now the decision to take it public may have been motivated by sequoia's launch

my guess is that there must have been some gambling law requiring that there be a method to enter for free.

never got the top prizes but our mailbox was full of random things that confused my parents.

I heard the dot com bubble "garbage" was full of companies with no revenue, no customers, etc. I'm not sure many of the high growth tech companies burning $$s are cut from the same cloth though as they really do have products and customers in the present; it's just that the market expects an insane number of new services/customers in the near future...

For example, I'm guessing customers can't just cut off Snowflake easily (time wise and effort wise) so the cashflow would remain stable for a while. As long as they don't need to do a secondary offering (and have some cash), wouldn't they be able to weather a storm? Perhaps at the cost of some massive layoffs/refinancing but would still prevent an actual collapse?

However, I disagree that this is "quick" money or just a fad. The value of this AI for sponsorships/ads comes more from a team of actual people that scan social media to search for trends, photo styles and carefully helps curate its presence. For example, look at how the first "photo" in the article is created. Notice how the AI isn't looking at the camera? Or how the perspective is somewhat tilted? Overall, the image has many subtle details also very in line with how many millienial/gen-Z Korean girls upload birthday photos from cafes on Instagram.

It feels like Rozy represents a broader movement towards abstracting out the elements that make us resonate with a brand or image more. I think brand strategists and marketers have figured out that the model is more of a vessel to store and convey those elements/emotions and for particular types of ads there is no real need for the model to actually exist in reality. Think about how many ads where you don't know the model in any other context.

Rozy probably adds more value than the nameless models in some sense because there's a persona/brand the team has built up in social media/other ads. Definitely not easy money.

Were most people in 2011-2015 aware of the "AWS / Ad explosion" that was about to come? Or did we know ex ante that Amazon was willing to shift their focus towards these units? Likely not, but the high multiples (despite the retail margins dragging down the gross margins) suggest that a large portion of investors were willing to bet that better units with protective moats (i.e. AWS) were coming soon.

I don't follow Tesla as much, but it seems difficult to dismiss that some of their business units won't follow high-growth/high-margin paths. What if their FSD software is licensed out? What if the supercharger network is shared with other EVs for a per-charge fee? Given Musk's personality, I can see investors taking on risk and betting that he'll be bringing something better than just selling cough regulatory credits cough cars. It makes me wonder if Tesla losing market share in the EV market will be the ultimate catalyst for this shift.

That being said, I agree with you that the market has "priced in" all these what-ifs for Tesla with extremely high expectations of success -- which did not seem to be case for Amazon. A slip or trip in car sales these days doesn't seem to move $TSLA much - investors that are long seem to be betting on other stuff and we'll see how patient they are in times to come.

Plus, if you spread out the reading over a few days/weeks, you can apply what you've learned throughout the day as you read along.

as expected, slight delay when you switch countries (and thus carriers). it also gets a little confused at the borders of Switzerland/Germany.

I'm aware there can be many reasons for this but I couldn't help but wonder if Robinhood was baking in some hidden fees.

the choice of listing has nothing to do with the monetary unit of trade ($, euro, btc, doge etc). the exchange simply enables them to trade the equity of their company. NASDAQ/US is just the most liquid one (and likely where their immediate investors past and future are going to have access to already)

but perhaps I'm not aware of alternatives where one can trade equity in the crypto/defi market?

happy to learn if you point me to the right places.

Comments URL: https://news.ycombinator.com/item?id=26631619

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also, I spoke with a junior analyst at a bulge bracket recently and apparently he had signed for his next job in PE before he even started his analyst job...