raiyu

55 ms·

481.
by raiyu 9y ago
True which is why one of the more mature (timeline) SaaS companies, Dropbox, decided to in-house their infrastructure to bring costs down. While this was a massive undertaking that took many years, they were able to achieve it and are repor
482.
by raiyu 9y ago
There are a few inconsistencies here for sure, as in if you don't buy the house you still have to pay for rent. But I think the largest takeaway is that really financing the house eats away the most amount of profit. The benefit to fin
483.
by raiyu 9y ago
An average is just that, meaning prices below and above. Chelsea is a much more desired neighborhood than midtown, which is one of the least desired neighborhoods. So a 5-10% premium for Chelsea is actually on the low side, and isn't r
484.
by raiyu 9y ago
There are always macro trends going on in fashion and clothing tastes change every few years, however what I found interesting is that they compared technology spending vs clothing spending, but this isn't the right comparison. We are
485.
by raiyu 9y ago
There are certainly battles they are fighting but if they have over $5B in cash reserves and are profitable to an extent that's no where near the fight that Uber was waging in China were it was burning (net loss) of over $1B a quarter.
486.
Open Source at DigitalOcean: Extending Go-Libvirt with Code Generation(blog.digitalocean.com)
3 points by raiyu 9y ago|0 comments
487.
by raiyu 9y ago
Not sure why this comment was voted down, it's actually quite true, as I was a NYC resident for 25 years and my dad drove a cab there as well. Uber the company may have been egregious in many ways, but along with Lyft and the iPhone an
488.
by raiyu 9y ago
Yes but I believe that figure is revenue before paying their drivers, so it would be 30% of that, or $3B. Still nothing to scoff at.
489.
by raiyu 9y ago
Except for when Patreon updated how they collect payments about a month ago and that made it very expensive for patrons to donate to a large number of different people small amounts so they started cancelling their $1 and $2 donations becau
490.
by raiyu 9y ago
This is so spot on! This isn't exclusive to supermarkets but many other industries and the problem is always the same. Someone looks at the bottom line and realizes that hey 50%, 60%, 80%, of revenue comes from product A, and B through
491.
by raiyu 9y ago
That would imply that Miners need an incentive in order to mine bitcoin, which would make sense. However, don't forget that there are also transaction fees that they get. So technically when mining is finished they will be making a ret
492.
by raiyu 9y ago
I'm not asserting that scarcity or effort alone create value, but without those two components you won't have value. So not everything that is limited is valuable, however everything that is valuable is limited. Just imagine if so
493.
by raiyu 9y ago
A corollary is to say that this is what free markets look like when driven by greed. We can't just blanket say that any government interaction with a market is negative. Sure many aspects are. But there are positives as well. If you lo
494.
by raiyu 9y ago
Think of it this way. Let's say that to get 1 Bitcoin I could just install an app on my computer, and within 1 second get a Bitcoin. Then everyone in the world can make as many bitcoins as they want, there are no limits on the number o
495.
by raiyu 9y ago
You hit the nail on the head, the challenge with Blockchain and Bitcoin is that it did two things, which together were supposed to tackle the original problem, peer to peer monetary exchange without a trusted intermediary. So for that the b
496.
by raiyu 9y ago
Any ICO from a newly formed company is entirely at risk. An ICO from Kik or Telegram is different to an extent in that there is already an entity behind it. Of course if there were no "blockchain" they would simply issue tokens li
497.
by raiyu 9y ago
Not necessarily. Companies still need to charge you for a service, so instead of buying something directly you buy tokens from them and then use them. That has been in use by companies for quite some time, just that the tokens were primaril
498.
by raiyu 9y ago
Not really. Fiat currencies today are issued and backed by governments. When the government fails and the country falls into deep debt or other issues, they currency becomes devalued. So everything is ultimately backed by something to an ex
499.
by raiyu 9y ago
If you went to a Seed fund and tried to pitch them your idea (whitepaper) with no working prototype 99 out of 100 times you wouldn't get any funding. After you have your MVP then they will start asking you for traction. Again 98 out of
500.
Menlo, Benchmark, First Round sell Uber stakes worth hundreds of millions(techcrunch.com)
2 points by raiyu 9y ago|0 comments
501.
by raiyu 9y ago
That's what I'm referring to, if the laws exist but there isn't a specific common good that they are addressing that the new entrant is destroying or hurting, then the laws should be adapted over time. Certainly they could ha
502.
by raiyu 9y ago
The value has already been cut in half from the peak raise, however him selling shares isn't a bad outlook for company. He's no longer CEO, part of the deal is he won't be chairman, he will be for all intents and purposes not
503.
by raiyu 9y ago
Yes and no. Was it operating in a gray area, yes. However, that gray area wasn't the equivalent of dumping toxic waste into a river to build some product. The gray area was around how taxis were regulated in markets. As a frequent Uber
504.
by raiyu 9y ago
I can't find the link but this isn't the first time that someone has wrongly called the police on a household where one of the innocent occupants was killed. The person making the call was charged with manslaughter I believe, so t
505.
by raiyu 9y ago
The investor public market bit could be true but it's not about whether cloud is cheaper but how it is treated from a financial reporting perspective. If you own the hardware or use debt it appears on side of the balance sheet where as
506.
by raiyu 9y ago
The largest cost will be in sales and marketing. They offer large incentives to get drivers to sign up, such as offering cash for becoming an Uber driver. They also want to provide the best price possible to consumers, so that sometimes tha
507.
by raiyu 9y ago
Good case by case review of the measures. What I would love to see Stripe do more is look at the billing history for a particular card since they are a platform that extends across so many companies using them, so if they catch fraud in one
508.
by raiyu 9y ago
I think you captured this notion quite well and I think it's very interesting that for a decentralized system people have immediately given up on that so called benefit because it wasn't as easy to use as a trusted intermediary. T
509.
by raiyu 9y ago
This is spot on. Otherwise every decision would just be made through a review of data and only the first country to make a massive change would be venturing into the unknown while everyone else could simply observe what happens and decide t
510.
by raiyu 9y ago
It would be fantastic if they did this, really don't see why they don't unless they are buying their data from someone else in which case they will have limits on how they can reuse that data. Been a cofounder of a finance startup

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