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David Semeria › Comments

David Semeria
"You've been amazingly lucky with the weather Fred. It's been the worst summer I can remember here." - David Semeria
David Semeria
Re: An Extended Vacation - http://avc.com/2014...
"Not *all* night Arnoldo ✌" - David Semeria
David Semeria
Re: The Unbundling of Scale - http://continuations.com/post...
"Broken record here. This again emphasizes the value of the local franchise. I always remember Peter Lynch's lesson on gravel pits: when transport represents the majority of the final cost and product differentiation is negligible, you'll very likely find yourself using local suppliers. Same goes for plumbers, electricians, car repair shops, hair dressers, dentists - the list is actually quite long -- and the list's length makes my point. An intermediate good like steel is an interesting example. A foreign supplier becomes interesting only when the extra transport costs don't outweigh the initial saving. This probably explains why the US has maintained a capacity to produce raw steel but has ceded many labour intensive manufacturing jobs to foreign companies. So you're right that services like AWS or Rackspace allow small companies to benefit vicariously from the scale of their suppliers, but the key question remains the same: to what extent can a given company effectively supply its..." - David Semeria
David Semeria
Re: Freemium In Education - http://avc.com/2014...
"Reputation on the web can frequently be an empty concept. Who cares how many badges you have on Foursquare? Or how many followers you have on Twitter? (What counts on Twitter is the followers/following ratio, not the absolute number of followers) Then again, not all reputations are created equal. A good Stackoverflow score is something to be proud of, to be sure . But this is where I think Duolingo has a huge opportunity. Unlike app localization, for which there are many companies who will translate your UI into Cantonese, there exists -- as far as I'm aware -- no equivalent service for UGC. The web is becoming ever more global, but language translation (especially for UGC) remains an unsolved problem. Duolingo has a clear opportunity to do for translations what Stackoverflow did for for technical support. And it all hinges on a respected measure of reputation." - David Semeria
David Semeria
Re: Video Of The Week: New Tools For Filmmakers - http://avc.com/2014...
"Yes, it's hard to disagree with anything that was said during the video." - David Semeria
David Semeria
Re: Video Of The Week: New Tools For Filmmakers - http://avc.com/2014...
"This is the first time I've seen Andy on Video (although I've read a lot of his stuff). He came across very well, as did Jason." - David Semeria
David Semeria
Re: Fun Friday: How Do You Take Your Coffee? - http://avc.com/2014...
"With those ingredients I suspect it just makes you *think* you're skiing better ;-)" - David Semeria
David Semeria
Re: Fun Friday: How Do You Take Your Coffee? - http://avc.com/2014...
"It is!" - David Semeria
David Semeria
Re: Fun Friday: How Do You Take Your Coffee? - http://avc.com/2014...
"Irish coffee is one my favourite beverages Richard. It was invented to calm the stomachs of passengers on transatlantic sea planes during the Irish stopover. However, it's quite different from caffè shakerato which is ice cold and contains no alcohol -- even though it's made in a cocktail shaker. The white head is simply the foam formed from vigorous shaking." - David Semeria
David Semeria
Re: Cassandra: tuning the JVM for read heavy workloads : Developers @ SHIFT - http://tech.shift.com/post...
"Highly useful information, presented very clearly. Many thanks!" - David Semeria
David Semeria
Re: Fun Friday: How Do You Take Your Coffee? - http://avc.com/2014...
"Caffè shakerato. Made with crushed ice and vanilla." - David Semeria
David Semeria
Re: The Pro-Rata Opportunity - http://avc.com/2014...
"That is clear. But the outcomes for the LPs would be the same in both cases. I suspect the reason is to keep each fund's performance separate so it can be compared like-for-like with similar funds." - David Semeria
David Semeria
"That reminds me of the Bill Gates quote regarding years and decades. Again, I'm not sure I agree 100%." - David Semeria
David Semeria
Re: The Pro-Rata Opportunity - http://avc.com/2014...
"If LP's are obliged to invest in both funds, I'm struggling to see the difference between two smaller funds and one big one." - David Semeria
David Semeria
"Albert, I don't want to sound like a broken record on this issue, but I still think you're overestimating how great the impact of technology will be. In many respects it's easier to create a self-driving car than a robotic plumber or carpenter or electrician. This is because the application domain for a car is actually much easier to define than for the others. If you've ever tried to install a fridge in a unit that was not designed to hold a fridge you'll know what I mean. I agree that many jobs -- where the application domain is more easily defined -- could shift either to other humans offshore or to machines. This includes previously "safe" professions such as doctors, lawyers, accountants, etc. But I see a large rump of professions that will be safe, given the necessity of either physical intervention and / or unpredictable application domains. We have a good track record of overestimating the impact of technology. Blade Runner is only five years from now..." - David Semeria
David Semeria
Re: Independent Directors - http://avc.com/2014...
