101–110 of 252 posts
This, in sports, finance, startups - everywhere. Dirty players skew the dynamics of any system leading to worse outcomes for those that choose to remain honest.
We need the supposed ‘smartest guys in the room’ to be less dumb and do due diligence and we need strong consequences for founders that misstate their company’s position.
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Inflation caused by the central bank that gives free money to the rich and makes classic investments in a safety account pay less than inflation. Double whammy of screwing poor people with monetary policy.
Why should you putting your money in a savings account ensure that you are protected from inflation? The whole point of an economy is for money to move and be invested, not hoarded by a dragon sleeping on a pile of gold coins.
As I understand it, western retail banks that take deposits are fractional reserve banks, and have to be if they pay interest on deposits; after all, banks don't generate revenue from just looking after your money (unless they charge you for it, perhaps in the form of a negative interest rate)
Everyone on and around social media wants new and better forms of social media. I think the average person thinks social media is the drizzling shits but if they have to use it, they'll just stick to the large platforms.
I think some users certainly act as you describe, but I suspect the majority of users will follow the early adopters after they identify and popularize a better mousetrap. The history of social media platforms suggests to me that users are fickle and have no strong connection to any platform. Friendster, MySpace, Facebook each had their moment and then most users either left the platform or spend more time on other p…
for facebook to be displaced, an app has to offer something else facebook isn't offering, and most new apps offer less - going for the simpler approach. I think that's a loosing strategy myself. I remember how long I used msn messenger just because it had the email tied into it at the time. You need to offer more, not less.
Why is it always Softbank getting scammed?
Anybody who has seen a Masayoshi-son presentation and then gives SoftBank capital to invest deserves whatever loss they take. https://www.businessinsider.com/13-slides-softbanks-vision-f... https://finance.yahoo.com/news/golden-geese-unicorns-inside-...
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Technical due dilligence isnt that important. The first thing is that the product has to scale, be popular, then maybe make money. You can always hire people who will rewrite. The opposite doesnt work. Technically brilliant product might be unpopular or unknown. Please note: I dont say that things should be built poorly.
> Technical due dilligence isnt that important. I suspect some Theranos and uBeam investors disagree with you
Very much depends on the stage. At Idea Stage or Prototype what are you looking at exactly?
Series C biotech though…
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Non-native English speaker here. What does "serial" mean in this context? Is it referring to a linear record of achievements/prior employment?
Yes, it's referring specific to a "large quantity" aspect of it. If you achieve some X, and then achieve X again, and again, people will trust you to achieve X again. Of course, that leads to people faking past successful startups. There are plenty of successful serial entrepreneurs out there that sold stuff for pennies to their family or something like that.
Unless they figured out how to get lucky, then definitely follow the leprechaun…
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Huh?
There is a ToS in these services as well. And you can't use many from those services to actually register an account for a meaningful service. E.g. have you created Instagram account with them? Seems like there is a determined will to blacklist as many as possible.
5sim.net, sms-activate.org, smspva.com, I'm talking about these, they're specifically made for that purpose, you can pick a country and a service
Reddit famously started with a lot of fake users. I think the founders mentioned it in an interview. Even the Swedish guy from the show Succession was inflating his numbers. And those attributed clicks from Facebook (especially fb) and Google, better not to look too close.
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I can pick up PAYG Sims for verifying for essentially nothing (I think the cheapest I've seen here is 10p). A phone number proves, and stops nothing. If you can't detect spam from either the message, the volume or from other users reporting, then you have bigger problems.
But you can’t automate that trivially