chralieboy
That statistic is meant to say that only 340 units were rented out enough to match what could have been made via a lease. So if people are snatching up property to use just for Airbnb, they either aren't doing it a lot or aren't actually making a sound economic decision in all but 340 cases.
People who _want_ to live somewhere have no rights to it. They are by definition not yet part of the community. That's like allowing job applicants vote on company policy. I'm sure they would want to, but communities are defined by those in them.
It's a difficult line to walk. On the one hand, sharing sounds nice. Even as capitalists we are suspicious of efforts to make a profit. And many of the "sharing economy" services are about using things that you personally own and selling use of them to the public.
On the other hand, when AirBnB/Uber/etc try to make an economic argument for their services, it is clearly not around sharing. We're exchanging value (my empty home, parked car, etc.) for value (your dollars, as a proxy for work you have done.)
Except that they just exchanged a stake worth $7.2m and sold it for $3.2m. Founders with large stock options are _more_ incentivized than even investors to maximize valuation in the event of a sale.
I understand that you want to make a bet while minimizing risk, but if you're going to try and guarantee your money back then as a company I'm going to price that in by minimizing the upside.
Without liquidation preferences, you as an investor can negotiate more reasonable valuations (if you're setting a cap of $8m and the company is willing to take a $4m buyout, you've seriously mispriced the company.) That means more potential upside.
It's like saying Amazon can't have a sale because then it would have to lower the price of every item it sells.
In Silicon Valley it would be like a company that is raising record amounts of money at mind-boggling valuations but whose revenue isn't growing at the same pace.
One of the major question marks has been wage growth during the recovery. Stock markets have been skyrocketing, but wages have generally remained stagnant.
Similarly, labor participation (i.e. of the people who could work, how many are actively looking/employed) has remained worryingly low. While the US unemployment rate is very low (~5.1%), that isn't a direct inverse of those who are employed. There is a huge group of people who have simply given up trying to find work and others who are working but less than they would like (e.g. part-time, have one job but would like to work another/overtime, etc.)
We see that effect on inflation, which is no where near the 2% level that the Fed would like. Inflation crudely correlates with real growth because it encourages spending; if the money I have will be worth less in the future, I'm more likely to spend it today.
So in effect, we look at the S&P and think "Awesome! We're at all time highs!" But then we look at the economic fundamentals for people and it looks less sketchy.
A wireframe is not the same as a hardware prototype. The similar analogy would be a functioning product, which in software is also difficult to do well. Functioning means it solves a need better than existing solutions, which requires research, experience, insight, and technical knowhow.
Furthermore, building a functioning software product that is well-engineered to scale (as opposed to a hacked out MVP) is, in my personal experience, rare. Very few "engineers" are able to.
Reinforces that the hardest part in engineering is rarely the technical problem. Distributed databases are really f*ing hard, but infinitely harder if the people can't work together or don't open up to faults.
Consider Color[1]. Raised $41m for a genuinely terribly idea. Social networking with random people in your vicinity just isn't a good idea. All of the time and effort spent solving that "problem" was a waste of brilliant people's limited life.
On the other hand, the AirBnB team has executed tremendously well. Their idea is also excellent. To say that ideas are cheap is to discount the vision of a company. It's to repeat the tired maxim that hard-work is all it takes to be successful. But no matter how hard you work towards putting Tinder on the Blockchain, it is still a terrible idea.
Start with a vision of how you the world will be different, then apply execution towards that.
They are becoming a B2B software company, building back-office tools. Square Capital is a financial service, but a majority of the new products they've rolled out are small business software products.
One critical question not yet addressed is how Square handles the impending (October) switch to ship and pin readers. My guess is they take a one-time charge by shipping new readers to every customer; otherwise they are open to a competitor swooping in.
> With Wallet’s demise went Square’s Starbucks partnership that allowed people to pay for their coffee using the app (though the company continues to process payments for Starbucks)
Fortune neglected to mention how disastrous that deal was for Square. They lose money on every transaction. They spent, and continue to spend, substantial money for press and acquiring a customer outside their target market (small businesses.)
