joshe

21 ms·

151.
by joshe 8y ago
Here's a restatement of what I'm trying to say, the details seem to distract. Grocery stores, restaurants, and taxis (especially without medallions) are famously low margin, highly competitive business. [1] Single passenger ride h
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by joshe 8y ago
Sure, but neither have a guaranteed cash signup bonus. They have guaranteed first month earnings and bonuses per ride. Uber trying to raise it's fees is an invitation for someone else to jump in with lower fees and compete. You don&#x2
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by joshe 8y ago
Businesses where you burn capital on price wars are low margin businesses.
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by joshe 8y ago
Totally agree about the higher sign up bonuses. Though they are really offering higher driver pay for a limited time on signup. To compete I'd just offer that higher driver pay all the time by taking less fees than Uber. Not correcting
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by joshe 8y ago
Notice how Netflix has rushed to create content? If they hadn't, the entertainment companies would have just taken all their profits. I don't know what Uber's equivalent moat is, but they are desperate to find it.
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by joshe 8y ago
Why make a driver wait?
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by joshe 8y ago
It's a very local market though isn't it? You just have to be better (cheaper, faster, nicer) than them in your city to win that city. People don't even really travel that much, and when they do, and the guidebook said "
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by joshe 8y ago
Sure right now. But long term? They don't seem to have any kind of moat at all. They can't actually do that because it messes with the contractor thing, but they can do what they are doing with the rewards for a certain amount of
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by joshe 8y ago
What is Uber's long term moat/pricing power? To compete in a local market you just need to sign up 5000 or so drivers. At a $5 signup bonus that costs like $25,000. You can just be the third app, most drivers already swap between
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by joshe 8y ago
The new model of One Version, all updated together is interesting in this context. Examples are iOS, Chrome, Firefox and node_modules. All super complicated with many dependancies. Update everything, fix broken stuff. Only maintain the one
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by joshe 8y ago
Raising rates from 2.5% is a pretty great indicator of monopoly power, and a good target for startup disruption.
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by joshe 8y ago
The tax credit thing as designed by legislation is nutty. It lets companies buy your tax credit and use it to offset their own income. Leading to all this zero value financial engineering. But from a homeowner's point of view and Sunru
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by joshe 8y ago
Great paper, I've only gone through about 10% of it, but it offers a lot that the vendor docs and industry talks don't. Btw, this is David Patterson one of the inventors of RISC fame. Great podcast with him here (mostly about new
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by joshe 8y ago
Here are the top sports leagues with revenue summed by sport (in Euros). Soccer is far ahead of football. [1] Ice hockey is surprisingly lucrative. Sport "SUM of Revenue (€ mil)" Association
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by joshe 8y ago
Worth listening to the interview in full (and ignoring the headline). Krugman: A recession seems possible now. I'm most worried that we raised interest rates too soon and won't be able to lower them enough to restart economy. Also
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Software Engineer Loses Life Savings in Quadriga Imbroglio (crypto)(bloomberg.com)
3 points by joshe 8y ago|0 comments
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Tesla to Buy Energy Storage Firm Maxwell Tech at $4.75 a Share(bloomberg.com)
253 points by joshe 8y ago|148 comments
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by joshe 8y ago
This is a nice change to consider, and would help. But it won't be a massive improvement. Public housing isn't much of the housing stock and this won't change that. If we even built another 20K units in SF or Oakland in the n
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by joshe 8y ago
Nope, you've linked to a media piece and a law journal article. The economists did all the math, they actually thought of your 1) and 2) and other things besides. (Both the middle and high wage H1-B immigrants helped.) They usually (no
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by joshe 8y ago
My grandmother had Alzheimer's, and was often asking me, a 12 year old kid, to take her places. The zoo, "mom's house", Betsy's, school, and "the store". Often 5 different places within 30 minutes. With se
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by joshe 8y ago
Wow, I really thought we were still at the social engineering scale (convincing the guy in the cell shop). Does anyone know if Google Voice texts are also subject to this kind of attack? In the sense that they have to honor SS7 rerouting co
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by joshe 8y ago
This is perfect, this is exactly what I'm arguing against! Does this statement also seem true? "It is hard to believe so many * economists * don't "get it". You cannot inflate the supply of labor, regardless of th
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by joshe 8y ago
Not quite. From 1974 (they don't have data before that) to 2000, real mean personal income goes from 32K to 43K. [1], that's for individuals. The graph is useful to look at. This is complex, for example there are also more single
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by joshe 8y ago
The startups I've worked for, co created with coworkers who had H1-B visas (and green cards) created a lot of IT consulting gigs. We might even have hired you. This is as we went from 40 to 400 employees. Those H1-B visa holders create
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by joshe 8y ago
Women were most of the increase, but minorities increased their participation too. You can see the tail end (looks like they didn't survey it until 1980) of it here: https://www.bls.gov/opub/mlr/2002/05&#
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by joshe 8y ago
Thank you, I appreciate it! Part of the problem is that the media loves writing outrage stories. Training your own replacements is a perfect story for that. A journalist will write that story. Every. Single. Time. Take the story "this
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by joshe 8y ago
At every level, high skilled, medium skilled, and low skilled, immigrants tend to increase jobs and wages for natives. This is the rough consensus of economists. There is lots of work to make this even more true, of the flavor "ok if w
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by joshe 8y ago
I did find personal income growth from 1974 on. That gets rid of the 2 income household problem. I think maybe they only surveyed households til 1974. From 1974 to 2000, real mean personal income goes from 32K to 43K. [1]. The graph is usef
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by joshe 8y ago
The workforce grew, look at the link and table 5. Basically woman and minorities joined the workforce. Worker to population ratio went up and the total number of workers went up faster than the growth in population.
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by joshe 8y ago
GDP per capita is $59,531. So .1-.3% of that is $60-179. For every man, woman, and child in the United States. $19-58 billion per year. This is value created, money from thin air, you don't have to tax anyone to give $120 to everyone i

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