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ves

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I like math and formalism, and most other arts too.

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The liabilities are the same currency and the same amount in 2023 and 2033. They’re solvent.

The asterisk is that the liabilities are generating interest, but this is fine because (one very safely assumes) that’s covered by the interest on the long-duration assets SVB bought.

You might wanna check out some of jason hickel’s writings in the topic. As someone from such a “place with a lot of poverty” I’ve always chafed at the idea that capitalism (and thus colonialism) led to an improvement in living conditions, when really it meant mostly murder and looting.

Competition in its recognizably modern form only recently became the foundational organizational system for civilization, and civilization “won” because (in part) a) it generally has no problem deploying incredible levels of violence and coercion, against people and the environment, and b) it promotes continuous population increase, even beyond what may be sustainable.

There’s about a million places to source this, but I might start with something like James C. Scott.

I would not, but I know some people who would consider a deal like that. At $12k/yr and your stage you’re basically hiring a cofounder, so four points is… not a lot. You sound like you probably still have most of the equity left, so I’d expect more.

And a cliff? Nobody does cliffs these days after big tech axed them.

The sorts of men who are thrown into cages are different sorts of men than those who are handed enormous sums of capital.

You could retire tomorrow, but you weren't put on this Earth to just be idle.

nice

Your startup is "Ramen profitable" - that means you're making around 7k/month revenue to cover 2-5k expenses. If you start saving 100% of profits NOW you can afford 1 of those engineers in (checks notes) just under 8 years! What's your next move?

Offer the engineers meaningful equity rather than the one or two points they might ordinarily expect.

FTX Contagion 4 years ago

FTX had enormous crypto holdings and made investments in companies you’d definitely consider crypto companies, notwithstanding that there aren’t any “pure” exchanges in the crypto world anyway—they all get their noses in it.

It sounds good, except that there’s no results for “screechings” or “only cure” in the books, and Ron doesn’t encounter Voldemort in Goblet, only Harry and Cedric do.

Again, it has no semantic comprehension, it doesn’t know that certain strings of words are valid in certain contexts because they refer to actual events, objects, or concepts, it’s just putting letters together.

Probably some of its training material included Harry Potter fan fiction or other non-canon stuff, and that’s why it said what it said.