8,502 karma · joined April 22, 2009
Co-founder and CEO at Riza, a company working on untrusted code isolation with WASM: https://riza.io / hello@riza.io
Previously COO at ngrok: https://ngrok.com.
I was the Founder and CEO of an MVNO/VoIP hybrid company called Charge (formerly known as Bolt): https://charge.co.
I worked at Twilio: https://www.twilio.com.
I wrote the original ruby library that wraps Twilio's HTTP API: https://github.com/twilio/twilio-ruby
Other projects include receive-only telephone numbers at https://oneway.tel and free HPKP report bin hosting at https://hpkp.org (now defunct).
[ my public key: https://keybase.io/andrewmbenton; my proof: https://keybase.io/andrewmbenton/sigs/m4O8mq4uxoPSm2XlB1RUT1XkH5v8KX7UR448y8T74mo ]
Any driver who was formerly driving for a small taxi company could simply drive for Uber/Lyft. So what is the benefit of having management be local vs centralized?
Bessemer & Co. probably don't know that the docs are literally being copied though.
Any time barriers to entry are lowered far enough that a market participant doesn't have enough to lose by behaving badly we'll see problems like this.
For most people, the only way to buy equity (lottery tickets) in a private company is to work at one and negotiate for equity compensation.
Tokens are somewhat different I suppose if they are actually listed and tradable right away. That solves the access problem.
But besides access there are also often price discounts granted to employees for both tokens and equity forms of lottery tickets.
So I guess I would say it's not always the right thing to optimize for, but in general working at a company you really believe in can get you access to some very rare lottery tickets.
If the company builds valuable assets or generates a lot of cash, then equity is valuable. The company might be able to "get bought out or go public" as a result, but if not you still have a claim on future cashflow and company assets. Most companies don't go public but many of those do pay dividends to equity holders.
Anyway my only real advice is to find out how the founders are compensating themselves. That will tell you a lot about where they think value creation and capture will accrue in the long run.
It kind of is though. Valuation is based on future discounted cash flow. Aspirations inform how much future cash flow a company can generate.
Comments have to be submitted it looks like, so this isn't even Reddit providing the actual list.
It would take a large-scale public education campaign to teach people what it means when they see a warning message that reads "Peer key changed. Are you sure you want to proceed?"
If you need to be convinced, go ask your mom or dad whether it's immediately obvious what is going on when they see an insecure connection warning in their web browser. In my experience everyone just clicks through to "proceed anyway" without comprehending it at all.
2) I'm not sure what point you are trying to make here. I didn't say that news isn't about finding the truth. But when describing complex systems and situations there is always going to be judgement applied in the distillation process. So for instance, you could say "Facebook provided private message data to some application partners" or you could say "Facebook's users inadvertently agreed to share private message data with application partners." Both are true.
Anyway I do sometimes think that it might be good to have an actual screen recording of everything I do online, just so that I could look back and see what a permission dialog looked like for instance.
Maybe I will build a Chrome extension for myself.
Why is that okay?
I don't think anyone would disagree that generally stealing is wrong and people who do it in general deserve to face consequences. But the consequences should be proportionate to the crime. I don't think anyone deserves to die for petty theft, regardless of circumstances.
It seems like you are suggesting that if someone takes a $50 package off of my front porch, and then I come outside to confront them, and in the altercation this person makes a threatening gesture towards me then I would be within my rights to use lethal force.
That seems like a disproportionate escalation to me.
Anyway I think we just disagree about some of these proportionality issues.
If someone steals something, that doesn't mean they automatically lose all of their rights to life and property simply because in your mind they are now a "criminal".
The point is that at some point an "innocent" citizen crosses a line and is no longer innocent. We are just debating where the line should be.
I am absolutely not saying it doesn't happen. I am asking how can we tell?