Viewing profile — philrapo

A common zoning distinction is that a bed & breakfast is a private home where the host lives in the home. If the host does not live there, many cities/towns would then consider it …

AirBnb is also collecting occupancy tax in many cities [0]. I don't have a view on whether this tax is well justified, but it does seem like if hotels are required to charge it, th…

Prominently displayed in large font on page 1 of the Goldman research report on Tesla: "Goldman Sachs does and seeks to do business with companies covered in its research reports. …

You are conflating the investment banker and the equity research analyst, which have legally mandated information sharing firewalls. Also this potential conflict is clearly and ope…

It is much harder for investors to do their homework on private companies, because (as described in TFA) many private companies selectively disclose metrics that paint them in a po…

A different rational response could be to raise parking ticket prices. I live in NYC. Parking here is so expensive that paying for a parking ticket (if you happen to get caught par…

"I think this means building something on the internet, but not using AOL"

Levered people, whether rich or poor, are the ones who are forced to sell. There are always some over levered folks from both ends of the economic spectrum. As long as you can make…

The average founder is (or was) already 30+: https://hbr.org/2014/04/how-old-are-silicon-valleys-top-foun...

Broadly speaking, investment banks perform two roles: 1) Act as advisors in financial transactions. You expect them to have your best interest in mind here. That's the core reason …

> Uber said it had not received any national security letters or orders under the Foreign Intelligence Surveillance act. This statement is likely a warrant canary: https://en.wikip…

Is there any reason you can't fly subsonic over land, then accelerate to supersonic over the ocean?

What do you eat at home for $1 a meal?

i was thinking this too. i'd like to also have a screen, for example on my fridge, where echo can post visual data replies.

Commercial planes and cruise ships buy insurance to deal with these issues.

Actually I have heard/read that it gets more common in very late stage (near-IPO) financing rounds as well. For example, when a company is expected to IPO in the next 12-18 months …

I haven't seen any data on it, but that's my understanding as well. (>1x is rare in today's market). But the NYT article does mention Honest Co. with a 2x on $1.7bn valuation, so t…

To put it another way, downside protection / insurance has value.

Are you saying you'd value shares at the same amount with or without a liquidation preference? I'd value the shares with liquidation preference at a premium, no contest. e.g. 1,000…

that's why you always voice confirm...

What about: 4. 3-D models are available for purchase to instantly print an item in any dimensions you'd like.

It's funny, but people in NYC rarely get to know their neighbors, regardless of rent vs. own. Cultural thing I guess. Maybe it helps ignore the extremely crowded population density…