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Re: Community Ownership? - http://continuations.com/post...
"I spent time on USV sharing some thoughts on this subject because it overlaps with a subject I've been thinking about a lot. I'm not too sure about the user experience on USV. There's very little feedback. I can see why you as a company would be keen to create a different forum after Fred's blog became more noisy and perhaps started generating less insights. But the advantage of Discuss is that does at least generate interactions. Posting on USV is currently like throwing a stone down a well." - David Semeria
Re: Some Thoughts On Seed Investing - http://avc.com/2015...
"That leaves quite a big gap between $1mm and $3mm. The market is inefficient for rounds which are bigger than seed but less than series A. I'm not speculating; I know this to be the case." - David Semeria
Re: BIG and BOT Policy Proposals (Transcript) - http://continuations.com/post...
"Even though I think BIC is unworkable, I think your passion for it is inspiring. It's perhaps ironic that a person whose job entails saying no to business ideas on a regular basis decides to promote with such force an economic idea that faces the same obstacles." - David Semeria
Re: Feature Friday: Back Up iPhoto To Dropbox - http://avc.com/2015...
"Very good Jim!" - David Semeria
Re: Feature Friday: Back Up iPhoto To Dropbox - http://avc.com/2015...
"You're lucky the photos were on your wife's machine and not yours. If lost our kids' photos I'd be on the next plane to South America, wearing a false mustache." - David Semeria
Re: Deep Web Marketplaces - http://avc.com/2015...
"Yes, but the strong highly reputable profile would not link back." - David Semeria
Re: Deep Web Marketplaces - http://avc.com/2015...
"That tells me there will be many marketplaces, because a wise seller would not put all of his reputation in one basket. So no dark Amazon or eBay?" - David Semeria
Re: Deep Web Marketplaces - http://avc.com/2015...
"I was wondering how a seller's reputation could be maintained across anonymous marketplaces when I noticed someone else had asked the same question on Joel's blog. The answer is ingenious: a seller interlinks his profiles on the various marketplaces. Since a seller would never link to a fake profile, this is a kind of identity validation by action. Fascinating." - David Semeria
Re: TEDxNewYork: BIG and BOT Policy Proposals - http://continuations.com/post...
"As long as the hub doesn't become self-aware, we should be ok ;-)" - David Semeria
Re: Topic Mining AVC - http://avc.com/2015...
"Fred, I think you and Burga should point out more strongly his analysis is not based on your manual tags for each post (as was my initial impression) rather it's based on actually mining the text. When this is clear, Burga's analysis of AVC becomes much more interesting...." - David Semeria
Re: TEDxNewYork: BIG and BOT Policy Proposals - http://continuations.com/post...
"As I have mentioned before Albert, I can see a lot of problems with UBI which I won't rehash here. But I just wanted to say that the way you structured your talk was first rate. You communicate your ideas exceptionally well. One quick point regarding the personal bot: since a bot would interact with an end service API in the same way the "official" client app does, I can see no reason why a bot could not carry out any action which the client app can (the API just sees requests, it doesn't know which software originated them). I see the problem not so much with allowing the bot API access -- because the bot could just obtain an API key by taking the same actions the client app would -- I see the problem in encoding all this API logic (eg the login sequence just mentioned) for every service the bot seeks to emulate." - David Semeria
Re: Feature Friday: US Dollar Wallet - http://avc.com/2015...
"Rather than a way to "own bitcoin" I would have said "pay in bitcoin" without taking price risk (of owernship)" - David Semeria
Re: The Canvas Spindown - http://avc.com/2015...
"I understand your point, but people know beforehand that most startups fail -- that's the difference. Upon further reflection I can see that Canvas was a pretty unique case and that it's not feasible to try and make what they did best practice." - David Semeria
Re: The Canvas Spindown - http://avc.com/2015...
"It's different from a pre-nup because the money would go to charity." - David Semeria
Re: The Canvas Spindown - http://avc.com/2015...
"I was just wondering whether Chris' idea of donating the cash left to charity is scalable. Given many VCs can't give the same reply as yours, I suspect it's not." - David Semeria
Re: The Canvas Spindown - http://avc.com/2015...
"Hats off to Chris for going beyond the call of duty. I'm curious as to what happens when the company has no cash left for the wind down. Who pays for the liquidation?" - David Semeria
Re: The Canvas Spindown - http://avc.com/2015...
"So Fred, how did USV overcome its fiduciary duty to its LPs? Did they have to explicitly wave the 1 cent / $ return? If so, sounds messy." - David Semeria
Re: DIY vs Delegate - http://avc.com/2015...
