I think this is a great idea, the biggest trend in global investing is ESG, with all the largest fund managers moving that direction, in part driven by client demand but also in recognition that they don't want to be laggards to the cultural shift and the inevitable regulatory interventions that are coming down the pipe; everyone expected ESMA to lead the way here but it's telling that the SEC also published a letter…
Launch HN: Alinea (YC W21) – Invest in stocks you believe in
71–80 of 139 posts
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#72Meh
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#73Earlier quoted context omitted.
Hi -- I'm the co-owner of Alinea... the restaurant and group. While they are in different industries, I owned a derivatives trading group for years, run a tech startup (Tock), and am getting a bunch of emails from folks thinking I started this or am affiliated in some way. So... while I dislike conflict, I really don't like be associated with something I have no control over. There will be an incoming email shortly.
> There will be an incoming email shortly To the founders: ignore their email and consult your lawyer. Trademark infringement generally requires an element of consumer brand confusion. There is no way USPTO will see a restaurant and a stock trading app as likely to cause consumer confusion, as they are in completely different industries with absolutely no overlap. Sharing the same name doesn’t matter much given that…
Also, it's always bad form to give out legal advice on the internet.
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#74Earlier quoted context omitted.
Hi -- I'm the co-owner of Alinea... the restaurant and group. While they are in different industries, I owned a derivatives trading group for years, run a tech startup (Tock), and am getting a bunch of emails from folks thinking I started this or am affiliated in some way. So... while I dislike conflict, I really don't like be associated with something I have no control over. There will be an incoming email shortly.
> There will be an incoming email shortly To the founders: ignore their email and consult your lawyer. Trademark infringement generally requires an element of consumer brand confusion. There is no way USPTO will see a restaurant and a stock trading app as likely to cause consumer confusion, as they are in completely different industries with absolutely no overlap. Sharing the same name doesn’t matter much given that…
You're making the assumption the email is a legal threat of some sort rather than an attempt to resolve the issue at hand.
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#75Shouldn't "Show HN" rules also apply to "Launch HN"? "Off topic: ... sign-up pages, newsletters, lists, and other reading material. Those can't be tried out, so can't be Show HNs. Make a regular submission instead." https://news.ycombinator.com/showhn.html This looks like an awesome product, but kind of annoying to see a "Launch" but it's just a waitlist. Why not wait until Monday?
I’d cut them some slack, they seem like they’re just following the YC advice. Move fast, launch early. No reason to be a stickler about the rules. Besides, tons of apps and services launch via testflight, gated betas/waitlist-then-interview. Superhuman, dispo, and clubhouse all did that strategy.
> Besides, tons of apps and services launch via [insert shitty "growth hacking" launch strategies]
Yeah, tons of them do but let's avoid that here if we're trying to keep the level a bit higher than just fad-of-the-day applications.
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#76Shouldn't "Show HN" rules also apply to "Launch HN"? "Off topic: ... sign-up pages, newsletters, lists, and other reading material. Those can't be tried out, so can't be Show HNs. Make a regular submission instead." https://news.ycombinator.com/showhn.html This looks like an awesome product, but kind of annoying to see a "Launch" but it's just a waitlist. Why not wait until Monday?
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#77I assume you are leaning heavily on some kind of natural language processing to automatically extract this information from SEC filings and earnings reports. That's a great idea. I just hope that you're being very very careful about the generalizability of your models & their performance over time. Obviously 99% of the work in buidling such a system is just getting access to all the data and setting up the ETL pipeli…
Currently, we are seeing that retail investors aren't doing any research at all, especially young people are relying on social media and memes to make investment choices which can be dangerous. EBITDA is important and it's a hard concept to understand for those who aren't familiar with finance - that's why we offer digestible insights to make it accessible. Analyst reports are very long to sift through and most peopl…
I don't necessarily agree. From Robinhood's most owned stocks by 02/25/21[0], you can 'maybe' argue that 2 out of them are 'meme' stocks. This is either an indications that investors know what they own or they follow the crowds (AAPL, AMZN, DIS, etc). It is easy to make conclusions based on media articles, but overall Robinhood investor is definitely not a meme investors
1. Apple 2. Tesla 3. AMC 4. Sundial Growers 5. Ford 6. General Electric 7. NIO 8. Microsoft 9. Walt Disney 10. Amazon
[0] https://www.nasdaq.com/articles/the-top-50-robinhood-stocks-...
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#78Shouldn't "Show HN" rules also apply to "Launch HN"? "Off topic: ... sign-up pages, newsletters, lists, and other reading material. Those can't be tried out, so can't be Show HNs. Make a regular submission instead." https://news.ycombinator.com/showhn.html This looks like an awesome product, but kind of annoying to see a "Launch" but it's just a waitlist. Why not wait until Monday?
It's a good question that has been on my mind too. I'm going to revisit the Launch HN process once the W21 stampede settles down.
You guys have probably noticed that we've been stacking two Launch HNs per day for a while now. This is because of how big the W21 batch is. Demand for Launch HNs is growing as YC grows; meanwhile frontpage supply is strictly limited. Not sure yet what to do, but the 'price' is going to have to go up somehow!
This subthread was at the top of the page. When a comment like this appears, it means that many other readers have the same question, and if it's upvoted to the top of the thread, that's even clearer.
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#79I assume you are leaning heavily on some kind of natural language processing to automatically extract this information from SEC filings and earnings reports. That's a great idea. I just hope that you're being very very careful about the generalizability of your models & their performance over time. Obviously 99% of the work in buidling such a system is just getting access to all the data and setting up the ETL pipeli…
Currently, we are seeing that retail investors aren't doing any research at all, especially young people are relying on social media and memes to make investment choices which can be dangerous. EBITDA is important and it's a hard concept to understand for those who aren't familiar with finance - that's why we offer digestible insights to make it accessible. Analyst reports are very long to sift through and most peopl…
I disagree. The acronym is surely a mouthful, but you can summarize EBITDA as "approximately the same as cash flow generated by the company before paying any taxes, interest on loans or making capital investments like building a new plant or buying manufacturing equipment" which should be very intuitive for someone to think through
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#80Alinea is also a three-Michelin star restaurant in Chicago. I don't think names need to be 100% unique, but in the case of targeting wealthy investors - I'd assume they're one of the most likely groups of people to already think of "Alinea" as a restaurant. Plus, Alinea is involved heavily involved in tech via Tock.
The groups owner is the CEO of Tock, but I don't think that means that Alinea itself (and its name) is heavily invested in tech.