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How many quarters after Q1 2016 till Marissa Mayer is unemployed?
1 or fewer
2
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Her job is guaranteed; what are you even talking about?
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Konstantin
Jun 20, 2005
And the Lord said, "Look, they are one people, and they have all one language; and this is only the beginning of what they will do; nothing that they propose to do will now be impossible for them.
One big difference is that in poker, you actually have to spend time playing. A poker pro typically doesn't play in small stakes games, because it's not worth his time. In DFS, pros can and do play small stakes, since submitting a lineup only takes a few seconds.

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SurgicalOntologist
Jun 17, 2004

Dr. Fishopolis posted:

I think what you're not realizing is that you're in a small minority of people who take the time to figure out how the game really works. The vast majority of people dumping money in will never do that. If they did, the system would fall apart.

I realize I'm in the minority, but I can't see how it would hurt the game for people to understand how it works. It would stop the conspiracy theories. And if your suggestion is that understanding the odds would make them stop playing, that seems unlikely. If the belief that the game is rigged to the point where it is impossible to win hasn't stopped them, I'm not sure how a better understanding of the game would.

Konstantin posted:

One big difference is that in poker, you actually have to spend time playing. A poker pro typically doesn't play in small stakes games, because it's not worth his time. In DFS, pros can and do play small stakes, since submitting a lineup only takes a few seconds.

This is true and I'm not sure what the solution is. I mean, the obvious solution is to limit the pros entry to smaller stakes but I haven't seen a good way to do this. The sites have restricted the number of entries to low buy-in tournaments which has been popular but in my view has negative consequences. It separates the field into beginners and sharks, removing the middle ground and forcing bad bankroll decisions. As I mentioned earlier I started by mass entering 25-cent games but with the new limits that wouldn't be possible. I could play 50 x 25-cent lineups for $12.50 or 50 x $1 lineups for $50. But to get more than 50 lineups I need to move up to 150 x $3 lineups for $450 which was out of reach of my bankroll until recently (these limits are currently forced by state laws BTW and are based entirely on what feels right rather than any empirical analysis). So it wouldn't really be possible to grind from low to middle stakes anymore. These kind of rules are forcing people to move up in stakes before they're ready. On the flip side, if a "pro" hits the wrong end of variance and loses confidence in their strategy or needs to cash out due to a medical emergency or something are we really going to block them from playing lower stakes?

The only kind of rule I would support in theory is one that limits the total number of simultaneous entries, so that entering a 25-cent game means one fewer $100 entry. But I won't support any actual proposal because the proposed limits are always absurdly low and would preclude players like me, not beginners but certainly not pros, from using smart bankroll management. By just about any proposal to deal with this issue, I would either quit or be forced to play higher stakes than I'm comfortable with. Forcing people to play higher stakes is not a good look for an industry that's trying to avoid being seen as gambling.

Singe entry tournaments exist so people are free to avoid playing against people like me who enter lots of lineups if they wish. The funny thing is, though, that you need more points to win these tournaments because multiple lineups doesn't actually increase your ROI, just your volume.

I should shut up about this since it's a major derail. But the whole thing just drives me crazy. If I want to play 1000 25-cent lineups against other people playing 1000 lineups, I should be able to. I think that would be fun. And it would be interesting to have a game with no entry limits because there would be disagreement about the optimal number of entries. People who don't like that idea could play in the tournaments with entry limits. But no, it would be illegal to allow more than 50 entries in a 25-cent game.

SurgicalOntologist fucked around with this message at 19:02 on Nov 5, 2016

BarbarianElephant
Feb 12, 2015
The fairy of forgiveness has removed your red text.
Professional online poker sounds about as fun as WoW gold farming.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

exploding mummy posted:

Yes, the photocopier company that names itself after a photocopying process to the point where its name became just as ubiquitous as photocopying has no bearing as its name as a photocopying company.

