HN user

rock57

1,024 karma
Posts269
Comments32
View on HN
www.dw.com 11d ago

Sen. Lindsey Graham dead at 71 after 'brief and sudden' illness, office says

rock57
18pts9
www.reuters.com 5mo ago

Trump orders agencies to identify and release government files on aliens

rock57
23pts6
www.msn.com 10mo ago

Robert Redford dead: passes away aged 89

rock57
2pts1
www.theverge.com 1y ago

Amazon has canceled its Wheel of Time series,despite 97% Rotten Tomatoes rating

rock57
21pts12
catholicreview.org 1y ago

Chicago native Cardinal Prevost elected pope, takes name Leo XIV

rock57
215pts2
www.foxnews.com 1y ago

Newsom's deepfake election laws are already being challenged in federal court

rock57
3pts0
deadline.com 6y ago

Tom Hanks and Rita Wilson Test Positive with Coronavirus

rock57
5pts0
www.ft.com 6y ago

SEC sues Telegram to halt $1.7bn digital token offering

rock57
6pts0
venturebeat.com 7y ago

What I learned as a VC filling in as a startup CEO for 4 months

rock57
108pts72
techcrunch.com 7y ago

UK parliament seizes internal Facebook documents to further privacy probe

rock57
3pts0
www.businessinsider.com 7y ago

Vatican releases its own 'Pokémon Go' app that lets you chase Jesus

rock57
1pts0
amp.fastcompany.com 7y ago

Tim Berners-Lee tells us his radical new plan to upend the WWW

rock57
9pts0
www.businessinsider.com 7y ago

Theranos 2.0:'This test is garbage' – Experts: SV startup's blood test is flawed

rock57
9pts1
www.mercurynews.com 8y ago

Gig economy ‘earthquake’:California Supreme Court rules on worker classification

rock57
1pts0
fortune.com 8y ago

Suspected mastermind behind the ‘big Bitcoin heist’ escapes prison

rock57
1pts0
tomtunguz.com 8y ago

The Disappearance of the Fundraising Demo

rock57
1pts0
www.businessinsider.com 8y ago

Hackers stole a casino's high-roller db via thermometer in the lobby fish tank

rock57
13pts3
uk.businessinsider.com 8y ago

Crypto projects raised~$1B(2017)now“intentionally non-transparent”,delete WP,etc

rock57
1pts0
motherboard.vice.com 8y ago

Hacked Retail Robots Can Assault Customers with Porn and Demand Bitcoin

rock57
1pts0
www.yahoo.com 8y ago

Facebook suspended the account of whistleblower who exposed Cambridge Analytica

rock57
683pts172
www.sciencealert.com 8y ago

NASA and Google Just Announced They've Found Another Solar System Like Ours

rock57
3pts0
www.busiessinsider.com 8y ago

Ex-Uber staffer says that Uber had unit dedicated to stealing trade secrets

rock57
3pts0
www.businessinsider.com 8y ago

Registered sex offender wound up living in an Airbnb hosting unsuspecting guests

rock57
1pts0
techcrunch.com 9y ago

No acting CEO at Uber, no problem?

rock57
1pts0
techcrunch.com 9y ago

How Ethereum became the platform of choice for ICO’d digital assets

rock57
2pts0
www.trustnodes.com 9y ago

Singaporean Dollar Tokenized Through Ethereum’s Blockchain by Singapore

rock57
2pts0
www.businessinsider.com 9y ago

London Bridge incident: reports of van hitting pedestrians

rock57
3pts0
www.telegraph.co.uk 9y ago

BA chaos All flights cancelled after global computer failure

rock57
1pts0
www.businessinsider.com 9y ago

Garry Kasparov talks about AI and interplay between ML and humans

rock57
5pts0
medium.com 9y ago

17 success factors for the age of AI

rock57
2pts0

Great quote made back in 2009 "I can see the politicians of the time running on a platform that said, "Keep the barbarians out! More walls to defend the empire"."

Also "As things stands, we seem to be blithely following the same path that the Roman Empire followed. Our leaders are unable to understand complex systems and continue to implement solutions that worsen the problem. As the wise druid was trying to tell to Marcus Aurelius, building walls to keep the barbarians out was a loss of resources that was worse than useless. "

Travis Kalanick might be upset... All the way to the bank, as a holder of huge equity and majority voting power (so he seems to have the capacity to reinstall himself as a CEO when/if he finds it fit) who surely has negotiated nice conditions for himself in any liquidity event.

JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good, a theory also advanced by Bernard Baruch, another vested interest who described the scene before the big Crash:

"Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day's financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929."

Assuming (can't check myself, content is locked for me!) that quote from The Information (re: 20% accepted and and 20% stay) mentioned in comments below is true, I agree that CNBC phrase "Only 4 percent of people who sign up to drive for the ride-hailing service are still driving a year later" while being factually correct sounds misleading, even though they directly link to the original content!

Therefore, I ask the admins to change the link to the Information page!

Also, it would be nice if anyone can (for people like me who are NOT subscribed to The Information) kindly copy and paste here the whole original Information article. Thanks!

I would be happy to ask the admins to change the link to the Information page, although point is that this link is locked for me! Assuming that quote from The Information (re: 20% accepted and and 20% stay) is true, I agree that CNBC phrase "Only 4 percent of people who sign up to drive for the ride-hailing service are still driving a year later" while being factually correct sounds misleading, even though they directly link to the riginal content!