Lastly, there is no criticism that they have filed for an IPO while there CEO is also the temporary CEO of another public company. That's an incredible distraction at a difficult time for any company — exactly the moment when you want your leadership focused on getting everyone on the same page.
They aren't equivalent in the same way that user growth and revenue growth are not equivalent to profit growth. A misinformed statistic for a misinformed view of how to build a successful business.
Never let the technical problems mask what really matters, where the real hard work comes in: people.
If they were a strongly profitable, or even high revenue-generating, company then the announcement wouldn't be about strengthening Yahoo's digital portfolio or expanding their reach in mobile, social, and native. It would be yelling about the cash flow potential.
Site visits, money raised, and number of employees are not business metrics.
That's just one anecdote, but my business wouldn't be counted as Uber taking part of the taxi market.
The Rubinius team's complaints (though hyperbolic) still stand. Developing features in MRI and then testing other implementations against that is not a good design process. It makes sense for historical reasons, but there is significant work to be done cleaning out the cruft of Ruby.
For a sample of such cruft, please refer to the 11k+ line "parse.y": https://github.com/ruby/ruby/blob/trunk/parse.y
Done this way, all other implementations are held back by the early mistakes of MRI and there is little incentive for MRI to change that.
It's not unreasonable that Kara, and by extension her team, would therefore have made a number of high-level contacts inside Google.
That said, if they are speaking to sources then they should reference them (even if anonymously.) Otherwise, as you noted, we can only consider it an opinion piece masquerading as journalism.
Unless they plan on dramatically expanding their product offerings, "Improve[ing] the Health of Humanity" sounds like disingenuous marketing-speak.
Don't get me wrong, catering is important and meals are a great way to bring employees together. Having used Zesty, the meals are from local restaurants and, though there are healthy options, there's lots of greasy options available.
As for getting them to sign the same day, don't drag anything out. Just get it over with so both parties can move on. It's a terrible experience on both sides (unless one side is an asshole or doesn't care about the company.)
As has been detailed numerous times, ADP absolutely has a right to cut off access based on violations of its ToS. They want to be put in the same boat as Uber and AirBnB, as white knights against injustice, but they don't have a "right" to use ADP's product however they see fit.
ADP is not an innovative company and if you'd like to build your own payroll provider (hi ZenPayroll) to make a better product, you are welcome to compete. They are simply saying "we have official ways to integrate and choosing to ignore them to do whatever you want is not acceptable."
> Out of the $585 billion remittance market, an estimated 10%-20% is used solely for bill payments.
If there are $585 billion in remittances made, your market is not $1 trillion. It also isn't $585 billion. If you captured 100% of the market, you'd have to be charging a 100% fee for your market to actually be that large.
This isn't limited to you, but don't inflate your market size to look better. It only shows an insecurity and lack of genuine business knowledge.
I know this is harsh, but it will help you in the long run.
P.S.
You submitted the same story six hours ago. Don't worry about Hacker News, go back to building your business.
White Anglo-Saxon Protestants are not the inventors of names nor does it seem like that group in particular is radically defensive of how naming works.
I'm not sure it is hate speech, but it was meant to cast negativity on one group.
Persecution had nothing to do with it.
Your question — whose dignity falls under the scope of consideration — is the tricky one here. This is malleable and in the US Constitution is reinterpreted as views change. The majority's view is that, as we have seen states experiment with gay marriage and civil unions, we have found the arguments against them to be untenable. We've never defined marriage as being about procreation (e.g. if a man and a post-menopausal woman want to marry that's never been an issue) and we hold it as a form of social cohesion (which applies in LBGT unions, as seen in state who have allowed them.)
Why not siblings? This has a genetic argument against it that was not addressed here. Why not 12 year olds? We don't see their union as a part of the social construct. Again, this decision isn't about tearing down the definition of marriage. It upholds the definition of marriage and says that it applies to same sex couples.