Curious what others have done.
2,157 karma · joined September 11, 2007
My company, feedback requested / welcome:
www.finsight.com
About Us https://finsight.com/about
lefstathiou at gmail dot com
Curious what others have done.
For Paramount, I'd imagine they have no choice but to do this. It would be naive to think its opponents aren't astro-turfing the other side.
https://www.gov.uk/government/publications/new-definition-of...
Make Europe great again. Bring back creativity. Bring back jobs. Build a talented workforce that stays local instead of migrating to the US. Be independent. Stand tall. Do all of these things and preferrably do them now.
America and China's rise shouldnt be zero sum. It should lift the world. Europe forged the path we all follow. Come back to it.
It turns out we did attribute the right way (in our terms of use) and could prove it with logs of when we added the language and when it was removed after we removed the image, but I am sure they nail people all the time with this strategy. This didnt stop them from sending 20 emails, demand lawyers get on the phone, etc.
There are a couple of similar scams like this out there.
# "Don't make me think" is a seminal work on design thinking for online services. I've yet to come across a book with as much relevance and substance even though it was written for the dot com era.
# "Positioning" by Al Reis is a book I wish I read 15 years ago when I started my company... your product's strategic positioning will greatly inform and shape design decisions (typography, colors, tones, copy, etc)
# "Ogilvy on Advertising" - written by the legend himself, once you read this book, it will change the way you see all ads in any medium
Many people born into or groomed for an elite status (via inherited wealth, rich families, strong support systems, etc) are rationally self preservationists. They were born on third base and know it. Many subconsciously know they do not belong there and cannot live up to the level of performance, intellectualism and hard work that laid the foundation for their current state or that others had to endure. Thus, they need support from the system to preserve their current state.
People who became elite in nature, are far more likely to value meritocracy. They lacked support, didnt know there was a "system" to be leveraged (eg getting unlimited time for an SAT score with a doctors note), had a chip on their shoulder, grinded their way to be top of their class, were the most productive, knocked on more doors, took risks others would consider irrational, etc.
At every level they've had to fight for what they have in a world where the criteria is often opaque. Being genuinely competent, they don't have an innate imposter syndrome, and thus, they value a system that has a clear and objective criteria for them and others, because they are confident they will operate fine within it.
EDIT 1: to add: With the above in mind, the more useful analysis in my opinion would be to assess the extent to which ethical frameworks and the role of fairness and meritocracy differ between those who were self-made (eg 1st of their generation to go to an IVY or get an MBA) vs not in "elite" positions of wealth or power.
EDIT 2: I'm not suggesting all people born rich don't deserve their success or do not possess these qualities of hard work, etc.
What resonates with me: - Dead simple interface - Zero risk of ads - I like that you can ask follow-up questions
Some ideas - Using this on Web, the cursor should autofocus on the text box - A log / audit trail of questions asked would be fun to review as a parent - One of my biggest concerns about AI is the lack of guardrails preventing them from generating answers rather than using the technology as an amplifier of knowledge. For example, if my son asked "what is 142 + 47?", I would feel better knowing the response explained how he could approach the problem 100 + 80 + 9 = ? rather than answering the question -
Bottom line, I am skeptical. Cities all over have de-criminalized crime, which makes the statistics untrustworthy.
Not an exaggeration, I witness some physical escalation 3 out of 5 days a week between Union Square and Midtown NYC on my daily commute. 10 minutes ago a delivery guy and a pedestrian got into it when the bicyclist ran the red light and went into the cross walk while a swarm of people were walking through it. I've personally been accosted 3x while holding hands and walking my 5-year old son to school in completely "random" acts aggression. Strangely, it's not them trying to rob me, the aim is just to harass.
Now, if we framed it not as an “expropriation of a company” but a “100% tax on billionaires profiting from the work of the creative class” then the numbers would get real very quick.
Customers in the US and Europe hated the usb, especially during COVID. In random places of Africa, where they greatly valued the single perpetual license, it persists. From my perspective, I don’t see anything positive from being an installed application for this use case - he had to hop through so many security hoops that when he rolled out the web solution IT departments breathed a huge sigh of relief and thanked him.
Over a period of about 2 years he converted almost everyone to saas and 4x’d the annual revenue. That also generated enough fcf to hire more developers to ship more features.
Saas is generally the way to go. Installed apps are common in financial services and industrial applications. I can think of a bunch of other niche examples but I personally would never pursue this model. We put bugs into production from time to time and it is nice to be able to instantly roll out updates.
If I had a magic wand, I would reduce concentration of capital in the banking sector. American regulators seem to prefer regulating a fewer # of large banks over many smaller banks, which tend to be harder to control and oversee and are more prone to failure.
Way off topic but I see merit to Glass Steagall act which barred consumer banks from engaging in investment banking activity. The issue is that for it to work, Europe and Asia would need to adopt the same legislation.
I personally don’t have the answer. I’m curious what were the core criteria that drove this decision and how many, if any, are unique to a banks culture of risk mitigation.
The systems, processes, culture and technology necessary to achieve that is breathtaking at their scale. They spend billions on software engineering a year. I interact with their fintech team routinely - dedicated solely to innovation - and I’m told it comprises hundreds of people globally (I’ve only met several dozen). They’ve created so many tools that power so many parts of financial markets I can’t fit descriptions of them into this window of HN. Short of maybe their private placements and equity IPO division, I can’t think of one that doesn’t deal in trillions of dollars in flow monthly (fx and settlements do this daily) which is hundreds of times the scale of the GDP of the nation of Tasmania, per day.