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Zachack posted:The folding/bending seems pretty neat, and when I asked about pince nez late last year from my optometrist I was told they were very uncommon outside of niche specialty/fashion, so if this means I can get cheap frames for my nerd vr needs then they can claim to be futuro disrupto imagination wizards for all I care. with the best will in the world your optometrist was probably doing you a favour fashion-wise
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Feb 10, 2019 23:15
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Steve French posted:You omitted the part where the dude started right off the bat with the goal of building a billion dollar company, which is pretty important context and certainly impacted funding rounds and resulting investor expectations. For sure, but my overall point is there's no such thing as setting VC expectations for less than 100% YoY growth (and in the first couple of years, even doubling revenues every year probably puts you on the loser track in a VC's mind)
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Feb 10, 2019 23:17
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Heck Yes! Loam! posted:Somehow I can't imagine those being comfortable They're plenty comfortable as long as you get them custom fitted, though they're rather out of style these days. And of course they stay on less well than regular frames no matter what. Kind of the whole reason they went out of general use a century plus ago.
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Feb 10, 2019 23:19
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Steve French posted:You omitted the part where the dude started right off the bat with the goal of building a billion dollar company, which is pretty important context and certainly impacted funding rounds and resulting investor expectations. You won't get anywhere in Silicon Valley if your pitch doesn't include a path to the unicorn club. Maybe 10 years ago there were VCs interested in multi-million dollar companies, but that poo poo is a rounding error in industry dominated by trillion dollar companies.
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Feb 10, 2019 23:26
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enki42 posted:For sure, but my overall point is there's no such thing as setting VC expectations for less than 100% YoY growth (and in the first couple of years, even doubling revenues every year probably puts you on the loser track in a VC's mind) Kobayashi posted:You won't get anywhere in Silicon Valley if your pitch doesn't include a path to the unicorn club. Maybe 10 years ago there were VCs interested in multi-million dollar companies, but that poo poo is a rounding error in industry dominated by trillion dollar companies. Neither of these is consistent with my personal experience. I'll happily believe that it's the norm, and for sure believe it is when you, like that guy, go out with "billion dollar company" from the word go. But I'm not convinced it is a universally applicable rule.
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Feb 10, 2019 23:53
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i'll just leave this here
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Feb 11, 2019 02:17
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He who shall not be named should totally apply
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Feb 11, 2019 02:43
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Do you remember the killer app for Ethereum? The one about collecting and breeding glittercats that managed to slow down the cryptocurrency network because of its popularity? Yeah, it's dead. https://twitter.com/cryptocatapp/status/1092712064634753024 EDIT: Whups, this isn't it. This was an actual project to allow secure messaging and nothing to do with cryptocurrency! CryptoKitties still exists and is still dumb. Sage Grimm fucked around with this message at 05:20 on Feb 11, 2019 |
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Feb 11, 2019 05:17
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Well how about some refreshing cryptocurrency news on the other hand. https://twitter.com/BrendanEich/status/1094462602812379136 Bet the victims of this still praise the fact that there's no centralized system that can reverse fraudulent transfers!
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Feb 11, 2019 05:40
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Yup they caught my app that offered "Wallets so secure but even you will be able to get in"
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Feb 11, 2019 15:29
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enki42 posted:Any startup with "double digit" yearly growth is an abject failure in the eyes of a VC. VCs usually consider a startup struggling unless it has 10%-20% month-on-month growth. One saying is "triple triple double double double", which means you should triple your revenue in years 1 and 2, and double your revenue for the next 3 years. That's considered a baseline to be on an IPO path. Even if you take the company to IPO, as a founder you'll be under the 6 month 144 restriction. A lot can happen in 6 months. I should know (Lightspan IPO 2/2000, Market Cap ~ $1B).
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Feb 11, 2019 20:23
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Doggles posted:Well how about some refreshing cryptocurrency news on the other hand. People (myself included) bitch about Apple's app review process, but it does have its upside.
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Feb 11, 2019 20:24
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VideoGameVet posted:Even if you take the company to IPO, as a founder you'll be under the 6 month 144 restriction. A lot can happen in 6 months. I should know (Lightspan IPO 2/2000, Market Cap ~ $1B). ESR had a giant "How I'll spend my millions!" post that talked up his paper fortune in December right after IPO, trading at ~$240, while his shares were locked up till June, trading at ~$40. And that's assuming he liquidated ASAP and didn't hold on like a true believer.
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Feb 11, 2019 20:45
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Switzerland posted:i'll just leave this here that isn't what Just In Time means!
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Feb 11, 2019 22:34
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Johnny Five-Jaces posted:that isn't what Just In Time means! But it's buzzwordy and will bring in VC funding!
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Feb 11, 2019 23:02
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Drilling lots of holes under a city that that lies right over the San Andreas Fault...truly disruptive technology.
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Feb 11, 2019 23:04
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Johnny Five-Jaces posted:that isn't what Just In Time means! Drilling On Demand. Microtrenching as a Services.
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Feb 11, 2019 23:04
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JawnV6 posted:Psh, you think we're pre-drilling tunnels?!? How silly, VC's don't make infra investments. This would be the plot of an idiocracy sequel. Which means VCs are currently figuring out how to make it happen.
