In the USA there is The Genetic Information Nondiscrimination Act from 2008 that bars insurance discrimination based on your genes. I assume this will become a landmark law in the next 50 years as society becomes familiarized with routine blood (I mean gene) tests to drive preventive care to the next level
This is also an issue with subways. NYC subway, for example, originally had two different owners and they build their separate networks with different width so that one rail would not use the other. Today, they call it Division A and B trains.
Congratulations on the launch team! This is a great need and hope the team can deliver.
My questions are:
1 - Do you have any research on false negatives and false positives for your platform?
2 - How do you build trust in your platform so that users will use your results (and their users will trust it)? Fake news has been so widespread and people continue to believe in it, so why is that any different than with deep fake?
3 - Why are you trying a consumption-type of pricing? Cybersecurity typically charges on a per seat, and it would be very hard for a malware provider charge by 'malware detection'
"we achieved the highest quarterly operating margin among all volume OEMs, based on the latest available data, demonstrating that EVs can be more profitable than combustion engine vehicles."
At the end of 2020, the United States had 1,117,475 MW — or about 1.12 billion kilowatts (kW) — of total utility-scale electricity generating capacity and about 27,724 MW — or nearly 0.03 billion kW — of small-scale solar photovoltaic electricity generating capacity.
Solar went from 0.4 million kW in 2020 to 47.8 million kW in 2020
Pretty impressive S curve, still in the early-stages imo
"Most people underestimate what they can achieve in a year and underestimate what they can achieve in ten years". Over the past 20 years, we have the following mind-blowing breakthroughs, so there is a lot of reason for optimism:
- the FDA has approved about 190 new cancer treatments for adults, we have the Human Genome Program and CRISPR;
- graphene was isolated in lab and it is used in many applications (from solar cells to HIV diagnosis);
- bluetooth officially launched in 1999;
- we are on Mars with Curiosity and reusable rockets are a reality;
Mainly because they have a huge debt-pile. Had Hamdi had chosen to raise equity it would be profitable, albeit with a smaller ownership (typical in tech, no so much in food companies).
All in all, great company and congrats to this milestone
> As of July 31, 2021, we served 2,101 customers spanning organizations of a broad range of sizes and industries, compared to 1,473 and 831 customers as of January 31, 2021 and 2020, respectively.
> over 300 of the Forbes Global 2000 were our customers
>As of January 31, 2020, January 31, 2021, July 31, 2020, and July 31, 2021, our last four quarter average net dollar retention rate was 131%, 123%, 128%, and 124%, respectively.
> over 44% of our customers with $100,000 or greater ARR were licensing more than one product
>Starting with our results for the fourth quarter of 2021, we plan to break out Facebook Reality Labs, or FRL, as a separate reporting segment. As we have discussed, we are dedicating significant resources toward our augmented and virtual reality products and services
>We expect our investment in Facebook Reality Labs to reduce our overall operating profit in 2021 by approximately $10 billion. We are committed to bringing this long-term vision to life and we expect to increase our investments for the next several years.
This is a very detailed s-1. The 'Our Financial Model' starting on page 84 is a great way to understand how B2C companies make money:
> Our ROI calculation assumes an average of 20 lifetime turns per unit. Based on the average lifetime turns as of June 2021 of all items we acquired in fiscal years 2015, 2016 and 2017, we have determined that an item can turn a minimum of 20 times on average over its lifetime.
>When we multiply the item economics from fiscal year 2019 and the first six months of fiscal year 2021 by 20 turns, this implies total lifetime revenue of $445 and $536, respectively, and total lifetime profit of $212 and $324, respectively.
>Therefore, our product ROI has improved from 4.0x to 5.9x on a revenue basis, and from 1.9x to 3.6x on a profit basis based on item economics in fiscal year 2019 and the first six months of fiscal year 2021 applied over the expected lifetime of units, respectively. We believe we have the ability to drive improvements in product ROI over time as we continue to decrease our fulfillment expenses to improve profitability per item and use more efficient product acquisition channels to reduce upfront product cost.
> As of the date of this prospectus, the aggregate lifetime revenue commitment reflected by these agreements amounted to more than $19.5 billion, including more than $10 billion during the period from 2022 through 2023 and approximately $2.5 billion in advanced payments and capacity reservation fees. These agreements include binding, multi-year, reciprocal annual (and, in some cases, quarterly) minimum purchase and supply commitments with wafer pricing and associated mechanics outlined for the contract term.
> A key measure of our position as a strategic partner to our customers is the mix of our wafer shipment volume attributable to single-sourced business, which represented approximately 61% of wafer shipment volume in 2020, up from 47% in 2018
> In 2020, we shipped approximately 2 million 300mm equivalent semiconductor wafers
“Be curious, not judgmental” – Walt Whitman