With all due respect, I think your analysis is wrong. He points out how much luck plays into everything and so even if someone younger with 95 year experience came out I think he'd point out that in the end there's an element of luck to everything. The world isn't deterministic.
I doubt they’d need to go public. Regardless of your views on Elon, he’s consistently raised billions privately whenever needed. Even without Starship, SpaceX seems cash-flow positive and profitable thanks to Starlink and Falcon 9. It’s simpler to ask private investors to back his R&D efforts when they’re investing in an already profitable company excluding the R&D. Going public might echo Tesla’s early days, when profitability of the company as a whole wasn’t guaranteed.
I was under the impression they can't due to ITARS / it being technically rocket technology. I know EU launches from French Guiana but that's still technically France or at minimum has a deep relation
This is why I've been so curious as to exactly what Reddit is really trying to do with this api change. If the point of Reddit is to consume content then the content itself (and the amount of it consumed) is really their business model so all actions should support that vs. getting people to arbitrarily be on their site. If your business is content, it shouldn't matter if it's a third-party app or if it's on your main site. I just cannot figure out the long-term logic behind this move (ofc short-term it's about $$ and their IPO but this'll hurt their model in the long-run)
My company came up with a structure where we have an overall quarterly revshare in replace of bonuses for the entire company. It works where engineers get X% and sales reps get ~4 x X% of the revshare pool for each team. Of each team's bonus pool, 2/3 is given out guaranteed based off a few tangible factors and then the remaining 1/3 is given out to individuals who have performed above & beyond.
The idea behind this are a few-fold but essentially:
As an engineer (now CEO/CTO), I've hated having to wait the full year for my bonus. It's just a way to lock me in for the year when my incentive to stay should be to love the work & team. I don't want to create a place to work where you're forced to stay because of some guaranteed bonus - if you want to leave, leave & then let's hire someone who finds the work engaging + we all know performance slips as you wait for the bonus.
For the sales team, it means they're incentivized to work with the engineering & product teams to make sure they get the engineers the proper feedback in order to build a better product that they can sell more easily.
We've found this has generally built a better more team-oriented & results-oriented culture. Happy to expand but overall I think a quarterly revshare for everyone is a much better end-result (other than the fact I'm now forced to care more about making sure engineers are happy but that should be a huge focus regardless...).
Edit - also worth noting that we give everyone equity so there's still a long-term focus of building a company, not just cashing out quickly.
I wrote a Go library for postgres & redis that handles all caching automatically.
where all you do is input the queries your application needs and then it will automatically determine which columns are affected & do all caching / cache invalidation for you.
I have it to the point where due to Redis being able to push onto a list that only writes hit the database & it even will update the cache keys automatically so that after an insert or update the cache is still hot.
1. In our codebase, we leave links to the stackoverflows as documentation if it's something that someone else may question. Exact same concept just with ChatGPT.
2. I'm working with the Salesforce API which has been absolutely tedious to use but chatGPT, while not great at everything, has been giving awesome results back that otherwise would take me hours to hunt down. Sometimes responses get a lot of information back with multiple code blocks that I'm then unable to copy paste over & I'd rather send the conversation than spend 15 minutes typing back & forth explaining myself to a co-worker.
I completely understand you may not have a use for this but I think there could be awesome use-cases for it nonetheless for other engineers.
I’m actually really excited for this because I use chatGPT all the time for work and being able to share the output of code to another engineer will make things a lot easier. I agree with others about it not being useful for mundane things but there are times chatGPT will generate a lot of code in different blocks & it’s a pain to share.
I agree. It's felt like a lot of online forums are starting to become Quora where it's all self-promotion thinly veiled as adding to the conversation. It reminds me of PG's The Submarine blog post (http://www.paulgraham.com/submarine.html)
I want to see him in jail just as much as you but I’d counter point that:
1. No bodily harm occurred in this act
2. Murder trials are usually easier to get evidence from
Except that the DOE loan was for 465m. If they lost 1.7m in the quarter then the DOE loan wouldn't even be 1 month of operations. Even with inflation, the loan they received wouldn't touch the losses rivian has been having.
I do love their trucks and hope they succeed though
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I'm the founder (successfully exited last startup I founded, ex-FAANG team lead, one of the first employees at a previous unicorn) of a startup that connects sales reps together to exchange leads & referrals. You'll be a part of a growing team of a few highly skilled engineers + sales reps and help us build out our features. We're incredibly fast growing for being in beta and just weeks away from fully launching.
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Could you do what Mark Cuban did and work with your brokerage to do sell calls & buy puts around the strike? That would lock in your price for a given amount of time.
This is pedantic but seeing as the other comment is joking about his appearance then I do want to say that China is civilized. To say it's china vs. civilized is wrong at best and helps dehumanize billion plus people at worst by implying they're not civilized yet we inherently are. I do agree with you on your point overall though.
I believe they spent 2.4b on expansion but cashflow was still 1.9b.
`Over the past four quarters, we generated over $1.9B of free cash flow while spending $2.4B on new production capacity, service centers, Supercharging locations and other capital investments`