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j_lev

263 karma · joined October 3, 2014

Bounced around some securities firms/banks for 10 years or so whilst in Japan before heading back to Australia. https://jp.linkedin.com/in/justinlevinetokyo
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j_lev··on Marie Kondo and the Ruthless War on Stuff
Absolutely. The biggest criticism of KonMari from Japanese is "no duh." Even the techniques for things like folding and arranging clothing so you can see everything at a glance are common knowledge among Japanese. Baffling.
j_lev··on Changes to Evernote’s Pricing Plans
Only looking at lifetime value delivered ignores the competition, much of which is free and easy to switch to.

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.

j_lev··on Changes to Evernote’s Pricing Plans
Not something we haven't seen before, culling unprofitable users.

Agree with the commenter that said the app is worth about $10-15, and should never have been made subscription-based.

j_lev··on How Candy Japan got credit card fraud somewhat under control
Thanks for the insights.

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.

j_lev··on The Elephant in the Room: Web design work is drying up
Agree. Lots of money still being thrown at Drupal agencies.
j_lev··on New SourceTree is here
I use SourceTree for a couple of my projects, but thanks for the heads up on Tortoise.

I'm not a power user, I think I just needed something free with a private repository.

j_lev··on Introducing GIF search on Twitter
Ironically the 4chan crowd who create most of the world's shareable GIF content are either banned from Twitter because a feminist got outraged or have left of their own volition.
j_lev··on Email is harder than you think
Geez you frontapp guys send me a lot of unsolicited email. Every time I launch a new site, there you are, annoying me again.
j_lev··on Show HN: I made a site to catalogue 10,000 CC0-licensed stock photos
Hi - for some reason the search bar keeps changing my search terms eg Australia --> Australium
j_lev··on The rise and decline of Wikipedia [pdf]
Wow. I feel like an abuse victim that has just had an intervention. Now that you mention it, I've seen this phenomenon at almost every open source project I've peeked into over the years. I need to sit down for a bit.
j_lev··on Why root for Groupon?
"Are you seriously using that coupon company instead of Groupon?"

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.

j_lev··on Atlassian files for IPO
They answered this recently I think in an AMA. It's to do with legacy and making sure the great thing they've created doesn't die.

It becomes less about the money rather quickly.

j_lev··on Atlassian files for IPO
By virtue of the fact that Atlassian chose not to list in Australia they have sent a message to government. Turnbull appears to be the kind of prime minister who could make Australia more tech-friendly, so fingers crossed.

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.

j_lev··on Bitcoin's Shared Ledger Technology: Money's New Operating System
> By early 2014 the three had $4 million in seed funding and had narrowed their focus to Bitcoin apps. But they found that the software tools they needed to build those apps didn’t exist and pivoted to building the tools themselves.

> 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?

j_lev··on The Bloomberg Terminal, a Wall Street Fixture, Faces Upstarts
Absolutely it's about the status. No-one in the industry wants to be the person saying "Um I don't have Bloomberg Chat. Can you email it to me instead?"

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.

j_lev··on An Explanation of Cricket (2009)
I agree with all points regarding the impact.

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.

j_lev··on An Explanation of Cricket (2009)
incremental improvement
j_lev··on An Explanation of Cricket (2009)
Bill Bryson has a good take on it. Read http://www.wandererscricket.com/Yank_view.html in its entirety for full effect.
j_lev··on An Explanation of Cricket (2009)
Cricket is a great example of where disruption created a larger pie for the incumbent. Kerry Packer popularised the One Day International at a time where the (five day) Tests were on their last legs, which in turn re-ignighted interest in the Tests.

Cricket has experienced no other disruption prior or since.

j_lev··on Stop Looking for a Cofounder
"Finding" a co-founder wasn't a choice for the uncountable husband-wife partnerships over the ages. Sometimes for better or for worse you're stuck with your spouse as your co-founder.

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.

j_lev··on Breaking Smart
TIL "polyannish" [sic] is a word.

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.

j_lev··on How to smuggle $1K into North Korea
North Korea uses loan words, albeit from Russia.
j_lev··on How to smuggle $1K into North Korea
You're not the only one that is bothered by the article. The thing that triggered my radar was that the entire thing read like fiction. If it looks like a duck,...

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)

j_lev··on ‘Sea Slaves’: The human misery that feeds pets and livestock
I'm struggling to take seriously any article from the NYT that is supposed to invoke outrage since I got duped by that recent nail salon article.
j_lev··on The Craigslist Lawsuit
Would a "cannot use for commercial purposes" clause have nipped this one in the bud? I'm still on the fence with this one. I think Craigslist could have played it a lot better but I find it hard to believe no-one here can empathise with the founder.
j_lev··on The Craigslist Lawsuit
Did Wikipedia upload all the entries of Encyclopedia Britannica? I wasn't aware.
j_lev··on Rotterdam to consider trialling plastic roads
Would be interesting to see how potholes look and how they are repaired.
j_lev··on Ellen Pao Is Stepping Down as Reddit’s Chief
Wow.

Am I the only one that sees this as possibly the greatest potential "turnaround" story ever created?

j_lev··on Wealthfront: Silicon Valley Tech at Wall Street Prices
lol I was defending your suggestion!

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.

j_lev··on Wealthfront: Silicon Valley Tech at Wall Street Prices
C'mon srj's suggestion isn't that bad.

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.

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