Nobody knows what Xerox's name means, it was just a sequence of syllables to virtually every human who encountered it. That it became a generic sort of inverts causality, no?

feller
Jul 5, 2006


Subjunctive posted:

Nobody knows what Xerox's name means, it was just a sequence of syllables to virtually every human who encountered it. That it became a generic sort of inverts causality, no?

This is an even more tedious argument than whatever that crap about apple was

suck my woke dick
Oct 10, 2012

:siren:I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!:siren:

Put this cum-loving slave on ignore immediately!

Senor Dog posted:

This is an even more tedious argument than whatever that crap about apple was

It's also true.

Ask a random person if they understand the term xerography, they won't. Ask a random person if they understand the term xeroxing, they will.

withak
Jan 15, 2003


Fun Shoe
Every once in a while my work computer pops up a message saying that the printer is temporarily making xerographic adjustments when I try to print.

Sulphagnist
Oct 10, 2006

WARNING! INTRUDERS DETECTED

BarbarianElephant posted:

Professional online poker sounds about as fun as WoW gold farming.

I did it for a while in 2007 and 2008 when the boom was biggest, and to be honest I'm a little salty about DFS seeming to get a pass while Congress brought down the hammer on online poker at the behest of B&M casinos and dried the pond up. But it was pretty dreary unless you had the talent and persistence to make it big time. The clichéd wisdom goes, "it's a hard way to make an easy living."

But I wouldn't be too naive about DFS and cheating given that whenever there's large amounts of money moving there will be temptation to cheat: Ultimate Bet and Absolute Poker had their own massive cheating scandals back in the day. However DFS is clearly it's own animal and I know pretty much nothing about it and would've happily lived in ignorance if I hadn't had to listen to a DraftKings advertisement on every podcast.

OJ MIST 2 THE DICK
Sep 11, 2008

Anytime I need to see your face I just close my eyes
And I am taken to a place
Where your crystal minds and magenta feelings
Take up shelter in the base of my spine
Sweet like a chica cherry cola

-Cheap Trick

Nap Ghost

Subjunctive posted:

Nobody knows what Xerox's name means, it was just a sequence of syllables to virtually every human who encountered it. That it became a generic sort of inverts causality, no?

Yeah if Xerox was founded or named in 2016 I would totally agree.

But it was named 60 years ago and it wasn't genericized at that point so ignoring causality is idiotic.

I don't disagree with your point all that much either, Apple has no bearing on anything that Apple did, other than the fact that Jobs was on a fruit kick.

Arsenic Lupin
Apr 12, 2012

This particularly rapid💨 unintelligible 😖patter💁 isn't generally heard🧏‍♂️, and if it is🤔, it doesn't matter💁.


Subjunctive posted:

I know what all of them mean. None, with the exception of Compaq, convey to the layperson whether they are search engines, phone makers, pharmaceutical companies, or toys. Please see the post to which I was replying, it is relevant to my point.
Company names used to tell a story. You asked once what it meant, and somebody told you a story, and the story told you something about the company. It was mnemonic, and it was satisfying to those of us who like stories. It wasn't that you could reason out the name, it was that once somebody explained the name it made sense.

Now, when you ask somebody, "So, why Altiq?" (I made up Altiq. It no doubt exists anyway.) the answer is "It's just a name." Which isn't fun, and isn't easy to remember. I can remember Oracle. I can remember Hewlett-Packard. Palantir can remember me. Exabeam*? Whatever.

*Exabeam actually does exist.

BarbarianElephant
Feb 12, 2015
The fairy of forgiveness has removed your red text.
Hewlett-Packard sounds like an accounting firm. You only remember it because you've heard it so many times.

Dr. Fishopolis
Aug 31, 2004

ROBOT
there is literally no more enjoyable activity in san francisco than meeting a palantir employee and innocently asking something like "wait wasn't that that thing from lord of the rings that sauron used to spy on everybody?"

they get so, so angry.

WorldsStongestNerd
Apr 28, 2010

by Fluffdaddy

Subjunctive posted:

Nobody knows what Xerox's name means, it was just a sequence of syllables to virtually every human who encountered it. That it became a generic sort of inverts causality, no?

