ryanSrich

What’s not clear from OpenAI is what they actually store.

Clearly they store information from ChatGPT, but if I hit their chat/completions API with the same exact question do they store that as well?

> VCs and their LPs don't want the write-offs. They're painful.

> But ultimately, I think the write-offs will prove healthy.

Yeah this was happening with or without the SVB collapse. In fact, I really don't see much of a correlation to any of this (between lower valuations and the SVB collapse). But I couldn't read the article as it's behind a paywall and the archive.is version got cut off.

Valuations from late 2020 to early 2022 were so radically insane for later stage startups that we will likely see a mass extinction event in another 12-18 months when they all either run out of money, or shrink by 90%+. Series A and B companies getting 100-200x on revenue is simply unimaginable for me even in the best of times. VCs that invested at these valuations are likely also going to die off as they'll be unlikely to raise future funds. Only time will tell.

Yeah this is a very common sentiment. I feel like most people in the US haven’t actually talked to someone that has experience with socialized healthcare at scale. I had a German professor that was very clear about just how much better healthcare is in the US.

It definitely existed and it was definitely on steam as of last week. Not sure why it’s not there anymore. But it’s a real game.

Huh? LPs don’t put money into a VC fund for 4% returns that they can get on bonds. They do it mostly out of diversification. Usually looking for 10-100x. Why would that change?

SVB as an excuse for any company turmoil is criminal. Literally nothing happened. Everyone got all of their money. If any company uses SVB as an excuse they must be named and ridiculed for lying.

I’ve also seen many TikTok and Instagram accounts printing their own SVB swag to cash in on the run. They did the same with ironic FTX swag (ex: FTX Compliance Department Internship 2022)

> So essentially it was all just panic

How? What was “all just a panic”? The bank run? Of course, that’s what a bank run is. People panicking to not be the last ones out the door.

Do not get this story twisted. SVB wildly mismanaged their risk, and went permabull in 2021/22. This lead to buying shit MBS’ and subsequently being forced to liquidate those securities to stop the bleeding.

Generally agree. I run a startup and we have a few bank accounts. Luckily we were able to pull what we had in SVB (around 35% of cash reserves) on Thursday.

I think a lot of startups are in this situation. They have SVB accounts, but likely don’t have all of their money in there.

One thing to remember, SVB is very founder friendly. Often giving companies favorable lines of credit, giving founders favorable mortgages, etc. They helped us tremendously with our PPP loan, and are also deeply integrated with products like Stripe Atlas.

Roughly 50% of all venture backed startups in the US have an SVB account. So yes, it's much larger than just YC.

> ride out a few weeks waiting to be paid.

Or several months, if not years. If SVB isn't bought by Monday those funds are going to be inaccessible for much longer than people realize.

> If Haraldur intended to bait him, it was a near-flawless execution. I'm sure there are countless labor, disability, and health info privacy lawyers lining up in Halli's DMs.

Considering there were entire articles by news outlets like the BBC just queued up and ready to go. My sense is this was premeditated. Elon is such an easy target.

I have to look into Render again at some point. I do remember when it first came out it had a lot of features missing. Most notably a redis solution.

Doesn’t look to have much security configurability. With Heroku I can pass a SOC 2 certification. This I’m not so sure.

As a hobby dev alternative to Heroku this might be fine. For a serious business I don’t see this as an alternative.

Railway does look impressive. However, as someone in the market for a Heroku alternative - I’d say there really aren’t any Heroku competitors. At least nothing directly comparable. The thing that keeps me (and I’m sure other small business owners) tied to Heroku is just how much they take care of for you. I literally never ever want to think about my infrastructure beyond initial setup. Heroku, to my knowledge, is the only provider that allows me to do this while servicing more than 100,000 users.

Okay let’s play this out.

A few months is 2. For the sake of this hypothetical let’s say it’s 3.

