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led76

32 karma · joined April 27, 2012

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led76··on Startups building balloons to hoist tourists
100k feet in altitude may not be quite high enough to get that 'in space' feel. I think you can see the curvature of the earth and the sky above you is dark / blackish.
led76··on GM halts sales of its new Chevy Blazer EV amid reports of software issues
This is exactly my experience. Very happy with my Bolt as well.

I also wouldn’t buy another car without CarPlay

led76··on Desalination can beat batteries for excess energy
I'm not sure it would have much of an adverse impact. Driving the car is constantly charging / discharging it (regen braking).

I think it's more about how deep the cycles go -- just don't let the grid drain below like 30-40% battery and it likely would have no meaningful impact long term.

led76··on Adblocking people and non-adblocking people experience a different web
I have no Adblock on my phone and it’s unbelievable how many ads some sites put up.

Many times I have to hunt for the second half of the article past five or six full image ads and sponsored content.

This feels like a death spiral - the more Adblock the more ads they’ll put up to get seen by a smaller segment of users.

led76··on When correlation is better than causation
I don’t think this post is trying to use correlation to prove causation. It’s in effect saying that when you can’t be sure that there is a causal relationship between two things that you can still make some decisions.

Perfect is the enemy of good as they say.

led76··on The We Company S-1
It's not $42M in options. It's 42M options, possibly valued at $110 each at the IPO. Hence $4B
led76··on The We Company S-1
That's actually not quite how it works: "The options awarded had a per-share exercise price equal to the fair market value of our Class B common stock on the applicable grant date"

Common stock is usually way less expensive than preferred, so while currently the company may be 'valued' at $110 per share, the common stock is probably in the $30s or $40s.

He's likely already up $2B on the stock options (pending vesting), assuming the company does IPO at $47B and all common stock converts at the $110 valuation.

Personally I think this is unheard of -- anyone else know of examples of CEO compensation like this prior to an IPO?

led76··on The We Company S-1
Based on the filing the company awarded 42M stock options to the CEO earlier this year. The filing mentions a share price of $110 per share, so that's over $4B.

That can't be normal, right? That's 10% of the entire company. It's more than Elon Musk got for Tesla by a long shot, and that was already controversial.

led76··on Startup Stock Options – Why a Good Deal Has Gone Bad
It's fulfilling to do that, but all successful startups go through a phase where they become more professional and hire a lot of experienced leaders. The culture the 'old' team worked to create very quickly gets diluted and replaced. Not necessarily for worse, or for bad reasons, but it's a reality that a lot of early employees find challenging.
led76··on Squaring Venture Capital Valuations with Reality
How is the paper getting its data? Maybe I didn't read carefully enough, but don't they need to know the liquidation preferences of the rounds?
led76··on Ask HN: Who is hiring? (January 2017)
WeWork | New York, NY (NYC) | Full Time | ONSITE | https://www.wework.com/careers#digital

WeWork is hiring for full-stack engineers at all levels. We build all member-facing software and the core backoffice systems that run the business.

WeWork provides tens of thousands of members around the world with space, community and services that enable them to do what they love and create their life's work. Our hunger for building great spaces; empowering startups, freelancers, and small businesses; and connecting interesting people is far from being satisfied. We’re just getting started, and our journey gets increasingly exciting as more team members join the movement.

led76··on The definitive guide to forms based website authentication
What do people think of services like https://www.loginprompt.com/? (provides logins as a service for your startup)

Isn't this sort of security something we wish we didn't have to learn? And for people who don't take the time maybe it's best to let a third-party handle it.

led76··on Show HN: login prompt - create user logins for your site in under a minute
Looking for feedback on this idea: we provide login as a service with one line of javascript. We support twitter, fb, email, google, etc.
led76··on Valve: OpenGL is faster than DirectX — even on Windows
Sorry, my point was that they picked a benchmark that was too easy. I suspect if the machine was straining to hit 60fps their results could be vastly different. That's how most games run, so that'd be more interesting to see.
led76··on Valve: OpenGL is faster than DirectX — even on Windows
I'm slightly skeptical of their benchmarks -- the fact they're using 300fps numbers is a red flag. No one runs games at that speed. What's the comparison for a game running at 30 - 60fps? My hunch is that D3D has a tiny fixed per-frame cost that becomes irrelevant when frames take 10x longer to render.