jy1

Sometimes its team specific. E.g. Recruiting team if you plan on a hiring freeze for 12 months etc.

You can report everything to the taxman. Wash trading in this context isnt to do with taxes. Its about how you hard it is to verify claimed sale prices since you can transact with yourself.

You can see in the receipt how it says "high demand" next to technology fee :). I don't have an article, but I used to work for a major rideshare co, hence the industry knowledge.

The cost charged wasn't for the technology.

Taxis and cabs are regulated with fixed time/mileage rates. Uber isn't. It can charged dynamic pricing. The work around for Taxi apps is to shift this dynamic price into the "technology fee", as a workaround.

The user isn't paying $15 for algorithm. It's paying $15 because the ride was ordered during a high-demand time, and the app is hiding that as a dynamically priced "technology fee" to workaround regulations of fixed time/mileage rates.

Also consider that YC at the start had few companies per batch. Also a tonne of large acquisitions.

That link is wrong. It's closer to $20b. https://www.bloomberg.com/news/articles/2021-05-11/ginkgo-sa...

Another way to think about this is: Traditional IPO underwrites are fairly risk adverse. They will value "high risk" companies in certain ways. E.g. How would you value a self driving company with 0 revenue? For bankers? pretty conservatively.

However the "market" has people that can and will value these companies more than IPO underwriters. Spac sponsors are essentially glorified "venture" style investments, that also happen to take the company public (and take a fairly large cut in return).

An alternative might be to have a "direct listing" without underwriters, however companies are unable to raise funds in a direct listing.

It's not "hard tech" per se. Rather it's companies that are (essentially) pre-revenue and/or pre-product.

E.g. Ginko did $100m in rev in 2021 and is at a 20B market cap.

Why would a company do this? Simple: Money. Spac sponsors "guarantee" a ~20B market cap. Investment bankers in a regular IPO might offer $4-5B (still 50x sales).

So what's the difference? Spac sponsors are willing to take "venture" style risk, and traditional IPO underwriters are not.

The SPAC sponsors burden the risk, not the bankers.

Regular bankers dont want to IPO hard tech companies. SPACs are great for hard tech with future revenues.

Hi Peter, for visas for YC Founders. Have you heard about passright? or do you recommend working with a lawyer directly? Interested in O1 or IEPP. (but open to other options)

My experience on the credentials: You need a trusted 3rd party to certify that your degree is equivalent.

Your lawyer should be able to find the right certifier. e.g. https://www.naces.org

I'm a current YC founder. Looking to apply for either the O1 or IEPP. Is there even a rough sense of the timeline for IEPP? Can I apply for both while on the visa waiver?

Keep in mind "traditional" car rentals are one of the most hated places to be. Not much better.

Having 20 minutes downtime is very common. Plenty of time to charge.

I think Waymo is valued 4x Chrysler right now. More likely Waymo acquires a car company.

Lyft was already public for them.

Gold price dictates how many shovels are being sold.

Similarly BTC prices dictates gross volumes.

Not true - you can get logged out for inactivity, but you will never get banned or "fired"

To clarify,

"Rating" is generally accepted as the "star rating" or some other statistics that users will see. Yes your "acceptance rate" will be affected, but this is a vanity metric that is secret to the driver => It is irrelevant.

There is no mention of deplatforming in any of these articles.

Did you even read these? Give me a single line that supports your assertion here.

Gig platforms neither decrease your rating / deplatform you if you decline work.

When you get paid $200k/yr right out of college, who's complaining?

This isn't about a 30% take rate on IAP (that's fine). This isn't about apple having apple music.

The problem is that Spotify is not allowed to take credit card input directly in the app. The problem is that Spotify isn't allowed to redirect users to a webpage to collect payment.

Average order is closer to $20.

Uber then takes up to 30% cut on the food cost.

Don't they split the prize if there are multiple winners? How can they ensure +EV?

They could spend money to buy every combination but split the jackpot with multiple winners? Am I missing something?

Eats is the biggest success for uber besides ridesharing. It's got huge potential.

Yeah, that's the point!

Compared to where? I will give you a very different answer if you are comparing to Austin vs Bangkok