141 karma · joined July 21, 2015
Just watched this video. His argument for why Spinlaunch won't work is basically:
1) in the video of their first test chamber (12m diameter) there's some dirt and rust, therefore they don't know anything about vacuums
2) in their first ever test fire of a projectile leaving their 33m chamber, the projectile is wobbling, therefore they don't know anything
3) in a mock up video they made of a future launch system the headquarters is close to the launcher, which might explode if there's a misfire, therefore they don't know anything
4) the founder has an uninspiring resume when you look online
'Add these up and there's no chance they'll succeed. What they've done isn't as impressive as 50+ year old gunships.'
Give me a break. Their rate of progress is exceptional. They've already overcome so many challenges. These are weak arguments. Doesn't mean they'll be successful. But these arguments are weak. Some quick counter-arguments
1-) the 12m test chamber was a demo chamber. they were constantly spinning it up and letting people go inside. doing tours. stress testing new materials and arms. blowing stuff up. if anything the fact that it was so reliable even with the imperfections is a positive
2-) when someone is learning to throw a football there's tons of wobble. spinlaunch needs to figure out a perfect spiral. these videos were from their first couple attempts ever out of a chamber. what they're showing is very hard. this team has shown an ability to innovate and improve. those were images of their first few attempts to "throw the football"
3-) give the team some credit. these videos are designed for the general public. what they built already has an incredible amount of kinetic energy. they stress tested many tethers (past their limits) before going to this scale. when you're picking on things as small as "they're going to kill themselves by sitting right next to the system" you clearly don't have much left to nitpick
4-) jonathan is an absolute genius. just because he has a spartan online bio and unorthodox background doesn't mean he's not an absolute force of nature. thunderf00t is a very smart dude. but i'd bet anything that in a debate -- on basically any topic -- jonathan would absolutely decimate thunderf00t
cheers to the builders
Lambda School is <5 years old. Pretty disingenuous man.
https://www.google.com/amp/s/terrytao.wordpress.com/2016/06/...
Unacceptable to me that it wasn’t referenced as it certainly made the rounds in security circles.
https://www.quora.com/What-is-your-opinion-on-the-UC-Berkele...
In the 60s and 70s UC Berkeley used to let controversial speakers present. The audience would listen patiently. And then take turns asking questions trying to catch the racist / bigot / Nazi / homophobe / whatever in the midst of logical failures. Now we just protest and shut down ideas via claims of political correctness. It’s not nearly as effective.
https://www.ft.com/content/ccd87f9e-9bd9-11de-b214-00144feab...
https://www.bloomberg.com/news/features/2017-04-04/uncoverin...
1. I started my PhD doing quantum information. People in quantum information spend a lot of time thinking about properties of entanglement. Someone below mentioned "a lack of new ideas". There have been quite a few important ideas in AdS/CFT (as a subset of string theory) over the past decade. One of the most exciting is called the Ryu-Takayanagi conjecture and it relates the amount of entanglement in a subsystem to the area of a minimal surface bounding said subregion.
2. Again, as someone who started purely as a QI person, it's shocking how much of the MATH of string theory has entered my research.
3. In my opinion, it's true that string theory hasn't made much progress over the past 20 years or so towards elucidating its potential role as a theory of quantum gravity; but in parallel there are amazing connections being made between string theory and quantum information. Look at the work being done by the "It from Qubit" collaboration for a sampling. This latter point is ~equally related to the recent decoherence of string theory as a subdiscipline. It's more like it tunneled to a state closer to QI.
4. The Firewall paradox is fascinating and it was originated by a bunch of string theorists (Almheiri, Marolf, Polchinski and Sully.)
5. Supersymmetry is in a corner; which is bad for string theory. But string theory is proving to be a powerful lens through which to study quantum entanglement. One step back, one step forward?
Anyways, saying that "string theory is our savior" or anything like that is bad etiquette. But the community is doing interesting things today.
"Just because Witten is a genius does not mean he is infallible. He is wrong, I believe, that string theory will eventually be validated,..."
First, to simplify, instead of talking about an A and B and having 25% ownership after these rounds. Let's assume $10M is invested in the A for 25% ownership ($10M on a $30M pre-money valuation / $40M post-money.) Of course if each of these companies exits at exactly $50M and money just sits there for 10 years then the returns will be garbage. But in reality if you're investing at a post-money of $40M, very few of your companies will exit at $50M.
What actually matters here is what happens with money after exits. If money is returned to investors immediately, then what we want is to solve:
$100M * (1.12)^Y <= .25 * (exit price)
For example, if ONE company goes from $40M post and exits at $562M after 3 years, and then this money is distributed back to investors, then investors receive .25*$562 = $140.5M as a return, which is more than 12% per year for these three years ON THEIR ENTIRE $100M investment. (This assumed no subsequent dilution but you get the idea.)
If money isn't returned directly to investors then it needs to be re-invested. The point is, of course your venture returns will be poor if you just place your cash under a mattress post exits. The math becomes much more favorable for the VCs with realistic time assumptions.
I once took the train from Urumqi to Almaty. After touring around Kazakhstan for a week or so I went to the airport to fly to Baku. When I walked into the airport two police officers told me to follow them. They took me to a small room. They kept asking me “would you like any tea?” And I kept responding “no thanks, I really need to catch my flight.” They asked at least five times and then started using variants like “would you like coffee?” I ignorantly kept replying, “I’m really sorry. I appreciate the offer but I need to catch my flight.” After ten minutes or so they got frustrated and told me that I’m a stupid American and to leave and catch my flight. It clicked after sharing the story w/ some Kazakh folks that they were asking for a bribe. Sometimes ignorance is bliss. Oops.