shoto_io

After reading this a couple of times I think this part stands out:

When I needed medical attention, I was helpless to help myself survive.

A very strong and independent character came to realize we all need each other to survive. A good reminder to stay humble.

Very interesting. Seems we are similar :D

What I didn't understand: How is the growing list of things stressing you out? Do you feel pressured to do something with the items?

I haven’t cut out caffeine but coffee instead.

I used to be a “heavy” drinker, 5-6 cups a day. Unfortunately, I started having really bad stomach problems. Constant acid burbs and heartburn so bad I couldn’t sleep some nights.

I tried everything. Changed coffee beans, the way I’d make it. Nothing helped.

So from one to another I switched to green tea, about a year ago. My Stich ach is great now. No more issues. I do miss the taste of coffee now and then. But overall I’m very happy to have made the switch.

Is this the equivalent to the “pre-mature scaling” phenomenon in tech?

In the early days of a startup, I agree with your statement. Once the company gets significantly bigger, these things start to matter a lot.

There are three types of sales: team, team & tech, and team, tech, & traction. Each one is more valuable than the last, provided the company grows. The greater the revenue, the more likely the acquirer prices a target on a revenue multiple.

I have also seen team + traction and traction only.

Too bad when you're trending on HN and the link to the paid version at the end of the article returns 404...

thanks, you're right

Banksy would approve!

Curious to understand: what kind of machinery is this and why does the cutting happen in water?

Thanks!

thanks. got it. I have no clue why you're being downvoted...

By the way, I just learned the ABC rule in this thread (Always Be Selling) :)

So, you should go ahead and subscribe to my newsletter. It's pretty good:

https://www.shoto.io

I agree 100%. I think from an investment perspective putting most of your time into marketing yields the highest return.

My biggest struggle so far is: How do I find those people to "sit and talk" to? Any advice on that?

Yes absolutely… my fault, should have been more specific. I was referring to the S&P500 index.

Good point... I meant don't touch them :)

That's the story for many decades now. It turned out wrong every time.

See for example: https://ritholtz.com/2019/08/death-of-equities-40th-annivers...

Who is “they”?

Yeah, right. Older rookies should follow this advice only if they want to invest that money for later generations.

Yes, you're right, I was not precise. That's what they used to say about themselves:

“The Vanguard Group is truly a mutual mutual fund company. It is owned jointly by the funds it oversees and thus indirectly by the shareholders in those funds. Most other mutual funds are operated by management companies that may be owned by one person, by a private group of individuals, or by public investors. ... The management fees charged by these companies include a profit component over and above the companies’ cost of providing services. By contrast, Vanguard provides services to its member funds on an at-cost basis, with no profit component, which helps to keep the funds’ expenses low.”

My stock advice for any rookie has always been the same:

- Buy S&P ETFs, most preferably by Vanguard, because they are a non-profit and thus have very low fees

- If you have a large sum of cash, go all-in immediately, don't wait for the perfect time

- Now, just wait, ideally 10+ years, before looking into your account again

It is already a reality that you can't access certain US websites as a European. They block you out because they don't want/don't know if they comply with GDPR. Same effect.

Thanks, that’s was really insightful. I wonder if global agreements are really unimaginable. There have been quite a few from the old days, e.g. international marine conventions. What do you think?

I’m not the biggest fan of Ben Evans, but he’s right on “privacy fanatism”:

At a certain point EU privacy regulators will realise: When an EU citizen requests a US internet resource, they provide a US server with their IP address; An IP address is PII; The CIA could record that; Therefore it is illegal to provide any internet resource to anyone in the EU

Source: https://twitter.com/benedictevans/status/1492102034409066504

PS: saying this a German citizen…

People hate me for this one :) But, I think that companies don't need product managers if they have great UX and tech people.

PS: I am saying this as a former head of product management...

You're right, they're bigger then ever before.

The relevant question for me is: how much bigger would Reddit be today without their shitty approach?

I never turned into an active user - mostly because I'm appalled by things like: being forced into their mobile app, for example. I just use reddit to read stuff and then leave. On HN I contribute a lot.

"Engagement-driven" product development is a very poor choice. You might be optimising for the short-term and your personal product manager performance review. But other than that it will slowly kill your product.

I was referring to the "it doesn't matter" part of your comment, which you have now removed? Of course you're right that it doesn't matter what the underlying reason was and how it needs to be dealt with NOW.

Exactly. Judging a decision solely by the outcome is called "resulting" and should be avoided.

It does matter, because it helps to think about how to prevent these things in the future.

I am really getting fed up with these black and white verdicts on DeFi. I am missing a nuanced view of the potential but also the possibilities behind DeFi.

Yes, maybe some of these platforms and players are not legit. But constantly putting the entire crypto and DeFi world into the "shit-this-world-does-not-need" bucket is so tiering.

I gave it product market fit and it returned:

Product market fit is like a "good marriage": it's not a state one can achieve easily, but it's definitely worth working on.

Not bad!