Maybe hang out with smarter people? Like is there anybody who doesn't know that xerox is short for the name of the actual process?

moebius2778
May 3, 2013

Bishounen Bonanza posted:

Maybe hang out with smarter people? Like is there anybody who doesn't know that xerox is short for the name of the actual process?

I'll admit it - prior to this discussion I didn't even know the word xerography.

I think I might've run into the term electrophotography before, but I'm not positive about that.

cheese
Jan 7, 2004

Shop around for doctors! Always fucking shop for doctors. Doctors are stupid assholes. And they get by because people are cowed by their mystical bullshit quality of being able to maintain a 3.0 GPA at some Guatemalan medical college for 3 semesters. Find one that makes sense.

Subjunctive posted:

Nothing as obvious as Google, Apple, Compaq, Xerox, or Hewlett-Packard, certainly.
There is a difference between a name that may or may not be recognizable, have a logical origin or make sense for a reason that might not be immediately obvious and a name that is a completely made up word with zero bearing on absolutely anything except that they were not taken, i.e. the Silicon Valley episode where he takes shrooms and tries to create a startup name.

The issue with Fan Duel and Draft Kings is that north of 60m people play Fantasy Sports and they promised investors that they could get at that market. They were not able to for a variety of reasons, including horrible new user experiences leading to bad retention rates, perceived or real collusion and cheating, lack of community, etc. It is possible they are still growing, but DFS sites are not taking the fantasy world by storm.

Rhesus Pieces
Jun 27, 2005

cheese posted:

They were not able to for a variety of reasons, including horrible new user experiences leading to bad retention rates, perceived or real collusion and cheating, lack of community, etc. It is possible they are still growing, but DFS sites are not taking the fantasy world by storm.

I'm not into fantasy sports or gambling at all but if I were I still would have avoided FanDuel and DraftKings purely to punish them for their absurdly aggressive and obnoxious ad campaigns.

Discendo Vox
Mar 21, 2013

We don't need to have that dialogue because it's obvious, trivial, and has already been had a thousand times.

Arsenic Lupin posted:

So, why Altiq?

quote:

Altiq is a hedge fund group set up to apply state-of-the-art technology solutions to investment management.Its founders have over 15 years experience in the field of quantitative finance, and have assembled a team of experienced professionals in order to build a class leading firm. The foundation of the company is a research driven approach, with intelligent decisions executed in an efficient manner. Whilst underlying market behaviour is complex and therefore requires a degree of complexity in the systems used to invest, Altiq believes that the investment proposition to its clients should be simple: an innovative investment approach, built on a well run business platform, managed by people they can trust.

The Team

Altiq was founded by Dr Sam Gover and Dr Peter Ho in 2009. Sam Gover has a degree in Electronic Engineering and a PhD in Digital Signal Processing from Imperial College, London. Peter Ho has a degree in Engineering and Computing Science, and a PhD in Bayesian Estimation from Oxford University. After completing their academic research, both joined IKOS in 1994. As pioneers in the electronic trading industry, they were among the first hedge fund managers to apply automated trading strategies in equity and derivative markets. Having joined the firm in its infancy they were instrumental in growing the fund and the business to become a multi-billion dollar top tier manager. Sam Gover was Fund Manager of the IKOS Futures and FX strategies, whilst Peter Ho was Head of Research and also manager of the IKOS Equity strategies. Between them they were also responsible for IKOS's flagship fund, the IKOS Equity Hedge Fund. Both have extensive experience in the fields of quantitative forecasting, risk management, and automated trading.

MiddleOne
Feb 17, 2011

Rhesus Pieces posted:

I'm not into fantasy sports or gambling at all but if I were I still would have avoided FanDuel and DraftKings purely to punish them for their absurdly aggressive and obnoxious ad campaigns.

Don't worry, you're not the target audience. Those obnoxiously aggressive ads exist almost solely to reel in addicts.

