wsetchell

5 ms·

1.
by wsetchell 3y ago
https://businessquant.com/intuit-revenue-breakdown-by-segmen... https://investors.intuit.com/news/news-details/2022/Intuit-R...
2.
by wsetchell 3y ago
The vast majority of Intuit's revenue comes from products for small businesses (e.g. Quickbooks).
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by wsetchell 3y ago
It'd also be really interesting to a similar view on cost per square foot. The US is probably expensive from high labour + land costs, but it might more even expensive than those would suggest.
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by wsetchell 3y ago
I wonder if there's a way to factor in planning time needed. My perception is that the US requires years of (e.g. environmental) reviews before construction can begin which countries like China do not have.
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by wsetchell 4y ago
TSMC has a great business today, but world governments are dumping around a few hundred billion dollars in subsidies towards local TSMC competitors (e.g. ~$25B-$75B from the CHIPS act alone depending on how you count) TSMC's moat isn&#
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by wsetchell 4y ago
What is this fraternal order and how did you find it?
7.
by wsetchell 4y ago
Average life expectancy is down. Life expectancy for rich people is up, so non-rich life expectancy is dropping faster than the average.
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by wsetchell 4y ago
Conquistador: Hernan Cortes by Levy - How Cortes conquered the Aztecs with 400 men and 16 horses. Judgement in Managerial Decision Making by Bazerman - Things which bias your thinking and how to avoid them. My Life and Work by Henry Ford -
9.
by wsetchell 5y ago
I would think of this like a normal customer development / lean startup problem. Is there anyone other than your company using this API? If not, it might make sense to find a single "customer" and make sure the API solves ton
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by wsetchell 5y ago
Increased signal (e.g. more or different data) is one of the many levers to increase ad value. Without changing signals you can still make meaningful long term progress through ranking, delivery, and format improvements.
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by wsetchell 6y ago
I wonder how they're thinking about this versus the steady march of solar + battery performance. I would think that in the 5-10 years it'll take to get this safe enough for a commercial product, solar + battery would be scaling an
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by wsetchell 6y ago
The article does not point out how the system can go astray. Design docs are great when they can in 1-2 pages describe a how an important/large/complex system will work and the tradeoffs made when designing it. Some groups in Goog
13.
by wsetchell 6y ago
To justify spending that money, they'd have to think they'd get better returns on their R&D than shareholders could get elsewhere (e.g. by just buying the S&P 500). It is quite difficult to beat the S&P 500, and they&#
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by wsetchell 6y ago
I don't get people's aversion to stock buybacks. If a company has money it cannot productively spend, it should return that money to shareholders. Stock buybacks are a tax efficient way to do that. The company believes the asset w
15.
by wsetchell 6y ago
That packaging looks incredibly expensive. Even if the other components/service was free, that alone would make this price uncompetitive. That makes me think this is a long long way from being a self sustaining business.
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by wsetchell 6y ago
For the most part, the standard strategy still works fine; spend less than you earn, keep an emergency fund, invest in low-fee stock/bond funds like the ones recommended here https://www.bogleheads.org/wiki/Three-f
17.
by wsetchell 6y ago
I don't think deflation is the natural state of things. Even before fiat currency the money supply grew (e.g. gold mines) and we had inflation. Productivity growth is normal-ish, but the amount you prices have been all over the place t
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by wsetchell 7y ago
Waymo has the best technology in self driving. They have not deployed their tech at scale, when competitors (Tesla) has widely deployed worse technology. Even if they deploy their tech widely, it isn't clear it will generate significan
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by wsetchell 7y ago
Google takes large long-term bets that are closely related to their core business / competency. Some of those seem to be clearly working (see Cloud, Deepmind). As a shareholder, I want to see more of those. Back when I was at Google, X
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by wsetchell 7y ago
Overall revenue going up 20% YoY is amazing. The other bets going up 20% YoY is disappointing.
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by wsetchell 7y ago
It is interesting to see the low revenue, slow revenue growth (~20% YoY), and quickly growing expenses from "Other Bets". If the Alphabet model made sense, I'd expect to see a company starting to clearly take off after 5 year
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by wsetchell 7y ago
Yeah I was there during that time too. Chasing down launchcal bits was really expensive.
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by wsetchell 7y ago
Requiring every product team to go through a central human rights review seems like a bad idea. Not only would it be expensive (new overhead for lots of product teams), it would be counter productive. Today the product leaders are accountab
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by wsetchell 7y ago
I think it might actually be the opposite. Anecdata: - <50% of the people who joined my team recently were referrals. - >50% of my friends in "serious" relationships met offline.
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by wsetchell 7y ago
I googled this too. The second definition fits better here 'reduced in force, effect, or physical thickness.'
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by wsetchell 7y ago
Re 2) Biology and Physics are both really expensive (think particle accelerators and human genome). We could dramatically increasing academic computer science funding to let tackle those large interesting problems.
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by wsetchell 7y ago
Or 29 if you include WhatsApp.
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by wsetchell 8y ago
Here's some problems YC might be able to fix. Equity Liquidity -- I can't wait 10 years to get liquidity on options. YC could offer to purchase some employee equity when the company raises additional rounds. Employee Branding -- F
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by wsetchell 8y ago
Thanks for the explanation! Short of turning off ads or ad targeting, do you have any ideas about how to make this better?
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by wsetchell 8y ago
I hear this point frequently, but never really understood it. Can you explain? Here's the flow as I understand it. 1) Advertiser tells tech company "please show this ad to people you think are interested in X" 2) Tech company

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