5,502 karma · joined March 3, 2011
Congrats to the Hackpad team and to Dropbox here. Solid deal.
The flipside is, most of the money managed by firms is not handled over Bloomberg nor is Bloomberg the final point of analysis before trades are made. For example one group at my old firm (in fixed income) used a custom built set of tools on top of excel connected directly to their own bare metal sitting on the floors of all the exchanges where they traded contracts. They pulled in their own prices at their own frequency (which was much faster/accurate than available via Bloomberg). Same was true in our group - data came from the exchanges (though with not as custom/frequent a setup), and bloomberg was used as a quick and dirty way to look up historicals/trends, rather than anything live.
More recently I've thought the best attack vector is messaging. There isn't a Bloomberg messaging app on the appstore. Of all the use cases, this is the most irreplaceable - you can probably pay up for all the data flows (banks all pay exchanges directly for higher fidelity data flows than Bloomberg provides) but aggregating that 500k odd userbase of finance professionals? INSANELY HARD. If Bloomberg had an API though . . .
Imagine what the SF housing/policy landscape would look like if these companies double headcount over the next 5 years. What's happening with the buses will pale in comparison (and the worst part is the buses aren't even the issue, they're just visible).
This isn't for charity - the housing shortage isn't particularly pleasant for their employees either, as it makes everything scarcer/more expensive (parking, grocery, other cost of living).
Edit: A couple of references on housing: http://www.sfgate.com/opinion/openforum/article/How-San-Fran...
1. Not saying we're actually in a bubble. Just pointing out that the last time he was around, he was poking fun at 22 year olds going into finance for absurdly high incomes.
1. The citizens of the Bay Area for years have limited new housing development, complaining they could change the "character" of their neighborhoods, for the worse.The limitation is baked into the democratic process at the local level.
2. There arent enough homes to accomodate the job growth and influx of people (both renting and buying)
3. Jobs are growing and workers are moving in, competing with longtime citizens and each other for a limited amount of housing (and groceries, and parking, and public transportation, and city services etc).
So it gets more expensive. We protest buses, but long after the buses are paid for, homes will still be expensive.
Whatever we do, we need more homes.
1. works for iOS/Android/Phonegap
2. syncs with your Zendesk/Desk knowledgebase (if you don't use these, we'll port whatever you use manually)
3. helps reduce your support emails
If you're a mobile dev/team getting a ton of support emails, this will help you cut it, and give you diagnostics on what kind of help your users need.
Hit me with questions (ayo at Hipmob dot com)
Some rationales for subsidizing affordable homes specifically: fewer slums, greater social mobility for low income families (expensive areas also tend to have good schools), more stability for the elderly (who make up an astonishingly large proportion of low income folks as they can often no longer work).
A society where the raw effects of market forces were allowed to act on people would be really unpleasant (I grew up in one and have been to several) - free markets are a fantastic way to generate wealth but a poor way to ensure balanced social outcomes.
"The hard truth is that the Bay Area's housing and transit systems are bursting at the seams. According to the San Francisco Apartment Association, last year the city added 68,000 new jobs and just 120 new housing units. Silicon Valley's rental vacancy rates are even lower than the city's."
That's math that just undeniable.
Correct, they definitely don't.
> In some ways, I don't think Kayak/Expedia/etc. want to show you the full fare either. They want to show you a price you'll pay. Too bad for you if your flight ends up costing considerably more.
Here's where I'm conflicted - I think someone in travel search is eventually going to solve this. As the fees grow in size and complexity it's going to be a significant competitive advantage to someone to price these fees, because doing so would change actual buying decisions at some point.
Femi (the creator) is also super responsive so drop him a line if you have feature requests! (fomojola@ideasynthesis.com)