Qwertycoatl
Dec 31, 2008

Dr. Fishopolis posted:

there is literally no more enjoyable activity in san francisco than meeting a palantir employee and innocently asking something like "wait wasn't that that thing from lord of the rings that sauron used to spy on everybody?"

they get so, so angry.

Do they dislike that it's from a fantasy novel or that it's something a bad guy used to spy on people?

Ratoslov
Feb 15, 2012

Now prepare yourselves! You're the guests of honor at the Greatest Kung Fu Cannibal BBQ Ever!

Qwertycoatl posted:

Do they dislike that it's from a fantasy novel or that it's something a bad guy used to spy on people?

From what I hear, they dislike hearing about it from every nerd in Silicon Valley that read Lord of the Rings, which is like 98% of nerds in Silicon Valley.

archangelwar
Oct 28, 2004

Teaching Moments

Qwertycoatl posted:

Do they dislike that it's from a fantasy novel or that it's something a bad guy used to spy on people?

They dislike people broaching the negative connotations of the palantirs, as their recruitment process and company culture consists of extended stints of buying into the purity of the corporate vision and the sainthood of Peter Thiel.

archangelwar
Oct 28, 2004

Teaching Moments

cheese posted:


The issue with Fan Duel and Draft Kings is that north of 60m people play Fantasy Sports and they promised investors that they could get at that market. They were not able to for a variety of reasons, including horrible new user experiences leading to bad retention rates, perceived or real collusion and cheating, lack of community, etc. It is possible they are still growing, but DFS sites are not taking the fantasy world by storm.

Also legit insider info conveying a currently unmeasured advantage. Probably nothing more than existing machine learning setups or strong synthesis from publicly available NFL info channels, but single round fantasy could be highly sensitive to things like game plans, rep counts, and other things the NFL operates in. It would not affect anyone but the largest whales, but it appears the systems are dominated by relatively few large whales.

SurgicalOntologist
Jun 17, 2004

cheese posted:

The issue with Fan Duel and Draft Kings is that north of 60m people play Fantasy Sports and they promised investors that they could get at that market. They were not able to for a variety of reasons, including horrible new user experiences leading to bad retention rates, perceived or real collusion and cheating, lack of community, etc. It is possible they are still growing, but DFS sites are not taking the fantasy world by storm.

This is correct, and why they belong in this thread. They concocted a best-case scenario, sold investors on it, and then only planned for the best-case outcome.

archangelwar posted:

Also legit insider info conveying a currently unmeasured advantage. Probably nothing more than existing machine learning setups or strong synthesis from publicly available NFL info channels, but single round fantasy could be highly sensitive to things like game plans, rep counts, and other things the NFL operates in. It would not affect anyone but the largest whales, but it appears the systems are dominated by relatively few large whales.

This, on the other hand, is meaningless scaremongering. You realize that publicly available information and insider info are mutually exclusive? The name of the game is prediction so it's ridiculous to think that only the "whales" are interested in things like game plans and rep counts. That's all anyone in the community talks about. Projections are widely available and many of the top players (and not-so-top players) use paid subscription services rather than making their own projections. Among players making their own projections, the majority are reinventing regression in Excel. Sure, some are using machine learning, but there's a clear upper bound on the ability to project sports performances. The bigger challenge is understanding the uncertainty around each projection and formulating a strategy based on the probability distributions. I know several players who think in these terms but it's not common among the top players, and it's not a magic bullet in any case.

cheese
Jan 7, 2004

Shop around for doctors! Always fucking shop for doctors. Doctors are stupid assholes. And they get by because people are cowed by their mystical bullshit quality of being able to maintain a 3.0 GPA at some Guatemalan medical college for 3 semesters. Find one that makes sense.