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Feb 11, 2019 23:15
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The company is valued at 1 trillion dollars because we'll invest a billion dollars of seed capital to hire some researchers and produce a revolutionary technology worth trillions, so those stock options we're giving you instead of a proper salary will make you really rich once we IPO. No I don't know the first thing about science why do you ask
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Feb 11, 2019 23:16
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how is this person going to get waivers from the property owners that he is drilling under? what's the disruptive strategy for getting permits? it's all so god drat stupid! this is my first time in this thread and I was hoping to just have a quick laugh. i assume it was like this for all of you, once
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Feb 11, 2019 23:22
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Johnny Five-Jaces posted:how is this person going to get waivers from the property owners that he is drilling under? what's the disruptive strategy for getting permits? it's all so god drat stupid! Doesn't matter. They'll raise $10M from investors and use their new cred to get funding for their next venture. By the time permitting questions are being asked, this dude will be a permanent fixture in the tech-grifter class.
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Feb 11, 2019 23:28
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someone show that guy this video https://www.youtube.com/watch?v=sd58w0CXQrM
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Feb 12, 2019 00:06
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Switzerland posted:i'll just leave this here Me: Has money and wants more You: Willing to do all the hard work to make that happen
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Feb 12, 2019 00:49
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My innovative technology uses a disruptive drilling of shafts to attack the problem of delivering parcels. It's a DDoS Attack but for good!
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Feb 12, 2019 01:13
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All the Bad Things About Uber and Lyft In One Simple Listquote:Here’s the latest evidence that Uber and Lyft are destroying our world: Students at the University of California Los Angeles are taking an astonishing 11,000 app-based taxi trips every week that begin and end within the boundaries of the campus.
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Feb 12, 2019 01:49
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lmao at this comment, which is a scorchingly hedonistic take as well as being factually wrongquote:What this article avoids saying is that public transport serves customers poorly. It takes too long to get to your destination, it's unpleasant to travel crammed with so many people, standing is miserable and seating is highly uncomfortable. There's basically nothing to like about it. "on demand taxi services massively increase car trips in areas well served by public transit" "well, have you considered how extremely convenient this is, given that the most important things to me are my luxurious standards of personal time and comfort?" i followed this guy's links to his personal website and he has an "eco artists retreat" in costa rica that touts an event called the "eco-tantrart decompression party" god save us from bay area boomers who haven't noticed that they became the things they pretend to despise Mr. Fall Down Terror fucked around with this message at 02:00 on Feb 12, 2019 |
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Feb 12, 2019 01:58
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gently caress, even rented scooters would be better than that. Obvious question: Are they too lazy to walk or bike?
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Feb 12, 2019 02:00
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my guess: college students have a poor grasp of monetary value and poor time management skills, meaning "oh gently caress i'm late for class, an uber to the other end of campus is only five bucks..." is probably a pretty common situation
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Feb 12, 2019 02:04
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luxury handset posted:my guess: college students have a poor grasp of monetary value and poor time management skills, meaning "oh gently caress i'm late for class, an uber to the other end of campus is only five bucks..." is probably a pretty common situation Also "poo poo I'm too loving drunk to walk myself back, an uber back to the dorm is only five bucks..."
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Feb 12, 2019 02:42
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I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!
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luxury handset posted:lmao at this comment, which is a scorchingly hedonistic take as well as being factually wrong I fully agree with the guy that other people are the problem, so I'm creating a suicide booth startup.
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Feb 12, 2019 02:45
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suck my woke dick posted:Also "poo poo I'm too loving drunk to walk myself back, an uber back to the dorm is only five bucks..." Don't most colleges have a drunk bus?
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Feb 12, 2019 03:43
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HootTheOwl posted:Don't most colleges have a drunk bus? definitely not, especially for large public institutions in a large city that won't necessarily have a dedicated bar district ivies and smaller schools in smaller or college towns, it would be more likely
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Feb 12, 2019 04:18
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Alright here's some proper tech news. Mars One, the company that was planning to send people on a one-way mission to Mars starting in 2024, has declared bankruptcy.
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Feb 12, 2019 04:36
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Sage Grimm posted:Alright here's some proper tech news. Mars One, the company that was planning to send people on a one-way mission to Mars starting in 2024, has declared bankruptcy. Do we know how much money the executives were able to grift? The morons that signed up for this must be feeling real proud.
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Feb 12, 2019 04:38
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The UCLA thing blows my mind. 1) There is a shuttle bus. 2) The campus is like 30 minutes across anyway and 3) Charles E Young drive is so circuitous and filled with stoplights, that I wouldn't be surprised if it is not actually faster to take an Uber than walk. This sounds right: luxury handset posted:my guess: college students have a poor grasp of monetary value and poor time management skills, meaning "oh gently caress i'm late for class, an uber to the other end of campus is only five bucks..." is probably a pretty common situation
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Feb 12, 2019 07:28
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Could you have like, Uber with golf carts? Or tuk-tuks?
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Feb 12, 2019 09:29
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Doggles posted:Well how about some refreshing cryptocurrency news on the other hand. they should do it like Eich did, and claim to be accepting donations for creators when the creators have never heard of them (as covered by Amy Castor and me)
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Feb 12, 2019 10:28
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normal brain: forcing all your employees (sorry, "contractors") to resolve disputes using arbitration galaxy brain: force them to use your chosen arbitrator universe brain: never actually pay the fees to said arbitrator to hear the cases Forced into arbitration, 12,500 drivers claim Uber won’t pay fees to launch cases
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Feb 12, 2019 18:48
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enki42 posted:normal brain: forcing all your employees (sorry, "contractors") to resolve disputes using arbitration
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Feb 12, 2019 18:59
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FlamingLiberal posted:Oh my god. That is certainly a new one. Even better because courts keep upholding arbitration for dumb poo poo since we live in some lame dystopia. Somewhat amusing - it costs Uber $1,500 to start each case. The lawyers representing drivers are essentially spamming them with as many cases as possible to hit them with the $1,500 fee as many times as possible, and then seem to be planning to use Uber's unwillingness to pay to relitigate the initial case.
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Feb 13, 2019 07:13
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