1,321 karma · joined August 3, 2010
It seems odd we have enterprise but cannot access GPT-4 through the main ChatGPT interface.
(Obv I know it's more complicated than that, but where else can you be reductionist if not the internet)
I am able to select both "Cheeseburger" and "Greek Salad" but not "Greek Salad" and "Spaghetti & Meatballs". If I tap "Greek Salad" after first tapping "Spaghetti & Meatballs" then it deselects the "Spaghetti & Meatballs" and selects "Greek Salad" (even with only 1 item selected).
Anyway, cool concept.
If you happen to have a billion dollar exit on your reinvested capital gains that can be tax free, but you're still paying tax on the original gain.
Direct listing!
the sad reality of this industry...
For example, the world's eight richest people have the same wealth as the poorest 50%.
It feels to me like that's a little unfair.
2016 - ($682,794)
2017 - ($688,301)
2018 - ($911,335)
As a percentage of revenue though the loss is decreasing,
2016 - 2x
2017 - 0.6x
2018 - 0.45x
2018 revenue was $2.1bn.
Since they are a tech company and not a real company they can IPO at 10x revenue so that's ~20bn.
Who cares what their margins are.
I've worked at a startup that very clearly had product market fit and one that very clearly didn't. In the former example the early employees worked a ton to scale the product and keep up with demand. In the latter example, the founders felt they needed to work nonstop in the mindset that hard work for the sake of hard work would produce product market fit. I think it resulted in a lot of thrashing. They kept focusing on minutiae in the product when probably taking a step back, letting things simmer, and evaluating from a higher level would have been really beneficial.
I think successful product development requires a lot of creativity, and you don't get creativity by sitting in a seat for 16 hours a day because that's what your investors tell you their best teams do...
- The pre-sale, which is like the early-bird sale for tickets, will be moved until after the directed group sale, which is for burners who are "key contributors to Black Rock City (theme and mutant vehicle camps, art collectives, and core teams)."
- That directed group sale is also growing by 10 percent more tickets in an attempt to boost "meaningful participation."
- The application-based Low Income Ticket Program will grow by 18 percent.
- The organization is also reducing the number of high-priced tickets available by 30 percent: "Higher-priced tickets will now be limited to 2 per person instead of 4 per high-priced tier, and buyers in what was formerly the “Pre-Sale” will no longer be able to participate in subsequent public sales," Goodell wrote.
- The limited sale will also be eliminated this year, which for the past two years allowed burners to purchase $1,200 tickets into July, according to the post.
It's interesting to me because most people who get tickets via the directed group sale contribute very little to the event beyond the camp dues they pay. Most full theme camps are planned and run by just a few people. I really think they should increase main sale tickets rather than directed group sale. Prioritize people who really are radically self-reliant and still want to contribute and aren't just paying dues to a camp and using their infrastructure.
Of course everyone will complain about the tickets no matter what they do though. Cool they are trying to improve.
And why then are private funding rounds so much cheaper to get done? Diligence still has to be done for private funding. Why is more diligence required for an IPO?
Stock options: for concentrating your income and your investments when you're excited and biased.
That decrease has led to the city only getting funding for about 240 units of affordable housing in 2018 - 2019, whereas from 2014 - 2016 the city produced 500 units of public housing per year. [https://www.spur.org/news/2018-11-08/how-has-san-francisco-r...]
This is a long way of saying that the market affects everything. Even if we decide to build public housing that housing is not immune from market effects like expensive land and big construction costs. If it's more difficult, and therefore more expensive, to build market rate housing then it's more difficult and more expensive to build public housing.
For example, in the Mission no new affordable housing has been built in, according to Supervisor Ronen, close to 10 years. There are 7 projects in the pipeline, but none have broken ground [https://sf.curbed.com/2018/4/24/17276152/affordable-housing-...]. Long approval processes and constantly increasing construction costs are partly to blame.
"This Insane Battle To Block a New Apartment Building Explains Why San Francisco and Other Cities Are So Expensive" https://reason.com/reasontv/2018/12/27/san-francisco-mission...