Mitchhhs's comments

TransparentCareer has really robust compensation and satisfaction data for business roles and can be filtered and personalized very heavily. They also display the data in ways that make it more accurate and useful such as showing medians and allowing you to only see recent data. (https://www.transparentcareer.com)

I wonder if a similar proportion of drugs that work in Humans wouldn't work in mice. Are we missing out on a ton of potential?

This is a misconception that kind of bugs me. At the top schools they give a tremendous amount of need-based grants (i.e. money that never needs to be paid back). Elite institution grads are not the ones who have debt they can't pay back. Its people at middle of the road private institutions and many other scenarios that have this issue. You are confusing the sticker price with what the bulk of non-rich students actually pay which is far lower. This narrative bugs me because it is just incorrect and focuses on the wrong places as sources of a very real issue.

Its not always being just informed. Its the difference between knowledge and wisdom. You may know all these things up front and make the same decision to take VC because of other factors, prestige, the easy money, thinking you will be the billion dollar company. Then things don't go as planned, the rubber meets the road, and the cool sound of telling people you raised VC wears off. Then you realize why all of these articles are written and write one yourself.

Cannot agree with this more, thanks for articulating this so well. I definitely learned this lesson over time. In the beginning I just thought my lawyer would tell me what I should do. Then I realized that I should figure out what we should do and how I thought it should be structured and then use my lawyer to give advice, figure out how to accomplish what we wanted to do, and make it happen. It made the whole process more fun since it was nice to feel comfortable reading legal documents and thinking through the issues and everyone ended up better off.

Because a few teachers are instagram influences doesn't mean that "Teachers" as a profession are doing this widely. You could pretty much replace the word teachers with any profession and this would probably hold true.

Yeah but thats different. Theres a difference between charging zero to get a network and losing money as a business vs selling a product and losing money on every single unit of that product being sold.

Yeah that's the problem here its really hard to tell the difference between the two. Sometimes it feels like a "new economy" excuse.

Question, what is a good example of a market place that is now highly profitable where the unit economics/contribution margin were negative for a very long time.

Amazon is not an example, I guarantee they were making contribution margin on every book sold fairly early on.

"Xu said the company became “contribution margin positive” in the last year, which means that it’s profitable on a per-order basis. In fact, DoorDash has become profitable in its earliest markets."

Its funny this is a milestone for a company at this stage. Congrats you aren't losing money on every order!

I don't like when titles obscure the actual findings. It should be Alcohol abuse largest risk factor for dementia. Its not just drinking alcohol, its drinking alcohol problematically.

I feel like journalists are just trying every way possible to create an anti-tech sentiment. Crazy how fast things can change from all hail the tech titans to oh these tech companies are creating a dystopia. Theres way too much noise in every aspect of information these days to help society focus on the problems that actually matter.

Check out https://www.transparentcareer.com you can filter by any function in the organization, educational background, years of experience, recency of data, etc. We tried to include as much granularity as possible to avoid the issues with glassdoor. After you sign up, navigate to the career explorer, you should be able to get the information you need without being required to add a ton of personal information. More information is required if you want to get to the highest levels of granularity.

Can someone explain something to me:

So people mine bitcoin, which is really just validating the transactions on the network, and they get paid in bitcoin for doing so. However, they will receive fewer and fewer bitcoin over time because of the fixed supply. At some point doesn't mining become unprofitable, causing the network to crash. And if the price drops doesn't this exacerbate this problem? Would love some clarity here.

Is inequality a feature or a bug of capitalism? Seems like the general thinking is that its a feature in-so-much as it encourages innovation, entrepreneurship, etc. It seems like it becomes a bug when it reaches a level in which it creates a positive feedback loop of more inequality.

As with anything, i've noticed the discussion is really about how much, not should it exist at all. Almost every debate in American politics is painted as black and white, whereas the actual debate is where we fall on a spectrum. It seems like everyone disagrees so much, but really I think we are haggling over a slight deviation to the right or to the left and because we have to talk about everything in such black and white terms, the real discussion gets lost. We all agree on much more than we disagree on.

This is quite sad.

One thing i've been shocked by over the years is how often even well educated, highly intelligent individuals have a very poor education in personal finance and make terrible decisions. Theres just so much noise out there and its still crazy how much of the investment management industry exists despite showing negative value. If I had to sum up personal finance advice for the average person in a few bullets it would be this.

