I would really love to use Julia, and for my team to as well. But we are too locked into R to even begin. If I were these folks, I would focus on the flow, not stock, of data analysts. Get the next generation locked in to Julia. Turn R into SPSS
Hello, author here. I found this the analogy between voting and machine learning to be an interesting one, as voting is essentially a classification task. Popular votes are bagging, representative democracy is stacking -- it's pretty cool!
I always hate these comparisons because they always compare market capitalization and not enterprise value. On the latter metric, which is independent of how a company is financed, Intel is still more valuable. Intel is still "worth more" than Nvidia.
I'm not even a software engineer. Lowly MBA that writes R code. even I understood the gist. But the part that I understood well is that _this was a HackerOne managed program_, meaning that it's HackerOne's job to take a raw submission and turn it into a well designed report that can be triaged and fixed.
This article really, _really_ needs to cite Getting to Yes, or at least their authors, William Ury and Robert Fisher, who developed these ideas, and even this terminology.
My guess (and this is just a guess, as I too can't read the article), is that the investment was a convertible note, and they actually paid back the debt instead of allowing it to convert into equity. But I am no expert and I don't know the facts — I was just wondering the same thing and this was the scenario I landed on as a plausible hypothesis.
it doesn't make internal investment impossible. it just changes the pockets it comes out of. well, actually it doesn't even do that, because either way it would be coming out of the cash owned by the PE shops, whether it sits on the books of the company or has been paid out to its owners. they can always decide to invest more into initiatives that show a promising return. the issue here is not the structure, it's rather that the owners of these shops made mistakes, which will happen. but the incentives are not misaligned.
yes, in the sense that everything that's on the cap table (including special dividends, etc.) won't affect the P&L, except for the interest payments. but investors in the company treat interest payments separately, because it's just part of apportioning who on the cap table gets what. that's why investors often look at EBIT (earnings before interest and tax) and enterprise value as opposed to market cap, as enterprise value includes the value of the debt.
> if PE didn't burden them by taking out loans against the company's assets
if this were the true problem, i.e. if there were a profitable business that just wasn't making enough income to service its debt, then the enterprise would continue to exist after restructuring the cap table.
adding debt to the company just changes the cap table, it doesn't change the profitability of the underlying company.
Not enough to be the _main_ mode of communication, but definitely an important part of my team’s remote communications. I run www.gradientmetrics.com, and we’re a (very small) distributed team. We often do screencasts with voiceovers to show how we’re thinking of implementing something, what we think the outline of the deliverable should be, etc., etc. This can be _a lot_ easier to do with a video screencast than it is to type out. We typically do this either with a QuickTime screencast or with the person recording a solo Zoom conference with screen share, and uploading to Vimeo. If there was something that cut that workflow down and had some other features, we’d consider it.