"There's a lot wisdom there, JLM. Managing a board is like playing chess: it's not enough to know the rules, you also need know the most common gambits. A bit like being a politician, sort of." - David Semeria
David Semeria
Re: Independent Directors - http://avc.com/2014...
"Yes Charlie, that was a cracking post." - David Semeria
David Semeria
"Thanks an amazing clip, thanks for sharing. There were more insights into Job's psyche than in countless articles I have read." - David Semeria
David Semeria
Re: SeeChange: Video Will Be Everywhere (What Do We Want?) - http://continuations.com/post...
"I think we both agree regulation is pointless in this context. Real life will become like the web: default public (ie potentially captured on camera) unless expressly stated otherwise. It's interesting to think about Egger's monopolistic corporation in the light of Fred's recent post on winner-takes-all platforms -- in the sense the former is invented, whereas Fred's examples are not. If we can imagine a world in which millions (billions?) of live video streams are stored, indexed and searched, then we are also a forced to consider a world in which one dominant platform becomes the authoritative source for this information. Whilst the ability of one single organization to shape the future remains in the realm of science fiction, the ability to shape the recent past possibly might not..." - David Semeria
David Semeria
Re: Be Nice Or Leave - http://avc.com/2014...
"But I remember you saying on the blog several years ago that you frequently get low scores for empathy in psychology tests....." - David Semeria
David Semeria
Re: What Seed Financing Is For - http://avc.com/2014...
"Bingo Arnold!" - David Semeria
David Semeria
Re: What Seed Financing Is For - http://avc.com/2014...
"The "man" is the person deciding whether or not you've achieved PM fit. Given that most VCs are men, I'm comfortable with what I wrote." - David Semeria
David Semeria
Re: What Seed Financing Is For - http://avc.com/2014...
""One person's meat is another person's poison" -- just doesn't sound right." - David Semeria
David Semeria
Re: What Seed Financing Is For - http://avc.com/2014...
"Well, a lot depends on how you define product / market fit. One man's thousand users is another man's million." - David Semeria
David Semeria
Re: Blended Learning - http://avc.com/2014...
"Blended learning sounds similar to the Montessori approach. I'm a huge fan of making school fun, and of creating an environment where children learn rather than being taught. I also read this very interesting BBC article about a school in NYC which has been taking this approach for years." - David Semeria
David Semeria
Re: The Coming Information Age (Possible Book Outline) - http://continuations.com/post...
"I think your outline covers a lot of ground Albert. What is perhaps missing is a description of the overarching thesis. For example, I'm a fan of Darwinism as applied to many areas, not just biology. I think this was the key problem with Communism: it contained no mechanism for natural selection. If I understand your thinking correctly, you're saying the overall rules of the game will remain Darwinian, but the features necessary to prosper are undergoing very profound change. I think the reader would appreciate a simple such summary (an elevator pitch if you like) -- it's something they can keep in mind as they process the various sections of the book." - David Semeria
David Semeria
Re: Greatest GIF Ever - http://avc.com/2014...
"David Karp: Thank you, Mr. President, for inviting Tumblr to your house. President Obama: Well, it's a rental house Quality." - David Semeria
David Semeria
Re: Technology, Time Preference and the Return on Capital (Companies) - http://continuations.com/post...
"Indeed. But how can one "buy attention out of cash flow" if one needs attention to get the cash flow in the first place? I agree that attention is the scarcest resource of all, but there is a finite number of Kickstarter projects I can get organically interested in per month. After that, my attention is essentially bought..." - David Semeria
David Semeria
Re: Technology, Time Preference and the Return on Capital (Companies) - http://continuations.com/post...
"Albert, I think you're only looking at half of the equation. If it's true that it's now much cheaper to get into business, that must also be true for your competitors. In other words, the capex barrier has simply been moved from the launch to the traction phase. I would argue that bottom-up, zero SEM, initiatives like Google, Facebook and Twitter will go down in history as statistical blips. In a market as efficient as the web, access to capital -- I believe -- will represent a key advantage, simply for the exposure it can buy." - David Semeria
David Semeria
Re: This Is What Happens When You Let A Monopoly Own The Last Mile - http://avc.com/2014...
"This is remarkable and, to us Europeans at least, pretty un-American. What was the logic in allowing local communication monopolies?" - David Semeria
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