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sommohapatra

4 karma · joined May 12, 2020

YC Badge: 0x89fbeaf8a9917456a545db01af7bbe97b7a137b6
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sommohapatra··on We ran a phone check at a Y Combinator event in SF
People that are raving about security and privacy are missing that this was a Y Combinator event. Invite-only, from a population that's been selected for from the general populace.

Obviously that's why this worked - you're not handing your phone to a stranger, you're handing it to someone who affiliation is clearly identifiable and who is one degree of separation from you.

sommohapatra··on Show HN: AI tool to find the purpose of other websites
I like this - no longer do I have to go to a startup's TechCrunch fundraise article to understand what they actually do
sommohapatra··on Ask HN: What's your experience with high-risk investing?
About 60% of my portfolio is in SPY, of the other 40%, it's 25% blue chip crypto, 25% alt crypto, and 50% in LEAPs based on fundamental research. Automated high risk investing is interesting, I was working on something similar last year (algo trading). What do you define as "high risk"?
sommohapatra··on MicroAcquire: Sell Your Startup
Seeing stuff like this and Pipe popping up everywhere in my feed, as well as firms like Polymarket financializing event betting and NFTs financializing art/community membership. Financialization of everything is something that excites me, but curious what the drawbacks of this might be. Financialization is eating the world?
sommohapatra··on I built a business that lets me live on the beach full time
What was the arbitrage? I figure if it doesn't work anymore, no loss in sharing
sommohapatra··on [dead]
Large funds probably have all three prongs set up
sommohapatra··on [dead]
Yes, the backtests account for both
sommohapatra··on Y Combinator backed MMO metaverse game is a blatant scam
I'd argue it's a fine analogy. You can get into Yale undergrad with an SAT of 1250, for example.
sommohapatra··on Show HN: Invest in pre-built algo strategies with a click
Exactly like that. And thank you for the feedback - working on a FAQ right now, with information like how it works, where your money goes, how the backtests are calculated, and how deposits are kept secure/insured. Cheers!