You’re saying that someone can build a product that’s capable of having investor level revenue within a few months? Or not even revenue, but more than 5 companies using it? This one person is not only building a fully functioning software product that’s capable of being useful to companies, but also doing high levels of networking to find those customers and users. They’re doing this all within 3 months? I just don’t see how that’s possible. The fastest moving early stage teams I’ve ever seen have gone to market in no less than 4 months, and that was with multiple people working on the problem.

I think at a minimum you can expect it to take 6 months if you’re going at it alone. Certainly less if you have other co-founders.

> endure a few months of not being employed

What kind of insanely high growth business is going to either generate enough revenue for a Sr. Dev's full yearly salary (or close to it) or lead to investment in just a few months?

Even if you're an insanely well connected person it's going to take more than a few months to put together a pitch deck and a POC for a new business and then raise enough money to pay yourself and a few other people.

Realistically, if you're starting a startup and not currently working, plan on having at least 12 months of expenses saved (not a few months).

Anything produce related is going to fluctuate based on location. This is because most produce is bought within some distance of the store (ex: 100 miles).

Yeah I think having an hourly rate would have been more useful, but I appreciate their reply regardless.

I’ve done DD for a small SaaS acquisition. But from the sell side. It was a decent amount of work providing access, diagrams, answering questions, etc. I would think anywhere from $150-$300/hour depending on the deal size.

Yes. Google laid off several very high level engineers. Engineers that were likely making 7 figures.

What does your company charge for standard B2B SaaS acquisition technical DD?

At least where I live (Portland) it's the availability of narcan. Ask any first responder. They show up, administer narcan, and before they can even get the person's name the person is gone.

> But the primary driver of the size of the homeless population is housing costs

You're flat out wrong here. It's drug addiction, alcoholism, mental illness and in some cases a complete lack of a social safety net. There is free housing, subsidized housing, shared housing, and more available to low/no income people all over California, Oregon and Washington. The majority of the homeless population does not take advantage of these programs because they require addiction therapy. They stay on the streets because drugs can be legally consumed and purchased without consequence. The sooner we listen to the police, fire fighters, and first responders who are on the ground dealing with these issues every single day, the better. Doing yet another study to prove it's housing costs and not the rampant out of control drug problem is worthless.

It’s not that it’s gross. It’s legitimately a threat to the city. Not just rats and other diseases. But large scale fires are a very real problem when people are cooking meth inside of high rise buildings. I have several fire fighter friends that have had multiple calls in a single evening from some of these places that provide free homeless housing. It’s a very real drain and safety threat to the city.

> There are parts of the country where drug use is very high, and yet they don't have as many homeless people per capita as SF.

That’s because drugs are still illegal in those areas. California and Oregon have essentially legalized every drug. If you’re caught on the street smoking meth or fentanyl, it’s more than likely that a police officer walks right past you.

I agree, but you can’t just let a drug addicted person have tax-payer subsidized housing without also requiring that addicted person to attend drug addiction therapy.

I live in Portland, where the overwhelming majority of homeless people deny housing because of this fact. Because they are required to get help.

I absolutely do not think providing more “free” housing is the answer.

> I think if they fixed the homeless problem and converted some of the now unused office buildings to apartments it would go a long way.

There is no “homeless” problem. There’s a drug epidemic problem. Giving homeless people free housing just moves the problem from the sidewalk to a building. A building that will quickly become a slum. The drug problem is what needs to be fixed.

It truly is obscene how anti-children the US is. We paid $13,000 out of pocket WITH healthcare insurance for each our births (since we never get close to hitting the deductible). My wife didn't get a single day of paid maternity leave (either legally through the state, or from her work). Then, once they were ready to go to daycare that's $2,300/month per child.

As a millennial. Here's a neat little hack to spend less. Have kids. That way, all of your discretionary income can go to paying for daycare! /s

There’s something so specifically Microsoft to make such a grotesque and hideous version of literally anything, including AI chat. It’s simply amazing how on brand it is.