I hate airbnbs because they either charge $20 to send someone to pick your garbage or you have to haul garbage publicly and find a place to dump it. I understand it costs money but just build it into your daily rate and don't nickel and dime me for every silly request- additional towels- $5/pop, Early checkin- $50, late checkout- $100. As if all the flights in the world now fly you into and out of city between 11am and 4pm.
I can guess (however unlikely it may be) how Uber might some day make money through its monopoly power or use of autonomous cars and justify its valuation. I just can't imagine how WeWork could continue growing and turn a profit if it can't do it in this booming economy. The freelancers and small businesses that use it are likely the first to end their memberships and work from home or coffee shops.
if for no reason than to see the error of their ways. Large MNCs don't think twice about the havoc they create in individual's lives when they lay them off.
wow- I didn't even have the patience to read through all of them. How does YC coach so many? At 15 min a startup, they can cursory mentor 32 startups/day or 160/wk if they do nothing else. That doesn't seem like coaching. More like a certificate school.
Sure- and if they report which employees attend meetings and who spend more time at the water cooler, their rent and valuation will go up. That is some serious stretching of possible ways to make money
Fortunately I live wo either of these im tools. I know I'd go crazy trying to live an 'always on' life.
I doubt the numbers MS throws around though to show how they are succeeding. If they are bundling Teams with Windows or Office of giving it away for free with Office 365 or Outlook, they could claim every single Windows laptop and PC as an active user and soon be at 1B users. Technically correct but oh so wrong!
If a restaurant is within 10 min of me, I just drive to it myself. If its 15+ min one way, I'll use DoorDash, but I don't get why the driver would drive 30 min for $5 including the use of their car and gas.
So almost $4B of their losses were were from stock costs to employees. All hell might break loose if the drivers ever found out how much Uber employees made/make!
Dice is one of the oldest tech focused job boards. 99% of the jobs posted there are for tech contractors (business analysts, it admin, software developers) posted by staffing agencies or Indian outsourcers like Tata who need to hire contractors. Pay for these jobs are between $25-$100 hr.
For god's sake- please speed it up. I have a kid playing AAA little league and most games go over the 2 hour limit with just 4 innings played. Soccer, Basketball, Flag Football are all 1 hour games tops and involve a lot more running, action. Baseball has 1 poor kid pitcher trying real hard to get the ball in the strike zone and most often missing, walking the batter and repeat...while all the other players (batting team and fielding team) are just watching idly and praying- 'for god's sake just throw the damn ball straight, so we can move on!'
This is the crux of the problem. Sometime ago- the wise people in power decided to push the responsibility of medical coverage onto employers. Funny they chose that instead of housing or food- but thats what it is. Now everyone has to find a job that has health benefits- but employers are finding ways around it
I don't understand startup valuations well, so would appreciate someone more knowledgeable throwing some light on how these valuations are made. Would I be in the ballpark in assuming that they have a Sales ARR of $125M. At a sales multiple of 8x (for SaaS cos) makes them worth $1B.
The $125M is around 12 large customers with contracts of $10M each, which buys them services of 2500 labeling contractors for 2000 hrs/year at $2/hr ($4K/yr).
At some point they will stop being a services company which carry a low multiple and switch to automated labeling without contractors (ala self driving cars) or develop some unique IP that they sell as a service?
I think most of the comments here are incredibly short sighted. I see this as a huge development. Nobody cares about fuel consumption when inventing a new mode of transportation that says goodbye to roads, airports, boats. This is just insane and could change the world.
Maybe they can just convert a bunch of their contractors to fulltime and create new customers for their Pixel phones, Chrome laptops- like Ford did 100 years ago.
Microsoft just needs to get their head out of their ass! With the amount of money they have spent- and what they have to show for it- they should should just can the entire Bing team (or whatever they call their search engine team today). Not only have they not sucked- if they just folded - they'd let the monopoly argument against Google ride somewhat.
Most Americans may not realize it, but Iacocca was a hero to many international younger generation kids -especially engineers, mainly because his book Iacocca was the first inside glimpse of a top american car company with a story of a hero operator vs owner. The book can still be found on the streets of any developing country. RIP!
I don't understand why no one that Satoshi collaborated with can ask him about stuff that only Satoshi would know. Isn't that the simplest way for both sides to prove it?
Now why can't we find honest reviews like this for most software. Why do customers have to endure this in this age of Gartner magic quadrant/G2 and similarly fawning and often paid for marketing mumbo jumbo.
Most large tech companies- think FB, Apple, Microsoft, Cisco are similar. Amazon surprisingly has a low ratio of contractors (they say under 10%)- probably because their fulltime benefits are so cheap it doesn't make a difference or maybe they don't count warehouse workers in that ratio.
I agree it would be silly to expect companies to do everything themselves, but the example was of contractors (recruiter in this case) doing similar work to and under the direction and control of a full-time employee, at the Google facility, for a long time (1 year). This is where labor laws come into play and why companies restrict temps from working long term. Just putting a contractor on a 3rd party's W2 doesn't mean you're free to do as you wish.
Now, if they took the entire recruiting work for that team and gave it to the outsourcing agency who did the job from their Florida office, it wouldn't be a problem. They could also do what Apple does and host all the contractors in a separate building with no contact with Apple employees https://www.bloomberg.com/news/features/2019-02-11/apple-bla... but the optics of that isn't great either.