Femtosecond posted:Slack is an example of how dysfunctional and weak Vancouver's startup ecosystem is. Their funding comes from the USA and they've split their company such that all the tech work is done in the Valley. So much for Vancouver having tech talent on hand. Some design and marketing work is done up here, I assume because Stewart Butterfield just likes Vancouver and doesn't want to move. Stewart Butterfield used to be my dad's boss and had no problem moving to the US when Yahoo bought Flickr. My dad was the only one at Ludicorp who refused - he's from California.
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Dec 14, 2015 04:01
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Ccs posted:I dunno, maybe in Toronto and Vancouver, but cynicism is alive and well here in the maritimes.
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Dec 14, 2015 05:08
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Ccs posted:I use Slack and I like it but I look at their list of competitors and there are a ton of companies doing the same thing. They may do it better than say Microsoft Lync, but $1 billion seems excessive. Slack is worth around 4B CAD at their current valuation. They had really meteoric growth around a year ago, much faster than any of their competitors (like Yammer, which ended up being acquired for over 1B); I'm not sure how things have changed since then. Also Lync is absolute garbage and not a competitor at all. blah_blah fucked around with this message at 06:13 on Dec 14, 2015 |
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Dec 14, 2015 06:11
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blah_blah posted:Slack is worth around 4B CAD at their current valuation. They had really meteoric growth around a year ago, much faster than any of their competitors (like Yammer, which ended up being acquired for over 1B); I'm not sure how things have changed since then. Private rounds are tough to value because of Rachet's and Shotgun clauses which usually encourage top ticking each valuation on a Revenue basis. Square, Box & Hortonworks are good examples of where Slack may go "soon".
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Dec 14, 2015 08:14
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https://next.ft.com/content/624ba40c-a19b-11e5-8d70-42b68cfae6e4quote:
quote:
Buckle the gently caress up motherfuckers cuz this bitch is about to take off
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Dec 14, 2015 08:17
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Technically they are raising interest rates by infinity percent. Something to think about.
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Dec 14, 2015 08:29
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Cultural Imperial posted:https://next.ft.com/content/624ba40c-a19b-11e5-8d70-42b68cfae6e4 I remember someone earlier in the thread saying that fixed rate mortgages were tied to the US somehow but I didn't quite get the explanation or how that made sense. Could someone please explain or post a link that explains things?
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Dec 14, 2015 09:01
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Hal_2005 posted:Private rounds are tough to value because of Rachet's and Shotgun clauses which usually encourage top ticking each valuation on a Revenue basis. Square, Box & Hortonworks are good examples of where Slack may go "soon". Sure, I understand the issues with late-stage startup valuations and the difference between common and preferred stock. But Slack wasn't one of the startups that got hit by the recent waves of writedowns (unlike Dropbox, Zenefits, and Snapchat, to name a few), although in general I haven't heard a lot from them recently. In any event, they are certainly doing much better (both in terms of valuation and growth trajectory) than e.g. Hootsuite is.
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Dec 14, 2015 09:02
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Terebus posted:I remember someone earlier in the thread saying that fixed rate mortgages were tied to the US somehow but I didn't quite get the explanation or how that made sense. Could someone please explain or post a link that explains things? Banks raise money for mortgages on the bond market. The bond market is affected by US Fed rate changes. The next couple of years of confused realtors complaining about how mortgage rates are too high when the BoC rate is zero should be fun.
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Dec 14, 2015 14:50
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Good morning and get hosed Canada http://www.bloomberg.com/news/articles/2015-12-14/never-mind-35-the-world-s-cheapest-oil-is-already-close-to-20 quote:
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Dec 14, 2015 15:47
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Reverse Centaur posted:Stewart Butterfield used to be my dad's boss and had no problem moving to the US when Yahoo bought Flickr. My dad was the only one at Ludicorp who refused - he's from California. The dude's name is actually Stewart Butterfield? I thought that was a joke for their ads.
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Dec 14, 2015 15:55
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peter banana posted:The dude's name is actually Stewart Butterfield? I thought that was a joke for their ads. Brother of Brian Butterfield? https://youtu.be/d6s994jOFuY
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Dec 14, 2015 17:13
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ocrumsprug posted:Banks raise money for mortgages on the bond market. The bond market is affected by US Fed rate changes. To elaborate, a bank has different expectations for returns depending on where it invests its money. If a bank can get 3% return from a super low risk government bond, it will demand a higher rate than 3% when investing in a homeowner to account for the increased risk. When US rates go up, Canadian banks will have a better place to put their money and will demand a higher rate from homeowners to account for increased risk.
