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WisNorCan

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Convoy discussing tech sale with 2 active bidders

freightwaves.com
1 points·by WisNorCan·قبل 3 سنوات·0 comments

Why is Y Combinator so defensive lately?

techcrunch.com
68 points·by WisNorCan·قبل 3 سنوات·34 comments

FTC Names Three Amazon Executives in Suit over Prime

wsj.com
2 points·by WisNorCan·قبل 3 سنوات·0 comments

Anyone thinking about working with Ali Partovi or Neo needs to be careful

twitter.com
3 points·by WisNorCan·قبل 3 سنوات·4 comments

Tech Moves: Flexport execs depart

geekwire.com
1 points·by WisNorCan·قبل 3 سنوات·0 comments

comments

WisNorCan
·قبل 3 سنوات·discuss
Agree. We have seen this before.

What if someone reverse engineered Twitter's services and built a separate client and tried to monetize it. What would Twitter do?

What if someone reverse engineered Reddit's services and built a separate client and tried to monetize it. What would Reddit do?

What if someone reverse engineered Instagram's services and built a separate client and tried to monetize it. What would Instagram do?
WisNorCan
·قبل 3 سنوات·discuss
It is interesting to see that employees of Convoy aren't saying bad things about the CEO. But people on the outside who don't know the CEO are saying bad things.

Usually it is the reverse.
WisNorCan
·قبل 3 سنوات·discuss
They got caught in the same thing that happened to Flexport and others in the freight industry.

Price per shipment cratered -> Revenue cratered. (They make a % of each shipment) -> Losses spiked up. (Because they had fixed cost)

Flexport had a burn run rate of $600M a year. Convoy had less burn but also less in the bank.

https://www.theinformation.com/briefings/flexport-revenue-dr...
WisNorCan
·قبل 3 سنوات·discuss
Not clear that slander is in play here. Neo used a framing that made themselves look better and others look worse. YC refuted it. I am assuming YC has the receipts for broader insinuations.
WisNorCan
·قبل 3 سنوات·discuss
To be clear these are not random people inside the respective organizations. These are the CEOs of the organizations.

I trust that they had the judgment to decide that they needed to defend their reputation.
WisNorCan
·قبل 3 سنوات·discuss
As I understand it, the beef is that Neo compared themselves to YC claiming to be a better incubator because they have comparatively more mentors.

YCs contention is that the number of mentors on the website is not the right way to compare. For example, the YC mentors are working full time at YC helping startups while Neo’s mentors have full time jobs elsewhere and only spend a % of their time mentoring startups.

So the contention is that Neo is directly calling out YC and making dishonest comparisons.

There are other things as well about the ethics and behavior of the Neo founder, Ali Partovi, but it is only hinted at. Not explicitly stated with examples backing up any claims.
WisNorCan
·قبل 3 سنوات·discuss
Steve Jobs hired John Sculley III. And then came back to rebuild the company.
WisNorCan
·قبل 3 سنوات·discuss
This is the scariest part of the whole article “during a presentation they said took months to prepare.”

This sounds like what I would expect in the federal government or IBM. Not a fast growing startup changing the world.

I hope Ryan can change this part of the culture or they are dead.
WisNorCan
·قبل 3 سنوات·discuss
Don't trust the company. Trust the business model.

Eventually a company with great intentions will be dragged to do terrible things if it required to serve their business model.

Google will ruin their user experience (e.g. YouTube, Google) and push the boundary on user privacy in the interest of more clicks & higher CPM.
WisNorCan
·قبل 3 سنوات·discuss
Oracle is one of those companies like Microsoft which many in the tech industry wrote off years ago.

Neither one qualified for the illustrious FAANG acronym.

Ideally, when these things happen people would examine their blindspots.
WisNorCan
·قبل 4 سنوات·discuss
“Immigration support: We will set the termination date for March 1, 2023, giving those with visa applications (and a desire to stay in the US) as much time as possible to find a new job”

Every company should do this to help employees on H1B that are laid off.

The standard terms are one of the horrific things about US immigration policy; suddenly uprooting families including kids attending school in the US.
WisNorCan
·قبل 4 سنوات·discuss
The timing is interesting.

The job market has finally softened. Employers have been waiting for a moment to kill off the WFH movement.

Expect other companies to follow suit.
WisNorCan
·قبل 4 سنوات·discuss
Is your take that Microsoft should offer this for free? Or if they are not willing to do it for free, Microsoft should cancel this service and we should wait for Apache or someone else to offer the service?

Or something else ?
WisNorCan
·قبل 4 سنوات·discuss
It depends on what the goal of the exercise is.

There are substantially fewer CEOs relative to SWEs. If your goal is to help the most impoverished, you are better off reallocating salary from SWEs than CEOs.
WisNorCan
·قبل 4 سنوات·discuss
You might be surprised. I suspect people will be quick to identify the problem with CEO pay but not use the same logic to identify the problem with SWE pay.
WisNorCan
·قبل 4 سنوات·discuss
If you feel like your salary is too high compared to Cambodian workers, why don’t you do something about it? For example, donate 50% of it to a charity in Cambodia helping poor people?
WisNorCan
·قبل 4 سنوات·discuss
I find these articles lacking any nuance.

“CEOs pandemic greed grab has sparked outrage among Americans across the political spectrum”

Guess what the wage gap is between a software engineer in the US and the average worker in Cambodia? About 100x. The average salary in Cambodia is about $2000 per year.

Is that wrong? Are engineers too greedy? No. Supply & demand for specific skills drive the rates in each market.

* https://ips-cambodia.com/cambodia-average-salaries-2022/