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shrike82 posted:lol Solkanar, that's a pretty bizarre argument to be making - that bumfuck nowhere areas tend to be better to GLBT people I really don't understand why reading comprehension is so difficult for so many of you. Moving on, it seems strange to me that small tech companies who actually make poo poo are getting nailed. Tableau stock went down 50% in the past week or so. What in the hell happened there?
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Feb 11, 2016 17:01
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Based on the dot-com wave, stockholders buy expecting Facebook-style (at the time it was Amazon-style IIRC) growth, and they panic at any sign that the growth curve is tapering off. If you can't become rich holding the stock, better sell it off and buy something that *can* make you rich. Lowering your earnings expectations is a classic way to panic investors. (Earnings predictions are such a crazy dance anyway; back in dot-com it was expected for companies to inform finance insiders of their *real* predictions, leading to the "whisper numbers". I have no idea if this still happens.) e: I just encountered the Gartner Magic Quadrant and now I have a stabbing pain in my insides. Arsenic Lupin fucked around with this message at 17:16 on Feb 11, 2016 |
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Feb 11, 2016 17:11
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Just imagine the spokesman winking after every sentence while reading out the report.
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Feb 11, 2016 17:29
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Speaking of startups and compliance failures, how about Zenefits! http://www.bizjournals.com/sanfrancisco/blog/techflash/2016/02/zenefits-scandal-spreads-regulators-hr-tech.html quote:The legal challenges confronting San Francisco digital HR giant Zenefits are rippling across the nation, with insurance departments in several states investigating compliance issues at the startup. One of the last things you want to do is sell insurance without a license.
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Feb 11, 2016 17:39
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redscare posted:One of the last things you want to do is sell insurance without a license. But... but... breaking the laws is disruptive!
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Feb 11, 2016 17:42
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redscare posted:Speaking of startups and compliance failures, how about Zenefits! Yeah, my wife mentioned it's $10k per incident in WA and I presume it's similar elsewhere. Nice work!
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Feb 11, 2016 17:44
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redscare posted:Speaking of startups and compliance failures, how about Zenefits! lol the same publication just named the ex-CEO its executive of the year in December lmbo
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Feb 11, 2016 17:46
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go3 posted:what does any of this have to do with the OP i pointed out that one of the reasons west coast tech hubs are so expensive compared to other tech hubs is a mistaken, arrogant belief that these costly places are somehow unique in terms of cultural amenities or quality of life. a goon then came along and confirmed this accusation of bigotry, because goons can't read opinions without disagreeing with them. hence an argument about whether life is worth living away from the coasts
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Feb 11, 2016 17:48
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The Bay Area's extremely livable though. There's a reason why places like Austin are becoming hubs as well. Who wants to live in the flyover states?
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Feb 11, 2016 17:50
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shrike82 posted:The Bay Area's extremely livable though. Please can we talk about high-tech unicorns? Insulting each other's places of residence will lead to nothing but
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Feb 11, 2016 18:01
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shrike82 posted:lol the same publication just named the ex-CEO its executive of the year in December It gets better! http://www.bizjournals.com/sanfrancisco/blog/techflash/2016/02/zenefits-jet-com-parker-conrad-compliance-scandal.html quote:Online shopping startup Jet.com ended its relationship with Zenefits last week, during a benefits renewal period. Jet has more than 1,000 employees and was the company's biggest client, besides Zenefits itself. They couldn't scale and lost their biggest customer. A shameful unicorn.
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Feb 11, 2016 18:04
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blowfish posted:This seems kind of related to the part where MBAs who have never seen the inside of a factory or r&d lab end up faking competence. When I was working in retail, the probably newly-minted MBA-carrying regional manager started talking to us about workers on the factory floor. I was politic enough to avoid responding with "you do realize this is a retail outlet, and that we don't have a line of customers coming in which we assemble into buyers, right?"
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Feb 11, 2016 18:19
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tbf, start-ups of the sorta we're talking about would probably sneer at the notion of MBAs
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Feb 11, 2016 18:21
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redscare posted:It gets better! A thousand plus employees was their break point? Truly a shameful unicorn, in some industries over a thousand employees is still a small business. shrike82 posted:tbf, start-ups of the sorta we're talking about would probably sneer at the notion of MBAs Well yeah, because people with MBAs are hopefully trained to look for things like a sustainable business model or a profit margin.
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Feb 11, 2016 18:26
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Arsenic Lupin posted:Please can we talk about high-tech unicorns? Insulting each other's places of residence will lead to nothing but Yeah, one of you can post a new thread called "No, here not be dragons, rear end in a top hat!" or something and talk about how one shouldn't count out Raleigh/Durham, Atlanta, St. Louis, Lincoln, Salt Lake City, etc, as places to live or whatever, and how the fact that people do count them out leads to an unsustainable real-estate market. Let's keep this thread more focused, please.
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Feb 11, 2016 18:32
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Kwyndig posted:Well yeah, because people with MBAs are hopefully trained to look for things like a sustainable business model or a profit margin. Or "revenue" 
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Feb 11, 2016 18:33
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you get the worst of both worlds when you have MBAs basically cargo-cult start-ups. then there are VC groups that focus on having MBAs clone successful ventures. Rocket Internet is notorious for this.