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Dec 14, 2015 17:23
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Mantle posted:To elaborate, a bank has different expectations for returns depending on where it invests its money. If a bank can get 3% return from a super low risk government bond, it will demand a higher rate than 3% when investing in a homeowner to account for the increased risk. Not to mention the other possible trainwreck is with emerging market debts. EM got piles of loans thanks to things such as high commodity prices. http://www.bloomberg.com/news/articles/2015-12-06/pain-of-emerging-markets-revealed-as-debt-sales-sink-98-percent
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Dec 14, 2015 18:08
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e: whoops wrong thread
Juul-Whip fucked around with this message at 19:36 on Dec 14, 2015 |
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Dec 14, 2015 19:19
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The prospect of a interest rate hike is already squeezing junk bonds. It's mainly driven by higher interest rates means safe bets pay more and therefore higher yield junk options at the older rates start looking much less attractive vs. the delta to safer bond investments Emerging market debts are another area that will also get screwed over by the above, higher US interest rates means emerging market debt will have much less interest from lenders and even if they find lenders will have to crank up their coupon to make up for the higher risk.
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Dec 14, 2015 20:56
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I have like 6k in savings, what the heck should I be putting it into
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Dec 15, 2015 00:12
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heeheex2 posted:I have like 6k in savings, what the heck should I be putting it into If you have only 6k then you shouldn't be investing it at all.
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Dec 15, 2015 00:14
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Phew, good thing I bought a condo so I don't have to deal with these pesky tax increases. First step on the property ladder my rear end http://www.nsnews.com/news/2016-north-shore-propery-assessments-going-up-way-up-1.2132070 quote:This week, B.C. Assessment sent early notices to more than 2,130 property owners on the North Shore, warning that their assessments will be up significantly more than the average for their area. http://www.nsnews.com/news/2016-north-shore-propery-assessments-going-up-way-up-1.2132070
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Dec 15, 2015 00:17
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The jumps in valuations this year have been quite the thing to behold. Things really went off the rails in 2015 in Vancouver, as if they weren't already.
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Dec 15, 2015 01:47
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Lexicon posted:The jumps in valuations this year have been quite the thing to behold. Things really went off the rails in 2015 in Vancouver, as if they weren't already. It's almost as if this exuberance wasn't rational.
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Dec 15, 2015 01:54
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McGavin posted:It's almost as if this exuberance wasn't rational. Every time Vancouver makes me think "Yeah, this has to be it" we double down and go even more insane. The old reductio ad absurdum I used to have for Vancouver housing, was average house prices hitting $19 million inside twenty years. (What they are on pace for.) It looks less and less implausible all the time.
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Dec 15, 2015 02:33
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Russia sees the possibility of $30 oil http://money.cnn.com/2015/12/14/news/economy/russia-30-oil-budget/ quote:Russia is planning for oil prices to drop to $30 per barrel in 2016.
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Dec 15, 2015 04:39
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The person who times the bottom of this slide is going to be rich as all gently caress in four years. I need to HELOC my beard and pump it into oil.
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Dec 15, 2015 07:15
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heeheex2 posted:I have like 6k in savings, what the heck should I be putting it into Get 3-6 months savings in cash, put it away in a HISA or something. After you do this anything above this is investment money, the former is rainy day money for when our economy or your job disappears overnight. Rime posted:The person who times the bottom of this slide is going to be rich as all gently caress in four years. I need to HELOC my beard and pump it into oil. A smarter investment is Vancouver real estate, 18% YoY for 2015. It has nowhere to go but up you see.
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Dec 15, 2015 16:26
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Really I'm surprised that Vancouver homeowners aren't filling their abandoned investment condos with barrels of cheap-rear end crude oil. It's called a hedge, douchebags.
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Dec 15, 2015 17:50
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Rime posted:The person who times the bottom of this slide is going to be rich as all gently caress in four years. I need to HELOC my beard and pump it into oil. What if the bottom of this slide is the date when Saudi Arabia runs out of oil? I've seen the argument that Saudi Arabia and other oil producing states that can produce cheap oil at a price dramatically lower than everyone else will continue to sell their oil at their best price in order to take marketshare. I don't know a lot about oil markets and the history of oil, but this seems like a credible long term possibility to me. If you can easily undercut the competition, it makes sense to do so, otherwise you're pointlessly giving them breathing room. As nations continue to move toward renewables it makes sense to sell this product now.
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Dec 15, 2015 17:52
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Seat Safety Switch posted:Really I'm surprised that Vancouver homeowners aren't filling their abandoned investment condos with barrels of cheap-rear end crude oil. It's called a hedge, douchebags.  This is the most contangoest post ever in the history of the sa forums
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Dec 15, 2015 18:16
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sund posted:http://www.theprovince.com/news/musqueam+homeowners+again+take+band+court+over+lease/11572386/story.html This is my new favourite article about rich people crying. Dreylad posted:Amusingly (and not surprisingly), Bill Davis hates the current incarnation of the Ontario Conservatives, and also the fact that Stephen Harper listed Davis as one of his heroes. That's not entirely on the record, but I don't think he'd care either. He gave a interview in the Star during the last Ontario election where he basically said the current PC's have lost their way and he won't vote for them.
