muzz

80 ms·

901.
by muzz 13y ago
Rent was amongst the highest in the country at the time. Almost everywhere else was cheaper.
902.
by muzz 13y ago
I think the distinction is not about "VC-funded IPO-or-bust" startups, but rather whether the startup creates significant value add Low-value-add businesses are affected strongly by those factors. If value add is high, those fa
903.
by muzz 13y ago
That's essentially claiming that somehow market forces don't apply to the database industry.
904.
by muzz 13y ago
Markets work. Look at the price of housing from 2007 to 2011, and if you understand the role of price in marketplaces, you'll understand why construction was so low.
905.
by muzz 13y ago
Yes it is entirely a canard. How many units were built in 2006, 2007, and 2008?
906.
by muzz 13y ago
The most-loved canard on HackerNews?
907.
by muzz 13y ago
"the way things should be" (according to low taxes, etc) is not the same as "the way things are" It is instructive to understand the difference, i.e. why entrepreneurs start businesses that thrive and succeed in San Fran
908.
by muzz 13y ago
Fixed land mass is a canard. Infill development requires little land. One Rincon Hill has almost 600 units and is built on about the size of a plot that a single-family home would have been built on, in most parts of the country. Rent con
909.
by muzz 13y ago
Instead of wondering they should, perhaps it would be more constructive/informative to learn why they haven't.
910.
by muzz 13y ago
You are basically doubting the current reality. Was San Francisco cheap when Twitter, AirBNB, Yammer, etc started?
911.
by muzz 13y ago
Agreed, and sadly the lack of that coming to fruition has not stopped them.
912.
by muzz 13y ago
Sigh. This canard keeps getting repeated on HackerNews. It's not 2011 anymore, when housing construction was at its lowest because of the overhang due to the massive real estate bubble. It's 2013 and a construction boom is under w
913.
by muzz 13y ago
Meanwhile, San Francisco is having a construction boom in rental property also: http://www.bizjournals.com/sanfrancisco/print-edition/2013/0... > There is clearly something massively dysfunctional in San F
914.
America's Leading Venture Capital Area Codes(theatlanticcities.com)
1 points by muzz 13y ago|0 comments
915.
by muzz 13y ago
Facebook and Powerset used to do something similar. With Facebook I think the deal was $600/mo towards rent if you lived within a mile of the office (then on Hamilton St in Palo Alto)
916.
Why You Need to Ring the Freaking Cash Register(bothsidesofthetable.com)
146 points by muzz 13y ago|73 comments
917.
by muzz 13y ago
Similar point raised by Jamelle Bouie: http://www.thedailybeast.com/articles/2013/07/15/the-trayvon...
918.
Why Stanford University produces so many celebrated web entrepreneurs(independent.co.uk)
2 points by muzz 13y ago|0 comments
919.
by muzz 13y ago
> Sign up for our mailing list to be notified of new episodes. No RSS feed?
920.
by muzz 13y ago
If declining prices-- as what happened from 2007-2010-- don't indicate overbuilding, what does? Anything?
921.
by muzz 13y ago
There were plenty of foreclosures and short sales in 2010-11, indicating overbuilding (be it because of over-buying / over-lending, regardlesss) in the previous few years (2006-2008). The article is from 2012. There are 140 projects u
922.
by muzz 13y ago
> you can't build anything This canard keeps getting repeated over and over in comments. Not sure if it is a projection of bias, or ignorance, or just denial of the facts. The reality is that tens of thousands of units (22,000 sinc
923.
by muzz 13y ago
You'd better tell that to builders who are putting up thousands of units in high rise buildings right now.
924.
by muzz 13y ago
New construction ABOUNDS "22,000 residential units are in various stages of approval and construction." More units are under way now than have been built from 1993-2011.
925.
by muzz 13y ago
It's almost as if you are repeating what the middle class considers to be its economic woes. Clearly, they cannot articulate their own economic woes-- it requires a multi-millionaire venture capitalist to tell us what is holding the m
926.
by muzz 13y ago
That was not your claim. Your claim was: "Nobody I know denies that the US IPO market almost entirely shut down after SarBox", which is simply contradicted by the data
927.
by muzz 13y ago
They had to pick an outlier as the example, because venture capital returns as a whole are so low that they would contradict the point the author was trying to make. As a whole, VC returns have not beaten simple index fund investing (S&amp
928.
by muzz 13y ago
The return of pre-IPO venture invest industry trails the performance of the post-IPO returns of the Dow, Nasdaq, and S&P 500 (not to mention that those are highly liquid, regulated, have more disclosure, are more accessible, etc): http
929.
by muzz 13y ago
Moreover, he believes that individual middle class investors will be able to invest and compete for returns with venture professionals, whose returns as you point out are not even as good as S&P 500 index funds.
930.
by muzz 13y ago
Certainly the middle class isn't being shackled by paying ordinary income tax rates of as much as 39% while VCs pay much lower taxes (previously 15%) as capital gains via the carried interest loophole. Certainly that isn't an adva

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