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Ask HN: Which startups are thriving in the downturn?

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Re: Ask HN: Which startups are thriving in the downturn?

#61

Post by D13Fd »

nickserv wrote: post #46
D13Fd wrote: post #35

Earlier quoted context omitted.

Having debt is not the worst thing in an inflationary period. The inflation reduces the value of your debt.

This is true for investment debt like real estate. If you're taking on debt to pay for basic necessities because salary rises don't match inflation it's an altogether different situation.

Yes, if you take on the debt after the inflation it does you no good.

But if you take loans in 2015 dollars and repay them in 2022 dollars, you are better off in terms of repayment by having a lot of inflation during that period. It doesn't matter what purpose you took the loan for.

Re: Ask HN: Which startups are thriving in the downturn?

#62

Post by D13Fd »

rxhernandez wrote: post #44
D13Fd wrote: post #35

Earlier quoted context omitted.

Having debt is not the worst thing in an inflationary period. The inflation reduces the value of your debt.

ONLY if your wages keep up with inflation.

Yes, that's true. But that's like saying "ONLY if you don't lose your job" or "ONLY if you don't get hit by a train."

Re: Ask HN: Which startups are thriving in the downturn?

#64

Post by dionidium »

AnEro wrote: post #13
NickM wrote: post #12

I find the whole "economic gloom" sentiment a bit odd. We're at extremely low unemployment, and GDP took a small dip in Q1/Q2 but is projected to start growing again in the second half of the year. The S&P 500 is down less than 10% from it's all-time high. Inflation was an issue for a while, but a lot of that seemed to be driven more by temporary supply constraints in certain sectors than any actual currency devaluat…

Knowing people that make under 60k a year, and how harder their lives got and how hard it is to pay back loans and other obligations they where ulitmately strong armed into taking to improve their position. Not to mention how alot of western nations have a large majority of people are pay check to pay check regardless of their tax bracket. Working class is a good litmus of how the economy is doing vs S&P because spec…

> how hard it is to pay back loans and other obligations they where ulitmately strong armed into taking to improve their position

It's been a while since I've been in that income bracket, but I don't remember ever being strong-armed into taking on unnecessary debt. What are you referring to here?

Re: Ask HN: Which startups are thriving in the downturn?

#65

Post by pid_0 »

NickM wrote: post #12

I find the whole "economic gloom" sentiment a bit odd. We're at extremely low unemployment, and GDP took a small dip in Q1/Q2 but is projected to start growing again in the second half of the year. The S&P 500 is down less than 10% from it's all-time high. Inflation was an issue for a while, but a lot of that seemed to be driven more by temporary supply constraints in certain sectors than any actual currency devaluat…

No post body was provided.

Re: Ask HN: Which startups are thriving in the downturn?

#66

Post by __MatrixMan__ »

rxhernandez wrote: post #44
D13Fd wrote: post #35

Earlier quoted context omitted.

Having debt is not the worst thing in an inflationary period. The inflation reduces the value of your debt.

ONLY if your wages keep up with inflation.

Right. And the compensation changes associated with going to a different company are almost always better than letting your current company re-evaluate your pay. So if inflation causes people to jump ship to get market-adjusted pay, you now have formerly-productive people now in FNG-mode, which is a much more impactful phenomenon than inflation on its own.

Re: Ask HN: Which startups are thriving in the downturn?

#67

Post by Negitivefrags »

rank0 wrote: post #45
NickM wrote: post #12

I find the whole "economic gloom" sentiment a bit odd. We're at extremely low unemployment, and GDP took a small dip in Q1/Q2 but is projected to start growing again in the second half of the year. The S&P 500 is down less than 10% from it's all-time high. Inflation was an issue for a while, but a lot of that seemed to be driven more by temporary supply constraints in certain sectors than any actual currency devaluat…

I think it’s easy to miss some of the very real pain lower income folks are experiencing right now if you’re not in their bracket. Inflation causes excess capital to flow into assets, which the poor don’t have and HN commenters do. The inflation issue is absolutely not solved. A single month from 9.1 -> 8.6 is FAR too soon for victory. I suspect the recent rally in the market comes from the assumption that the Fed wi…

The move from 9.1 to 8.6 is due to a single month of zero.

