263 karma · joined October 3, 2014
Also support costs typically go down over time; most support effort is spent in onboarding and getting users up and running. Although now that you mention it, Evernote may have huge technical drag because they have bugs outstanding from over six years ago. Indeed, the only time I reached out to support (I couldn't install PC version because it was incorrectly detecting that I already had it installed) they weren't able to assist. $10 lifetime value may be a bit generous.
Agree with the commenter that said the app is worth about $10-15, and should never have been made subscription-based.
I've been fighting this fight for over 17 years now. The landscape has changed a lot - mostly for the better IMHO. In particular, issuers are taking more responsibility for checking the validity of the cards but some of them are hopeless and there is still a way to go.
Criticise me all you like but I still have a blacklist of countries where I will never send physical goods to (unless they direct deposit the money, for one of my sites).
Not sure if it's relevant for "subscription" model businesses but Stripe and a couple of other providers have an option to charge the card immediately or just get authorisation for the amount. The authorisation is only held for seven days, but I have found that this has often been enough for the owner of the card to notice and cancel the authorisation before the charge happens. I haven't checked but this could also solve the "instant feedback" problem for providers that give it as "authorsied" is less conclusive than "charged" for the scammer.
I'm not a power user, I think I just needed something free with a private repository.
This was the bitchy-voice Groupon sales rep phoning me direct when I used a different coupon service in Japan. I asked whether she was talking about the same Groupon of "Great Osechi Ryori Disaster and CEO's Fake Apology of 2011"-fame and it shut her up real quick.
So many things wrong with this company, failure couldn't have happened to a more deserving bunch of people.
It becomes less about the money rather quickly.
The best option for a rising tech company in Australia remains, unfortunately, to purchase outright a flailing listed mining company and invert, a la 1999. This is where the "scammy" feel of listed tech companies comes from.
> ON A MONDAY MORNING seven Chain.com employees sit in a circle on their Aeron chairs plotting the week’s plan of attack for various projects. The shoptalk is a jargon-fest of “open assets,” “confirmation time,” “UI,” “sidechains,” “federated chains” and, of course, “coins.” Khosla Ventures’ Rabois, the company’s lead VC investor, says he backed Chain.com because it had a nucleus of “10X engineers,” which he defines as “engineers who have the output and insight that’s ten times better than a regularly good engineer.” Elite groups like these, he says, are essential to build tools “so more regular engineers can build applications” for blockchain.
In The Industry, how common is investing $4 million in a company before they have even "narrowed their focus to Bitcoin apps," based on the unproven potential of the founders? What am I missing?
Regarding just replacing IBchat with another chat program, Reuters Messenger has been on most trader stations for over a decade now but has failed to gain traction.
The reason Twenty20 was incremental was because it took an entrepreneur like Packer, with connections and money, to prove that cricket could even be changed in the first place.
Cricket has experienced no other disruption prior or since.
I remained in the corporate world for about five years after making the decision mentally to quit until I had confidence that both the technology and my own skill had reached a point where I could have a good shot at hustling a living with my wife as "co-founder." The article somewhat vindicates my decision.
Agree Ribbonfam peaked with the Gervais Principle essay. Agree with some of the criticisms here. Will add my own: the first three essays are somewhat accessible but after that the author is talking to the echo chamber which is his regular blog audience.
The dictionary sounds like bullshit. North Korean and South Korean are completely different dialects, with different orthography and spelling. Bigger differences than different spellings in English. I can't see a dictionary like that being of any use to his family.
There is no way sources can ever be checked, and that means anywhere from 0 to 100% of the article could be fabricated.
(edit: an analogy to better describe the dubious usefulness of the dictionary, it would be like a native Greek using a French-English dictionary to learn English)
Am I the only one that sees this as possibly the greatest potential "turnaround" story ever created?
To defend REITs, yes REITs lost money in 2008 but but you could also buy property cheaper in 2008/2009.
If you're going to cherry pick data then take the case where property prices double in 2016. You would expect REITs to double too (not taking into account the rent that you'd be receiving in the mean time), and you'd still be able to buy your property in five years time.
The same can't be said for uncorrelated assets like bonds/CDs/etc. They suck in highly-inflationary environments.
Also thanks for assuming I was talking about leveraged products. I wasn't.
I'd be tempted to put it into REITs. The main thing you want to avoid is having your investment move in the opposite direction to house prices. If the REIT goes down then it's likely that the house you were going to buy has also gone down in price.