thegranderson

6 ms·

1.
by thegranderson 4y ago
Commissions are 30-40% of an auto dealer's costs as a % of gross profit. If salespeople don't have to negotiate price, you can cut a lot of that cost and focus on higher margin (e.g., financing) and subscription products (e.g., pa
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by thegranderson 5y ago
$800mm was confirmed on the SNOW earnings call. 80% stock, 20% cash.
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by thegranderson 5y ago
Seems like another DNS issue - switching to Cloudflare 1.1.1.1 got me back online...
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by thegranderson 5y ago
FAANG companies will primarily be differenated based on network or software, rarely commodity hardware. They don't need to go all the way to silicon if they can just tune the designs for their workloads. We're early on in that pro
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by thegranderson 7y ago
I think the disagreement is with this claim from the article (2nd to last paragraph): Sci-Hub, more so than RG, therefore seems to have a greater potential for disrupting the current order of things and poses a significant threat to publis
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by thegranderson 7y ago
Though I know the Nobel is focused on theoretical contribution, I found this discussion interesting: https://andrewbatson.com/2019/10/25/who-deserves-the-nobel-f... The editorial Batson is reacting to (by Yao
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by thegranderson 7y ago
Recently came across this interesting approach for organizing knowledge across all domains (life and work): https://praxis.fortelabs.co/the-p-a-r-a-method-a-universal-s... I haven't fully implemented it yet, but the ge
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by thegranderson 7y ago
Point #2 actually follows from Point #1. Hayek makes this argument very thoroughly in The Road to Serfdom: Advancement within a totalitarian group or party depends largely on a willingness to do immoral things. The principle that the end j
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by thegranderson 7y ago
Overcast (a podcasting app) has great features to optimize the high speed listening experience. They have variable speed, a great silence trimmer, and a voice boost that makes speech clearer.
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by thegranderson 7y ago
This is almost certainly not written the way it is because he is an asshole (though I have no idea, he might be), but rather because investors seeking to make an investment can be a massive waste of time. They'll say they are open to y
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by thegranderson 7y ago
Overall, seems like growth is slowing, especially in the ridesharing business, and losses keep expanding. Will be interesting to see how they frame that on the call, as 9% YoY growth in the ridesharing business (10% YoY on adjusted net reve
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by thegranderson 7y ago
Press Release: https://investor.uber.com/news-events/news/press-release-det... Slides: https://s23.q4cdn.com/407969754/files/doc_financials/2019/Q1... Webcast (starting at 4:30
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Uber Reports First Quarter 2019 Results(businesswire.com)
3 points by thegranderson 7y ago|2 comments
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by thegranderson 7y ago
Full Text: ALWAYS-ON WORK CULTURE CREATING ‘BROKEN’ PEOPLE, SAYS REDDIT CO-FOUNDER Alexis Ohanian speaks out against toxicity of ‘hustle porn’ that glorifies ‘most absurd things’ Alexis Ohanian, venture investor and husband of tennis supers
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by thegranderson 7y ago
As those below mentioned, you have to use TEV here. Based on TSLA Q2 2013 vs. Q1 2019 financials, you end up with a TEV in 2013 of $28.2B vs. today of $44.3B. The 2013 calc is: $240/sh * 118mm shares = $28.4B market cap, less $746mm ca
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by thegranderson 7y ago
A few points: 1. This is a great way for Catalyst to get a potential rising star some operational experience in a low-risk situation (lots of other Catalyst people apparently involved, short timeline, etc.) 2. She said she was involved with
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by thegranderson 7y ago
This focuses on just one source of plastic pollution, of which there are many. I found this resource helpful to understand more about the broader scope of the problem: https://ourworldindata.org/plastic-pollution
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by thegranderson 7y ago
I believe you're thinking of SWIM, or "Someone who isn't me," which is apparently used to avoid self-incrimination
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by thegranderson 7y ago
There are many industries where this happens. Biotech and drug development is particularly prolific in this regard. Often drug development companies spend tens to hundreds of millions creating a drug, only to have the whole company bought o
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by thegranderson 7y ago
Full-text, for those blocked by the paywall: SoftBank Founder Masayoshi Son Lost $130 Million on Bitcoin Japanese billionaire made a huge personal investment in the digital currency as prices peaked By Rachael Levy and Liz Hoffman April 2
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by thegranderson 8y ago
Appears to be a series of generic, generated fake startups, like the AI-generated faces at https://thispersondoesnotexist.com/ [appears to be down]
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by thegranderson 8y ago
Once you do some research on KBB and the like about what cars are reliable to buy used at that price point, I like Cargurus.com for actually finding the car. They have a ton of inventory, can connect you directly with the dealer/seller
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by thegranderson 8y ago
While I would agree that the comment you're responding to is probably using the term incorrectly, there is definitely such a thing as insider trading in private equity. Knowing that a public company is about to be taken private by a fr
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by thegranderson 8y ago
This budget for FY18 looks completely incorrect - where is the $500b+ of defense spending?? It shows up in their FY17 budget, but has shrunk by 10x in FY18. Try USA Facts for a more accurate, if older, view: https://usafacts.org&
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by thegranderson 8y ago
As I understand it, the Boring Company's strategy is to dig smaller tunnels. Since the volume of earth that must be moved scales with the square of the tunnel radius[1], a tunnel that is half as wide only requires a fourth of the dirt
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by thegranderson 8y ago
Actually, NYC is very safe compared to most metro areas in the US. On a 2016 ranking, it was the 95th most dangerous metro area out of the 105 ranked. https://smartgrowthamerica.org/dangerous-by-design/
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by thegranderson 9y ago
Where do you think Spotify's mobile app falls in this landscape? I would argue it is a great balance between new user needs (the Home and Discover areas), with most power user needs in the playlist/search/playback portions. I
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by thegranderson 9y ago
I'm a regular reader of Howard's memos, which are usually pretty on point and thought provoking (the rest of this memo generally fits that description, thought mostly just says things are expensive.) In this case, however, I'
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by thegranderson 9y ago
In what way is this "donation" not a bribe? Just because it goes to the government at large vs. an individual?
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by thegranderson 10y ago
While that is an unfortunate situation, I would actually imagine Amazon's entry to this market (which they actually entered over a year ago), would be good for the restaurants. Many thought they had some diversity in the early days wit

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