6,817 karma · joined August 22, 2017
1) Signup for an account
2) Create a workbook
3) Click share and put in friend's email
4) They get an invite
5) Now they need to sign up
6) They can edit my doc
I'm not a paying customer (or even a user... I just heard of this), so take this with a grain of salt, but what I'd love to see is a super-friction-less way for me to share a doc and make it editable without others needing accounts. Cut out as many steps as possible above. Doing this can be a great tool for marketing... what's better marketing than easily collaborating on a spreadsheet on a site that my friend is already using and that already looks very similar to tools I'm familiar with?
The thing is that sometimes they have leftovers that they can't really sell to another company and these will often be very cheap. I bought a used Steelcase Leap from one of these places that operated out of a nearby warehouse. A new Leap sells for $1000+. It was in near perfect condition, but it was a different color then the rest of the Leaps that they had, so no one buying in bulk was likely to purchase it. I bought it for about $200. They even steam cleaned it for free before I picked it up.
Sigh. Am I the only one who likes to hold a physical menu and browse it? I never go into a restaurant knowing what I’m gonna get… I like to see how the menu is themed and decide from there. The UI on a physical menu is a vast improvement over any digital menu I’ve seen.
Let’s take a simple example, which is Donald Trump‘s current odds of winning the Republican nomination. Predictit currently has this at $0.92. Realistically I think the odds are higher. Not 100% but higher than $0.92. The problem is that the maximum I can bet is $500, so that’s 543 “shares” that I can buy. And I’ll make $0.08 on each share if he wins, so that’s $43. Then when I withdraw my money I will get a 5% fee, so my initial $500 turns in to $516. Oh, and then I have to wait until primaries, and for it to actually pay out. And there IS a non zero chance trump loses. Very few individuals will care about turning $500 into $515, so this bet makes sense. And since you have a cap on bet size, no institution will care either.
sounds like a rational market to me.
Sure, a better experience would be faultless products, but even the best companies will have occasional mistakes and if you have good customer service, it makes me super happy to buy your products again.
I'm excited to see where things land. What I find interesting is that pricing is either wildly expensive or wildly cheap, depending on your use case. For example, if you want to run GPT-4 to glean insights on every webpage your users visit, a freemium business model is likely completely unviable. On the other hand, if I'm using an LLM to spot issues in a legal contract, I'd happily pay 10x what GPT4 currently charges for something marginally better (It doesn't make much difference if this task costs $4 vs $0.40). I think that the ultimate "winners" in this space will have a range of models at various price points and let you seamlessly shift between them depending on the task (e.g., in a single workflow, I might have some sub-tasks that need a cheap model and some that require an expensive one).
I think with legal docs generally, you have to decide what the stakes are and act accordingly. In general, keep in mind that most lawyers won't take a case unless there's someone with deep pockets to sue. So for that $20k loan you give to a friend, a boilerplate template is fine; if they don't want to pay you back, a lawsuit is gonna cost you more than the loan anyway. You've got a new startup for website monitoring with 20 customers? Worry about growing your userbase, not the remote chance that you get sued and something in the boilerplate docs you used wasn't worded properly (of course, once you raise significant money or have significant revenue, those legal docs become much more important, and also this doesn't apply if you are working on something with significant risk, such as a medical device).
But child custody isn't one of those things. It is high stakes, the chances that your counterparty will sue you are very high, and a bad outcome might be one of the worst things that can happen to you. Personally, the possibility of losing custody of my children would be much more worrying to me than any financial lawsuit.
To put that into perspective, you have a significantly better chance of winning the lottery than dying on a United Airlines flight.
AWS is indisputably a software org, so it's clear that their senior leaders value software engineering. But I think that even Amazon's marketplace sees itself as a software org. From the early days, they always saw software as being a competitive advantage.
Not to say that they don't have valid complaints, but some of this is definitely selection bias. People don't complain about the things that have gotten better. For example, today, it's not rare for a car to last 10 years without serious issues. There are a bunch of car owners who have driven cars to 1 million+ miles and these aren't some specialty car, but rather the run-of-the-mill cars coming off of factory lines.
There's lots of good knives out there at price points that many people can afford. I personally own a Global 3 knife set (chef, paring, utility) that meets 99% of my cutting needs and cost $130. I've had them for 9 years and I expect them to last at least another 10 years. $130 is expensive, but not over a 20-30 year period. Same thing with my pots and pans (all-clad) which I expect to last me another 20-30 years, if not the rest of my life.
My iPhone is 3 years old. It has been dropped more times than I can count, but still looks new. The glass on it is simply better quality than what existed before. No, it won't last a lifetime, but it will last an acceptable amount of time for something that gets as much use as it does.
And with the internet, quality goods are more accessible than ever. With a few clicks, I have buy pens and paper from Japan, cooking-ware from France and Panama hats from Cuenca, even if I live in a small town in the middle of nowhere.
That said, my biggest complaint is with appliances. Good appliances exist (e.g. Miele, Speed Queen), but in general, there's little correlation between price and quality. You can buy an LG fridge for $1500 or for $4500, but they use the same crappy compressor, so the more expensive one won't last any longer (and in fact will probably break sooner because it has more features on it that can break).
One question/comment. As you already know, finding the absolute mathematically, optimal solution is hard, if not impossible in a reasonable amount of time, but people don’t care, they just want good enough. Found with classroom placements is that people can put in all the information, get an answer that is very close to optimal (mathematically), And then take one look at it, and know something is off, because you can’t actually model every aspect of the real world. so what I started doing giving good solutions that are pretty different from each other. Teachers can usually take a look for 30 seconds or less and decide that one of them is better than the other. Do you have the ability to do this on your tool? To randomly shuffle and optimize from there?
[1] https://www.construction-physics.com/p/why-are-nuclear-power...
The trick here is to find a very specific niche to start with. Instead of the goal being “let me get this popular everywhere” your short term goal should be to find how to make it popular among a single existing community. Churches, mosques and synagogues are a good place to start. People in those groups already like to support each other and virtually all of them have one or more internal WhatsApp or Facebook groups where people who start a campaign can advertise to others in their community.
Same reason I wouldn't buy a certified Jordan autograph and then sell the certificate of authenticity.
- Is my cash compensation adequate? A down-round can make stock grants worth almost zero unless there's a huge rebound.
- Are people around me still motivated? I wouldn't want to be surrounded by sad coworkers.
- Are the founders still motivated? Their dreams of riches are probably evaporating. And a company with unmotivated leadership is not gonna be around long.
The issue is large open offices where I'm also privy to all the other distractions from other teams that aren't relevant to me.