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Feb 11, 2016 18:37
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If you haven't watched the talk Lowtax gave at a college like a thousand years ago go find it. He actually touched on what happened during the tech bubble and it sounds eerily similar to what's going on now. He talked about stuff like "people mostly spending money on fancy chairs to ask people for more money to buy fancier chairs with to impress people wealthier than that." Revenue wasn't talked about beyond getting traffic to your site to sell ad space to spend that money on ad space to get more traffic. What the website did was irrelevant and was sometimes "literally nothing."
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Feb 11, 2016 18:50
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You can't help but feel deja vu when you read about things such as people getting booed if they dare ask a startup founder their revenue plan.
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Feb 11, 2016 19:03
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Speaking of jet.com, how is that place doing?
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Feb 11, 2016 19:04
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Shifty Pony posted:You can't help but feel deja vu when you read about things such as people getting booed if they dare ask a startup founder their revenue plan. https://www.youtube.com/watch?v=BzAdXyPYKQo This whole series should be required viewing for folks posting in this thread. Solkanar512 fucked around with this message at 19:12 on Feb 11, 2016 |
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Feb 11, 2016 19:09
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Doctor Butts posted:Speaking of jet.com, how is that place doing? Pretty rapidly running out of runway last I heard.
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Feb 11, 2016 19:14
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Doctor Butts posted:Speaking of jet.com, how is that place doing? It turns out Amazon is still a pretty good place to buy stuff
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Feb 11, 2016 19:17
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i've never heard of them. looking at their website, it's just another e-commerce retail site?
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Feb 11, 2016 19:19
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So one of the Facebook board members just essentially said that colonialism was good for the third world, in reaction to Indian regulators banning their new walled garden subscription plan: http://www.theatlantic.com/technology/archive/2016/02/facebook-and-the-new-colonialism quote:Anti-colonialism has been economically catastrophic for the Indian people for decades. Why stop now? icantfindaname fucked around with this message at 19:26 on Feb 11, 2016 |
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Feb 11, 2016 19:22
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Solkanar512 posted:https://www.youtube.com/watch?v=BzAdXyPYKQo actual silicon valley startups don't like the series, guess why
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Feb 11, 2016 19:25
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I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!
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Probably because it's the equivalent of the Big Bang theory
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Feb 11, 2016 19:26
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shrike82 posted:Probably because it's the equivalent of the Big Bang theory unlike tbbt, silicon valley explicitly thinks silicon valley is funny and dumb rather than funny and cute
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Feb 11, 2016 19:30
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blowfish posted:unlike tbbt, silicon valley explicitly thinks silicon valley is funny and dumb rather than funny and cute There needs to be a series about academia from the funny and dumb angle. What do startups think about Halt and Catch Fire?
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Feb 11, 2016 19:32
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shrike82 posted:Probably because it's the equivalent of the Big Bang theory Dude, it's ok to say that you haven't had a chance to watch it.
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Feb 11, 2016 19:36
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TBBT wasn't really about Silicon Valley last i checked, it was about really rear end in a top hat academics that are still played off for laughs. Funny and dumb for academia would basically be Office Space but also the main character would lecture utter morons.
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Feb 11, 2016 19:38
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lol at people defending big bang theory *shouts strings of geek words*
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Feb 11, 2016 19:40
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shrike82 posted:Probably because it's the equivalent of the Big Bang theory BBT is pretty much a bunch of caricatures while Silicon Valley hits way closer to home
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Feb 11, 2016 19:41
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computer parts posted:TBBT wasn't really about Silicon Valley last i checked, it was about really rear end in a top hat academics that are still played off for laughs.
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Feb 11, 2016 19:43
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Scrub-Niggurath posted:BBT is pretty much a bunch of caricatures while Silicon Valley hits way closer to home If I remember correctly Silicon Valley had a hell of a time fleshing out a startup hhackathon/accelerator/meetup whatever because nearly every stupid idea and name they could think of was already an actual startup.
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Feb 11, 2016 19:57
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blowfish posted:actual silicon valley startups don't like the series, guess why it's basically a documentary
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Feb 11, 2016 19:59
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Shifty Pony posted:If I remember correctly Silicon Valley had a hell of a time fleshing out a startup hhackathon/accelerator/meetup whatever because nearly every stupid idea and name they could think of was already an actual startup. It's like doing a parody of the current Republican Primary; it's almost impossible because all of the most insane things you can think of have already been said
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Feb 11, 2016 20:00
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icantfindaname posted:So one of the Facebook board members just essentially said that colonialism was good for the third world, in reaction to Indian regulators banning their new walled garden subscription plan: Note that this isn't just a board member, this is Marc Andreesen, founder of Netscape, who is now one of the leading Silicon Valley VCs. His opinions have sway not just over Facebook, but over who gets funded and who doesn't.
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Feb 11, 2016 20:06
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Speaking of Twitter, reminder that they've actually announced that their user base is shrinking
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Feb 11, 2016 20:07
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Arsenic Lupin posted:Note that this isn't just a board member, this is Marc Andreesen, founder of Netscape, who is now one of the leading Silicon Valley VCs. His opinions have sway not just over Facebook, but over who gets funded and who doesn't. error 404
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Feb 11, 2016 20:07
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