and KGB. The former I used extensively - you'd just send a text to CHACHA with a question and a real person would answer it for you. Some of the responses I got were quite amusing :)
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by joncooper 14y ago
The most common way I've heard the term used is to mean correlation to "the market", meaning "the set of things that you can invest in". A high beta asset goes up more than everything else when "markets" do well, and a low beta asset less s
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by joncooper 15y ago
B of A doesn't have analysts or associates?
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by joncooper 15y ago
Both D.E. Shaw and Goldman are happy to interview you once you've authenticated by working at another firm first. And both of them are pretty fair once you get the interview IMO.
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by joncooper 15y ago
Depends on role. In sales / trading / research there is way more demand for jobs than supply, and a lot of talented unemployed people floating around out there. For example, here in SF, one PM told me that he was going to interview one cand
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by joncooper 15y ago
Yep, didn't mean to imply otherwise. It does vary a lot between disciplines, though. There are a lot of successful people in support roles: technology, "back office" (operations, settlements, legal), human resources, etc., from many backgro
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by joncooper 15y ago
This article jibes with my analysis. I worked in finance (as a proprietary trader) for 6-ish years, including several years as a VP at Deutsche Bank. As the article says: "What Wall Street figured out is that colleges are producing a large

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