mrnobody_67

9 ms·

31.
by mrnobody_67 6y ago
The PR they generated for it was crazy... would love to read a post-mortem.
32.
by mrnobody_67 6y ago
"If people don't pay for a company's products, that company will go out of business." The problem is that capitalism has broken down. 20% of publicly traded companies are zombies. Their earnings are below what they need
33.
by mrnobody_67 6y ago
ShadowStats.com tracks the Consumer Price Index according to the old 1980 and 1990 methodologies.... 6% or 10% annually vs. less than 2% under the current CPI index.
34.
by mrnobody_67 6y ago
The Hertz investors clearly didn't :)
35.
by mrnobody_67 6y ago
At least that money can get counted for properly... and venture capital as an asset class still generates double-digit IRRs, and LPs stop funding investors with poor returns. The Pentagon has spent 20 years and hundreds of millions of dolla
36.
by mrnobody_67 6y ago
$400 for a hat?
37.
by mrnobody_67 6y ago
THIS x 1000. Walmart used to have a page for employees telling them how to apply for food stamps. Those costs should be charged back to the company.
38.
by mrnobody_67 6y ago
Taxing the rich won't solve for crony capitalism... Tesla's $7b in taxpayer subsidies. The armies of lobbyists who LITERARILY write legislation. The regulatory capture affecting certain professions - https://www.npr.org
39.
by mrnobody_67 6y ago
The government is an incredibly poor & wasteful allocator of capital. Full stop. The founders of the country would shudder at at the size, scope and over-reach of the government... Also remember, income tax was introduced as a "tem
40.
by mrnobody_67 6y ago
... and walked out with a fortune
41.
by mrnobody_67 6y ago
But it gave us Clippy!!
42.
ScaleFactor Raised $100M but hid bigger problems(forbes.com)
1 points by mrnobody_67 6y ago|0 comments
43.
by mrnobody_67 6y ago
Awesome, glad to hear i don't have to change.
44.
by mrnobody_67 6y ago
... and yet they still haven't answered questions from David Einhorn about their accounts receivable: https://www.bloomberg.com/news/articles/2019-11-22/einhorn-a...
45.
by mrnobody_67 6y ago
Sequoia is primarily a Series A investor, without seeing the deck and traction/usage/retention/revenue metrics, it's really hard to make definitive conclusions at least with regards to that one example. In the context of
46.
by mrnobody_67 6y ago
Some investors got wiped out when the company had to do a pay to play, I believe.
47.
by mrnobody_67 6y ago
For insider background info: Postmates had to do a "pay for play" at one point, wiping out investors who wouldn't put more money into the company because it was so desperate for cash. The company also was shopped around for y
48.
by mrnobody_67 6y ago
Success is almost inversely proportional to money raised pre-launch.... Magic Leap is another example. Theranos. Top 10 ICOs all failures with no users despite $100m+ each.
49.
by mrnobody_67 6y ago
Whatifi is way better.... interactive movie games that you watch with your friends.
50.
by mrnobody_67 6y ago
Also time... Series A investors make 1-2 deals per year. They sit on boards. Hard to do more than 10-12 board seats. Find deals & founders worth investing in is super hard. Might as well back up the truck and put large amounts to work w
51.
by mrnobody_67 6y ago
Sounds like a good outcome. VCs need to have a chance of "returning the fund". If they are investing out of a $200m fund, and they own 15% of your company at exit after 5 years and subsequent dilution, that 15% has to have a chanc
52.
by mrnobody_67 6y ago
More to it. His After on podcast interview is great -- https://after-on.com/episodes-31-60/045
53.
by mrnobody_67 6y ago
WOW! Amazing that company founded by a former YC Partner could be so tone deaf. Just because their business is failing and they want to pivot into a LinkedIn competitor does't make it my problem. Dark opt-out patterns send on a FRIDAY
54.
by mrnobody_67 6y ago
I saw that video a year ago... pretty epic.
55.
by mrnobody_67 6y ago
Don't forget Carnival Cruise Lines... which doesn't even pay any taxes in the US as a corporation since it flies a flag of convenience and doesn't employ many Americans.
56.
by mrnobody_67 6y ago
I ran across that Forbes article yesterday as well... amazing data: "71,000 public employees at every level of Illinois government received six-figure paychecks. Additionally, 23,000 retirees pulled down more than $100,000 in annual pe
57.
by mrnobody_67 6y ago
100% correct. I love the Carta philosophy on hiring - every person you need means you've failed to execute: https://carta.com/blog/how-to-hire/ Unfortunately they didn't heed their own philosophy given t
58.
by mrnobody_67 6y ago
That first paragraph reads like a parody of silicon valley...
59.
by mrnobody_67 6y ago
Yeah, this is a good speculation. If Tankers are $150K+ vs. usual $20-40K for any prolonged period of time...
60.
by mrnobody_67 6y ago
That was an amazing episode

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