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WisNorCan

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Convoy discussing tech sale with 2 active bidders

freightwaves.com
1 points·by WisNorCan·3 yıl önce·0 comments

Why is Y Combinator so defensive lately?

techcrunch.com
68 points·by WisNorCan·3 yıl önce·34 comments

FTC Names Three Amazon Executives in Suit over Prime

wsj.com
2 points·by WisNorCan·3 yıl önce·0 comments

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

twitter.com
3 points·by WisNorCan·3 yıl önce·4 comments

Tech Moves: Flexport execs depart

geekwire.com
1 points·by WisNorCan·3 yıl önce·0 comments

comments

WisNorCan
·3 yıl önce·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
·3 yıl önce·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
·3 yıl önce·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
·3 yıl önce·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
·3 yıl önce·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
·3 yıl önce·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
·3 yıl önce·discuss
Steve Jobs hired John Sculley III. And then came back to rebuild the company.
WisNorCan
·3 yıl önce·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
·3 yıl önce·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
·3 yıl önce·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
·4 yıl önce·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
·4 yıl önce·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.