ralph84

21 ms·

331.
by ralph84 4y ago
It’s called Hacker News not VC News? There are far more hackers than VCs. And besides, VCs and their portfolio companies leverage the law to make other people do (or not do) things all of the time. IP law being an obvious example.
332.
by ralph84 4y ago
Given they were recipients of stolen funds, they are witnesses, if not unindicted (so far) co-conspirators.
333.
by ralph84 4y ago
For the masses, the only reason to use Coinbase at this point is to trade shitcoins. For BTC and ETH they can just use a normal broker like Interactive Brokers or Fidelity, that have been around for decades and know how to make money withou
334.
by ralph84 4y ago
When the most famous advocate of your philosophy is the perpetrator of one of the biggest frauds in history, the conflation is unavoidable. EA will have to rebrand.
335.
by ralph84 4y ago
> The cabins are handmade by Treesign, a local builder of tiny homes. Each house had to be hauled into position by a truck along several miles of dirt roads. This isn't sustainable living, it's a niche luxury product.
336.
by ralph84 4y ago
> the company holds no patents How can you work on something as nascent as autonomous trucks for six years and not come up with even a single unique idea?
337.
by ralph84 4y ago
> Does anyone here have historical knowledge of Europe's glory days? You mean the Renaissance? Since then it's been 400 years of brain drain to the US.
338.
by ralph84 4y ago
Stock isn't currency. It's an ownership claim on the assets and future profits of the company. If a stock price goes down it means people in aggregate have judged the assets and future profits to not be worth as much as they used
339.
by ralph84 4y ago
The purpose of low interest rates was never to help people own houses. It was to enable governments and corporations to paper over bad decisions by kicking the can down the road.
340.
by ralph84 4y ago
Let's see someone go after Sequoia for their hagiography of SBF and FTX. While it could be argued that reasonable people shouldn't expect football players or supermodels to have done due diligence, they certainly expect a VC to ha
341.
by ralph84 4y ago
Stack ranking still isn’t fully discredited yet?
342.
by ralph84 4y ago
Per-seat pricing is easy to budget for because it’s directly tied to headcount. Headcount is something non-technical people in finance and procurement understand. Be prepared for your sales team to be spending a lot more time explaining you
343.
by ralph84 4y ago
It's more than just that. You can buy a seat at the table for a lot less than $44 billion. SBF got a seat for $40 million.
344.
by ralph84 4y ago
Musk’s companies are famous for spending $0 on traditional marketing and PR. It’s not surprising he doesn’t understand how to keep marketers happy now that they’re his customers.
345.
by ralph84 4y ago
Another company that copied the engineering practices of Google without the profitability to support a huge internal tools team.
346.
by ralph84 4y ago
Or late night radio ads asking people to snail mail a resume with a specific job reference code. The chances that someone qualified for the job both hears the ad and is in a position to write down an address and reference code are basically
347.
by ralph84 4y ago
I'm playing the world's tiniest violin for car dealers who have spent the last two years gouging consumers with "additional dealer markup" as their value-add. At least Carvana bidding up the price of used cars benefited
348.
by ralph84 4y ago
My finance colleagues (Fortune 100 company) who spend all day updating the general ledger in SAP will be interested to learn SAP doesn’t make accounting systems.
349.
by ralph84 4y ago
There are a lot of fucked up things about FTX, but "omigod they didn't use SAP" isn't one of them.
350.
by ralph84 4y ago
The problem with that is the rankings are used as an input for hiring decisions, so then it's just a self-reinforcing feedback loop.
351.
by ralph84 4y ago
Agreed. It's certainly possible to build way more robust controls using chatops than email or some internal "enterprise" app. FTX may not have implemented it this way, but one could envision the chatops automatically requirin
352.
by ralph84 4y ago
That's them saying you can't sue them if the code Copilot suggested doesn't work. Regarding someone else suing you because you used Copilot, their terms say: > GitHub will defend Customer against any claim brought by an un
353.
by ralph84 4y ago
"You might get sued if you use this software you paid for" is already covered via an indemnification clause in any reasonable enterprise software license agreement. I'm sure Microsoft/GitHub will be no different in indem
354.
by ralph84 4y ago
In general dealers are relentless in maximizing their profit on each deal and turn the negotiation into an all-day grind of dealing with overpriced unnecessary add-ons and inflated financing rates. Dealer employees are not employed by the O
355.
by ralph84 4y ago
Knight was the largest market maker on NASDAQ and NYSE at the time they blew up so if you're going to use "they're just a market maker" as a defense for JS you can't dismiss Knight as "oh, not THAT kind of mark
356.
by ralph84 4y ago
Being a market maker doesn't exempt a firm from blowing itself up. See Knight Capital.
357.
by ralph84 4y ago
Travel is going to crash hard again once the pent-up demand for post-pandemic vacations is fulfilled. Lots of Fortune 500 companies, many of them quite profitable, have implemented travel restrictions within the last quarter for budget reas
358.
by ralph84 4y ago
Because on-chain transactions are expensive and exchanges offer cheap off-chain transactions. If you could transact on-chain as cheaply as you can move money between a checking and savings account of course people would do that.
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by ralph84 4y ago
The reason immigrants are allowed to immigrate is because of their willingness to work for lower wages. Whether you think that's fair or not that's the reality.
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by ralph84 4y ago
Gone forever, not “trapped”

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