I’ve tried all the flavors and it’s pretty good! Still tastes a little bit too much like weed for my tastes but they do a pretty good job covering up the weed flavor. I think they’re working on a 5mg version.
I really like the product (and may use it!), but the landing page is very confusing. You get to the meat of the issue in your HN comment, but I see very little of that on the landing page.
I think that's because too many SaaS CEOs think something else mentioned in the article: "Margins, to a first approximation, don’t matter...If they’re quickly growing, the company can ignore every expense that doesn’t scale directly with the number of customers"
It makes sense in theory, but businesses don't grow to infinite size so fixed costs do matter. Ignorance of this fact drives the lower than anticipated gross margins of many SaaS businesses.
I think I understand what you mean but I think that is actually the proper functioning of capitalism not a failure. If Apple/TomTom/etc. didn’t create maps, Google wouldn’t invest resources in making theirs better.
Couple thoughts:
1) This engineer is getting offers from FB, Goog, etc. They are definitely in the top 1% of engineers in terms of interviewing ability if not in terms of engineering ability.
2) No salary increases do not slow down. A friend of mine has 4 years of experience, is a top 1-5% engineer/interviewer and had multiple offers at 350-500k.
3) Sustainable? No. This is a supply/demand issue and supply is increasing rapidly (more CS grads, etc)
So am I correct in understanding that Moore's Law marches on? If we see 5nm in 2020 and TSMC is seeing 3nm in production in 2022, this is on track, correct?
Also this doesn't have to be an either/or decision that you have to make on Day 1. We started our business as a lifestyle business and as it got traction have decided to pursue a startup approach. On track to do $10M+ revenue this year :)
Why will it be tough for them? They will be able to figure it out 6 months later. Google can't make that much money in the short term in the grand scheme of this potential market.
I don't speak the language, so I'm unable to read the underlying report, but I hope this quote is out of context in the article: "There should be no doubt that the employers discriminate on the basis of age," when the study itself shows discrimination for very specific roles: administrators, chefs, cleaners, restaurant assistants, retail sales assistants, business sales agents and truck drivers.
Having met Alex (founder/CEO @ Owlchemy) a year ago, this strikes me as a no-brainer. Owlchemy has put in the time and work to start to develop a new language for the new medium that is VR. They are not just porting over old tropes to a new platform. When I met Alex, he explained his vision as wanting to continue to create this new language, and to sell devtools that would help other folks build VR-first experiences. Congrats, folks!
Can the billions being invested in this space earn an economic profit? It seems to me that multiple companies will be able to bring this technology to market in roughly the same timespan and that number will increase rapidly with time, driving commodification.
Gurley's post [1] (from 2014) gives one possible end goal: "Learning about Yu’e Bao gave us an epiphany that Jack Ma likely had years ago. If you want to truly disrupt the financial services industry, perhaps you need to stop attacking the transactional experience and launch a competitive product on the asset gathering side. Once you have the assets, all the disruptive things that Silicon Valley types want to do will be easy. The hardest part has been getting access to the funds."
One of the most valuable lessons I've learned from HN was to autosweep my PayPal account. I am thankful that I was fortunate enough to learn this lesson before starting my company and running tens of millions through PayPal. I can't say for sure that I would still be in business if I hadn't.
* It seems a bit crazy to me to have a newly minted MBA jump into a CEO role. Of course, this is not unprecedented with the search fund model (https://en.wikipedia.org/wiki/Search_fund) but those are MBA grads from top 5 schools (and mostly just Stanford MBA grads)--very different from your average MBA grad
* The top 5 MBA grad can expect to make on the order of $20-50M over the span of a career with a Mck/Bain/BCG role. Yes there is a limited number of people who make it to the top, but tbh that is much more due to people wanting to leave for other career paths than it is a weeding out.
$450 is not a de minimus expense on $100k revenue. Keep in mind that they are negotiating the 2 percent credit card fee. $450 is a significant fraction of that $2,000.