295 karma · joined June 12, 2013
I haven't managed to get it work while my Wordpress blog has been running through Cloudflare.
I agree that valuations are abnormally high (although not higher than those during the dotcom bubble) and that a correction is due soon however, this time really is different in the sense that the damage will be largely contained to those with enough money to throw down on startups (VC/PE funds, institutional investors). For better or worse, tech startups are staying private longer, holding private IPOs and generally staying away from the scrutiny of the public market while at the same time insulating the general public from a crash.
What will largely suck will be the uptick in unemployment not just from failed and failing startups having to lay off employees cause of lack of funding, but the associated kill-off of the entire services-for-startups industry. Did I mention the lack of funding? That'll also suck for newcomers who came at the wrong time.
However, this video was quite the shocker. Not only does the aircraft do a near 360 degree spin, but you could see the bottom of the aircraft as it spins with the tail up and nose down with the right wing up in the air. Amazing only 2 fatalities so far and the aircraft was intact as it was.
The plane (from what I see) after crashing does a near 360-degree turn with the right wing high up – in fact you can see that the plane is almost nose down-tail up which almost makes it look like it was cartwheeling.
Very surprising revelation, I really did not expect an airframe to remain as intact as it did after going through that.
The positive rate of climb to me, indicates that they attempted to climb (go-around) but their low airspeed resulted in a stall.
It's important to remember that this data was pulled off Flightware which is basically aggregated data. and not from an accurate source such as the FDR. So my guess could be totally wrong.