179 karma · joined September 4, 2014
http://avc.com/2015/10/negative-gross-margins/
A lot of companies will fail because their investors will lose patience and no longer support subsidized pricing.
I'd say three of his last four posts are more negative than he has been historically. I've also observed an increasing number of articles about properly calculating financials, unit economics, and hiring "killer sales teams." I don't know that it means anything, but there does seem to more of that kind of chatter - and not from the buzzfeed "Bubble!!!!!!" kind of sources that its been pouring from for years.
https://www.youtube.com/watch?t=1&v=Cds9uQMQAnA
and also the governor of the state wrote an oped about how bad Baltimore city is at being a city:
http://www.baltimoresun.com/news/opinion/bs-ed-hogan-baltimo...
I have lived in Baltimore for over 10 years. The roads are in terrible shape, there are only two streets to get across town and they are jammed 12 hours a day. 95 is under heavy construction and the entry points into the city from 95 no longer support the volume of traffic.
The CEO of the Meteor Dev group gave the following presentation recently:
https://www.youtube.com/watch?v=8G2SMVIUNNk
He indirectly touches on some of those probably 25 minutes into the talk.
PS This week's framework is actually Falcor
Machine learning's most brilliant application to date
When I was looking at this awhile ago, these guys had gotten pretty far with the concept. I think they had a blog article detailing why POS companies were a pain to work with and in some cases very expensive (they charge partner companies for access to their "APIs")
A business plan might be a good idea. Who is going to pay for the service, are you going to charge the bars or the consumer or both?
OpenTable is also doing this now for restaurants they have the added advantage of having a dedicated PC with their software in each restaurant already.
Click Bait Headline: "COMPANY WITH NO PROFIT WORTH $1.5 BILLION, THE END IS NIGH!"
The valuations are divorced from the future earnings of most of the companies, but so are real estate prices in many cities around the world. So sure, we're in a "tech bubble" but its all part of a shared economic fantasy so it probably doesn't matter.
I wonder what he did with the other 23.5 hours that day...
Captain Renault: I'm shocked, shocked to find that gambling is going on in here! [a croupier hands Renault a pile of money]
Croupier: Your winnings, sir.
Captain Renault: Oh, thank you very much.