2,259 karma · joined October 31, 2016
Seth is an interesting dude and I haven't caught up with him in awhile.
The most common run-in I have with them is standing at a crosswalk or sitting in an Uber and watching them put on the sirens and move everyone out of the way just so they don't have to sit in traffic. I'd estimate seeing this happen, oh, I don't know, about a thousand times while simultaneously I have never once seen them pull anyone over for any kind of traffic or moving violation.
1. The CEO made terrible decisions in regards to how much and who they raised from. They got in over their hands as the company grew and the entire founding team got fired.
2. The CEO immediately after, who took over an unprofitable business that wasn't growing and was in bad shape after the merger with DraftKings got called off, took a deal that was the best he could do at the time. That CEO was a non-founding CFO before taking over, and was basically put in the C-Suite by KKR as a term of their investment in the business.
3. That deal to PaddyPowerBetfair, now Flutter, was completed about a year before PASPA was repealed and sports betting was legalized in the US. Had #2 happened a year later, or if #2 had happened with that information in mind, the deal terms would have been insanely different and way more valuable.
It's very easy in retrospect to say that the original CEO should have taken different terms, or that the following CEO should have taken a better deal. That's all hindsight.
All that said, I have zero sympathy for the original CEO and founders. I feel loads of sympathy for the employees, but again, if they stayed on after the deal, they're now sitting on an absolute gusher of cash.
Personally I've always thought that a lot of these issues boil down to intentional misreading or lack of understanding of things unsaid. As an example, a whole bunch of people, for some reason, took "Black Lives Matter" to mean "Only Black Lives Matter", as if that was said or as if that was the point.
In your example with Einstein, to me it would be perfectly valid for Gould to have said "I am, somehow, less interested in the weight and convolutions of Einstein's brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops. We should seek to find and develop those people." But of course I would worry that those same people who took umbrage with the example of BLM would assume that it would be done at the expense of others, or that it would be done to exclusively benefit in a zero-sum way the unheralded, unfound geniuses in Gould's example.
I run a small startup, fifteen people, and yes, I believe in diversity in hiring and team composition. If all things are equal, then I will hire the person that brings a diverse perspective to my team, not on basis of identity but on basis of opinion, basis of experience, and basis of perspective. I will not pursue that diversity at the expense of hiring the best candidate, and I suspect my perspective is shared a lot more than people think, solely because the "If all things are equal" part is unsaid and it is simply too easy for the cynic or bad-faith arguer to assume otherwise.
Also I am happy to be your next choice after Kyle. I'll join Stripe, Patrick!
Well, anyway, rock on fellow Tartan(s). Thanks for keeping the demoscene hacker spirit alive!
Either you're a capitalist or you're not. If the company in question was Disney or Apple, this wouldn't be appearing on HN in any capacity.
Fuck Elmo. What a dick.
The answer is: yes. It's all of these things. And all of the partisan, it-wasn't-us bickering gets us absolutely nowhere.
More housing needs to be built. Rezone everything. Hire more police, bring back beat work. Prosecute quality of life crimes. Commit those who are too mentally ill, or too addicted to proactively seek help on their own.
All jokes aside, if you'll allow me a tangential but relevant aside, a lot of people have heard of Carnegie Mellon, but very few have heard of Richard Caliguiri or David Lawrence. They were both mayors of Pittsburgh, and both led the city through urban renewal and revitalization plans that accurately foresaw the decline of the steel industry and consequently redirected resources to future-forward endeavors -- in this case, academia. Fast forward almost fifty years, both CMU and UPitt are world-class institutions, a plethora of industries (finance, robotics, healthcare) are thriving, and the city is widely seen as one of the most living cities in America.
My opinion, news is pretty clickbaity but Sports (particularly the season-long fantasy games) and Finance are both still best-in-class. It's borderline amazing how resilient they've been.
Also worth a mention here is this kickass Italo remix of DL themes and samples [1] by Koto.
0: https://en.wikipedia.org/wiki/Time_Traveler_(video_game) 1: https://www.youtube.com/watch?v=HRffez98uYY
I don't know if it's a uniquely American thing, but the ability to wrap one's head around future cost additions or commensurate value is just completely not there, at all.
You're going to get people to pay for my stadium, Mr. Politician, or else losing this thing that millions of people in this city love is going to be, fairly or unfairly, blamed on you.
It's of course gross and hilariously stupid given that every professional sports team owner is a billionaire, but most of those marrow suckers didn't become billionaires by not leveraging incentives when the benefit for doing so is obvious.