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Dec 15, 2015 18:59
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Femtosecond posted:What if the bottom of this slide is the date when Saudi Arabia runs out of oil? I've seen the argument that Saudi Arabia and other oil producing states that can produce cheap oil at a price dramatically lower than everyone else will continue to sell their oil at their best price in order to take marketshare. I don't know a lot about oil markets and the history of oil, but this seems like a credible long term possibility to me.
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Dec 15, 2015 19:09
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it's funny to think just a couple years ago there were multiple threads here about peak oil and how high oil prices meant the end of the world. and now that we're at the other extreme of the commodity cycle, people assume that these prices will last forever.
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Dec 15, 2015 19:21
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shrike82 posted:it's funny to think just a couple years ago there were multiple threads here about peak oil and how high oil prices meant the end of the world. and now that we're at the other extreme of the commodity cycle, people assume that these prices will last forever. Many countries across the globe are setting up infrastructure for alternate energy sources so the demand is probably not going to be as high as it once was anyway. Will it stay at $30/bbl? No. Will it shoot back up to $100/bbl? No loving chance.
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Dec 15, 2015 19:27
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Furnaceface posted:Will it shoot back up to $100/bbl? No loving chance. LMAO, famous last words. People much smarter than you have blown up billion dollar funds with bets like this.
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Dec 15, 2015 19:29
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You want to know what's funny? The nexus of peak oil pearl clutching, The Oil Drum had to shut down, presumably to save face. The site is still up for the lulz
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Dec 15, 2015 19:34
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Furnaceface posted:Many countries across the globe are setting up infrastructure for alternate energy sources so the demand is probably not going to be as high as it once was anyway. Will it stay at $30/bbl? No. Will it shoot back up to $100/bbl? No loving chance. The lesson you should've taken from the precipitous, anticipated-by-no-one oil drop is that this is an area of human endeavour where "no loving chance" assertions are best left unsaid.
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Dec 15, 2015 19:38
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LemonDrizzle posted:The Saudis can produce oil very cheaply in that it costs them very little to get it out of the ground, but they can't afford to sell it very cheaply for very long because their generous welfare system is the only thing that keeps the country from collapsing into an ungovernable mess that will quickly turn into a civil war. They're burning through their reserves at the moment and their borrowing costs are shooting up; they need oil to be selling at over $100 per barrel to get back onto an even keel. Even better climate change is expected to drive up middle east temperatures even more if it isn't stopped. The whole area is basically hosed in the long run.
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Dec 15, 2015 20:22
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etalian posted:Even better climate change is expected to drive up middle east temperatures even more if it isn't stopped. Good riddance.
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Dec 15, 2015 20:22
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jm20 posted:Get 3-6 months savings in cash, put it away in a HISA or something. After you do this anything above this is investment money, the former is rainy day money for when our economy or your job disappears overnight. This is what I did around this time last year as an attempt to become An Adult, since I had a chunk of cash sitting in my chequing account for no reason. I stacked a TFSA with enough to cover a year of rent, and put the rest in mutual funds through my credit union where I continue to put in a bit every month. In September I asked my credit union's Money Pro(tm) whether my investments are okay given oil prices dropping and lovely CAD and whatnot, and they assured me that because the majority of the holdings were in the finance industry, as opposed to energy/oil and gas, I was fine. But then I see things like:  And it makes me panic, because I don't know what the gently caress I'm doing and what I could/should be doing differently - other than hoarding my retirement savings under my mattress. 
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Dec 15, 2015 20:58
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Furnaceface posted:Many countries across the globe are setting up infrastructure for alternate energy sources so the demand is probably not going to be as high as it once was anyway. Will it stay at $30/bbl? No. Will it shoot back up to $100/bbl? No loving chance. Not as funny as my father and stepmother believing Harper lowered the price of oil to take pressure off of the struggling Canadian middle class. Thanks SunMedia 
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Dec 15, 2015 21:19
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Tipps posted:This is what I did around this time last year as an attempt to become An Adult, since I had a chunk of cash sitting in my chequing account for no reason. I stacked a TFSA with enough to cover a year of rent, and put the rest in mutual funds through my credit union where I continue to put in a bit every month. Go to the Finance Thread. You can ask specifics and get specific answers. tl;dr of investing right now is underweight (or short) Canada
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Dec 15, 2015 21:19
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