1. Invest in a well diversified portfolio that pays very low fees (vanguard funds for instance) 2. Do not try to time the market 3. Save as much as you can as early as you can - maximize your 401k/ROTH contributions 4. Never carry a balance on your credit card from month to month

And yet so much goes wrong...

The problem with pay transparency starts with the problem of determining compensation itself. If compensation could be a direct output of an algorithm that was highly accurate based on attributes of an individual that highly predict their market worth, pay transparency works well because people could agree that this person is being paid fairly. Also, if everyones pay could be dynamically determined it would help too. Basically, people get hired and get their salary set. Then new people are being recruited and market dynamics may have changed and now maybe a higher salary is required to attract this candidate.

I'm not being very articulate here, but i'd say the problem with pay transparency isn't the transparency part, but the actual process of determining fair/market-clearing wages for employees.

I don't really place blame with any one thing, but a mix of a bunch of factors. For the boat, they were motoring much closer to the side with the runway, instead of the side further away. Its not technically wrong, but if they were exercising any caution at all would have been farther away and likely out of our glideslope. On our side, we should have checked more deliberately that nothing was in our path. On base, I saw nothing, but the time we were on final I guess the boat had moved and was then in the way of the runway and neither I nor the pilot in command saw it.

Mostly though, I think there just should have been much more regulation given the number of parties operating in the same space.

Yeah id say this is pretty accurate. My memory of the event is non-continuous, meaning it is composed of very matter of fact thoughts and images not a continuous video. Overall, id say it is real time, though probably drawn out given the amount of thoughts I remember from what was probably 5-10 seconds of real time.

My direct memory is basically as follows:

1. Whoosh of pole, bang noise. 2. "Was that a sailboat" 3. See/feel the world rotate 4. "I think we are going to crash" 5. "I could die" 6. I don't actually remember the impact just flipping and all of a sudden seeing the ground above my head upside down 7. "I'm still alive...but its not over yet" 8. The glass shatters and we come to a stop 9. My friend asks if I am okay. I respond yes. 10. I quickly feel my face as i'm not sure how injured I am, there is some blood on my hands, but not a large amount. 11. I start to feel a burning sensation as some jet fuel and other chemicals are reacting with my skin 12. I start to panic as I realize the gravity of the situation and begin to call for help. 13. Just as I am beginning to really panic, I feel a hand reach in and the plane lifts up. 14. I undo my harness, as my leg moves for the first time, I realize a sharp pain in my foot. 15. I am pulled from the plane and dragged from under my arms with my legs facing the plane. I watch the plane get farther away as im dragged. 16. I am layed down and am instructed not to move until the paramedics come.

I have many thoughts on all of this.

1. Regarding solutions: This airport does not have a tower, so its up to the pilots to use the radio to announce intentions etc. To me, the core problem is that this does not loop in the boats and so there is no way to communicate. I think having the boats or some third party announce when a crossing is occurring would help. I also think, in response to this accident they moved the runway a few hundred feet further from the channel.

2. Regarding blame the NTSB actually ruled it pilot error, but I think that is myopic and only because there wasn't really anything else they could say since their jurisdiction doesnt extend into the rules of boats. Technically it is pilot error, but there were other errors as well from each side that all combined.

3. In terms of fear of flying, im actually okay. I had to fly twice per week for work for many years following this. Sometimes i'd have some flashbacks or bad thoughts, but overall don't have an issue. I've also been back up in a small plane just to do it. That said, I view commercial airplanes as completely safe and have no real fear with them. With small planes theres just so much can go wrong. The planes are not the issue, they are safe themselves. However, because of many small airports not having a tower, the lack of safety comes from having to deal with many other factors at play. I want to fly again later in life, its amazing and I have a love of planes. At this point though I feel like it would be pushing my luck so don't really do it.

So at this airport, there is a shipping channel you fly over right before the airport (the airport is on an island). However, this sailboat was motoring closer to the airport side and didnt have any sails up making it harder to see. Also, we were in an Extra 300, which is a tail dragging aircraft so we couldnt see over the front cowling. We impacted the boat at 40 feet, so gives you a sense of how close it was to the start of the runway. I didnt notice anything until all of a sudden I saw a pole whiz past the right side of my field of view and heard a bang. Next, thing I know we are rotating upside down, I feel an impact, then watch as the ground slides by a foot above my head (the aircraft has a glass canopy). Was conscious the whole time. Ended up pinned between the aircraft and the ground hanging upside down in my harness. Just typing this makes me think, oh yeah that actually happened.