My friend bootstrapped a genius for books competitor with a subscription model and it was really difficult to grow. It’s hard to build value based on network effects with subscription model.
475 karma · joined June 12, 2020
My friend bootstrapped a genius for books competitor with a subscription model and it was really difficult to grow. It’s hard to build value based on network effects with subscription model.
Then of course theres the copyright issues.
Why? This was Epik being hacked not AWS or Azure. It’s just a domain registrar. And a shady one at that. Their lack of security is not indicative of the rest of the cloud.
From my maybe uniformed perspective it seems like we’re still several scientific breakthroughs away from alternative energies and sustainable technologies being competitive and cost effective.
> Nearly 13,500 drivers were randomly sent one of two policy review forms to sign…
The distribution referenced is of mileage, which you’d expect to have some kind of right-skewed, continuous distribution.
I have a hard time believing that Dan Ariely didn’t know about this. The uniform distribution of mileage makes no sense, so this should’ve been caught right away. Plotting a histogram of the mileage data would’ve been one of the first things Ariely’s team did with this data.
[0] https://martinfowler.com/bliki/DesignStaminaHypothesis.html
> Many small businesses start up every month but the failure rate is high. As of 2019, startup failure rates are around 90%. 21.5% of startups fail in the first year, 30% in the second year, 50% in the fifth year, and 70% in their 10th year. [0]
Small bootstrapped companies can still exist and succeed against these odds (several are cited in the article), but to make the claim that these odds don’t apply to bootstrapped startups is foolish wishful thinking.
[0] https://www.investopedia.com/articles/personal-finance/04091...
Bootstrapped, small, one person companies are still startups, where the odds of success are less than 10%, while venture-backed startups is 20%-30%. [0][1] What non-survivors are excluded from these cohorts?
[0] https://www.wsj.com/articles/SB10000872396390443720204578004... [1] https://www.embroker.com/blog/startup-statistics/
[0] https://review42.com/resources/what-percentage-of-startups-f...
The odds of this level of success for a solo bootstrapped founder is much smaller when you don’t raise. If you look at the stats on startup success (exits), funding has a strong positive correlation.
There are good and bad reasons to raise capital and many startups do raise for bad reasons, but that doesn’t mean that funding is inherently bad or should be eliminated as an option.
> Look, it doesn’t take a genius to know that any organization thrives when it has two leaders. Go ahead, name a country that doesn’t have two presidents, a boat that sets sail without two captains. Where would Catholicism be without the popes?
> The reason is because of how language models work. They show how, on average, most people write. They don’t have any sense of what’s correct or what’s good. Most code on GitHub is (by software standards) pretty old, and (by definition) written by average programmers.
Does Copilot apply any project quality filters before training? A small minority of public repos on GitHub are awesome projects that are popular and maintained, while the rest are forgotten experiments, side projects and interview answers.
[0] https://dev.to/haruanm/does-typescript-increase-the-bundle-s...
If WebAssembly replaced js, then newer, more efficient browser languages could be invented. Like a new implementation of typescript could be created that is statically compiled and more efficient. All of this transpiling from x to js and y to css would be unnecessary.
What are there the performance and usability consequences of each approach (py to js vs. py to wasm)?
> Military-grade encryption and security
Then I checked your site’s CSP policy on Mozilla Observatory:
https://observatory.mozilla.org/analyze/coinrule.com
coinrule.com scored 0/100 (F), because your site does not have the Content Security header implemented. I’d expect a software product focusing on security to have a strong CSP.
Before the Startup: http://www.paulgraham.com/before.html
> Or perhaps you want to use a managed PostgreSQL database in production but run PostgreSQL locally in a container for development.
It’s mentioned in passing with no discussion of why you should not run your database in docker compose - a very common use case - so the reasons I mentioned were not explicitly discussed.
Can you elaborate on this point? What’s wrong with their model?