mbesto

40 ms·

721.
by mbesto 4y ago
One of these things is not like the other: https://docs.legis.wisconsin.gov/2021/related/proposals/sb33... https://www.njleg.state.nj.us/bill-search/2022/A4222/bill-te... I bet
722.
by mbesto 4y ago
To elaborate further with hard numbers. See #2: https://www.linkedin.com/posts/rich-falk-wallace_silicon-val... #1: Mortgage backed securities: $82B (83% residential) #2: Direct loans: $74B (55% short term loans to VC
723.
by mbesto 4y ago
> You need them in both environments if you're serious about security. Unless you somehow believe that being in the "cloud" grants you some kind of security by default? I don't disagree that you need a security focuse
724.
by mbesto 4y ago
> it’s pure fiction that cloud does not require experts to run it. You're not wrong, however, in cloud I can just use a single "cloud engineer", as opposed to having to find a: - Hardware specialist (someone who knows how
725.
by mbesto 4y ago
https://www.svb.com/landing-pages/venture-debt
726.
by mbesto 4y ago
Uhhh yes. Most commercially viable businesses at scale rely in credit. If you're making serious money (call it $10M+ in revenue), you very likely have some credit facility with your bank. Whether you use that credit or not, is another
727.
by mbesto 4y ago
> Disliking the industry You also have to remember, that tech isn't an "industry". You can work at Kahn Academy which is an education non profit that is heavily enabled by technology and still really feel good about yourse
728.
by mbesto 4y ago
> not because they took risky bets on startups. SVB regularly provides credit to risky startups, which is why they existed in the first place (because other banks wouldn't lend at those rates). So, yes, they sorta did place risky be
729.
by mbesto 4y ago
> A ton of the prominent VCs were writing out checks from their personal bank accounts so that founders could meet payroll. Source? Who specifically, how much and can you independently verify that they actually did it?
730.
by mbesto 4y ago
More importantly, they know how to offer credit to them.
731.
by mbesto 4y ago
> A lot of things can be bad if abused. Alcohol, eating, watching TV, video games even healthy activities like sport can be addictive or have risk of injuries. Scissors can be bad if abused too. Not sure why we're playing this game.
732.
by mbesto 4y ago
> they’re going off of how often people search for how to do it? Yes, its called a proxy. It's not perfect, but it's very likely has a strong correlation and low standard deviation from the truth. > What they’re measuring is
733.
by mbesto 4y ago
You also have control to not be a celebrity and avoid the paparazzi. This is the parent's point. While you may have free will, it's hard to argue that having cheap access to fame is not appealing to everyone.
734.
by mbesto 4y ago
> But firing someone without communication and with HR unable to confirm it is just low IANAL, but I believe this is also highly illegal.
735.
by mbesto 4y ago
> You mean people being let go? There have been layoffs in ton of SV companies, complete with fake "I take full responsibility". At least the employees of those companies knew they were fired. Read the originating message from
736.
by mbesto 4y ago
You mean just as stupid as the richest person in the world who runs like 5 companies to spend his time bullying an employee of Twitter on Twitter? Yup, you're right, it's that stupid.
737.
by mbesto 4y ago
Me too. However, this is a double edge sword. Their key value proposition is scale / speed which makes it concerning that they haven't "solved" that yet.
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by mbesto 4y ago
Disagreed. Social proof is a HUGE signal, even if it's "fake". > It comes off as disingenuous. And if the product is valuable to you AND it has logos, I can guarantee you will still use it. This feels like the typical de
739.
by mbesto 4y ago
That's not what the parent comment was saying. They were saying that there is a reasonable explanation to not develop properties that cater to families - e.g. 4 bedrooms. The alternative is that the 4-bedroom that you conceivably mig
740.
by mbesto 4y ago
Let's just call it deferred maintenance and be done with it.
741.
by mbesto 4y ago
Ok.
742.
by mbesto 4y ago
luxury != luxury goods
743.
by mbesto 4y ago
fixed.
744.
by mbesto 4y ago
Luxury goods have a definition and has little do with how luxurious the potential buyer is: In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expendi
745.
by mbesto 4y ago
> can keep raising the price of See’s candies without losing customers. “Look at all that price elasticity l!” Meanwhile ordinary people become poorer. Minor nit - See's candies is a luxury good and shouldn't affect the avera
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by mbesto 4y ago
> The only reason this is feasible I assume by feasible you mean profitable. Which means there is a pricing mismatch then.
747.
by mbesto 4y ago
"Then build it, however long it takes." (from the referenced article) This is always my favorite fantasy. No one would have issues with "Agile" if you had unlimited time and money...but that's not how the world work
748.
by mbesto 4y ago
Here is a link if you want to apply: https://jobs.lever.co/crosslaketech/7b2e42ec-d873-443f-b30f-...
749.
by mbesto 4y ago
Depends on what scope of time you're looking at. Let's take a $5B growth fund. Let's say over 7 years they deployed all $5B of that fund into 100 companies. When you say collapse what do you mean? Do you mean all 100 companie
750.
by mbesto 4y ago
Good question - we have a rating system where we compare companies on a variety of dimensions. If we find areas that need help post close, our clients engage us to work with the company.

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