"This morning I told the Uber team that we're actively looking for a chief operating officer: a peer who can partner with me to write the next chapter in our journey," Kalanick said in a statement. As far as I recall the "taxi tape" [1] Travis might rather prefer TWO female COOs who could partner with him :) right at the back seat of Uber Black limo :) [1] Quoting https://www.thesun.co.uk/news/2981388/uber-travis-kalanick-b... "Kalanick had been filmed boasting of his work ethic with two women on the backseat of the car before rowing with the driver"

My friend and CEO of fido.ai Michal Wroczynski reposted this article with an IMHO important clarification "Conflict is something to embrace. Narcistic Assholes don't have conflict with you - they are just lying all the time. No asshole rule is the most important advice for startups." Based on my personal experience I couldn't agree more!

Can this data mean that a significant part of "gig economy happens to be a fad, similar to 3D TVs or Groupon? I.e. that value of relevant companies could and would soon significantly shrink, just like it happened with Groupon and its clones, after they went through the whole body of SMBs (for most the deals were NOT profitable) and the deal-seeking individuals. The main difference being that attractive pricing for the labor-sharing and capital-sharing platforms was funded and subsidized by VC money, while for Groupon and clones money for reduced pricing went out of pockets of SMBs...

Quoting from http://www.businessinsider.com/bitcoin-price-january-4-2017-...

Bitcoin's gains have been buoyed by renewed interest from China, where money is rushing out of the country as its currency, the yuan, continues to weaken...

According to a recent Business Insider Intelligence briefing, citing data from Cryptocompare: "In the first 24 hours of the new year, over 5 million bitcoins were bought in Chinese yuan, equating to $3.8 billion. In contrast, just 53,000 bitcoins were bought in US dollars."

In retrospect I find this 3-days-old publication quite... amusing)) "... I [SC CEO and Musk cousin L. Rive] asked, 'Elon, hey can I have a family discount' and his answer is, 'Yeah absolutely. Go to TeslaMotor.com, buy the car online, and the price you see there is the family discount,'" Rive told Tech Insider. "Everyone gets a family discount."

So there you have it: Musk does not believe in preferential treatment for family members.

"I give Elon credit beyond the fact of being the best entrepreneur in the world — he treats everyone the same. Everyone. There’s no nepotism at all," Rive said. http://mobile.businessinsider.com/elon-musk-response-when-so...

according e.g. to the stories linked below and many previous reports, Uber actively aims to reduce the number of cars on the road, and its efforts, especially Uber Pool will reduce the oil consumption and, as a result, oil prices... And now they get the largest investment yet from a party that is NOT interested in falling oil prices... What am I missing here? https://newsroom.uber.com/us-new-york/taking-1-million-cars-... http://www.theguardian.com/sustainable-business/2016/may/31/...

Defending A16Z 11 years ago

I have great respect for Garry Tan. However, I find the key quote on "how profitable Hollywood can be at best" a bit strange, and want to correct his statement below based on specific data. Here's the quote "...11X return on capital. That's the highest grossing film ever made, and a good proxy for how profitable Hollywood can be at best." Since 3,800X return on capital for Peter Thiel's FB investment is an obvious outlier/best case scenario, let's compare apples to apples and take the best case for Hollywood-type investments: "Paranormal Activity With just $15,000, the visionaries behind this project created a movie that took in a worldwide gross of almost $197 million." That sounds like 13133X return to me, which is even greater than 3800X... See http://www.businesspundit.com/10-most-profitable-low-budget-...

Firstly, luckily for everyone, Silicon Valley is not equal to TC, and best startups in SV != startups that got the most votes from TC Disrupt judges.

Secondly I strongly support the POV that throughout decades of SV history the biggest successes weren't (and aren't) usually the ones with the most hype, the most money, or the most hyped TC publications behind them!

2014 And The Winner Of TechCrunch Disrupt SF 2014 Is…Alfred! "Disclosure: CrunchFund invested in Alfred, but Mike Arrington was not a finals judge, nor in the judging room" Of course, it's a "once in a lifetime event" that happened in 2014, a pure coincidence and there is absolutely no conflict of interests)! However, to be 100% sure there is no repeating pattern here let's check...

2013 And The Winner Of TechCrunch Disrupt SF 2013 Is… Layer! "Disclosure: One of Layer’s seed investors is CrunchFund, an early-stage VC fund cofounded by Michael Arrington, who also founded TechCrunch." http://techcrunch.com/2013/09/11/and-the-winner-of-techcrunc...

2012 And The Winner Of TechCrunch Disrupt SF 2012 Is… YourMechanic! Impressive list of investors includes "CrunchFund (disclosure: TechCrunch founder Michael Arrington is a general partner of CrunchFund), SV Angel (disclosure: judge David Lee is managing partner of SV Angel)..." http://techcrunch.com/2012/09/12/techcrunch-disrupt-sf-2012-...

2011 And The Winner Of TechCrunch Disrupt 2011 Is…Shaker Disclosure: TechCrunch founder Michael Arrington is an investor in Prism Skylabs and is a pending investor in Shaker. http://techcrunch.com/2011/09/14/and-the-winner-of-techcrunc...

As I've predicted, no pattern, you can have any color car win TC as long as it is black (aka backed by, you know...)

Disclosure: I am not trying to mix correlation with causation here, just reporting facts and suggesting to discuss those facts. This comment is meant to start discussion on fair play on the most prestigious global Startup competition, and I have no personal positive or negative feelings or other type of bias to any entities or personalities involved.

PS edited by adding 3 empty lines for better formatting