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Ryan Bednar
6.9K posts
Ryan Bednar
@ryanbed
Looking for the companies that become obvious later. Co-founder + GP https://t.co/bngyJFFIE2
San Francisco via NJ Katılım Kasım 2007
1.8K Takip Edilen2.5K Takipçiler
@nickgraynews this is awesome! we used to do this on Tumblr back in the day
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I refreshed the slashfriends.org design today
thanks to everyone who linked on their personal website!
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YC still produces great companies at such a high rate that I think it has to somehow be causal.
They obviously have great pattern matching and pick well too, but I think the only way to have such a high hit rate from such early stage companies must be that it changes the odds.
Paul Graham@paulg
One of the weird constants about YC is that the disses are always the same. Investors always claim valuations have become impossibly high. Competitors always claim we've jumped the shark because the batch sizes are now too big. Historically both have always been mistaken.
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There is a fun pipeline of people from 2010s social discovery startups to AI companies
@t_blom prev worked with Anthropic cofounder @NotTomBrown at his company Grouper, a startup that arranged drinks between groups of friends
@ScottWu46 (Cognition) cofounded Lunch Club, which matched professionals for in person meetings
@alexandr_wang was working on a Classpass for nightclubs before pivoting to Scale AI
And of course @sama cofounded Loopt, a location based social network
Kind of funny that a large chunk of the most ambitious technical talent of the 2010s was temporarily allocated to arranging drinks, dates, and lunches
Tom Blomfield@t_blom
Personal update: I'm taking a leave of absence from YC to join Anthropic. I'll be working with @NotTomBrown on the compute team. Powerful AI has the potential to improve the life of every human on earth and, as we enter the early stages of recursive self-improvement, availability of compute becomes one of the most important issues to solve. I'm excited to get started 🚀
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The CEO of StubHub exposed in SEC documents to own a hedge fund thats scalping millions of tickets on StubHub making a fortune
Everything is a scam
“StubHub bills itself as an online marketplace for fans where they can buy and sell tickets, but it turns out that StubHub CEO himself also has a hedge fund that is scalping millions of dollars worth of its own tickets”
“The company went public on the New York Stock Exchange last fall. They had to file documents to the Securities and Exchange Commission, and in those SEC filings, we find some interesting information. The CEO, Eric Baker, actually owns and manages a hedge fund by the name of Andro Capital.
Its business: selling millions of dollars worth of tickets on StubHub — So essentially, StubHub and its CEO are in the business of mass scalping”
Here’s a step by step of how the scam works
- StubHub CEO’s Andro Capital buys large numbers of tickets, sometimes in bulk from primary sellers, other brokers and events
- They then list and sell those same tickets on StubHub at much higher prices
- When fans buy the tickets, Andro makes a profit on the price difference, this is the scalping markup
- StubHub helps them by handling the listing, pricing and delivery of the tickets, sometimes with special arrangements or lower fees for Andro
The result is millions of dollars in ticket sales flow through Andro on StubHub, and the profits go back to the hedge fund that StubHub CEO Baker owns and manages
It means with his big money and influence he can move in early, gets the tickets for events, then mark them and rob everyone blind
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i'm not chamath's biggest fan but this is great advice and something worth constantly reminding yourself of
failure is a mental construct and allowing yourself to be consumed by it internally yields you nothing positive
put your absolute best effort it, take the output regardless of what it is and just but your best effort in again
The Techno Optimist@technooptimist1
Chamath Palihapitiya @chamath "Bro, there is no failure." "That is what other people think of you to keep you down. There's no failure. If you were left on an island and it happened, you would just brush it off and move on. It's everybody else that you think is judging you. But then, here's the secret. They don't give a fuck about you. They are living their own lives. So it's your perception of what they think of you." "There is no failure. There's do and learn. Do and learn. Do and learn. Do and learn." @StanfordAILab
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@antoniogm It's so easy to scuff the rims on these. Everyone does. Don't sweat it.
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Pondering replacing the very pricey rim, or just accepting the new beast will have some road rash.
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Crossed some major milestones on a new car:
1. Scuffed a rim on a tight turn (I swear SF has the oddest placings for its curbs and medians)
2. First parking ticket
Antonio García Martínez (agm.eth)@antoniogm
Still enjoying slinging this guy around curving roads.
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@eringrugan Ownership making a cost-cutting move and sports media is covering for them
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Can't recall the last time I saw a post-trade smear campaign quite like the one following Jaylen Brown to the Sixers right now. Hadn't heard even a fraction of the criticism and complaints until the last few days / weeks...
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@brezina I've looked into this and only BYD is building electric minivans. They would be *so* popular in the US!
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Why won’t Tesla just make a dang minivan! Sliding passenger doors, adult-sized rear seats, TRUE fold-flat rear seats. They are truly the best suburban family vehicle.
I want a FSD van. Ideally gasoline hybrid electric. Who is building this?
Oli@CARN0N
Here’s what the Model Y L trunk looks like with all the rear seats folded down: All four rear seats fold flat, the third row gets air vents, and the underfloor storage cover can be lifted up at the back to create one level trunk floor throughout the rear.
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@smthomas3 @abhiaiyer If Knicks beat Olden State in the finals that would be so crazy
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If LeBron comes to Golden State, it’s going to be wild. Imma need some tickets! Yes VCs, I’m looking at you.
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Spring Lake, NJ in the summer is heaven on earth. the Hamptons can suck it
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