196 karma · joined May 13, 2021
Otherwise looks interesting! I'll take a look when I'm on desktop.
Edit: I'm on desktop now, it is well done (:
If you're a business with 30 employees all making 150k/yr you have 375k in payroll costs every month. Holding even 1 months payroll in cash puts you above the FDIC limit of 250k. Normal people rarely need more than 250k in cash so the ratio of business to normal people in customer base matters.
To make things worse let's say you're VC funded and you don't have monthly revenue to put towards your payroll. Instead you have X months of payroll/runway in cash in an account being slowly drawn down. Now you might have 1 year of payroll in cash. Nearly all of that is uninsured.
Quick googling shows me that SVB was only 15% insured. Likely because of their focus in startups with large balances vs regular ppl with low balances. For context BOFA is 40% insured and JP morgan is 35%.
https://time.com/6262009/silicon-valley-bank-deposit-insuran... https://www.forbes.com/advisor/banking/bank-of-america-revie...
But I do see your point, short term treasuries probably would make sense for startups right now. With a 4.2% rate on the 1 month treasuries it would make sense to setup a ladder with bonds coming due as you needed them. But in the very recent low interest rate past this probably wasn't worth the hassle for many startups.
User-agent: Amazonbot
Disallow: /
(https://www.statista.com/statistics/1049662/fossil-us-carbon...)
Apple & John Deer are the most famous examples but lots of companies lobby against your right to repair things you own and just as importantly have access to the schematics and parts that you would need to do so.
https://pirg.org/articles/who-doesnt-want-the-right-to-repai...
So why are trials getting more expensive? The crux of the article was triald aren't being done because costs have risen, but why have costs risen? Have they risen faster than drug prices?
Even if Android saw 100% adoption for RCS I'd still want to message my apple people via sms.
Having SMS support as a workaround was huge for signal usability for me. Taking it away burns so much good will.
Being able to interact with my remaining non-signal contacts was huge. Really going to miss it. In contrast they are now adding a feature I do not care about at all.
Not sure I buy the first premise of this argument.
I recommend Robert Miles on YouTube for a few lessons on the challenges of creating friendly/aligned AIs. (And why your hope here is somewhat ludicrous).
"We’re supposed to be adopting an agile development methodology"
Ah yes the classic agile setup 2 week sprints where at the end of each sprint you rotate companies.