1,398 karma · joined February 18, 2010
The employment contract guarantees the equity subject to board approval. I'm not quite sure why people are making such a big deal out of this.
Although YC companies seem by definition to already not be included in that group.
https://www.nature.com/articles/d41586-018-00335-8
Maybe the first startup YC should fund is one to mutate the enzyme to avoid immunoreactivity while preserving function...
Here is a Kaplan-Meier curve for statins:
http://www.bmj.com/content/bmj/337/bmj.a2423/F2.large.jpg?wi...
That is a lot of life that these drugs have given a whole lot of people.
AIDS is largely a managed disease now, thanks to therapeutics, starting with AZT.
Steve Jobs thought that he needed better nutrition to manage his disease, and he was wrong. He had a chance of living a much longer life had he let medicine intervene earlier.
(And I had no idea what your gender was until you mentioned it. I'm sorry that you don't feel heard.)
There was just a huge wave of Alzheimer's treatments that people were so hopeful might make any dent in the disease. They all failed, apparently because the breakthrough we thought we had made in understanding the disease turned out to be specious. Had the drugs made ANY improvement they'd be on the market and we'd all be bitching about how pharma "likes to make bandaids rather than cures," and that would have been a disservice to the years of toil people put into these drugs.
Not every pharma actor is a good actor. But overall the space is mostly filled with scientists and doctors trying to make people healthier, and mostly failing.
But the AMT/exercising problem can be severe if you're unlucky.
But the Gates Foundation doesn't run on $10k. You can found zero biotech companies on $10k. Money, alas, has value, believe it or not.
You couldn't start Social Capital on $10M, for example.
Moskovitz (now Asana), D'Angelo (now Quora), Vernal (now Sequoia), Bosworth (still at FB on hardware/Building 8), Cohler (now Benchmark), Hammerbacher (now ?), Chamath (now Social Capital) ... those are some of the standouts off of the top of my head, out of hundreds of early employees.
Email is used as a privilege escalation path to pwn almost every other service we use. And we're finding that 2FA isn't the ultimate answer — OTPs are easy to phish, SMS can be socially engineered around without much difficulty, etc. As the value of digital data keeps going up, the sophistication of hacking groups and governments has gone up as well.
A highly secure browser connecting to an account with limited API access using a physical token is an excellent step. I'll buy it myself if it isn't obscenely expensive.
Professors just don't care about undergrads and teaching to near the degree that you think they do. 95% of their focus is on their research.
The only intervention I saw from administration in regards to grading while at Princeton was to nudge grades down.
Yes, students are arrogant and push for grades quite a bit. But I saw zero evidence of systemic catering to them as a whole or to any specific sub-population. I imagine the Development Office (the folks who would cater to the ultra powerful) may get involved in extreme cases? But it would be a huge to-do among the faculty (tenured faculty at Harvard and most elite institutions are incredibly powerful) and I never heard of it happening.
As an undergrad, I pressed for grade changes twice and was denied, reasonably, both times. As a TA at Princeton I was often pressed for grade changes and all were denied.
What almost certainly happened in this person's case is that the Professors either a) weren't tenured and couldn't bother with student push-back given a sea of work and anxiety (or mistakenly thought student perceptions matter), or b) were tenured and didn't care to deal with student push-back.
And these are point-of-care devices, not DTC devices. There are a lot of POC diagnostics devices out there and very few DTC diagnostic devices.
As an example:
http://resources.uscannenbergmedia.com/2016/08/videotaping-a...
"Remember, even if you’re in public, you cannot record conversations between two people unless you have their permission. This includes conversations that you’re one of the parties to. If one person in the conversation can reasonably expect his or her conversation to be confidential, this standard applies."
If you're having a private conversation in a public park, then it is probably illegal for somebody else to record you.
Driving is a different question. Personally I think since a license plate is literally meant to publicly identify your car, a reasonable person should expect it to be recorded. But my guess is this will go to SCOTUS at some point, since privacy is increasingly being invaded in unanticipated ways by private companies.
And there is, of course, evidence that Khosla is not 100% founder-friendly, as there is data for every other VC and every other founder out there. Every conflict is gray.
But choose as you wish, of course. That's capitalism.
But Uber has grown to impact an incredible number of souls. Gurley et al. have a serious fiduciary duty to exercise here, one not just aligned with their own greed.
Separately, Khosla is not a paragon of founder-friendliness despite his public attestations. No VC is. It is silly to think that 100% alignment can ever exist with an investor — they legally cannot abdicate their voice entirely. At some point Travis needs to recognize that he consciously took risks that diluted his power in exchange for funding. Had he run a profitable business that would not have needed to happen. You can't have your cake and eat it, too.
I would 100% have expected Sequoia to sue me after I took their money if I had done the same.
We are not kings. At some point misalignment with your board is your responsibility. This isn't some Series B spat.
Even if we grant that Uber is a huge overall social good, it is clearly not sustainable at its current pace. Uber's burn rate is the highest in history, and the C-suite is barren. The board clearly felt that TK couldn't get Uber out of this mess. And the board, at the end of the day, only cares about long-term share price.
"By way of summary, this order finds plaintiff Waymo LLC has shown compellingevidence that its former star engineer, Anthony Levandowski, downloaded over 14,000confidential files from Waymo immediately before leaving his employment there. The evidenceshows that, both before and after his departure, Levandowski and defendant Uber Technologies,Inc., planned for Uber to acquire Levandowski’s new companies, defendants Ottomotto LLCand Otto Trucking LLC, and to hire Levandowski as the head of its self-driving car efforts. Moreover, defendants and Levandowski anticipated and took steps to defend against litigationwith Waymo in connection with his move to Uber. Significantly, the evidence indicates that, during the acquisition, Uber likely knew or at least should have known that Levandowski had taken and retained possession of Waymo’s confidential files. Waymo has also sufficientlyshown, for purposes of the instant motion only, that the 14,000-plus purloined files likelycontain at least some trade secrets, and that some provisional relief is warranted while this case progresses toward trial. The scope of relief warranted at this stage, however, is limited byseveral countervailing factors. As nonexhaustive examples, not all of Waymo’s 121 asserted trade secrets actually qualify as such, and few have been traced into the accused technology. Waymo’s patent infringement accusations on this motion also proved meritless. Accordingly,this order grants important but narrowly-tailored provisional relief necessary to equitably balance the parties’ competing needs at this stage. Now follow the details."