Ah I forgot about this. The Las Vegas Oakland Raiders' stadium...
Woah. When did they start charging for parking at the casinos on the strip? I lived in Vegas from 2009-2012, and I used to always park at the Bellagio whenever I took tourist friends to the strip. My mom used to always…
I used v4 back in 2012-2013 (when I was in college). They switched to nYNAB a year or so after, and I hated that everything was "in the cloud" and there was an option to "automatically import transactions from my bank…
I love strongtowns. Such an interesting blog rich with data and thought-provoking ideas. He brings up a few ways to measure "Infrastructure Obesity," but really it boils down to over-investment but under-utilization,…
Saw this on a YC thread a while back, but I keep witnessing examples of it every couple weeks: https://alexdanco.com/2019/10/26/everything-is-amazing-but-n... Everything is amazing but nothing is ours.
This is actually quite interesting, because the timeline for the massive inflation in the US during 1980s (which was solved by Volcker, RIP) roughly lines up with the upswing in labor participation rate among women:…
Yup, precisely right. They marketed the business as a tech company, hoping that future investors would overlook years of unprofitability to get in on the next rapidly-growing tech company. Oh don't worry about those…
> How does anyone justify WeWork as a tech company? Straight from the horse's mouth (We Co's S-1 Filing, pg.2): "Technology is at the foundation of our global platform. Our purpose-built technology and operational…
My first and last penny stock. Never again, because $HMNY.
I just read this after I posted a long reply... is this what they meant?? lol
Yeah, I'm definitely a strange person but I want to say that me and my coworkers are largely insulated from the negative effects of the WeWork debacle. We always knew working in a WeWork was a temporary thing, maybe a…
You're right about "technically possible but probably not gonna happen." The part you're missing is - although the market might have access (and be able to) parse data in an "informed" way, that doesn't mean all market…
You're right. But man, they tried really hard to sell it as a tech startup. From their S-1 filing (emphasis mine): "We pioneered a “space-as-a-service” membership model that offers the benefits of a collaborative…
If I could chime in here - WeWork was way overvalued because they sold themselves to the public as a "tech company" that dabbled in real estate, not a real estate company that dabbled in tech. I mean, they had a lot of…
I might be revealing too much here, but I work for a company that leases space from WeWork, so I go to a WeWork every day and in the evenings I read about its eventual demise. (Might explain why I'm so morbidly curious…
Ah, thank you. So it seems that the $9.5b is a total figure, and they're just short the $2.8B they need from MUFJ.
>In the end this will stop future cases of investors trying to jam garbage companies into the public markets, essentially stealing money from retail investors who don’t know better History doesn't repeat itself, but it…
I don't have the sources for this atm, but I heard last night that SoftBank doesn't actually have the $9.5B it needs in funding to secure its controlling stake in WeWork. Which means the guy hasn't gotten his $1.7B yet.…
>hiding inflation by cheapening construction So true. I've heard for years that the size of our cereal boxes/chip bags/candy bars are decreasing, ever so slightly, while the price remains the same. Reminds me of that…
Yes, but don't forget that those "special" investors were funded by even richer, special-er investors. Softbank funded WeWork via the Vision fund, which is primarily funded with Saudi money.
Not just anyone gets 16b of funding to lose 50% on it. You need to be a very charismatic CEO - maybe borderline cult-leader status
Agreed that it's interesting nonetheless. I've been "joking" with my friends that I want to take a trip to Costa Rica to do Ayahuasca with them. The "story" of how Ayahuasca came to be is quite fascinating: Ayahuasca,…
I've been working on this since I noticed it in myself a few years back. It's really difficult because I'm the "problem-solver," but I'm also the person that people want to vent to. So I've come to realize - After a…
"Personal Risk Tolerance" has become a meme in WSB just like "literally can't go tits up" has become a meme. "Personal Risk Tolerance" = said by /u/ControlTheNarrative before losing $50k in AAPL puts "Literally can't go…
Ah I forgot about this. The Las Vegas Oakland Raiders' stadium...
