It's very possible that we never raised enough, or the firms we did raise from operate differently, but we did raise low $xxM and we got all of it at once, and we did in fact deposit it right into out SVB account.
I've never heard of the "just in time" funding - and if that's more common than I think I'm also very surprised that we don't hear more of the "fund committed $100M, but the business went south and they declined to fund it fully" sort of stories.
I don't which other states may do this, but in Cali Labor Code Section 558.1 - company managers and owners are personally liable for missed wages. It is a codified approach to piercing the corporate veil. I learned this well when we had a single digit bank account and were waiting on funding to get wired in as payroll was coming due.
I just picked this back up last week for similar reasons. I have so much going on in my life right now that I wanted something to read where I already know the story well and can allow parts of my brain to "defrag" while still enjoying a book.
That's a super interesting concept. I will look into it; book ordered! From a quick think through - I think that this argument may fall flat on 2 related ideas.
1. Data shows that when seats are more secure like you say (90-10 instead of 50-50), representatives often go towards the extremes of the political spectrum (on both sides). this leads to issue 2...
2. Voters are generally not strictly partisan - that is to say (purely as an example), while I may have right leaning thoughts on how to run the economy, I may have left leaning thoughts on social issues. If I'm in a district with someone that is far right or far left, a portion of the time they're always going to vote against my wishes. Am I better off in general? Hard to tell without getting more in depth on my preferences.
You may have missed point three, where I literally say that. Also, they are not mutually exclusive, in fact they are quite causal. Also, there is more to gerrymandering that packing a voting block together; you can split voting blocks up do more sophisticated things to ensure your goals are met (the primary objectives generally being "get re-elected"). My email is in the comment and my profile, happy to chat more.
There are a ton of important issues, but, I believe that gerrymandering is a core issue in the United States because :
Partisan gerrymandering allows for politicians to secure their seats - this leads to less voters being represented (allowing the politicians to become more polarized)
e.g. when races are tight, politicians tend to move towards the center. [2]
Partisan gerrymandering is strongly disliked by both parties and across the political spectrum, the only people fighting for it are those currently in power (on both sides) [3]
Partisan gerrymandering disenfranchises a large portion of voters, whose votes end up “not counting” b/c of how district lines are drawn[4]
Because of this, I'm currently fundraising (from friends and family) for the legal team in the North Carolina case [1]. I've committed significant amount personally to the fundraise and can say that this is arguably one of the highest leverage ways to spent dollars that you can get to get America back on track as a representative democracy.
I've done a lot of research on this - if you want to help (with $$) or just want to learn more, feel free to reach out (valgui [at] gmail.com)
Also interesting to see how the company ended up. Keep in mind it was started in '99
from the wiki[1]:
By January 2003...all of the founders other than Tolia had left
and eventually
In January 2005 the four cofounders who had left and other Epinions employee-stockholders filed a lawsuit against Tolia and the two VC firms that provided seed funding.
Lots of context missing around these quotes (read the wiki), but there was a lot of conflict (as mentioned in the posted article) between these "bulldogs and execution machines"
This is super interesting - is there any information if they're doing this for other Falcon 9s? Or are all of the new 9s built like this now? Was this a contingency plan if the heavy wasn't launched on time or a scramble to get it done?
It may be a bit on the high end, but not by much. A quick way to sanity check is to use KBB. I just did this; kbb a 2013 Honda Accord EX with 40,000 miles. Dealership CPO suggested price: $20,388. Now do the opposite, trade in a 2013 Honda Accord Ex with 40,000 miles. KBB suggested Trade-In: 14,200. The spread? Over $6k. That doesn't mean that's what the dealership makes of course, but it is a heck of a mark-up.
I might be biases (OP) but I would argue that this is a thin article; I tried to be balanced in providing the benefits and the drawbacks of buying at a dealer. I also made sure to provide sources where I could to keep the data accurate.
In my experience, NEW will never (or almost never) come out cheaper than used, there is too much depreciation in the first 2 years. CPOs are generally good values if you negotiate for it. Best value is a 2-4 year car with moderate miles in a model that has high reliability scores, private party of course.
Like was brought up, part of it has to do with the averaging. If I remember correctly, base for a sales person was 30k-45k annually, and the rest was commission. The average sales person sells 10 cars a month, average commission was... I can't remember. But, you had 1 or 2 ppl in the dealership that had been there forever and/or were responsible for all the internet leads and sold 20+ cars a month. They were clearing 120k easily to bring up those averages. Maybe median would be a better # to look at here.
Floorplanning a car is still ownership, the only thing is that you're doing short term financing at very low interest rates. But once that financing is up, you still have to account for the $$ of the car. IF you don't sell it, you'll likely take it back to auction and sell it there (usually for a loss), so inventory risk is still present. Franchise dealers have floorplanning for sure, independents not so much. Plus, for USED cars, you usually don't floorplan those (from what I remember). There used to be a saying, if you want to find a Franchsie Dealer that was on it's death bed, look for the one that is floorplanning it's used inventory.
For accuracy's sake, he must live in the Tenderloin then, maybe at the NEMA apts. Twitter and Square are both in the Tenderloin, the Mission isn't really walking distance to that area (right on Market).
edit: Alternatively, he could live in the mission and then walk between the 2 offices during the day, they're right next to each other.
I've never heard of the "just in time" funding - and if that's more common than I think I'm also very surprised that we don't hear more of the "fund committed $100M, but the business went south and they declined to fund it fully" sort of stories.