I'd be interested in seeing the cost analysis/breakdown of hiring Cessna pilots to take pictures vs. renting Parrot AR Drones with GoPros to farmers, teaching them to survey their own land and provide them with a software built by TerrAvion.
Most investors think because a YC Partner invested, that must be the best company. And the YC Partners should know, they've spent the last three months with every company!
I'm sure the YC Partners' track record of "picking" is no better than SV Angel, a16z, Greylock, etc.
I think this tweak to the investment policy will contribute to eliminating the sub-par angel investors who base a majority of their investments on which companies received funding from YC partners. PG taking action to make his dreams a reality [1]
I have a feeling history is going to repeat itself. Statements like "AMD believes that it will be the leader of this ARM Server market" reminds me of the DRAM boom-and-bust from 2006-2009. The new (old) hot technology froths the market into a frenzy and semiconductor fabs start rushing to get a slice of the action.
There are consequences larger than "hey, stop that."
Even Uber's legal representation said they could be liable for damages:
If Uber employees intentionally diverted Gett drivers from legitimate business by making phony calls, that is an unfair business practice, illegal under California law," he said. "It is also an intentional interference with Gett's business which makes them liable for money damages.
Genentech asked Kleiner Perkins for a $3.0 million dollar investment back in the 70s to see if it was even possible to accomplish genome splicing. The investment would have paid for building a new lab, new equipment, etc. KP decided to give them $500k and rent the UCLA lab instead. That was a groundbreaking investment (and the VC business had only been around for 15-20 years).
In the current landscape of investing, crowdfunding has become the vehicle for riskier investments that traditional VCs no longer make (because they don't fit 10% x $2 billion = happy LPs) and I'm sure KP knows firsthand about dealing with bio-pharma regulations.
$35,000 is a huge sum of money. I'm suggesting he sell the 40 or so bitcoin he purchased immediately at market price (~$550), cut his loses and move on. By doing so he would limit the damage and would only lose ~$12,700. Bitcoin will continue to fall and he will continue to lose money.
He won't get his money back from CoinBase and he is losing money every second he holds his bitcoin.
Losing money sucks. It happens to everyone who invests, gambles or takes a risk. Take your medicine, learn for your mistakes and be better tomorrow.
This is the same situation as Facebook's IPO with NASDAQ. Orders were placed $40, then cancelled, then filled at $40 six hours after the market closed (at which point Facebook was already trading below its IPO price).
Unless you are a massive financial institution with some serious clout/legal department, I recommend you cut your losses and move on.
Your time is much more valuable spent doing something else rather than the time you will spend trying to recover $X,XXX
I completely disagree with you. Local florists are to Target, as BloomThat is to Google Shopping Express. All the benefits of shopping online with delivery in less than 90 minutes. WAY more convenient than spending an hour driving, browsing, buying, driving.
And as Chad said below, they hold all florist to a high standard "to ensure quality across the board."
