News for hackers. Stuff that matters.
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by abhi3 on Friday September 22, 2017 @02:19PM (#15314463)
Here we have a business that is going after a huge existing market. For some perspective, Slack is valued at > 5 Billion
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by eloff on Friday September 22, 2017 @02:52PM (#15314748)
Here's where the market is being irrational in my opinion. I would bet that in 10 years Flexport dwarfs Slack in revenue and in growth potential.
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by timfrazer on Friday September 22, 2017 @03:22PM (#15314987)
Once Flexport expands outside just the USA this company will just become massive.
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by pbreit on Friday September 22, 2017 @03:06PM (#15314852)
I'd take that bet. Slack is more like Facebook meets LinkedIn.
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by QML on Friday September 22, 2017 @04:26PM (#15315495)
The only aspect of Slack that is like Facebook or LinkedIn is that its an IRC channel that you typically have with co-workers. I wouldn't really consider it a social media website though.
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by erdle on Friday September 22, 2017 @03:19PM (#15314958)
Oh, I will take the other side of this bet.
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by NamTaf on Saturday September 23, 2017 @01:48AM (#15318358)
You want LongBets: http://longbets.org/
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by rtx on Friday September 22, 2017 @03:37PM (#15315091)
I can draw an contract for a 10% fees.
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by KGIII on Friday September 22, 2017 @11:40PM (#15317956)
Someone set up an escrow service. I want in.

As an aside, I have pondered the viability of an escrow service aimed specifically at people who want to wager about topics like these.

I see this at verious forums, someone says Company A will be bankrupt in a year and another one says that won't happen. One of them frequently pipes up to say, "I'll bet you $100 that I'm right!"

Yet, nobody ever takes the chance to capitalize on those potential bets.

Basically, they would set their terms, agree on those terms, upload those terms in a verifiable way as the terms they agreed to, pay their money, and then wait for the time period to end.

At that point, someone at the escrow company will review the wager and the evidence and decide who gets the payout, less the fees associated with it. Not all bets are easy to judge, so writing accurate terms would be important. The service will supply, if needed, impartial judging of the merits. I suppose the company would also need to have the ability to refuse to accept certain bets, perhaps insisting that they make the goals clearly articulated and demonstrable success or failures would be important.

They might even enable it for multiple parties. Each bet would require a deposit of the entire amount due. I suppose people could even go so far as to set odds, if they wanted.

I'm pretty sure this should be a thing.

Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by svieira on Saturday September 23, 2017 @01:12AM (#15318255)
I believe you are looking for http://longbets.org/
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by KGIII on Saturday September 23, 2017 @01:22AM (#15318289)
That's pretty close, though not quite what I was looking for. I'm comfortably retired but maybe I should look into making something along these lines. They don't have to be long, for example.
Re:Freight startup Flexport soars from ‘unsexy’ to $800M val... by michaeloblak on Monday September 25, 2017 @06:50PM (#15334819)
This is where Smart Contract comes in.