Any broadband chip since 3G ships with proprietary drivers which have backdoors. I tried to build an open phone, worked for one of the major telcos, and could never get around the driver issue in trying to make an open…
“I would assume a company like Raytheon has all their processes documented and can quickly spin up a new manufacturing line for a legacy product.” As someone who has worked in this field, I almost spewed coffee out my…
IBM pioneered the “embrace, extend and extinguish” approach to using their monopoly in mainframes to kill off competition in PCs. Intel and Microsoft then took over as monopolists after the consent decree restricted…
After twenty years the founders made out with tens of millions, for a company that was ultimately entirely worthless, and whose employees were all laid off. Perhaps some of the former factory workers ended up on the…
Hard to watch, not only because it rang so true, but also because I've known people personally who gave their all to the company and when it didn't work out in the end, commit suicide. It's a cautionary tale of putting…
Yes so what happened is they converted, then had majority common, then voted to recapitalize and sell, after which recapitalization they made out with a profit but common got nothing. The problem with this legally was…
Starting equity was a little less than 10%. Valuations went up as several rounds were raised up to $30+m and share value went up until at one point it was north of $20m paper dollars. After market re-valuation an…
It's a private transaction, so it's unknown and unless it's leaked out we are unlikely to ever know. There was a startup I was co-founder of at one point, and seven years later (about the same age as Paperspace) we sold…
“It would, in fact, take a catastrophic event involving the total dissolution of the US government and economic system for this to occur.” As Hamlet would say, aye, there’s the rub. Economic collapse is actually far…
In string theory, which is a branch of theoretical physics, there's an idea called "mirror symmetry." This suggests the existence of two parallel worlds (let's call them A-side and B-side) that are very similar but have…
[dead]
Any broadband chip since 3G ships with proprietary drivers which have backdoors. I tried to build an open phone, worked for one of the major telcos, and could never get around the driver issue in trying to make an open…
“I would assume a company like Raytheon has all their processes documented and can quickly spin up a new manufacturing line for a legacy product.” As someone who has worked in this field, I almost spewed coffee out my…
IBM pioneered the “embrace, extend and extinguish” approach to using their monopoly in mainframes to kill off competition in PCs. Intel and Microsoft then took over as monopolists after the consent decree restricted…
After twenty years the founders made out with tens of millions, for a company that was ultimately entirely worthless, and whose employees were all laid off. Perhaps some of the former factory workers ended up on the…
Hard to watch, not only because it rang so true, but also because I've known people personally who gave their all to the company and when it didn't work out in the end, commit suicide. It's a cautionary tale of putting…
Yes so what happened is they converted, then had majority common, then voted to recapitalize and sell, after which recapitalization they made out with a profit but common got nothing. The problem with this legally was…
Starting equity was a little less than 10%. Valuations went up as several rounds were raised up to $30+m and share value went up until at one point it was north of $20m paper dollars. After market re-valuation an…
It's a private transaction, so it's unknown and unless it's leaked out we are unlikely to ever know. There was a startup I was co-founder of at one point, and seven years later (about the same age as Paperspace) we sold…
“It would, in fact, take a catastrophic event involving the total dissolution of the US government and economic system for this to occur.” As Hamlet would say, aye, there’s the rub. Economic collapse is actually far…
In string theory, which is a branch of theoretical physics, there's an idea called "mirror symmetry." This suggests the existence of two parallel worlds (let's call them A-side and B-side) that are very similar but have…
[dead]
[dead]