Rhesus Pieces posted:

I'm not into fantasy sports or gambling at all but if I were I still would have avoided FanDuel and DraftKings purely to punish them for their absurdly aggressive and obnoxious ad campaigns.
There was a time, I think early last season, when it felt like every third ad on during a football game was for one of those sites, and they were always terrible.

archangelwar posted:

Also legit insider info conveying a currently unmeasured advantage. Probably nothing more than existing machine learning setups or strong synthesis from publicly available NFL info channels, but single round fantasy could be highly sensitive to things like game plans, rep counts, and other things the NFL operates in. It would not affect anyone but the largest whales, but it appears the systems are dominated by relatively few large whales.
The problem was less this and more that the very nature of how they created DFS was anti-small player. Since you filled out your team that week based on salary cap (essentially you got X dollars/points to spend on a roster, and the better players cost more money), the average player would buy some big name stud players and some others to fill out there team, but that never won you money. Not because you didn't pick players who did well, but because you would never win a poo poo load of money with those guys because everyone else had them too. It was all about picking the most insane, random lineup with 3rd string guys mixed in because if those crappy players lucked into a great game, you might be the only person in the whole multi hundreds of thousands of players tournament with that EXACT roster. The little guy with his 3 entries never had a shot, because even if he somehow won, there were probably 500 other people with his lineup too. They have tried to fix that with more focus on head to head matchups and other more logical playing formats, and downplaying the ONE MILLION DOLLAR MEGA POT GAME, but its too little too late for most people.

End of the day, this ignores the reality that most people play fantasy sports casually, and most people want to play with friends/family/co-workers. DFS is still a crappy way to have fun with your friends.

Arsenic Lupin
Apr 12, 2012

This particularly rapid💨 unintelligible 😖patter💁 isn't generally heard🧏‍♂️, and if it is🤔, it doesn't matter💁.


Discendo Vox posted:

Altiq is a hedge fund group set up to apply state-of-the-art technology solutions to investment management.
...
I rest my case. This is not in the class of company I would ever have heard of, so this isn't just my subconscious at work.

Time
Aug 1, 2011

It Was All A Dream

Bishounen Bonanza posted:

Maybe hang out with smarter people? Like is there anybody who doesn't know that xerox is short for the name of the actual process?

Hahaha what bubble do you live in where the majority of people you know the precise term for that process

Absurd Alhazred
Mar 27, 2010

by Athanatos
Add me to the tally of dumb people who didn't realize Xerox was named after an actual process.

cheese
Jan 7, 2004

Shop around for doctors! Always fucking shop for doctors. Doctors are stupid assholes. And they get by because people are cowed by their mystical bullshit quality of being able to maintain a 3.0 GPA at some Guatemalan medical college for 3 semesters. Find one that makes sense.
I think the average person would be aware both that Xerox is a company that makes equipment and that "to xerox" something also means, at least in the vernacular, to copy a document. I think most people (myself included) would be unaware of a technical term xerography upon which all of it is based.

archangelwar
Oct 28, 2004

Teaching Moments

SurgicalOntologist posted:




This, on the other hand, is meaningless scaremongering. You realize that publicly available information and insider info are mutually exclusive? .

Yes which is why I am almost baffled by the rest of your post because I was talking about the latter being a potential unmeasured influence in outcomes, and that it had a higher cost of entry compared to conventional strategy. It is the same issue that pervades standard football/sports betting, and I just speculated that it could potentially influence single day fantasy because you are operating at the individual level rather than the team. That isn't scaremongering, I'm not trying to paint your hobby in a negative light; you seem reflexively defensive.

Optimus_Rhyme
Apr 15, 2007

are you that mainframe hacker guy?

This is a great series of videos on 'Down Round' and the current 'bubble'


https://www.youtube.com/watch?v=5E75tW71_aQ

https://www.youtube.com/watch?v=uKg-t0B7kXM

https://www.youtube.com/watch?v=vMztvWtrNQs

https://www.youtube.com/watch?v=TTxBO-VU7SE

https://www.youtube.com/watch?v=wGFM2pW4Fmg

https://www.youtube.com/watch?v=To9Vw6Z0wgg

SurgicalOntologist
Jun 17, 2004

archangelwar posted:

Yes which is why I am almost baffled by the rest of your post because I was talking about the latter being a potential unmeasured influence in outcomes, and that it had a higher cost of entry compared to conventional strategy. It is the same issue that pervades standard football/sports betting, and I just speculated that it could potentially influence single day fantasy because you are operating at the individual level rather than the team. That isn't scaremongering, I'm not trying to paint your hobby in a negative light; you seem reflexively defensive.

