51–60 of 168 posts
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I don’t get why Microsoft isn’t one of the letters. I get that it needs to be easy to say but still.
Because the acronym comes from stock markets, when FAANG were hot tech stocks. Microsoft already was old and boring at that point, so didn't count.
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Yes, those rights. If you’re a newcomer, buy where the community aligns with your development and density desires. Otherwise, go elsewhere. Don’t expect the community to change for you because you think your ideas are “better”. This isn’t meant to sound combative, these are just facts.
I’m genuinely curious what you think we should do about getting stuck in local optimums? Allowing buildings to be 2x the height means, lower home prices in general but also the oldest owners have the worst views/property prices in the neighborhood. So optimizing locally, people should not want more homes built. Meanwhile, 2x taller buildings mean, 2x the people can sleep at night and work in the morning boosting the…
Electrification of mobility and transport makes the environmental argument a moot point.
Disclaimer: I live in suburbia.
> The start-up world projects a meritocratic image, but in reality, it is a small, tightknit club where success typically hinges on whom you know. This is...so not true. My co-founder and I had hardly any network in SV. We applied to YC through the website, raised seed money after demo day. We ran on seed + revenue up to about 60 employees and we recently did a series A. If you don’t have a network, don’t be dissuade…
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I think this has become outdated. From my experience FAANGs are largely filled with people who are risk-adverse, which is why it makes sense to me that the next gen of startups will come from alumni of successful unicorns given the risk-seeking attitude you had to have in the first place to join one of those cos earlier on. I mean how many ex—Amazon founders do you see? Probably not at all in proportion to the number…
>I mean how many ex—Amazon founders do you see? Probably not at all in proportion to the number of alumni relative to all VC funded cos. Is there a reason to single out Amazon specifically? Because I’ve heard of lots of Xoogler founders and exFB founders.
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Because the acronym comes from stock markets, when FAANG were hot tech stocks. Microsoft already was old and boring at that point, so didn't count.
Old maybe, but not boring. Their tech stack is still the best there is.
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What kind of benefit does society get from Airbnb that's so necessary to disrupt the lives of people living in a city and raising rents on folks that can't afford it?
"AirBnb increasing rents" is theory popularized by hotel industry and never been confirmed with hard data. AirBnb allows anyone to profit from demand for lodging, as opposed to few large hotel chains taking all profit. For many AirBnb hosts it's their livelihood. E.g. do you see benefit in anyone being able to start a restaurant or do you think only large restaurant chains should be able to do it? Also AirBnb increas…
You need a TON of permits to open a restaurant and you can not open in your house, it has to be in a commercial space.
Furthermore, you are free to open your own hotel. You just need to do it in a commercial zoned area since you are doing commercial things.
It's interesting to see a credential effect here similar to universities. Which credentials are the most valuable then? Which company as a new grad is most similar to Stanford, MIT?
I think as far as credentials go, it's pretty simple: (market capitalization of the company) * (the level of responsibility given at the company). The smaller the company is, the higher the position has to be to make the credentials stand out. For instance, being a recent graduate at FAANG is probably more or less equal to being a pre-A series startup CTO, if there are no other entries in the CV.
That said, at more senior levels, your model fits more closely. A mid-level Alphabet product manager is likely to have been a founder or C-level exec in a startup or two.
> The start-up world projects a meritocratic image, but in reality, it is a small, tightknit club where success typically hinges on whom you know. This is...so not true. My co-founder and I had hardly any network in SV. We applied to YC through the website, raised seed money after demo day. We ran on seed + revenue up to about 60 employees and we recently did a series A. If you don’t have a network, don’t be dissuade…
> The start-up world projects a meritocratic image, but in reality, it is a small, tightknit club where success typically hinges on whom you know. This is...so not true. My co-founder and I had hardly any network in SV. We applied to YC through the website, raised seed money after demo day. We ran on seed + revenue up to about 60 employees and we recently did a series A. If you don’t have a network, don’t be dissuade…
Some describe tech as a perfect meritocracy, which of course it is not. The overreaction to that is to claim startup success merely comes down to who you know. Of course that's not true either. As far as industries go -- especially industries capable of producing millionaires, billionaires, and world-changing phenomena -- tech is absurdly high on the meritocratic scale.
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Because the acronym comes from stock markets, when FAANG were hot tech stocks. Microsoft already was old and boring at that point, so didn't count.
Old maybe, but not boring. Their tech stack is still the best there is.