myth_buster

If you are only looking create value __only__ for early investors, then extracting all there is at IPO makes sense. But if you are looking to create value for employees who have given their blood, sweat and tears, it would be helpful to leave some money on the table to generate more demand and signal market confidence.

In the case of $UBER, from reading the axios piece, they seems to have extracted all there is from private market and the demand from public market appears to be even lesser.

> Twitter is my stream of consciousness thoughts, blog (http://hillelwayne.com ) is my heavily edited and revised thoughts

https://twitter.com/hillelogram/status/1119765732127072256

On a tangent, interesting closing remarks from the commissioner on the importance of courage, dreams and science. Targeted towards the present anti-science climate.

Well deserved!

Imagenet challenge and 2012 has been an inflection point but few have slogged through the AI winter and made it through to the other side.

> already targeting a $50M exit makes it less interesting to me [...] with that short term of a mentality.

$50M is short term or long term depends totally on the growth rate and while bootstrapping, that target could be a formidable challenge.

Tangentially I suppose.

> The story is that there was a big old legacy business that comfortably sold a standard package of features for a lucrative price, and then a bunch of tech startups came in and questioned everything; they unbundled the service so customers could get what they wanted rather than what the legacy players wanted to sell. It’s just that the tech companies didn’t do it as competitors, by offering the disruptive unbundled product, but as customers, by demanding it.

> Facebook first got into the data-sniffing business when it acquired Onavo [..] to learn that WhatsApp was sending more than twice as many messages per day as Facebook Messenger [...] and to spot WhatsApp’s meteoric rise and justify paying $19 billion to buy the chat startup

This makes a lot more sense now. At that time the tech sphere was surprised at the price tag which is expected as people outside Fb perhaps didn't have these metrics.

In a gold rush, sell shovels... or... a service to move earth.

As people are sharing resources related to John, the Freakonomics podcast, where John makes an appearance, on investing I found was informative as well.

http://freakonomics.com/podcast/stupidest-money/

Looks like a derivative of this. I feel like I've seen a company using this logo but am spacing out.

https://www.dreamstime.com/stock-images-arrows-logo-designs-...

I found this thread by Alex Parker very informative and fascinating.

https://twitter.com/Alex_Parker/status/1077986070128668674

The best one I've come across yet is Brian Acton being rejected by Facebook [0] ends up creating Whatsapp and in turn selling it to Facebook for $19B. Talk about comebacks.

[0] https://twitter.com/brianacton/status/3109544383?lang=en

I was listening to Lex Fridman's AGI Podcast where Vladimir Vapnik came to talk about Statistical Learning[0] and his take on deep learning as compared to statistics/mathematics was dismissive. To paraphrase from memory, the problems deep learning is solving is not hard enough.

There has been a rift between the statistical community and ML community for a while and I see it similar to the arguments one makes when it comes to sciences vs engineering.

[0] https://lexfridman.com/ai/

Null Object Pattern https://en.wikipedia.org/wiki/Null_object_pattern

_has_ may be incorrect but I do feel the switch is happening [0]. Angular which is the most popular client side JS framework is using Typescript. React is also moving in the same direction with typescript-react-starter and tsx support.

[0] https://2018.stateofjs.com/javascript-flavors/overview/

> When I choose a language for examples in my writing, I think primarily of the reader. I picked Java because I felt the most people would be able to understand the code examples if they were written in Java. That was the case in 1997, but how about in 2017? [...] Such a language needed to be widely popular, among the top half a dozen in language popularity surveys. It really helps to have a C-based syntax, since most programmers would recognize the basic code structure. Given that, two stood out. One was Java, still widely used and easy to understand. But I went for the alternative: __JavaScript__. [...] But the compelling reason for choosing it over Java is that isn't wholly centered on classes. There are top-level functions, and use of first-class functions is common. This makes it much easier to show refactoring out of the context of classes.

This is very interesting choice of language. I wonder whether typescript could have been a candidate as well. Although not as popular as JS, I believe most of JS community has migrated to typescript (due to obvious benefits) and it is more closer to a C-based language.

This I believe is also hammered on in Thinking fast and slow which is an excellent book.

It condenses the major findings on behavioral psychology from 21st century into an accessible paperback.

The only redeemable feature on Yelp that I come to often (from Google Maps) is Open Now, where I can fill in a time and it filters for that time. If its close to closing time, its rare that I want to know what's open right now given I've to drive to that location.

Other than that, I get the same value prop else where.

Think the important thing is model performance and tuning hyper parameters which is missing from this tutorial.

Without that you are just regurgitating some model that does something.

Great job building a product people use!

I was curious that given its an JS/Client side app, do you have any plans of porting it to Electron[0] to make it a cross platform app?

The reason I'm asking is coz editing my photos online makes me a bit nervous. For you the benefit may be that you don't have to test for different browsers and handle the compatibility nightmare.

0: https://electronjs.org/

> I'm willing to bet that when a company wants to hire a two sigma candidate they don't go through all this nonsense

As a commenter mentioned in a different thread, two sigmas get acqui-hired. I remember reading about FB acquisition of Instagram/WhatsApp, there was a requirement that they had some understanding of cs concepts.

> I'm doing a (free) operating system (__just a hobby, won't be big and professional like gnu__) for 386(486) AT clones. [...] and it probably never will support anything other than AT-harddisks, as that's all I have :-(.

__just a hobby, won't be big and professional like X__ probably is how most of the startups get started.

Essentially inflation [0] and weakening currency [1].

[0] https://capitalmind.in/wp-content/uploads/2016/02/Adj-for-In...

[1]https://s.tradingview.com/widgetembed/?frameElementId=tradin...

I wasn't following it closely but it does tickle me that the headline couple of hours earlier was __Tesla stock skyrockets after legendary short seller goes long__ [0].

[0] https://www.marketwatch.com/story/tesla-stock-skyrockets-aft...

  Get hired at any place where good engineering is done

Great advice.

I've been using this for finding videos to watch while eating and its been great.

A lot of talks here do show up in the feed.

Hey it's election season. Time to refresh DB. /s

> Pre-requisites

>You'll need a 6.033-level understanding of the web, SSL, security, public key cryptography, and _Bitcoin_

Interesting.

FWIW, the action from finding 1 reads

> Action 1: We are _shutting down_ Google+ for consumers.

> The idea of circles sounds fantastic on paper but it's simply too much work for the common user.

Google has ML based version of circle where depending on who is on the photo or whom you have added as recipient it suggests additional recipients.

To me that is a better UX.

a. They don't have to explicitly create circles.

b. If you keep adding someone new or remove someone over a period of time, the model would learn that and act accordingly.

c. If user wants to explicitly create a circle, they can probably do it as a group.