Sorry if I overreacted; I was mainly responding to "legit insider info" which is very different than what you're talking about here. The biggest and most misrepresented of the DFS "scandals" centered around an accusation of insider info. That was what got the attention of many state AGs and kicked off all the negative press. Even though it's now clear that there was no insider info involved, the perception remains. And without the accusation of insider info I'm not sure why paying attention to game plans would constitute an "issue".

Dr. Fishopolis
Aug 31, 2004

ROBOT

This one drives me nuts. It's a bunch of VC guys handwaving how going from 3% to 20% down rounds in a quarter doesn't indicate anything more than a "needed slowdown".

"Companies aren't going public for some reason, which is maybe something to worry about."

No poo poo they aren't going public, they have no loving revenue model. The '99 bubble had a big IPO market because all those companies at least tried to sell something to someone. This should be an indicator of a deep, systemic problem that makes this bubble potentially worse than the last one, instead they're calling it "capital constipation" as if they have no idea what's causing it.

"There's less risk because most of the money is private."

Really? Pension funds are the single largest investors in venture capital. Everyone wants to talk like their LPs are mysterious wealthy donors who can afford to take on a ton of risk. They're not. They're pensions, endowments, charitable foundations, corporations, insurance companies and family offices. They're institutions that risk collapse when the VC bubble bursts, just like last time, whether this poo poo is public or not.

I mean, it's TechCrunch so it's not like this is an investigative report, but I have to wonder where the loving Frontline episode is about this, because investors need to be a shitload more worried than they are.

archangelwar
Oct 28, 2004

Teaching Moments

SurgicalOntologist posted:

Sorry if I overreacted; I was mainly responding to "legit insider info" which is very different than what you're talking about here. The biggest and most misrepresented of the DFS "scandals" centered around an accusation of insider info. That was what got the attention of many state AGs and kicked off all the negative press. Even though it's now clear that there was no insider info involved, the perception remains. And without the accusation of insider info I'm not sure why paying attention to game plans would constitute an "issue".

I'm talking about gray market insider info that has been traded around high stakes sports betting for some time, which is not something DFS sites can explicitly control. I remember the accusations last year, but wasn't that about an employee accessing and using internally controlled information for Draft Kings? I only bring it up because it is a differentiator between DFS and things like online poker. I have no idea if it is even a strong or influential factor, only that it is information asymmetry (game plans are not traditionally published, but are often leaked, for one thing).

Discendo Vox
Mar 21, 2013

We don't need to have that dialogue because it's obvious, trivial, and has already been had a thousand times.
Good news, everyone!

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quote:

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The SEPTA strike is what really drew attention of the My Ride to Vote organizers, per co-founder Anna Soellner, who said the PA-specific code was set up late Thursday.

A spokesperson from Lyft confirmed the partnership, noting that it fits the company’s mission to “make it easier for people to get around their cities” and that they are “always happy to see how others use the platform to connect their communities.”

As of Saturday night, the the My Ride to Vote crowdfunding page had raised more than half its $150,000 goal, via a single donor who gave $25,000 and more than 1,100 individuals who also chipped in. Those funds will be distributed across the country to various efforts run by the PAC, which started as an offshoot of San Francisco’s Voto Latino civic media organization.

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“It’s been crazy — just today we’ve raised more than $20,000 and still going,” Soellner said.

