rlucas

11 ms·

61.
by rlucas 7y ago
One reason why ACH is tricky with consumer accounts is that there are LOOOONG reversal windows (~30 days) whereas the business transfers ("Corporate Credit and Debit") are final in 24-48 hours. That means for consumer accounts the
62.
by rlucas 7y ago
Investment bankers talk about “The Window.” When The Window is open, you can “File.” When the window is closed, you can’t file. (General rule) The window can slam shut at any time. It is usually declared open after 1-2 obviously strong fil
63.
by rlucas 7y ago
Your last graf implies that there was some nefarious favoritism that gave a turbo boost to Seattle's 2nd Ave bike lane project, due to the connectedness of the woman killed shortly before it took effect. If you are referring to the wel
64.
by rlucas 7y ago
It’s the fact that the source of sound is often 10-20 cm from your ear. As the average source-ear distance grows though, their lung volume grows too so you end up with a looong period of dangerous sound pressure levels.
65.
by rlucas 7y ago
Very true. In Calgary for example, following the drop in oil price there’s a rumor that over 50% of the downtown office space is empty, but landlords won’t drop rents for this very reason. In such times you see all kinds of shenanigans such
66.
by rlucas 7y ago
It's a 1920s (pre-FDIC) bank, or a 2008-style risky financial instrument, like an Auction-Rate Preferred. WeWork's business model is "borrow short, lend long." That is, they accept very short term promises to pay (month
67.
by rlucas 7y ago
Softbank deals are hardly what I would call VC-style -- certainly not "early" or even "mid stage" venture. Their very size tends to require much later-stage deals to absorb the large check sizes. This is growth or bord
68.
by rlucas 7y ago
This coverage leaves out that the expedition and recovery were financed by one of the successful sons of Middlesboro, Kentucky, who put the refurbished plane in a museum airstrip in that town as a trophy. Disclaimer: family hails from near
69.
by rlucas 7y ago
I doubt it's due to the EV's regenerative braking; if anything, that's a more complex system with more things that can go wrong. The answer is probably easier: a Prius is 3300 lbs and a Dodge Ram is 6600 lbs and carries much,
70.
by rlucas 7y ago
One of the things the internet has been really great at is allowing those small (n~50) networks with high trust for e.g. identifying trusted vendors, but for really niche things where it’s hard to get an organic local network. Think new pro
71.
by rlucas 7y ago
There’s a reason that works (sorta, mostly, and when it does). The infrastructure of web navigation and search is foundationally built on textual, first party published content that enjoys some presumptions of good faith authorship: that it
72.
by rlucas 7y ago
Most cities of scale, certainly Seattle and Portland, have drunk tanks and vans that are on call to scoop up non criminal drunks to dry out. In Seattle it’s called “SUV” and in Portland it’s contracted to a group called “Chiers” (hah).
73.
by rlucas 7y ago
Life Improvement Protocol: Move as much as you can of your decision space into "default trust" environments. Save the "default skepticism" environments for areas where your counterparties are particularly sketchy and&#x2
74.
by rlucas 7y ago
In my limited experience -- there's a lot of corporate "innovation groups" or SWAT team kind of things that get put into a WeWork. It's very rational -- if you are an "intrapreneur" and wanting to break out you
75.
by rlucas 7y ago
In the very best of circumstances your approach would be optimal. And in fairness at later rounds or M&A this is what you hire an I banker for — To create an auction. But the great majority of firms raising a Series A aren’t so obvious
76.
by rlucas 7y ago
My Unix time question is, when I do “sudo date <DDMMhhmmyyyy>” and then get a sudo password prompt, is the time supposed to take effect before or after the sudo is authenticated? Emprically it seems to be after but that seems wrong; s
77.
by rlucas 7y ago
...aaaand, Uber (meaning, the owners of Uber pre-IPO) has less ownership in the business afterwards. Sure, you can argue that the $8.1B is something "real" that the owners of Uber have more of, afterwards. But you also have to ack
78.
by rlucas 7y ago
True, but for over a decade Postgres common wisdom has discouraged using the OID for anything in the app level. As I recall, OIDs only ever came up in practice if you wound up wrapping the 32 bit uint.
79.
by rlucas 7y ago
There's a banking product for that, it's called a safe deposit box.
80.
by rlucas 7y ago
Understood, although eventually it has to become "economical" or it doesn't fly. My point was, you can view the alcohols as a feedstock for the gasoline production, and given that, you might just stream in large quantities of
81.
by rlucas 7y ago
If the alcohol upgrade to gasoline makes sense technically and economically for you, why is it not commonly done with (presumably much cheaper and extant in great volume) industrial alcohol today?
82.
by rlucas 7y ago
1. Corporations exist to benefit their shareholders over some term (short, long, whatever) as the shareholders ask for, through their elected board of directors. I tend to be sympathetic to what you're saying about taking the long vie
83.
by rlucas 7y ago
And to further complicate things, neither jobs performance nor broader economic performance (i.e. GDP growth) correlate really well with the stock market. So beware trying to market-time on macro indicators alone -- sometimes bad times for
84.
by rlucas 8y ago
This is not how it works. The dam in Oregon (or anywhere) doesn’t work on kinetic energy from the flow. In fact it often is stopping the flow (dissipating the kinetic energy) entirely. The elevation drop that matters is from the top of the
85.
by rlucas 8y ago
The current Bankrate benchmark 30-year is 4.17%. That is, by historical standards, absurdly low. The likelihood that a rate drop will 1. occur, and 2. materially contribute to your financial well-being, is very low. Part of the reason is t
86.
by rlucas 8y ago
> BeerAdvocate, of all things, takes on this problem with interesting meta-info like "reviewer's average distance from consensus". There's a lot to be said for intelligently dealing with ratings and their metadata in
87.
by rlucas 8y ago
Good point, YC is a uniquely powerful market participant these days and has both the power and the breadth of portfolio to negotiate hard.
88.
by rlucas 8y ago
I actually agree (broadly) with your statement about founders. As far as what the VC is optimizing for -- fair enough, I am only pointing out that saying the 1 point difference in, say, a 10 or 11 point equity stake is somehow actually only
89.
by rlucas 8y ago
I don't disagree with what you're saying schematically. I agree that there's a lot of propaganda that serves the money machine, and that it's not suitable for most founders. I think the specific numbers you're prov
90.
by rlucas 8y ago
Pro-rata doesn't mean what you are implying. Pro-rata is in theory the right (but not the obligation) to buy back in, at the new price, to get back to your prior ownership level. In practice however, pro-rata is a firmly stated pol

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