We've been seeing this in both San Francisco and New York and every week it just seems to increase. Most of our moving company partners who never pay attention to any data are also starting to notice a pattern of wealthy residents moving out.
Could this be a sampling effect? If you have traction in SFBA then many of the moving searches you see will necessarily be out of SFBA. And conversely: if you don't have broad coverage, you won't see searches from the hinterlands about moving to large metros.
"Why Nations Fail" offers a pretty compelling framework for why some countries are stronger than others. Changed my thinking on the role of government.
I assume any VC getting into a business with that requires lots of human labor is just trying to find a bigger fool. I don’t see what the play is if a business can’t drive down marginal costs, which surely nursing home labor can’t unless they’ve developed a machine to change bedpans.
Very interesting article on earnest and very well done. The author seems to argue that there is a bond like investment instrument that SaaS are starting to become. The S curve the author talks about is a continuum in my limited observation. There are companies at EVERY ONE OF THOSE points i.e. in the past as well as in the future there are commodity companies. It is not clear to me why he target SaaS to be that.
As a tech founder in B2B I would go even further and say the idea nor technical implementation matters much, what's important is how well you can build relationships with your prospects, how you can sell it, and hire people to help you scale it up
I wouldn't go that far. All those things are important. I'm a tech founder too, but for some more credible citations, I'll defer to Sam Altman[1] and PG[2].
> It's become popular in recent years to say that the idea doesn't matter. ... But the pendulum has swung way out of whack. A bad idea is still bad and the pivot-happy world we're in today feels suboptimal. Great execution towards a terrible idea will get you nowhere. There are exceptions, of course, but most great companies start with a great idea, not a pivot.
I think the most important thing is managing to convince dozens of sweat-shop, conveyor belt startups per year to give you equity for almost nothing, thereby guaranteeing at least some equity will eventually be worth billions merely by chance. Good job, YC.
