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Mary Meeker’s 2019 internet trends report [pdf]

bondcap.com

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Re: Mary Meeker’s 2019 internet trends report [pdf]

#111

Post by vmurthy »

dredmorbius wrote: post #109
vmurthy wrote: post #105

Earlier quoted context omitted.

Not the OP but I dug a little into which company published this. The link takes you to "Bond Cap" which seems to be an offshoot of Kleiner Perkins [1] . Bond Cap is another VC fund according to their webpage [2]. Putting 2 and 2 together: if you were a prospective investor and are considering two firms A and B and A happens to publish a report every year that seems to indicate that they know the internet landscape ve…

That's fairly much as I'd suspected (though it'd be nice to hear OP's rationale). I'm coming to the conclusion that much publishing is really a highly-ornate calling card or advertisement.

If you follow a16z podcasts or their blogs, you’ll see they too doing quite a bit of this :-)

https://a16z.com/posts/

Re: Mary Meeker’s 2019 internet trends report [pdf]

#112

Post by kbenson »

skybrian wrote: post #107
kbenson wrote: post #80

Earlier quoted context omitted.

It's literally money taken out of your paycheck and added to the pool. You can opt out and they'll pay you the amount you're due based on what you paid in at that time, and you will not have any more withheld from your paychecks but you will not receive any more later in life either. It's literally a government run retirement account that you fund yourself (and at this point with less assurance that you'll get a good…

Do you have a source? I'm not finding anything confirming this based on a brief search. It doesn't look like most people can opt out or get any money before turning 62.

Hmm, the info I'm sourcing now also makes it look extremely hard to do. I knew someone who said they were opting out to get a few thousand dollars cash, and said that they got it, but maybe I misunderstood or they weren't explaining it well.

I think the rest of the points stand though. It's not just random tax allocations being distributed to people, Social Security has it's own fund that is paid into through it's own specific taxes.[1] The amount you get out is based on the you put in (even if it's not necessarily a simple formula). You can see this here.[2] I wouldn't consider a separately funded and administered fund specifically designed for retirement an "entitlement", as that term is generally used in politics.

It is true that employers match the amount employees put in (both to a taxable maximum amount), but that's not all that different than many retirement plans where there exist 401k matching. Social security is just a codified legal requirement that people have some form of saving account if they work, and split the burden between the employee and business (all businesses, which means it doesn't disadvantage the business since it's a level playing field)

1: https://www.ssa.gov/news/press/factsheets/HowAreSocialSecuri...

2: https://www.ssa.gov/oact/quickcalc/

Re: Mary Meeker’s 2019 internet trends report [pdf]

#113

Post by maxxxxx »

AlexMuir wrote: post #58
mevile wrote: post #14

Earlier quoted context omitted.

> will spell the doom of Uber and Lyft Car sharing isn't going anywhere. It's too convenient. The prices will rise, the number of drivers and passengers will fall and the companies will shrink, but they'll still be around. I have trouble seeing suddenly seeing a day when there's no car share service because they all finally went belly up.

By 'Car sharing' I think you mean taxis. Ride sharing is a tiny fraction of their business. To be fair, one could make the same argument about Pets.com. People will always need dog food, it will always be inconvenient to get it from the shop. But here we are 20 years on and I'd say online delivery of pet supplies across the world is virtually non-existent.

I order pet stuff online all the time. I look at it at Petsmart and keep ordering from them online.

Re: Mary Meeker’s 2019 internet trends report [pdf]

#114

Post by umeshunni »

karthikb wrote: post #98
pwinnski wrote: post #2

50% of the world with access to the internet, that's staggering. Slide 10 shows that there's still a lot of room for growth in Asia Pacific and Africa & Middle East regions, but clearly there are bigger issues involved there.

80% the world has never been on an an airplane, either. Many of what we take for granted in the developed world, and even in India/China, have barely been introduced to the vast majority of people.

To be fair, in almost all parts of the world, the cost of getting on a plane are significantly higher than the cost of internet connectivity AND there are cheaper alternatives to air travel.

Re: Mary Meeker’s 2019 internet trends report [pdf]

#115

Post by gwern »

zemo wrote: post #8
gwern wrote: post #7

Earlier quoted context omitted.

