tslathrow

7 ms·

1.
by tslathrow 12y ago
I continued to be impressed with Sam's clarity. Keep it up! Sidenote: interesting to see that YC has a BBerg terminal (and careful with the RMB claim in the near-term)
2.
by tslathrow 12y ago
Fido is a great shop and 100K is relatively cheap for that important of a lesson... and of course we shouldn't ask too many what-ifs.
3.
by tslathrow 12y ago
GMO is the laughingstock of the HF community... trying to make a name for themselves with a permabear outlook. Their index and commodity projections are truly hilarious and they've been claiming this sort of shit for years, generating
4.
by tslathrow 12y ago
2006 But seriously, why are you limiting yourself to PHP and jQuery? JQuery especially - really odd considering you could easily work with any framework if you have the JS background...
5.
by tslathrow 12y ago
Well I have a lot of experience with 16 hour/day work weeks (have worked at banks most of my life). Yeah, you're right, it's not fun. It really comes down to the time-sensitivity of your work. For someone in their 20s, I th
6.
by tslathrow 12y ago
You guys should organize. YC Founders Union. Obviously shortened to YCFU.
7.
by tslathrow 13y ago
Unrelated: Don't go to UChicago if you want to study CS. The department isn't built out. Consider UPenn SEAS or Columbia Fu for a similar tier CS program. It's really excellent for economics (which I was considering), but en
8.
by tslathrow 13y ago
I will never forget OS 1... I still have nightmares
9.
by tslathrow 13y ago
I completely agree. It was more that I ended up going into finance, so GPA became a sticking point. It all turned out okay - I just wonder whether Columbia could make CS less brutal.
10.
by tslathrow 13y ago
I did an undergrad in CS (Columbia) - in retrospect I should only have minored in CS. I'm not sure it's worth the workload! You will have _no_ free time and get reamed in GPA Very math-heavy and the project based classes were brut
11.
by tslathrow 13y ago
I can guarantee that they will lose to Interactive Brokers on price. IB has structural cost advantages in internal matching and zero customer service (possible given the more advanced user base). It's also very very stupid for a reta
12.
by tslathrow 13y ago
Congrats Garry!
13.
by tslathrow 13y ago
Just FYI ritholtz is a complete fake... tried to build a brand out of working as a strategist at a bombed out bank. Not saying that his articles are invalid, just that he is a serial marketer with little in terms of relevant credentials.
14.
by tslathrow 13y ago
I was curious because I recently finished my two analyst years in ibd (@ a bb), but switched into PE instead of a startup, which I was considering. Always interesting to hear the other side.
15.
by tslathrow 13y ago
Why'd you leave IBD/VC?
16.
by tslathrow 13y ago
Not a big fan of capital structure above common for early-stage investing. Too much possibility of fucking over the common. Why not bundle a non-expiring warrant with convertible preferreds? Consider also how much harder this will make pr
17.
by tslathrow 13y ago
I was more wondering about working capital management RE: cash flow. I was originally an IB analyst @ BB. The series 7/63 issue only applies if you don't leave the usual "forward looking statements etc" disclosure.
18.
by tslathrow 13y ago
Part of the reason this is not a good business is you can't amortize advertising. ie no SG&A leverage going forward. unlikely to see decreasing marginal cost why not post cash flow as well? you will also get your ass kicked for p
19.
by tslathrow 13y ago
I did undergrad CS & OR at Columbia before going into banking... it really depends on what you're interested in And it also depends on just how far you go in finance - IBD at a bulge bracket is very different from some nonsense bo
20.
by tslathrow 13y ago
haha I can appreciate that
21.
by tslathrow 13y ago
Half-day trip on san pedro in college... good times
22.
by tslathrow 13y ago
Unrelated, but have you ever tried mescaline via san pedro? One of the good legal psychedelics if you're thinking about shrooms.
23.
by tslathrow 13y ago
I will never understand why Silk Road is easier than just hitting up your dealer
24.
by tslathrow 13y ago
What does that even mean? I highly doubt that any form of Ruby is faster than WSGI PyPy.
25.
by tslathrow 13y ago
Very often there was a crunch time around getting a deal done. Could be an IPO, restructuring etc That means lots of modeling and dicking around with slide decks RE lunch: I took fewer than ten lunches away from my desk over those two years
26.
by tslathrow 13y ago
Seeing as I grew up on 80+ hour workweeks, I can promise you this is false for a certain group of people. I spent two years in banking - normally we had 18+ hour workdays... definitely gave me stamina later on. Tier 1 bonus bucket at a bulg
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by tslathrow 13y ago
Definitely keep a screenshot of this for a final slide in your IPO roadshow deck 2 years from now
28.
by tslathrow 13y ago
Mostly disagree. My banking years (age 21-23) were really rough (100+ hour workweeks), but it definitely meant we learned much faster and earned significantly more over the long run. I tend to lose interest if I'm not actively competi
29.
by tslathrow 13y ago
- Forcing unnecessary financial disclosures Have we not learned a damn thing from 1999? The whole reason retail investors have a chance is because public companies have to file an 8k every time the CFO farts
30.
by tslathrow 13y ago
I assumed you could just look in any introductory finance textbook, but here: CAPE Formula: - Adjust each of the yearly earnings of the last 10 years for inflation. - Average the result of the step 1. - Divide the current price by the resul

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