Earlier quoted context omitted.
Is there any change in the number of tech IPOs specifically?
Define a "tech IPO" for me. I'll wait.
It's "the companies that we like". Simple. /s
Wish S-1
61–70 of 153 posts
Re: Wish S-1
#62I use wish for buying gadgets with dead beat prices, with full awareness that a) it wont last b) its just a cheap hobby.. c) never buy a product which looks sketchy as hell ( ex : a $50 quad cam, full hd , 120 hz display mobile) Some of the products that i bought like a tap faucet filter exceeded my expectations while anything that is electronics had a life span of 2 weeks to 4 months (depending upon usage).. Its a p…
Buying stuff is not a hobby.
Re: Wish S-1
#63Earlier quoted context omitted.
>Thanks to the UPU, Before July it was cheaper to mail a package to Chicago from Shanghai than to shop to Chicago from Dallas. Do you have a source on this? Most claims of this nature that I've seen fall apart on investigation - usually they compare a bulk wholesale rate for slow international shipping to a retail rate for priority domestic shipping to get this result. I'd like to see an apples to apples comparison t…
I know you’re skeptical and I would be too if I hadn’t heard of this before but it’s actually true. Planet money has two really good podcasts about exactly this topic. Here’s a link: https://www.npr.org/2018/08/23/641140144/unraveling-the-myst... https://www.npr.org/sections/money/2018/08/01/634737852/epis...
I've previously critiqued the mighty mug example. It has the exact issue I pointed to above - comparing the US retail rate to an international sorted rate. See https://news.ycombinator.com/item?id=21073682
Re: Wish S-1
#64"Our growth has been highly capital efficient. We have been able to achieve this massive growth and scale by having net cumulative cash flow from operations of $16 million from January 1, 2017 to September 30, 2020, aided by our positive cash float, where we receive an upfront payment from a user, and remit payment to a merchant a number of weeks later. In 2019, we generated a net loss of $129 million and Adjusted EB…
So many of these new S-1s are unprofitable, where does the money all go? I'm beginning to wonder if entire unicorn ecosystem is just a funnel to subsidize ad / infrastructure / payment rail revenues at the leading providers.
There's little reason for a company owners to dilute their holdings with an S-1, if they are already profitable and don't have huge investments planned ahead.
Re: Wish S-1
#65I use wish for buying gadgets with dead beat prices, with full awareness that a) it wont last b) its just a cheap hobby.. c) never buy a product which looks sketchy as hell ( ex : a $50 quad cam, full hd , 120 hz display mobile) Some of the products that i bought like a tap faucet filter exceeded my expectations while anything that is electronics had a life span of 2 weeks to 4 months (depending upon usage).. Its a p…
Buying stuff is not a hobby.
Says who?
Re: Wish S-1
#66I totally get the Wish hate but I don’t think most here realize why it’s so popular.
My family in the Midwest loves wish because they purchase from there knowing the quality isn’t going to be superb. My mom buys random things from them like clothes, jewelry, and random appliances for literally $5. She’s willing to wait three weeks to get her stuff because it’s such a good deal. My dad was able to get a quality DSLR for $50. He doesn’t care if the brand is unknown.
Most people on Hacker News (software engineers) probably wouldn’t need to use an app like Wish. It wouldn’t make sense.
Re: Wish S-1
#67Earlier quoted context omitted.
So many of these new S-1s are unprofitable, where does the money all go? I'm beginning to wonder if entire unicorn ecosystem is just a funnel to subsidize ad / infrastructure / payment rail revenues at the leading providers.
There's little reason for a company owners to dilute their holdings with an S-1, if they are already profitable and don't have huge investments planned ahead.
Woah I had never considered that before. I bet there are tons of private companies out there just absolutely printing profits for a small number of internal shareholders that we just don't really know about.
Re: Wish S-1
#68As expected, the threat of reputational damage from counterfeit goods features pretty heavily in the IPO. Unfortunately, that damage has already been done. At the moment, 8 of the top 10 results for "wish.com" on YouTube are people exposing scams. Not really a good look for the company.
I have bought a few items off of wish, and each time I have been astounded at the crap I got. I mean, it was dirt cheap so I don't know what I was expecting. Honestly surprised that the business is still going, let alone going public.
Re: Wish S-1
#69Earlier quoted context omitted.
Is there any change in the number of tech IPOs specifically?
Define a "tech IPO" for me. I'll wait.
Know this mostly isn't looking for an answer, but I think HN typically means something along the lines of:
"one with a significant development arm of their employees/business that is crucial to the company's success"
So any company run off an app or website that's complex and well made is probably a "tech company" even if it's in the business of cars, e-commerce, or widgets. There's no hard and fast rule here of course, but we don't need to pretend we don't know the gist of what people actually mean, even if "tech company" is a misnomer in many ways.
Re: Wish S-1
#70shit company (too lazy to write)