Thanks for the response Eric. My point is about the audacity of the idea. Specifically, to open a new financial market place of the magnitude it would take to be viable, one would need - 1. significant experience in the space to understand the nuances, what's working, what's broken, etc. 2. Sizable investments and talent for operations (scale, uptime, compliance, etc.), 3. A well thought through G2M strategy (including derivatives, indices, options, day trading, HFT, etc.), 4. A broker network, 5. A true, unambiguous differentiator that is viable, measurable, enforceable, and timely.
Agreed. Just like everything else, the ideas hold more power based on who they are coming from. Eric is a stellar individual with a trail of success behind him - and I'm not taking anything away from him with this comment, but if I were to go to a set of worthy investors and corporations pitching this idea - I'd be laughed out of the room as naive.
Looking at this video and how hard it is to aim for a skyscraper, you'd think the chances of Amateur pilots hitting the Twin Towers so precisely - twice - would be close to zero!
This is also why people who administer DMT on themselves respond to it in very different ways - primarily due to their mental history and vulnerabilities.
I think it's a fallacy to think that you are smarter if you land a job at a Big N company. I know a few, you I wouldn't qualify as smarter than average on any scale are working at those companies because they happen to get good referrals and got lucky on interview days.
What you call value is really speculations. There is really no association between the value generated by corporations and what the traders think they'll make off trading its stock.
I wouldn't call Bottas an average driver. His temperament and consistency of top performance is commendable. He has played second fiddle to Lewis for a long time, which is a shame. The car does give him an edge but I would bet most teams would hire him in a flash if he decides to shop around.
Considering the amount of anxiety reading about this type of lifestyle induces in me, shows how much of a fear of unknown some of us live in perpetually.
Print media is akin to software released on DVDs - a lot more testing (fact checking), approvals (Editorial decisions) need to happen due to the perceived finality of the medium.
TV on the other hand is like SaaS - continious integration and deployment. Release first and apologize later if needed.
Got it. Thanks for the detailed answer. I formed a company early this year and using - ZenBusiness for incorporation, Gusto for Payroll, Bill.com for invoicing, Radius Bank for online banking, Stripe for payments, Shopify for storefront, etc. You may want to start segmenting reviews for the needs for types or applications, types of businesses, stages of endeavors (eg. early stage vs. growth), etc. One of the areas I see is for helping tech startups evaluate their cloud provider (AWS vs. Azure Vs. GCP Vs. other) options based on the product they are building. Just my 2c. Good luck!
What is your business model? I see the value in what you're doing, but struggling with how you'll make money and scale enough for YC to justify funding you.
Also - It's not the companies competing in the unicorn market, it's the VCs. The reason why there are no competitors to Uber and Lyft, is because the unit economy is completely broken. If you're not backed by billions of VC & banking money to let you lose on every transaction, the market doesn't really exist. It's artificially created on borrowed time, cashed out in IPO, and numbers shenanigans. VC's virtual limitless access to capital is dangerously giving them powers to choose winners and losers and control the markets, economies, and the fate of large workforces in the world.
The economy without credit/margin/leverage is unfathomable at this point and were it be that way for the past millennia, the size of the overall global economy would've been very very tiny fraction of today's, but arguably could've prevented most stress related diseases :).
Agreed. I've done a few real estate transactions using different agents. Bottomline -
1. There is no such thing as building relationship with agents and clients. It's purely a transactional encounter.
2. As you pointed out, the incentives are misaligned between Buyers/Sellers and their agents. Agents just want the deal done asap, add it to their resume, and move on.
3. Most agents are passive aggressive and dislike most of their clients except for the ones who don't have a clue and blindly trust their agents.
4. I really hope RE moves on to a more structured, online marketplace with consumer protection laws as a safetynet.