Caltrain is POP.
1,413 karma · joined April 14, 2010
mike.klaas at gmail.com
Caltrain is POP.
(In the end, we launched and were acquired by CNN.)
2. No, but you can use the losses to offset future gains without paying tax (you aren't penalized for an asset depreciating then re-appreciating)
It's not because the app is cool. It's because it eliminates the biggest points of friction of taking a cab (namely, ensuring that one arrives soonish, and payment).
It would be shocking if that didn't increase demand in the margin. Who knows what the magnitude increase is, though (I believe it is significant).
The chief problem is the high level of dynamic typing going, plus the huge amount of globally-changable assumptions (you can add methods to any instance of a class, you can globally change the definition of language built-ins, etc.)
[1] modulo accounting tricks
Happy to answer any questions.
For whom did you work in a previous life, out of curiousity?
Here is our announcement post: http://blog.zite.com/2014/03/05/zite-is-flipping-out/