Woah. When did they start charging for parking at the casinos on the strip? I lived in Vegas from 2009-2012, and I used to always park at the Bellagio whenever I took tourist friends to the strip. My mom used to always…
I used v4 back in 2012-2013 (when I was in college). They switched to nYNAB a year or so after, and I hated that everything was "in the cloud" and there was an option to "automatically import transactions from my bank…
I love strongtowns. Such an interesting blog rich with data and thought-provoking ideas. He brings up a few ways to measure "Infrastructure Obesity," but really it boils down to over-investment but under-utilization,…
Saw this on a YC thread a while back, but I keep witnessing examples of it every couple weeks: https://alexdanco.com/2019/10/26/everything-is-amazing-but-n... Everything is amazing but nothing is ours.
This is actually quite interesting, because the timeline for the massive inflation in the US during 1980s (which was solved by Volcker, RIP) roughly lines up with the upswing in labor participation rate among women:…
Yup, precisely right. They marketed the business as a tech company, hoping that future investors would overlook years of unprofitability to get in on the next rapidly-growing tech company. Oh don't worry about those…
> How does anyone justify WeWork as a tech company? Straight from the horse's mouth (We Co's S-1 Filing, pg.2): "Technology is at the foundation of our global platform. Our purpose-built technology and operational…
My first and last penny stock. Never again, because $HMNY.
I just read this after I posted a long reply... is this what they meant?? lol
Yeah, I'm definitely a strange person but I want to say that me and my coworkers are largely insulated from the negative effects of the WeWork debacle. We always knew working in a WeWork was a temporary thing, maybe a…
You're right about "technically possible but probably not gonna happen." The part you're missing is - although the market might have access (and be able to) parse data in an "informed" way, that doesn't mean all market…
You're right. But man, they tried really hard to sell it as a tech startup. From their S-1 filing (emphasis mine): "We pioneered a “space-as-a-service” membership model that offers the benefits of a collaborative…
If I could chime in here - WeWork was way overvalued because they sold themselves to the public as a "tech company" that dabbled in real estate, not a real estate company that dabbled in tech. I mean, they had a lot of…
I might be revealing too much here, but I work for a company that leases space from WeWork, so I go to a WeWork every day and in the evenings I read about its eventual demise. (Might explain why I'm so morbidly curious…
Ah, thank you. So it seems that the $9.5b is a total figure, and they're just short the $2.8B they need from MUFJ.
>In the end this will stop future cases of investors trying to jam garbage companies into the public markets, essentially stealing money from retail investors who don’t know better History doesn't repeat itself, but it…
I don't have the sources for this atm, but I heard last night that SoftBank doesn't actually have the $9.5B it needs in funding to secure its controlling stake in WeWork. Which means the guy hasn't gotten his $1.7B yet.…
>hiding inflation by cheapening construction So true. I've heard for years that the size of our cereal boxes/chip bags/candy bars are decreasing, ever so slightly, while the price remains the same. Reminds me of that…
Yes, but don't forget that those "special" investors were funded by even richer, special-er investors. Softbank funded WeWork via the Vision fund, which is primarily funded with Saudi money.
Not just anyone gets 16b of funding to lose 50% on it. You need to be a very charismatic CEO - maybe borderline cult-leader status
Agreed that it's interesting nonetheless. I've been "joking" with my friends that I want to take a trip to Costa Rica to do Ayahuasca with them. The "story" of how Ayahuasca came to be is quite fascinating: Ayahuasca,…
I've been working on this since I noticed it in myself a few years back. It's really difficult because I'm the "problem-solver," but I'm also the person that people want to vent to. So I've come to realize - After a…
"Personal Risk Tolerance" has become a meme in WSB just like "literally can't go tits up" has become a meme. "Personal Risk Tolerance" = said by /u/ControlTheNarrative before losing $50k in AAPL puts "Literally can't go…