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pisarzp

HN member
Joined
Thu, Jul 26, 2012, 12:59 PM UTC
HN karma
861
Public activity
129 items

About pisarzp

fintech VC in London, UK. ex GOOG.

Recent public activity

  1. comment
    Comment #23195008

    No, usually investors stock is preferred with 1x liquidation preference. This means they get their money back, then the rest is split among other shareholders

  2. comment
    Comment #22285139

    I think it's a bad advice. If you only wait for investors to find you, you don't run competitive process, don't have enough options and you give up your shares at too low price.

  3. comment
    Comment #20298944

    Funnily enough, top comments say it works only for people with one account :)

  4. comment
    Comment #19485232

    We use chip&pin in europe. It looks like Apple card supports it and you'll be fine

  5. comment
    Comment #19485220

    Not soon. Business model in Europe is much less interesting, since EU capped interchange fees

  6. comment
    Comment #19485185

    The problem is credit card business in US is a)much more profitable due to significantly higher interchange fees and b)credit cards adoption is much higher.

  7. comment
    Comment #19364309

    well, he kind of was fired (asked to leave)

  8. story
  9. comment
    Comment #18994111

    He is, he played off-race, that's why they invited MaNa to allow AI play against very strong protoss

  10. comment
    Comment #18994099

    I think this was one of the most interesting aspects of seeing AlphaStar play. MaNa already started to use oversaturation when he played live game against the AI. I'd bet soon this…

  11. comment
    Comment #18970743

    Actually, it's not entirely true. A few years back EU cut the interchange fees dramatically (to 0.3% on credit cards, 0.2% debit) but all the savings were pocketed by merchants

  12. comment
    Comment #18970702

    Actually, it's merchants. EU drastically capped interchange fees a few years ago. The premise was that it will lower costs for merchants and effectively lower costs for consumers. …

  13. comment
    Comment #18268441

    I thought so too. Then i joined Google, where it’s mandatory. After some time I learned to see the value. Ever since i left Google i tried to have them, but managers dont seem to b…

  14. comment
    Comment #17881535

    It's usually at least 3-4x, not double. On some routes, it's even up to 10x. Also, here as a couple, you might have this just for 50% more (booking 3 seats instead of 2; assuming p…

  15. comment
    Comment #16308359

    Source code for expansions for Heroes of Might and Magic 3 was also lost [1]. It's a shame because it was one of my favourite games ever [1] https://ggtriple.wordpress.com/2014/12/…

  16. comment
    Comment #16202626

    I think it’s great. I’d love to see somethin similar for chronic diseaseas. When you see a doctor once per several months, it’s impossible to really tell him if you are doing bette…

  17. comment
    Comment #16150038

    I have a first generation Xiaomi vacuum and it's amazing, at 30% of high end Roomba with comparable features

  18. story
  19. comment
    Comment #14404390

    Investors, founders and employees wanted to have liquidity on their stock. Secondaries market is very limited.

  20. story
  21. comment
    Comment #14123050

    It's not NET cash, so it's right not to include debt.

  22. comment
    Comment #14053565

    Uber seems to be in 581 cities [1] while Lyft in 200 [2]. So this is 3x difference. However, Uber is more global, therefore has much more large cities around the globe. It wouldn't…

  23. comment
    Comment #14053500

    I beg to differ here. Once you get the scale like Uber, and you don't have to spend billions on marketing, this is a very high margin business. Minimal costs to maintain infrastruc…

  24. comment
    Comment #14053399

    You can't forget the difference in scale. Lyft is only in USA, while Uber is a global company. For them to enter Europe/Asia now, would mean tremendous investment.

  25. comment
    Comment #13952193

    I believe a lot of people shoot in higher resolution than intended output because they want to be able to crop the video and still have desired resolution.