144 karma · joined October 9, 2023
Either everyone here is a low level quantum database 5D graphics pipeline developer with a language from the future that AI hasn't yet learned, or some people are in denial.
If running ChatGPT costs $1B/y and they make $3B/y on it, tacking on the cost of R&D on top doesn't seem very fair.
I expect YC to do due diligence if one of their companies receives several reports that they heard no replies (it's not that many companies). If it's found to be more than hearsay, they lose HN ad privelleges.
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I wouldn't do a startup but I certainly could see myself creating a bunch of fake developer profiles of varying skill levels and sending them to companies en masse. If they don't reply to anything even though they have had a job opening, they get placed on the (public) name & shame list.
Would also be interesting to automatically keep track of which job openings a company has and how long they've been open for.
I think there are a few historical reasons:
- We are only 50 years out of a dictatorship
- We were late to industrialism
- Our main business sectors are bad (tourism, agriculture, textiles)
And a few law/cultural reasons:
- Lots of buroucracy and inefficiency + high taxes means making a business here is impossible (I've sold a company that I incorporated here so I'd know ahah)
- Bad education and lack of incentives for companies to be here means younger talent leaves for greener pastures across EU and the US. We call it "brain drain".
- Because all the young talented people keep leaving, the only remaining people are low-income workers or old people (we're a very old country). Old people keep voting the same corrupt parties into power so nothing ever changes.
- There's a big "crab mentality" about people who are wealthy being evil.
Extra:
The party that played the biggest role in getting rid of our dictatorship was the communist party (that's literally their name, Partido Comunista Português), so in Portugal communism is good, and capitalism is bad.
There's lots of talk about taxing the rich here, but the truth is that there are no rich. We only have ONE billionare. If were to tax 100% of our rich we wouldn't be able to run the government for more than a couple of weeks.
They then announce pensions for majority groups like the elderly and get voted into power by the same groups they are financing.
I've also had a startup related to compliance in the EU and it's mindboggling how poorly these regulations are actually implemented and checked. It also takes months to set up a meeting with the responsible authorities to clear up any doubts, only for them to tell you that they don't really know either.
Excusing entrepreneurship, we also take way longer to get features like the improved voice capabilities of ChatGPT. This is a smaller thing, but AI has had a major impact on my productivity and I'd rather not be 3 months behind American developers on everything.
The market is also not as big as you'd think.
"was unfortunately complicated by the CrowdStrike incident, extreme weather and other unexpected logistical and communications issues"
"extreme weather"
"communications issues"
Are you doing this on purpose? I'm not even a fan of the guy but this type of out-of-context taking just hurts discourse. It's the type of thing I came to HN to avoid.
When the supreme court is the victim, the prosecutor, the law maker, and the law aprover all at once, the only thing you need to do to break the law is not do as they say.