171–180 of 238 posts
There was a similar project a few months ago that tracked changes/pivots/shutdowns in startups. It was a very light site, unfortunately I lost the bookmark or forgot to bookmark it. Can anyone help me here?
Earlier quoted context omitted.
I think a lot of gen z founders see nothing wrong with paying themselves a FAANG salary. My generation, not so much (I’m 45).
Not an expert myself, but I don’t believe $200k/year counts as a “FAANG salary” for anyone with founder-level responsibility.
It's a pretty decent compensation though. The base salary of a mid-level position at Amazon with substantially better equity terms (no cliff, no one deciding your bonus will be cut without your input, etc). It's a far cry from the PG ideal of salaryless founders surviving on instant ramen in their garage.
Earlier quoted context omitted.
What kind of restaurant takes tens of millions to start? Most estimates I'm aware of are less than 1 or 2 million at the very most.
I imagine some of the themed restaurants in Disney cost at least that much.
Earlier quoted context omitted.
I know some (YC and others) who float around doing nothing on $200k a year in salary because no investor cares enough, or has the legal right, to get their money back. Not sure what their long-term game plan is. The others end up at another Series B+ startup or go to a MANGA company if they can grind leetcode for a bit and get an interview.
They pay themselves 200k/y in a pre-market fit startup? That's insane and I guess on the investors for going over the traditional preseed amounts. Or do you mean that they're zombie startups that make enough to pay the founder 200k/year?
Earlier quoted context omitted.
No - that’s true if you are trying to determine if you can write it off, but if you actually sell it back for $1, you can take the loss.
Not if the fair market value can be proven otherwise. It’s just fraud
If I sell something I bought for $1 million for $1 in an arm's length transaction, I'm realizing a loss of $999,999 even if the asset was worth $500,000. And it'd be a rational decision if it cost me $5 million in opportunity costs to do that $500k sale.
Earlier quoted context omitted.
None of that existed when they first started. The pitch was to rent out your house while you're out of town.
But they only got big when the commercial "hotels" came on and saw they could "work around" laws like that.
Earlier quoted context omitted.
What choice do they have? If they shot the enterprise down, they got nothing.
I think someone else pointed this out as well, but if the business fail, they can most likely do a tax write-off.
The list is missing stock trading platform Cera. These clowns were absolute scammers with a buggy app and zero customer support.
Earlier quoted context omitted.
The quality bar for YC has been at an all time low. Hence why lots of “startups” are getting accepted into YC in 2024 screaming about AI and some that compete against each other over the same idea, but “open source”. > I actually believe YC is worthwhile, but I wonder if Ize just been brainwashed? Ask yourself, if you really need VC money in the first place. The moment you go to YC, they become your new boss and alwa…
The quality bar of pretty much all seed stage investors has always been extremely low. That is simply the nature of the business. At that stage the signal-to-noise ratio is very low. There just isn't enough data to make reliable determinations, hence the emphasis on quantity of deals over quality. There is nothing to learn from the SVB collapse. They mismanaged interest rate risk and overextended. So what.
Of course it is. That is why I said the quality bar it is at an "all time low".
> There is nothing to learn from the SVB collapse. They mismanaged interest rate risk and overextended. So what.
Ah yes, why not tell those same so-called "AI startups" to repeat that same mistakes again in 2023 and also continue to burn lots of that money and we'll see yet again widespread massive panic, downrounds on this site like we did before.
The startups that got complacent over believing that VCs will just throw money into their startup forever (until they don't) are the ones that will be added into that inactive directory unfortunately.
So as soon as this AI bubble collapses with a new surprise catalyst, I won't be surprised to see YC directly caught in the contagion because they threw themselves into hundreds of low-quality startups, unable to make money and they are cloned and raced to zero.
Earlier quoted context omitted.
I imagine some of the themed restaurants in Disney cost at least that much.
Having worked at those, they are shoestring to the core. Guests see beauty, behind it is paper mache and $8/hr college students whose wages are garnished for rent and class fees.
> We perform everything from preparing and creating treats like turkey legs and churros to serving grant and exquisite meals at the famous and exclusive Club 33. If you are eating in the parks, our members are making that happen.