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The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week

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Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week

#61
Key passage for me

>MP: We sell a lot of patents, maybe more than anyone else. Usually, the only way to pay back [lenders’] loans is to sell the patents. So people aren’t paying what the company would have been worth but usually enough to pay back that secured debt.

So many companies saying they'll only use their patents defensively... may find that their patents will fall into the hands of someone who doesn't share their perspective.

Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week

#62
post #52
post #46

Earlier quoted context omitted.

Something something it's literally impossible to hire engineers who aren't showered in toys and treats. But yeah, I generally agree with you. I like my fancy chair because I spend an awful lot of time in it every day, and I'm tall (6'6"), so most chairs are pretty uncomfortable for me and my lower back already sucks.

I went to work for a utility company blocks away from Puppet HQ, New Relic, Tripwire, Simple, and many others. There are tradeoffs but it has been one of the best decisions that I've made for my work-life balance in years. Perks are basically non-existent, but they ring hollow if the work isn't enjoyable or rewarding enough on its own.

I know the feeling. I'm digital marketing guy for an electronics manufacturing shop, our office environments are likely similar. Occasionally I interview at startups when I think what they're doing is actually interesting, and it always feels like I'm visiting another planet. My nights and weekends are worth more than free meals and laundry.

Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week

#64
post #41

Earlier quoted context omitted.

All this needs is a "This is good for Bitcoin." and we've reached full success-fail.

It's actually a core and well supported part of capitalism - people hire more when firing is easy, lenders are more willing to lend in industries with repo men, etc. It's kind of morbid, but rich ecosystems like the Amazon mostly exist because dead stuff is rapidly recycled. The economy is no different: slowing down the cycle is incredibly distortionary.

So you're says no we need a good reaper for the industries riddled with monopolies?

Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week

#65
post #56
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Yeah the 2008 financial meltdown saved my lumbar region. Paid 250 for a 1,600 euro chair. Very happy. On the other hand a lot of people lost everything. So that was the flipside.

In my area, there were tons of mortgage companies going under left and right back then. Definately lots of people lost their jobs but the glut of cheap office furniture allowed my dad's cost-conscious company consistently upgrade for a while. Since they were a descent-sized firm, buying a lot of chairs or monitors was easy but I wonder how often for someone like myself interested in just a single desk or chair could…

Overstock.com built their business largely on the assets left from the dotCom bubble bursting around the millennium.

For some, a crisis is an opportunity.

Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week

#66
post #35

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Embody, also by Herman Miller.

At $1500 for a chair, no wonder these startups are failing.

At 100k year (cheap for an engineer!) that is about a weeks wages.

Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week

#67

Earlier quoted context omitted.

At $1500 for a chair, no wonder these startups are failing.

look, friend, this is the most sedentary line of work there is. if you don't have a good chair you're in for a world of hurt.

I've slept under my desk because the couch was already occupied. I think a certain amount of pain in a startup focuses people and I'm very good with that.

As for sedentary, it doesn't have to be. I worked at 100 Hamilton Ave once before it was Palantir. Boring work but there was a gym in the basement. I got my bench 1RM up to 270.

And I've worked at a certain company where the VP of Resources personally adjusted the Aeron to my 6'4" as part of my onboarding. This did not impress me.

It ain't the chair.

Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week

#68
post #46

Earlier quoted context omitted.

At $1500 for a chair, no wonder these startups are failing.

Something something it's literally impossible to hire engineers who aren't showered in toys and treats. But yeah, I generally agree with you. I like my fancy chair because I spend an awful lot of time in it every day, and I'm tall (6'6"), so most chairs are pretty uncomfortable for me and my lower back already sucks.

there was an article a while back about how any type of exercise movement, weight lifting to running to walking would ease up lower back pain.

Ultimately comes down to strengthening those muscles. Sitting all day atrophies the muscles. I had lower back pain for the first 30 years of my life, then started deadlifting and the back pain is gone. g'luck

Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week

#70
post #22

Earlier quoted context omitted.

I was at SXSW but didn't have as much time for Interactive sessions as in past years. Can you expound on your SXSW observation? I did notice the trade show seemed dominated by the country pavillions like I don't remember before. It made me wonder if they were basically bussing in international startups to cover up for the general lack of startups that wanted to buy a booth.

First, from what I am hearing, there was overall lower number of badge sales for SXSWi. The sometimes large attendance at sessions was masked by the fact that SXSW now allows any ticket type entrance to various events, but only prioritizes certain badge holders. Second, overall attendance at unofficial events was significantly lower from previous years. Previously you faced huge lines for most parties, but many such…

At the same time, it's also reasonable to ask how much of it is just SXSW getting past its Sell By date. I don't really have an opinion one way or the other but a lot of events seem to go through a certain natural cycle even when the environment they're operating in remains basically healthy.
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