240 karma · joined September 22, 2011
"Oh so you drove all the way to my house? You couldn't walk?"
It soon becomes exhausting to deal with them on a regular basis while still feeling good about contributing. People are faster to demand rather than appreciate and you start wondering what the point of all this is.
So yes, if you end up painting something that's like a high school project, sure, it's easy to leave it on the wall and not care. But if your painting starts getting displayed in galleries and there's a little "demand" for it, everything becomes a headache.
Twitter wasn't as big back then as it is now. Earlier all his thoughts were kept mostly to himself and social media wasn't as big. Twitter amplifies his inner thoughts. People don't seem to like it.
Good Luck :)
OpenTTD is a cult classic and has no mass market appeal.
Also how is the 1st gen watch a failure? It sold millions immediately, and was a huge commercial success. It pretty much started a gold rush for digital watches again.
I think it's fair to say the new "Apple" (last 15 years or so), has been pretty good with exceeding expectations and breaking through barriers that other companies just couldn't.
Does Apple have a a history of doing this?
I think that's why people are excited.
I'm starting to listen to fewer and fewer of his podcasts. For me the decline has been has been obvious with some of his recent guests. I thought the Aella one would be very interesting, but as another commenter mentioned, he had an "impress me" vibe the entire time and couldn't even connect a little bit with the guest. Then the Sam Harris one exposed his weaknesses very obviously. If you want to see him being defensive and not say any of substance, that's a good one to listen to. Sam makes a lot of great points and he just goes on and on about the "power of love" and how we are all "human beings" trying to be "understood". After a while it gets irritating because it's like hearing a broken record player. Him unable to either provide a coherent argument to why he aired the Kanye episode or admit it was a mistake was very telling. That episode has more Elon worshipping as well. He tried to get Sam to reconnect with Elon and become friends again. lol.
His postcasts are on average above Joe's quality (don't listen to anymore, but used to years ago), but I think it's primarily because of whom he selects as his guests. At least Joe was significantly more entertaining. Might try going back to that.
Do you expect undergrads who fly come from Missouri to start paying 2k/month for housing? I'm sorry but your solution is an imaginary one that doesn't apply to Stanford. NYC is completely different because you can practically live anywhere there and use the great public transportation network to get to where you want to go. If you live in East Palo Alto (cheapest area), good luck getting to class.
For example it's like me claiming that my new python web framework is X faster than Flask because it comes bundles with uwsgi. Yes, technically mine is faster, but its not a fair comparison.
Like maybe it's a default line item monthly fee to insure your deposits and you can choose to opt out of it. The default is to protect your funds. My guess is very few people will opt out, including me.
Ideally we as a society, should be able to offer people peace of mind to deposit large sums of money and not worry about it being lost. Expecting everyone to perform financial gymnastics just to keep their money feels like a complete waste of resources.
Maybe the solution is to create a tier A bank that gives you no returns, charges you a flat fee, and any amount of money deposited is guaranteed. I know people do that with treasuries, but thats a lot of extra steps to put money in and out.
Keep in mind, tiny teams with no "finance person" easily receive more than 1M as part of seed or series A. Very rarely is their first hire for managing that money. Should it be? Is it worth it? Or should you rely on the financial system and regulation protecting your own money.
> you should have had to accept the risk that you might lose anything above those $250k.
This laughably impractical. If you run any medium/large SaaS company you have payments continuously rolling in and you have to build up a balance to pay the salaries. The bank account is in a constant state of flux and a lot of times its at multiples of the insurance limit because a certain payment hasn't gone through yet, and a large advance just came in. Are you expecting every company to risk manage these large amounts in real time? Is that where companies should be spending their resources on? What's the point of having financial institutions and regulations when you're expected to micro manage basic aspects of the financial rails the whole economy runs on.
You seemed to want to speculate about how this is all some conniving trap based on their price and I simply pointed out why that's bad speculation using an example in a different industry. I rest my case.
Let's. If I were to rent an instance for short bursts of time, I would be paying many multiples over a constant use instance. If I were to guarantee usage for x years, where the larger the X, the greater the discount. So already the delta between sporadic usage, X years use is large. There is evidence for this price discrepancy within all the cloud providers so this is not speculation. The the price difference is massive.
If you want to save even more cost, you could rent out VPSes or baremetal. They are insanely cheap, and compared to an AWS on demand instance the difference is night and day. Try comparing Hetzner with AWS. Hetzner, as far as I can tell, is not trying to entrench me into their system by offering extremely low prices. Nor are they a charity. I might even say they are an "open" hosting provider. To me it feels like they are passing along most of their savings and taking a small cut.
This is what it feels like to me what openAI is doing. I don't think their prices are so low its unprofitable. But because of their immense scale, its so much cheaper than me running an instance. I don't have to jump into conspiracy land to come up with a reasoning.
This is 100% not true. Companies don't have to put themselves in a position to be bought to have offers thrown at them. There are literally 100s of examples of this. Every company can be bought for a price. That's primarily the mismatch. This is the reason Instagram and Whatsapp sold for the prices they did at the time they did. When they were bought, everyone was shocked at the obscene sum of money for such a small team. In hindsight amazing purchase, but at that time Zuck had to throw an obscene sum at them to get them to say yes.
Also public companies have a fiduciary duty consider *all* offers and see if its valuable for shareholders. At a certain price, it will become a, no brainer, extremely valuable offer. The only other hurdle is getting the ok from regulators which is where they are stuck now.
The rest of your response hinges of the fact that we don't know the unknown variables and therefore the decision is not simple. But this argument could be made for literally every decision in life and we would all be stuck doing nothing. We have to make decisions based on what we know and accept that there will be a margin of error. Ideally we also know all the risk factors but that's literally impossible.