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sks

157 karma · joined July 15, 2010

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sks··on Facebook closes at $38.23 first day NASDAQ trading, above IPO price $38.00
Well the price did come very close to $38 several times (twice before 12:00 and then during the flat part at 3:34 that you mentioned) but the price never crossed below $38. This does show a lot of resistance/support at $38
sks··on Shouldn't Robots Be Doing My Taxes By Now?
CA already does this with the ready return. All the information is already filled in with an option to change some information if something is missing.
sks··on Let's ride this bull
If you want to build a sustainable business you should keep up the discipline of living within your means and grow slowly through the bubble.

If you want to make money rite now (and lots of it) ride with the bubble. The answer depends on what your objectives were when you started your business.

sks··on Let's ride this bull
I agree with both of you that there will always be bubbles but recently bubbles have moved from one industry to another. e.g., savings and loans -> tech -> housing etc. I am just arguing that maybe the tech bubble on 2010s wont be as bad as the 1990s given the memory about recent history of this sector and the big bubble of 2010s may come from a different sector.

I have to agree it seems that many signals are pointing towards a big tech bubble, though personally I will wait to see the tech IPOs following the hype of Facebook IPO to call a definite big bubble.

sks··on Let's ride this bull
Well I agree that there are many signals pointing towards a bubble (as david points out in his post). I don't think it will be as bad as the late 90s. Memories of the last tech bubble and the recent recession will hopefully dampen the rise and the subsequent fall this time.
sks··on Why startups shouldn’t just be for the young
Yes, you are correct but you dont want to persevere to solve problems that are not important. From what I understand japhyr is saying that experience helps you choose these important problems from a set of all possible problems you can solve.
sks··on Google Begins Testing Its Augmented Reality Glasses
You are correct that "The CEO's job is to allocate resources to initiatives that will make the company money" and with driverless cars and google glasses the CEO is doing exactly that.

Also people working on these projects are scientists at googleX they are completely different from the Android team ... Google has enough resources (people and money) to pursue these long term research project without hurting their short term business too much.

sks··on Writing and Speaking
I work in an academic setting and most of us use writing to convey our ideas and use the speaking opportunity to advertise the things we have written about. So a good academic speech needs to have low idea density to serve its purpose. It should only present the core ideas to get the audience interested in reading what you have written. I am sure if pg starts to see his speeches performing a different function than the writings he will enjoy the speaking assignments more.
sks··on Kevin Rose Will Join Google
Well I guess one way to promote google+ is to hire every celebrity in the world and force them to abandon twitter and facebook.
sks··on Working at a Startup vs. a Big Company
Your point #5 about transparency may not be true all the time. Strict policies force consistency and some level of transparency at big companies while the ad-hoc nature of start ups makes it really easy to hide information. In a badly run startup it doesn't take long for founders/leaders to mislead the engineers with false information.

At a startup my friend worked, he was one of the best engineer on the team and thus the founders wanted him to take on more work in return for a bigger bonus. In the end they did not make enough money to pay the promised bonus .. turned out the founders knew this all along but still kept mentioning the said bonus.

sks··on Woz on Creativity: Work Alone
Creativity and success are two different things. Without a team Woz would not have been as successful as he is today but he would still have been an insanely creative mid-level manager at HP.
sks··on Udacity goes live
The version used by Sebastian targets a wider audience who are not familiar with the pythonic idioms and have just skimmed a bit of python to do the course. Using a loop over array index is the way many students iterate over an array. This should not reflect on Sebastian's coding ability.
sks··on Discovery of the Higgs Boson rumoured to be at 3.5 sigma.
Different fields have different acceptable levels of significance. Social science and engineering fields generally except significance at 95% or 99% levels , physics has higher standards.
sks··on Groupon falls below $20/share
Yes, without efficient shorting market will not converge to a fair price. I guess we will find out the fair valuation of groupon in the next few days.
sks··on Italian seismologists to be tried for manslaughter
As someone working in the field of earthquake engineering this is very scary for me. Earthquakes are caused due to buildup of stress between two giant pieces of rocks trying to slide past each other. A swarm of small earthquakes can sometime release the stress thus lowering the probability of a big earthquake, so the scientists were not entirely wrong in their statements.

Also earthquake predictions are discouraged since false positives can have huge adverse economic impact (people and businesses fleeing the region) the best way to prepare for an earthquake for a community is to build good safe earthquake resistant houses rather than blaming scientists for not predicting some inherently random phenomenon.

sks··on Scoble: Sequoia's investment in Color is a "Super Bowl ad for VCs."
Coca cola doesn't need a superbowl ad too but they still do it.

Though I share your skepticism in accepting this argument. Since Sequoia is already on the list of most startups looking for VC funding this kind of advertisement can only attract many worthless startups just to try their luck, making the process of identifying the next big thing even harder.

sks··on Morgan Stanley’s Deep Secret Now Is Revealed
I remember a stock trading company found Microsoft's quarterly earnings report on their website hours before they were supposed to be made "public" and made a neat profit.

source : http://www.bloomberg.com/news/2011-01-28/microsoft-earnings-...

sks··on Sequoia gives photo-sharing startup more money than they gave Google
I think the VCs realize that this is the start of a bubble and soon wall street will bring loads of public money through fancy investment instruments to the game.

It is always wise to invest at the start of the bubble and withdraw your money before the euphoria peaks. Maybe they are hoping to create a bubble with these ridiculous deals.

sks··on Sequoia gives photo-sharing startup more money than they gave Google
This is the deal which firmly cements my belief that there is a big big bubble.

Anyone with the technical skills and idea to launch a tech startup should collect the cash now. Act fast, at this rate the foolish money wont last long.

sks··on Sequoia gives photo-sharing startup more money than they gave Google
I think you have a great point here. Other than documenting an event I cannot see any utility in sharing photographs with people in my immediate vicinity.
sks··on Wondering if you are getting a CR-48? Look for your zipcode here.
Two comming to Stanford ... but I am sure 100s must have applied :(
sks··on List of facilities 'vital to US security' leaked
Unless this leak contains information which could point out that the US is protecting facilities owned by any particular corporation(s) in the name of national security, releasing it is not warranted.
sks··on India's $35 tablet computer
I am a bit skeptical about the advertised price tag of $30. Last time when they released a $30 computing device(in 2009, see http://www.wired.com/gadgetlab/2009/02/indias-10-lapto/ ) it was just a glorified box with 2GB memory. I wonder how they managed to put a touch screen and a functional OS without increasing the cost by even a single dollar.

Anyways this is a big step towards lowering the cost of computing devices.

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