loftyai

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Lofty AI looking for feedback on new idea(lofty.ai)
8 points by loftyai 5y ago|3 comments
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by loftyai 7y ago
I can't speak for every company out there, but for us, we've discovered that resumes and whiteboard challenges are bad predictors of great engineers. So, we simply come up with a small project that's related to what we would
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by loftyai 7y ago
The release of the news might move the market a bit, but typically for these large volume trades, they don't go through the typical exchanges like NYSE. Instead, traders will often deal with another large player through an OTC transact
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by loftyai 7y ago
It's interesting that you bring this up. Every time I take an uber or lyft (which is very often), I ask the driver which one they prefer. Around early 2019, I've noticed a lot of drivers say they get more business on uber, but pre
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by loftyai 7y ago
But it's 2019 about to be 2020. Surely people can easily automate this aspect of recruiting?
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by loftyai 7y ago
Yeah, very true. But it's kind of sad that people like me, who still dress according to comfort get grouped in with the status and conformity faction.
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by loftyai 7y ago
This is a pretty interesting point of view. I had always thought that it's just something that was passed down as tradition since it seemed that back in the days, men always wore suits, even when they're not at work.
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by loftyai 7y ago
Does anyone else find it out that the people (recruiters) in charge of finding good tech talent often have no experience in programming themselves? So, my question is how do they know if someone is a good programmer? If all they do is read
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by loftyai 7y ago
I never understood the bias on work attire from both sides. It's silly to judge people's abilities based on what they like to wear period. The whole point of casual dressing in Tech was that it made some people perform better, bec
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by loftyai 7y ago
If you're still interested, you can email me directly, and I'd be happy to send you some of the stuff I was able to dig up.
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by loftyai 7y ago
Yep! That's exactly right. We keep that in reserve in a 3rd party account :) Also, you have a great point on the perception problem, which is what we are trying to tackle right now. We have genuinely designed a product that is meant to
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by loftyai 7y ago
You're absolutely right about the correlation changes. However, gold's correlation to the general market was developed organically by human behavior over time. That does often change during crisis. However, options contracts are a
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by loftyai 7y ago
You're getting warmer ;) We also don't just hedge with options on 1 index, so a blend of hedging instruments can get us pretty close to 100% granularity. Any percentage points that are not covered in a granular manner should be of
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by loftyai 7y ago
Yeah data is always a big headache haha, so I feel your pain. We use MLS data to obtain housing prices historically. We don't use government data for median income, instead, we estimate it directly by tracking social media posts from t
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by loftyai 7y ago
Thanks for the comment, but at the moment we do not cover closing costs or agent fees. In the event that there is appreciation, but is minimal. We recommend that our client buys us out instead of selling the property. This way, they won&#x2
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by loftyai 7y ago
Your point is very valid. Closing costs and other fees related to real estate transactions are something we do not cover at the moment. Our belief is that there shouldn't even be all these fees for home buyers and sellers, because most
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by loftyai 7y ago
That's interesting, we'll take a look. Thanks for the suggestion!
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by loftyai 7y ago
Wow! I knew it wasn't as high as 90% death rate, but 50% survival rate is actually quite high!
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by loftyai 7y ago
Thanks for the kind words Doreen, your father sounds like a wise man :) We have tried to engineer the agreement to the point where only during times of nuclear war or some crazy natural disaster, would we not be able to cover the losses. An
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by loftyai 7y ago
You're correct in that many financial instruments with traditionally inverse correlation started moving differently. However, this is mainly from the natural correlation between two instruments that may develop over time. For example,
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by loftyai 7y ago
Sorry that the post wasn't as clear. My intention with that line was to walk people through the process step by step. Of course, we engineer the product so that we can pay people back. But I wanted to show people our thought process, w
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by loftyai 7y ago
Love this suggestion! We have been toying with the best way to personalize the properties shown to each individual user. Right now it's just by city, max price and property type. We also have added things like "near nightlife&quot
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by loftyai 7y ago
Thanks for the feedback, you bring up some really interesting points. 1. I think what you're saying (and please correct me if i'm wrong) is that we could go after people who aren't about to buy a home but who already own a ho
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by loftyai 7y ago
It's certainly something we have considered. One issue is the capital raise. On top of that we really wanted to address the specific pain point of people wanting to buy a home but who cannot afford making a bad purchase. As such a pivo
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by loftyai 7y ago
Many large market makers issue these instruments. They are not traded OTC and thus would not face liquidity problems like the OTC instruments people couldn't offload during the GFC (specifically like those guys in the Big Short). As fa
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by loftyai 7y ago
Totally understandable that $100/month may be steep for a nationwide list when you would only want Atlanta. We do plan to add a cheaper tier where you can select just one or a few cities. As far as having a Zestimate like tool - most o
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by loftyai 7y ago
Customer testimonials is a great idea! Will add those to our site when we get a minute to do so. As you said, they would probably go along way towards providing some additional comfort to any one who has some interest but is cautious about
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by loftyai 7y ago
Any loss above 20% will be covered by the options purchased at the inception of the contract that go up in price if the real estate market suffers a larger drop (>20%). So we personally guarantee up to a 20% drop with our own capital and
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by loftyai 7y ago
This is totally understandable reaction to the business model. We do put our money where out mouth is but nonetheless it does beg the question of why we don't just do the investments ourselves. One major issue is capital. But beyond th
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by loftyai 7y ago
Sure! We are always happy to add to our list of preferred agents that we recommend to customers who are unsure of which agent to go with.

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