You can link specific pages in a PDF too, like thus: https://www.bondcap.com/pdf/190611_Internet_Trends_2019.pdf#...

woah. Is that a universal thing or is it browser-specific? I've never seen that before. edit: ah. Yeah it doesn't work on my phone (Pixel ... 1). It downloads the entire PDF and then just dumps me on the first page.

It's worked on every desktop browser I've tried it on. I haven't tried it on mobile. (Smartphones are not good for reading PDFs...)

Re: Mary Meeker’s 2019 internet trends report [pdf]

#116

Post by skybrian »

kbenson wrote: post #112
skybrian wrote: post #107

Earlier quoted context omitted.

Do you have a source? I'm not finding anything confirming this based on a brief search. It doesn't look like most people can opt out or get any money before turning 62.

Hmm, the info I'm sourcing now also makes it look extremely hard to do. I knew someone who said they were opting out to get a few thousand dollars cash, and said that they got it, but maybe I misunderstood or they weren't explaining it well. I think the rest of the points stand though. It's not just random tax allocations being distributed to people, Social Security has it's own fund that is paid into through it's ow…

On the other hand, if you die before getting to 62, your heirs don't get anything from Social Security (spouse aside). Other people will get the money. In that way Social Security seems like other insurance in that payouts are not earned and you're getting other people's money.

Similarly, if an insured house burns down, we'd say the policy holder is entitled to a payout, not that they earned it.

Re: Mary Meeker’s 2019 internet trends report [pdf]

#117

Post by kbenson »

skybrian wrote: post #116
kbenson wrote: post #112

Earlier quoted context omitted.

Hmm, the info I'm sourcing now also makes it look extremely hard to do. I knew someone who said they were opting out to get a few thousand dollars cash, and said that they got it, but maybe I misunderstood or they weren't explaining it well. I think the rest of the points stand though. It's not just random tax allocations being distributed to people, Social Security has it's own fund that is paid into through it's ow…

On the other hand, if you die before getting to 62, your heirs don't get anything from Social Security (spouse aside). Other people will get the money. In that way Social Security seems like other insurance in that payouts are not earned and you're getting other people's money. Similarly, if an insured house burns down, we'd say the policy holder is entitled to a payout, not that they earned it.

> Other people will get the money.

Well, it goes to fund the system overall, but doesn't really increase the amount other people get (other than to offset future inability to pay from instability of the institution). It is a socialistic institution, and there are other financial products that don't pay out after you die (annuities), so it's not entirely unique in that respect.

Also, having items only go to your spouse isn't entirely without precedent. How your assets are distributed when you die is handled differently in different states, but if all your children are from your spouse at the time of death, I think generally the assets all go to the spouse.[1]

> In that way Social Security seems like other insurance in that payouts are not earned and you're getting other people's money.

Consider savings accounts or money market at banks. They don't put your money in a vault and keep it there while it magically grows, they invest it, and the money of yours they invested may be completely wiped out at any time, but they offset that by other people's deposits and profits on other investments. Whose money you ultimately get out is irrelevant, as it is with every financial product. What you get in all cases is governed by an algorithm of some sort (even if it includes as a variable how a specific item performed as one or more of many variables, such as fees).

> Similarly, if an insured house burns down, we'd say the policy holder is entitled to a payout, not that they earned it.

Yes, but we wouldn't say that is handled through "entitlements", which colloquially means something entirely different when used to refer to items related to the government. Specifically, it refers not to the "the amount to which a person has a right" but to the other possible meaning, which is "the belief that one is inherently deserving of privileges or special treatment". In that respect, I don't think it's all that accurate to refer to Social Security as an entitlement, since the connotation is somewhat inaccurate in my eyes.

1: https://estate.findlaw.com/wills/what-happens-if-i-die-witho...

Re: Mary Meeker’s 2019 internet trends report [pdf]

#118

Post by kholethompson »

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Re: Mary Meeker’s 2019 internet trends report [pdf]

#119

Post by karthikb »

umeshunni wrote: post #114
karthikb wrote: post #98

Earlier quoted context omitted.

80% the world has never been on an an airplane, either. Many of what we take for granted in the developed world, and even in India/China, have barely been introduced to the vast majority of people.

To be fair, in almost all parts of the world, the cost of getting on a plane are significantly higher than the cost of internet connectivity AND there are cheaper alternatives to air travel.

Oh, absolutely. My point was more that huge swaths of the world are underserved by things that we take for granted and would otherwise assume "everyone" has been exposed to. And so, there's still a ton of headroom to grow.
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