leashless

7 ms·

1.
by leashless 2y ago
I knew him a little in his capacity as a mad Hindu cultist. He was mad, Hindu, and a cultist. https://shivashakti.com is where you can find that aspect of his work.
2.
by leashless 2y ago
https://www.westonboxes.com/ I recently discovered these. Lifechanging in two ways: * you can put them on their ends and they don't fall over, which is ideal for storage on shelves * translucent so you can see what&#x2
3.
by leashless 2y ago
Absolutely! He’s a Star!
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by leashless 2y ago
A person I know reasonably well is currently the Lord Mayor of London. I suspect I could get him to do an AMA here if people would like to hear more about the City and its fascinating ways. Seriously, we could actually do this!
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by leashless 2y ago
They started with 8 mice. This seems like an inbreeding problem not a utopia is hell problem. Has anybody replicated with a more diverse mouse population?
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by leashless 2y ago
The bleakest cyberpunk future event to date.
7.
by leashless 2y ago
Oh I meant from the perspective of the one selling the insurance, not the person buying it.
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by leashless 2y ago
In insurance you expect to come out ahead in the average case. In gambling you expect to come out behind in the average case. Therefore insurance is rational and gambling is irrational.
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by leashless 2y ago
They look practically custom designed for this task. The purpose of a system is what it does.
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by leashless 2y ago
If America had the same covid death rate as Canada, nearly 700,000 less Americans would have died of covid. Alarm by the Epidemic Intelligence Service officers is not "alarmism." It was an accurate forecast that the system was goi
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by leashless 2y ago
How does a corrupt society become less corrupt? https://web.archive.org/web/20200428230447/https://northatla... I used to work on failed states for a living. This is what I had to say. It absolutely appl
12.
by leashless 2y ago
well said. "A few years ago there were memes about how the problem with zombie movies is that they never showed people running out to get zombified." I laughed far too hard at this, in the context of the upcoming bird flu pandemic
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by leashless 2y ago
Campaign finance reform: Lessig's "Lesterland" springs to mind.
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by leashless 2y ago
Eh. The problem pandemic-wise is the number of humans in slobbering distance of the animals: pets like cats are less of a problem (toxoplasmosis) because they're in less proximity with each-other. But all the unsanitary conditions add
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by leashless 2y ago
I'm too far away to know: based in London, mostly working in the legaltech domain, we're far far away from the SV cultural nexus (other than occasional trips to Burning Man for a refresher!) I think there's a pretty good chan
16.
by leashless 2y ago
So... where's the magic pixie in this story? If VC is not a job -- and remember most of the junior people in funds, it's like their first job in finance -- then what is it? I mean you've gotta define terms here...
17.
by leashless 2y ago
Yes. I learned this the hard way. I'm glad to see people _getting it_! Good luck!
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by leashless 2y ago
Agreed. VCs are companies, start ups are companies, they've got very similar dynamics. There's no magic anywhere in here.
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by leashless 2y ago
Check the bio.
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by leashless 2y ago
Seven years in business. Number of staff varies with the environment but we've had as many as 40 on all hands, mostly part-timers with specialised skills. It's not a very ordinary company. Too many lawyers.
21.
by leashless 2y ago
Let me throw in one other tip for founders looking to get funded: do not ignore regional VCs. Most of the stories about "how VC works" are 10, 15 years out of date. The cultural "sense of things" lags behind the reality.
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by leashless 2y ago
Hardly, I'm a CEO.
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by leashless 2y ago
I don't understand what you are saying or asking. We can only measure against real world data.
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by leashless 2y ago
Paul Graham, Black Swan Farming: https://paulgraham.com/swan.html > "The two most important things to understand about startup investing, as a business, are (1) that effectively all the returns are concentrated in a
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by leashless 2y ago
Nobody said work for free. Raise money for the fund's operations with a separate investment product, and take no 2% management fee. Instead take 40% of the upside: this is _efficient_ if you think the upside will be huge. In fact if yo
26.
by leashless 2y ago
I think the answer is marginal utility of money. If I have $20 million, and I take $1m to the casino and bet it all on Red 21, maybe I come back with another $20m after taxes. Or I lose $1m then and there. But in the process there's no
27.
by leashless 2y ago
VC as an asset class loses money. Within that loss, some companies do better than others. Whether that is skill , luck or finding some way to tilt the board in your favour (political influence for example) depends on who you ask. I have
28.
by leashless 2y ago
They would take equity in the fund, of course.
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by leashless 2y ago
"If the business model wasn't working it would have failed and the VC firm would have closed a long time ago." Tons of VCs do fail.
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by leashless 2y ago
As noted, the VC would raise capital like any other business to cover its operating costs. Think about why they don’t do that.

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