mrnobody_67

12 ms·

91.
by mrnobody_67 7y ago
Clearly they had plenty of customers given that 150K people are stranded. So the reason they collapsed is because their cost structure wasn't aligned to serve the volume of business they conducted.
92.
by mrnobody_67 7y ago
I want to learn more about the WeWork Summer Camps and what happened there....
93.
by mrnobody_67 7y ago
Anybody counting on investors or startup boards to exercise proper oversight of management is dreaming. Short of the CEO being accused of sexual harassment or assault by an employee or being caught red-handed stealing from the company, they
94.
by mrnobody_67 7y ago
Really?? A phone call to gather facts vs. a generic email would be a good start, given the seriousness of the situation. Not forcing her to pay for her ride seems like common decency, even at the minor risk of some fraud. It seems that with
95.
by mrnobody_67 7y ago
I think NY Times had a similar story about fishing fleets in Thailand and Indonesia... basically modern slavery. Seized passports. Multi-year contracts. Brutal work hours, abuse, and horrendous living conditions. Sounds like NZ acted aggres
96.
by mrnobody_67 7y ago
Playing out as Naval Ravikant predicted on the After-on podcast: https://after-on.com/episodes-31-60/044 Eventually cheap drones, anonymous assassination markets, etc. will make commercial flying a thing of the past. W
97.
by mrnobody_67 7y ago
Add in Brandless, Wag, and Doordash and a couple others... hard to see how giving Nuro $1b for self-driving delivery robots will return 40% annualized. Can anybody point to significant investments ($1b+) in their portfolio that will return
98.
by mrnobody_67 7y ago
The data on the ineffectiveness of common surgeries is overwhelming, yet they continue to be performed, because compensation is tied to it. The "Do something" syndrome is strong - https://fs.blog/2015/06/
99.
by mrnobody_67 7y ago
Ouch, that's blatant.
100.
by mrnobody_67 7y ago
Look no further than the Mother Jones story where the reporter went undercover as a prison guard -- https://www.motherjones.com/politics/2016/06/cca-private-pri...
101.
by mrnobody_67 7y ago
20 people at $5 per hour is better. People wouldn't take $5 per jobs if someone else was offering them $6 or $7... so better to have 15 people learning skills that hopefully let them move up in their profession & career to higher e
102.
by mrnobody_67 7y ago
Correct. Brandless even fired their CEO back in March of this year. Wag founds are off doing a mobility startup, got kicked out as well.
103.
by mrnobody_67 7y ago
... and it worked, he and Garret are each worth $10b.
104.
by mrnobody_67 7y ago
Afterpay and Klara are interesting as well... point of sale. Smile Club rolls their own (65% of customers finance their purchase according to S-1).
105.
by mrnobody_67 7y ago
It'll be interesting how much of the confirmation & consistency bias forces SoftBank's hand here... will they throw good money after bad? The board of directors at WeWork is crazy dysfunctional as well... Im guessing no one ha
106.
by mrnobody_67 7y ago
Im surprised Amazon isn't campaigning with Lyft & Uber on the new gig economy labour laws...
107.
by mrnobody_67 7y ago
By that definition, Allbirds, Away Luggage, and any number of others aren't tech companies that deserve 20-40x revenue run rate multiples either...
108.
by mrnobody_67 7y ago
Looks like 65% of purchases are financed with a $250 down payment and monthly payments of $85 at an APR of 17% with 10% delinquency rate (no credit checks). Interesting risk factor.
109.
by mrnobody_67 7y ago
Truly disruptive... 75% cheaper, and democratizes access to orthodontists outside of major urban areas. Great example of taking a market, and making it much bigger by lowering cost & barriers to access. Growing 100% year over year, on a
110.
Smile Direct Club S1(sec.gov)
1 points by mrnobody_67 7y ago|2 comments
111.
by mrnobody_67 7y ago
And just 4 hours for AlphaZero to teach itself chess, and beat every human and computer program ever created.... DNA sequencing went from $3b per genome to $600, in about 30 years, much, much faster than Moore's "law".
112.
by mrnobody_67 7y ago
What do driver expenses look like on a per-hour of driving basis? Gas, oil change, tire wear, etc. on a modest Honda/Toyota type car?
113.
by mrnobody_67 7y ago
calling it a "success" and then shutting it down? talk about talking out of both sides of the mouth.
114.
by mrnobody_67 7y ago
85million cumulative workouts as of June 2019... really low actual usage relative to revenue.
115.
by mrnobody_67 7y ago
I bought nearly new equipment for my home gym for 1/5th of the retail value on Craigslist... tons of sellers out there.
116.
by mrnobody_67 7y ago
Churn rate is better than I would have guessed. Losses going up 4x year over year to $200m on $1b in revenue is pretty insane though.
117.
by mrnobody_67 7y ago
Given that income for the bottom 40% has barely budged in 20 years, keeping the price of goods low (i.e. low inflation) is probably a net benefit to America, no?
118.
by mrnobody_67 7y ago
Feels like the leather industry needs to launch an education campaign to distinguish the real thing from the cheap China knock offs... big marketing/branding opportunity for the sector. Most consumers, myself included, have no clue abo
119.
by mrnobody_67 7y ago
Tons of environmental consequences for mining lithium and cobalt that are swept under the rug, not to mention battery disposal costs, when talking about electric cars -- https://www.engineering.com/ElectronicsDesign/Ele
120.
by mrnobody_67 7y ago
Charlie Munger said - "I've never seen a board vote against the CEO when their livelihood depends on keeping the job". Boards are dysfunctional, in the best of times.

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