EDIT: "secure" talks about this further down the page. He says it's still taught in sort of a token way in the schools, but that he didn't run into any Gaelic in his dealings with the government.
3,960 karma · joined October 23, 2012
EDIT: "secure" talks about this further down the page. He says it's still taught in sort of a token way in the schools, but that he didn't run into any Gaelic in his dealings with the government.
- Actually, I just sat on my keyboard cuz I wanted to fit in :)
Just curious - is Gaelic still required in schools and in some dealings w/ government?
Also, just wondering what "morale" (for lack of a better word) is like now, given all the bailouts, budget crises, and even church scandals. All you hear about Ireland in the US media these days seems to be doom and gloom.
Is there a chance, given the public's hostile reaction to the bank bailouts and economic crisis, that Ireland could tack left and start rolling back its advantageous tax rates?
Thanks in advance.
Also, regarding barriers to entry, Groupon and its competitors felt the need to hire all those sales reps and writers to put together deals. They may have been able to scale more efficiently, but all those hires were certainly a barrier to entry, to say nothing of their exorbitant land grab marketing budgets.
Also, I think the Ponzi scheme rhetoric is way overblown. You could argue that its investors were sold an over-hyped bill of goods, but Groupon's core product was/is sound. If they can scale down their head count a bit, maintain market share with only a maintenance marketing budget, and hopefully expand into local ecommerce, they can still do well. It just might not be a 30 billion dollar business.
Finally, Uber has gone from a near standstill to disrupting a major industry in record time, with almost no experience in the industry. As other commenters have pointed out, one of Uber's chief competitors is now Hailo, a rapidly growing service built by people with tons of industry experience and connections. I don't really see insurmountable barriers to entry here for their competitors, especially given that Uber's detractors would argue that its main competitive advantage has been to simply thumb its nose at what should have been its own barrier to entry: regulation.
I guess I just have trouble seeing how you can effectively grow a startup at half speed. PG recently wrote a very persuasive article on growth being pretty much the only metric that matters for a startup: http://www.paulgraham.com/growth.html, and the accepted model seems to be break-neck growth at all cost.
Granted the minefield-like political/regulatory environment may make this a special circumstance, and I definitely understand and respect your reasoning, but I still have trouble seeing "slow and steady" as Uber's path to victory.
If you go to the NYT home page and scroll down to the Technology section below the fold, you should see the link/headline I used.
When I click through to the story, I still see the headline I used and I can't seem to find the one you are referring to, so maybe it customizes the headline based on which link you clicked?
Regarding the land grab, I really disagree. They already have a handful of domestic competitors cropping up, and I wasn't even aware of that Hailo company that objclxt mentions above, which sounds pretty formidable.
If they sit around doing a bunch of navel gazing on the nature of the political process and civil discourse, they are toast.
I agree with most of what you said, except for this. They are in the land grab phase. If they don't continue to expand aggressively, someone will eat their lunch, ala Groupon.
My advice is for them to take some serious funding, and start cutting checks to lobbyists, PR, and god forbid, politicians. Play the game.
I feel horrible saying it, given that it helps feed the machine, but it's their only option to build a truly disruptive business in an area that needs disrupting mainly because of regulation and bureaucracy.
Google and Microsoft both learned this lesson too late, and it's hurt them both dearly.
$28 dollars shy of an all-or-nothing $50,000 in free (relatively) seed money, and they let it slip through their fingers? Call your Grandmother and get her to kick in.
To me, it's clear that the quality of the average YC company has gone up.
But yes, I would say that the development of the vast majority of inventions worth protecting would necessitate more than some scribbling on a bar napkin.
If the process begins with some vague "inspiration" about where an invention may lie, and then promptly ends with a call to your lawyer - no feasibility testing, no fleshing out of the concept, no iteration of thought, I would say that the patent system is fundamentally broken.
Like all patent trolls, they basically identify where a valuable invention is likely to occur sometime in the future, have lawyers draw up a sufficiently vague patent application, and spray and pray - and then prey.
There is zero follow up - no prototyping, no CAD files, no R&D, no clinical trials, no betas, no execution - it goes from nebulous "idea" straight to the legal department. If Myhrvold is an inventor, then Arthur C. Clarke's estate should get royalties on every satellite in orbit, and Gene Roddenberry's should get a piece of every iPhone sold.
Wait, I take that back - Myhrvold is an inventor after all. He's the Henry Ford of patent trolling - a pioneer in its mass production.
I certainly hope that if I had been alive back then I would have had the front page of the paper the day after the moon landing similarly etched into my brain.
Here's to wasted youth!
Furthermore, the vast majority of its users are still freeloaders. I think a sizeable percentage would convert to paying customers if Spotify started to throttle back the free accounts or play more ads. Its an incredible service at a great value, especially when you cough up a tiny bit of money to get rid of the ads.
Also, is this the new launch-to-acquisition record for YC?