Readit News> received funding from Silicon Valley investors like 8VC in San Francisco and Andreessen Horowitz in Menlo Park, which hold 22% and 10% stakes in uBiome, respectively
Shouldn't we expect long-established and well-respected VCs to do a very heavy due diligence, both initially and perhaps even more importantly continously to ensure something like this doesn't happen? Especially in the health field. I mean, the VC brands are used as a stamp of approval.
I can't speak about any specific company, but there are several VCs that specialize in life sciences and medicine and have people with the requisite expertise to evaluate claims on their team (or know the people to talk to in order to get it). The average tech VC might not have a deep bench of life sciences people to validate specific tech with, may not know the experts in the field, and may not know how the industry varies from tech.
Here's a hint: if you are starting up ANY company involving any type of biotech or medical application and there are no people with STEM degrees running it or on the board, 90% chance it's fraudulent. STEM smarts is not something you get out of a crackerjack box. And especially NOT with biotech or medical.
Exactly like with Theranos, ANYONE who invested in this and didn't see this coming or do enough due diligence to, simply deserves to be fleeced!! No sympathy.
Similarly, if the company won't validate their tech in peer reviewed journals, they are full of shit. I strongly suspected fraud years before it was acknowledged because Theranos was citing "trade secrets" for why they couldn't release any data about their tech. We don't do trade secrets in medicine or science, and this is precisely why.
Thriptic commented on San Francisco apartment rent prices are dropping fast cnbc.com/2020/07/01/san-f... · Posted by u/undefined1
Yeah, Boston wants you to be going home at 12AM, when the last trains are leaving their stations, and they force bars/clubs/restaurants/etc to be closed by 2AM, period.
It makes me miss the random industrial city in another country I lived in for my MSc. Admittedly, that's one of my favorite cities period, but it had night-owl bus lines, including BRT. You could go out at 20:30, stay out until 04:30, and get home at 5:45.
Preach. Boston is damn near overly hostile towards young people. They hyper regulate all activities and services that young people want to participate in or use as you point out, do nothing to reign in housing prices, and then are shocked when they have a hard time retaining talented people after they get their degrees. It's absurd.
Deleted Comment
Thriptic commented on Career Choice Tip: Cybercrime Is Mostly Boring krebsonsecurity.com/2020/... · Posted by u/todsacerdoti
You don't think crime is more exciting than a desk job?
It's largely arguing that most of the cybercrime jobs basically are desk jobs. It principally says two things.
First, that most jobs in cybercrime involve selling services to end users and whenever you sell services you not only have to provide customer support which sucks but your customers will have reliability and usability expectations which become annoying to fulfill when you have to maintain your infrastructure in a clandestine way.
Second, most of the positions in criminal orgs involve low skill bitch work because if you had the skills to do the real programming / security / ops work required to do more creative cybercrime then you could easily go get a legitimate job with great pay or go do your own thing.
Would it be any different if it was a police helicopter manned with a guy with a video camera?
Well, first I can almost guarantee that the surveillance tech being employed on a predator drone is substantially more advanced and wide ranging than a simple human operated video camera, but I also don't think it's a good idea to have guys with video cameras in helicopters recording protests either unless it's to film illegality. It has a chilling effect on the exercise of free speech. Peaceful protesters really shouldn't be getting surveiled / data gathered during protests shouldn't be getting mined, and unless authorities can guarantee that isn't happening then recording makes me uncomfortable.
Under your logic, any time the government breaks a law and harms me, I am automatically entitled to disregard the law as well and retaliate. If government can't follow the law, why should the people? It's pretty easy to see why we don't want to live in a society where rule of law is disregarded.
I don't really see the issue here with a surveillance drone to help keep the peace. I don't really care if it's "military technology" or not. Look, what happened was absolutely awful. People have a right to protest - and should, but peacefully. Riots, looting, burning buildings? Sorry, that's going to far.
If the government starts firing rockets at people from that drone - well that's another story. But that is clearly not what is happening here.
The issue is there is no transparency about what is happening with the data that is being collected.
This is one reason why we have the patent structure, so people can publicly disclose data for validation purposes and still make a substantial profit.