People forget that 11/12th of the data for the yearly number already happened when they see the new number each month.

It’s not impossible that inflation is just 0% from here on out and yet it will still take a while for the yearly number to come down.

Re: Ask HN: Which startups are thriving in the downturn?

#68

Post by verisimi »

NickM wrote: post #12

I find the whole "economic gloom" sentiment a bit odd. We're at extremely low unemployment, and GDP took a small dip in Q1/Q2 but is projected to start growing again in the second half of the year. The S&P 500 is down less than 10% from it's all-time high. Inflation was an issue for a while, but a lot of that seemed to be driven more by temporary supply constraints in certain sectors than any actual currency devaluat…

I think the gloom sentiment is also no good. Life is bountiful and joyful.

But I wouldn't build my case on the provided numbers. Inflation numbers, unemployment numbers are not yesterday's numbers, as in they are not derived the same way. They mean exactly what they intended to mean, for managing expectations in the present.

Re: Ask HN: Which startups are thriving in the downturn?

#69

Post by kkielhofner »

bruceb wrote: post #43
kkielhofner wrote: post #38

In the crypto ecosystem the compliance and anti-fraud space is doing very well (it's about time): https://techcrunch.com/2022/05/24/doppel-helps-nft-projects-... https://www.coindesk.com/business/2022/07/20/ai-based-startu... https://www.theblock.co/post/159791/center-raises-11-million Shameless plug - Doppel and Optic are direct competitors for what I've been building: https://fnftf.io/ (We're the only solution that…

I don’t know about much about the space but my first impression is the initial pitch is confusing. Fight NFT Fraud sounds like a service for company buying/selling NFTs, and needs to stop attacks on their system and is actually slightly vague. Seems like people can check if a specific NFT is stolen or improperly minted? Lead with that. CarFax for NFT (but even more important) Is that NFT Stolen? Check now. Then after…

Thank you for the feedback!

Yes, I'm glad the core sentiment and functionality comes across.

One of the biggest issues in the space (for Tovera and FNFTF) is that the crypto ecosystem is so sleazy no one in our targeted user/customer base (slightly sophisticated users and beyond) trusts anything or anyone - and rightfully so.

In reaching out on Twitter, etc getting anyone to engage with something like FNFTF to even upload a PNG/JPG is near impossible. Install a browser extension?!?! Yeah right. Our most common response is "Nice try, scammer".

This is why we have "Show me a Random Ape" and "What have other people searched" buttons. It's practically all anyone who visits the site uses because of the issues I mentioned. So that's why we try to lead with something above the fold.

It's a chicken/egg reputational issue for us. Granted all of this is the creator and collector space - the real customer is an NFT platform, marketplace, etc that would integrate us in the backend somewhere so a user that already trusts wherever they are would inherently trust us.

Re: Ask HN: Which startups are thriving in the downturn?

#70

Post by COGlory »

NickM wrote: post #12

I find the whole "economic gloom" sentiment a bit odd. We're at extremely low unemployment, and GDP took a small dip in Q1/Q2 but is projected to start growing again in the second half of the year. The S&P 500 is down less than 10% from it's all-time high. Inflation was an issue for a while, but a lot of that seemed to be driven more by temporary supply constraints in certain sectors than any actual currency devaluat…

>Inflation was an issue for a while, but a lot of that seemed to be driven more by temporary supply constraints in certain sectors than any actual currency devaluation, and inflation already seems to be dying down anyway.

Man, this attitude is terrible. My life and all of my colleagues lives have been completely flipped upside down by this inflation. This comment just donwplaying it as a non-issue made me really angry. How out of touch are you? I can barely afford groceries anymore. And not the organic kind - the bottom basement price chopped discount kind.

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