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Only one of those doesn't require your phone number. It'll be nice when we get to the point where we can have a proper working chat app that doesn't require one. Hangouts used to be great but Google has to always make sure their chat doesn't work.
Without a phone number how do you prevent abuse and spam?
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It raises the cost for any spammer, including determined actors. More code, more complexity, plus the cost to actually rent the numbers. A lot of tech bros need to touch grass and realize that the rest of the world doesn’t mind giving their phone number to a chat app.
People shouldn’t be expected to give up their privacy and anonymity and put themselves at greater risk of identity theft because big tech can’t be bothered figuring out a different way to solve spam. Just because the rest of the world doesn’t mind giving out their phone number, it doesn’t mean it’s harmless. I don’t know about you, but I don’t want to get sim swapped and have all of my bank accounts drained because s…
I guess this is the way to get rich quick now. Imagine a company with millions of fake users all created by a LLM app.
App trustworthiness is at an all time low if you ask me. It's like each store you walk in to is a scam operation out to get money for returning the littlest amount of value back. There is no more organic or honest growth, even users on platforms are faking their statistics too... This entire ecosystem will eventually end up eating itself in my opinion.
Are softbank actually the biggest idiots in VC? It almost seems like everything they invest in is a handshake deal built on "just trust me bro" numbers.
1) Institutional trust (Stanford, Harvard, MIT, "ex-FAANG", "ex-McKinsey", etc.),
2) Social trust (someone you know that has already established one of the three other kinds of trust),
3) Serial trust ("3-exits", "former CEO/CTO/VP of..."), and
4) Transitive trust ("Sequoia invested in X; I trust Sequoia; therefore, I should invest in X")
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> More code, more complexity, plus the cost to actually rent the numbers Not a big deal, there's sms verification services, they have APIs and premade libraries, cost is about ~$0.06/verification depending on which service you use, and less with bulk discounts.
And spoiler: you can’t use those for spam.
Are softbank actually the biggest idiots in VC? It almost seems like everything they invest in is a handshake deal built on "just trust me bro" numbers.
I have brought this up in another comment, but my experience in the VC world is that it operates too heavily based on 4 types of "trust": 1) Institutional trust (Stanford, Harvard, MIT, "ex-FAANG", "ex-McKinsey", etc.), 2) Social trust (someone you know that has already established one of the three other kinds of trust), 3) Serial trust ("3-exits", "former CEO/CTO/VP of..."), and 4) Transitive trust ("Sequoia investe…
Do today's VCs take technical due diligence seriously? If not, why not?
Are softbank actually the biggest idiots in VC? It almost seems like everything they invest in is a handshake deal built on "just trust me bro" numbers.
It doesn’t look like this strategy worked out well for them.
Earlier quoted context omitted.
I have brought this up in another comment, but my experience in the VC world is that it operates too heavily based on 4 types of "trust": 1) Institutional trust (Stanford, Harvard, MIT, "ex-FAANG", "ex-McKinsey", etc.), 2) Social trust (someone you know that has already established one of the three other kinds of trust), 3) Serial trust ("3-exits", "former CEO/CTO/VP of..."), and 4) Transitive trust ("Sequoia investe…
I've always had this background thought that it would be a fun job to do "due diligence" on behalf of VCs. I remember being on the receiving end of some of that work, and I wasn't all that impressed. Do today's VCs take technical due diligence seriously? If not, why not?
Because they're worried they'll miss the boat. Maybe less true in these not-quite-so-booming economic times but not so long ago VCs were literally competing to get in on rounds of funding for hyped up startups. The fact that the hype often never amounted to anything didn't seem to matter, if so-and-so was investing then you wanted to be in on that too or you'll look bad.