"Great list Fred. But those of many of the qualities you would expect to find in a founder." - David Semeria
Re: Secular Stagnation: GDP is the Wrong KPI - http://continuations.com/post...
"Yes, but indirectly and in a regressive manner. See my reply to KidMercury." - David Semeria
Re: Secular Stagnation: GDP is the Wrong KPI - http://continuations.com/post...
"Yes, but the effect that you're highlighting is regressive, in the sense that it hits poorer people proportionately harder. If the citizens of a country were *progressively* liable for the country's debt obligations, then you'd have millionaires selling their villas to pay off their (pro-rata) portion of the nation debt. I'm pretty sure something like that has never happened. But getting back to you original point, I believe that rather than debt itself, the problem in recent years is with how debt has been perceived. Rather ironically, the Italian word for bond is "obbligazione". It conveys the notion that taking on debt implies a responsibility to repay it. In this context, both Italian politicians and American consumers have one important thing in common: the use of debt to move today's problems onto tomorrow. When viewed in these "moral" terms (the obligation to repay) then the actions of both seem very irresponsible to me." - David Semeria
Re: Secular Stagnation: GDP is the Wrong KPI - http://continuations.com/post...
""...given that citizens are responsible for the debt of the nation-state" I've spent hours thinking about this and I'm still not sure this is the case. Take a country that I know well, Italy. As a state it has well-documented debt problems, but the Italian population continues to have one of the highest saving rates in the world. If Italy ever defaulted would there be legal recourse to its population's savings? I don't think so. But at that point what is meant by state? How can a state be a separate legal entity from its citizens? Rather than debt, I think this division is the basis for many of the West's problems. It may make sense for the shareholders in a company to have limited liability, but I don't see how you can extend the same concept to nation states." - David Semeria
Re: Secular Stagnation: GDP is the Wrong KPI - http://continuations.com/post...
"Debt is a tool, and as such it can be misused. I remember a number of investment handbooks recommending that rather than putting you first savings into stocks or bonds, you should get a mortgage and buy a house -- because it's the only investment you can live in. There has been much misuse of debt, both at the corporate and consumer level, but that isn't an argument against debt itself. It is an argument against the *availability* of credit..." - David Semeria
Re: Secular Stagnation: GDP is the Wrong KPI - http://continuations.com/post...
"Thanks Albert!" - David Semeria
Re: Secular Stagnation: GDP is the Wrong KPI - http://continuations.com/post...
"I made an off-the-cuff comment above saying it would be fun to crowdsource the KPI basket and weights, then I spent a few minutes on http://www.oecdbetterlifeindex... and it really got me thinking... The OECD site is a brilliant first step. It allows users to choose the weights for the basket, but unfortunately not the contents of the basket itself. The company I work for specializes in crowdsourced opinions (different from surveys because the list of responses is not fixed in a top-down manner, rather it's created dynamically bottom-up) I'm now thinking how cool it would be to create the world's first crowsourced economic/social metric, where both the basket and weights are decided by the people, and would hence represent a true reflection of what's important to them. Thanks to everyone for the input here !!!" - David Semeria
Re: Secular Stagnation: GDP is the Wrong KPI - http://continuations.com/post...
"Thanks for the link, that's very interesting." - David Semeria
Re: Secular Stagnation: GDP is the Wrong KPI - http://continuations.com/post...
"We could take a weighted basket approach, similar to CPI. Here's a quick example (without weights) off the top of my head: - Average life expectancy - Average time spent commuting - Average time spent on recreation - Net savings/debt (excluding mortgages) - Access to education (places available) - Cost of education - etc... It would be fun to crowd source this list - and I know just the tool for job :-)" - David Semeria
Re: Secular Stagnation: GDP is the Wrong KPI - http://continuations.com/post...
"I think most people would agree that GDP is too one dimensional to accurately capture variations in aggregate value added (in the widest possible sense of the term). The key question is what do you replace it with? A good KPI (or composite KPI) must be easy to compile and, importantly, allow for backwards projection. We need something like The Economist's Big Mac Index for PPP." - David Semeria
Re: Code Execution: Where Are the Clouds Headed? - http://continuations.com/post...
"Given the value I get from your posts Albert, it's good to give something, even very small, back." - David Semeria
Re: Code Execution: Where Are the Clouds Headed? - http://continuations.com/post...
"The only downside is that you really can't get away from learning Scala to use it effectively...." - David Semeria
Re: Code Execution: Where Are the Clouds Headed? - http://continuations.com/post...
"The official site is the best place to start: https://spark.apache.org/ If I had to bet on one OSS project for the future, it would be Spark." - David Semeria
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