181–184 of 184 posts
Anyone remember who wrote that doomsday deck for portfolio founders in like 2008? I can’t believe it’s escaping me, it caused quite the stir at the time.
Sequoia https://www.slideshare.net/eldon/sequoia-capital-on-startups...
Not titled as doom-y this time round.
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Even if unemployment rates triple, we're still not in an employer's market. Companies will lay off to survive, but there will be jobs for laid off to land in.
> Even if unemployment rates triple, we're still not in an employer's market Broadly, no. We had 0.6 unemployed per job opening in May [1]. So a ~70% increase in unemployment would have neutralised the market. We saw a 5% MoM reduction in job openings in June [2]; if that continued into July then the ratio is currently about 0.7. Still tight! But tightening, and with all signs pointing to a neutral market before Hall…
Today's report from DOL is unsurprising (unemployment went down in July).
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No, it’s still 125k for 7%, with an option for an additional 375k on an uncapped safe. Source: https://www.ycombinator.com/deal/
"You are technically correct, the best kind of correct."
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We actually thought about doing YC and demurred because (1) it wasn't a great deal and (2) because the batch size was so big, it wasn't a particularly good signal anymore. I've heard from other founders that they have so many startups no one gets much individual attention. That didn't stop us from launching on HN though :-P https://news.ycombinator.com/item?id=32266086
I do not understand why the mods flagged the sibling comment. It was on topic, directly related, and is a central issue for the given discussion. Ah, yes, it’s because I tangentially pointed out exactly how much power YC has, and that’s bad for business. Got it. I’ll keep my head down before one of the powerful people reading this decides I need to get my account permanently penalized again until I learn my lesson an…
FWIW, the reason we started Parsnip wasn't any of the ones you listed. I actually wrote about it here: https://parsnip.substack.com/p/why-we-started-parsnip