Weatherman
Jul 30, 2003

WARBLEKLONK

SurgicalOntologist posted:

Sorry if I overreacted; I was mainly responding to "legit insider info" which is very different than what you're talking about here. The biggest and most misrepresented of the DFS "scandals" centered around an accusation of insider info. That was what got the attention of many state AGs and kicked off all the negative press. Even though it's now clear that there was no insider info involved, the perception remains. And without the accusation of insider info I'm not sure why paying attention to game plans would constitute an "issue".

Dude are you financially invested or otherwise have some kind of stake in these companies? Because you've passed white knight and hit all-the-fury-of-a-thousand-suns incandescence at this point.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

Dr. Fishopolis posted:

Really? Pension funds are the single largest investors in venture capital. Everyone wants to talk like their LPs are mysterious wealthy donors who can afford to take on a ton of risk. They're not. They're pensions, endowments, charitable foundations, corporations, insurance companies and family offices. They're institutions that risk collapse when the VC bubble bursts, just like last time, whether this poo poo is public or not.

What pension fund has enough of its money in the VC asset class that it risks collapse when returns drop? That would be an unusual LP, I think.

Kobayashi
Aug 13, 2004

by Nyc_Tattoo

Dr. Fishopolis posted:

This one drives me nuts. It's a bunch of VC guys handwaving how going from 3% to 20% down rounds in a quarter doesn't indicate anything more than a "needed slowdown".

"Companies aren't going public for some reason, which is maybe something to worry about."

No poo poo they aren't going public, they have no loving revenue model. The '99 bubble had a big IPO market because all those companies at least tried to sell something to someone. This should be an indicator of a deep, systemic problem that makes this bubble potentially worse than the last one, instead they're calling it "capital constipation" as if they have no idea what's causing it.

"There's less risk because most of the money is private."

Really? Pension funds are the single largest investors in venture capital. Everyone wants to talk like their LPs are mysterious wealthy donors who can afford to take on a ton of risk. They're not. They're pensions, endowments, charitable foundations, corporations, insurance companies and family offices. They're institutions that risk collapse when the VC bubble bursts, just like last time, whether this poo poo is public or not.

I mean, it's TechCrunch so it's not like this is an investigative report, but I have to wonder where the loving Frontline episode is about this, because investors need to be a shitload more worried than they are.

I like how they went out of their way to make sure all the founders were women or minorities. You're not loving fooling anyone TechCrunch.

Analytic Engine
May 18, 2009

not the analytical engine

Kobayashi posted:

I like how they went out of their way to make sure all the founders were women or minorities. You're not loving fooling anyone TechCrunch.

They did the same for the "jobs are becoming scarce" video, and I thought they were going to juxtapose it with white & asian brogrammers saying "it's crazy how hot the market is for engineers!"

Arsenic Lupin
Apr 12, 2012

This particularly rapid💨 unintelligible 😖patter💁 isn't generally heard🧏‍♂️, and if it is🤔, it doesn't matter💁.


Subjunctive posted:

What pension fund has enough of its money in the VC asset class that it risks collapse when returns drop? That would be an unusual LP, I think.
Didn't some state pension funds bite it hard during the dot-com crash? I forget.

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blah_blah
Apr 15, 2006

SurgicalOntologist posted:

Even though it's now clear that there was no insider info involved, the perception remains.

My understanding was that certain employees of company A had access to data from bettors at company A (prevalence of individual player picks, etc) and used this information to (successfully) wager in the analogous contests on company B's platform. Is this understanding incorrect (it quite possibly is) or are you arguing that this isn't insider info?

One of the biggest problems with DFS relative to e.g. online poker in terms of a competitive ecosystem is that poker is a much more complex game to automate near-optimal play in (only HU limit holdem was anywhere close to being solved during the poker boom, which was very much a niche game), and that individual players can scale their play volume much more easily in DFS than online poker (efficiently multi-tabling more than a handful of tables was very difficult for all but a relatively small number of elite players, whereas in DFS it is relatively simple for very big winners to scale their volume to the appropriate amount given their bankroll/risk-tolerance/etc).

blah_blah fucked around with this message at 01:14 on Nov 7, 2016

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