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matrix commented on I lost $209k of my own money trying to start a business   mostlymetrics.com/p/i-los... · Posted by u/cjgustafson222
andsoitis · 3 years ago
The first heading reads “marketplace for last-minute tours and activities”, followed by a paragraph that says “industry where 80% of bookings were still done using pen and paper, months ahead of time”

How is something done both “months ahead of time” and “last-minute”?

matrix · 3 years ago
The answer is: he didn't understand the business. There tens if not hundreds of competitors, and yet the tour operators still taking bookings over the phone. That tells you a lot.

The market is ruthlessly efficient. If something has a low barrier to entry, like his idea, then it's absolutely 100% guaranteed that someone else has tried it. Would-be founders need to do a brutally honest assessment of why they are going to succeed where others have failed.

matrix commented on I lost $209k of my own money trying to start a business   mostlymetrics.com/p/i-los... · Posted by u/cjgustafson222
matrix · 3 years ago
Not mentioned in the article: the market which this person was trying to enter is saturated with competition. These tour operators are bombarded with pitches for these things every day, and of course every one of them wants a cut of their hard earned revenue. It's a bad deal for a small business owner. They take all the risk, invest all the capital, while some SV firm comes along and kindly offers to scoop all the cream (margin) off the top.

So, this business failed due to a combination of lack of knowledge of the market and were not addressing a truly burning need for customers.

matrix commented on Learn Postgres at the Playground – Postgres compiled to WASM running in browser   crunchydata.com/blog/lear... · Posted by u/samwillis
matrix · 3 years ago
Hats off to the engineers who pulled this off.

This is not the first time someone has gotten PG running in a browser though. Here's another approach:

https://github.com/oguimbal/pg-mem

matrix commented on One in 5k: The Real Chances of a Breakthrough Infection   nytimes.com/2021/09/07/br... · Posted by u/rafaelc
matrix · 4 years ago
For those that can’t access the article, here’s the key sentences:

“In recent weeks, however, more data has become available, and it suggests that the true picture is less alarming. Yes, Delta has increased the chances of getting Covid for almost everyone. But if you’re vaccinated, a Covid infection is still uncommon, and those high viral loads are not as worrisome as they initially sounded.

How small are the chances of the average vaccinated American contracting Covid? Probably about one in 5,000 per day, and even lower for people who take precautions or live in a highly vaccinated community.”

matrix commented on Retailers are spending millions to combat organized theft from stores   wsj.com/articles/cvs-home... · Posted by u/juokaz
matrix · 4 years ago
Amazon's co-mingling of inventory facilitated large-scale theft by enabling stolen goods to be sold along-side legitimately sourced items. One has to wonder: at what point does Amazon's reluctance to improve supply-chain integrity venture into the territory of aiding and abetting crime?
matrix commented on A layman’s guide to recreational mathematics videos   samenright.com/2021/08/31... · Posted by u/MajesticFrogBoy
matrix · 4 years ago
Has anyone found similar good-quality mathematics videos for young (elementary school age) kids?
matrix commented on Expanded Protections for Children   apple.com/child-safety/... · Posted by u/robbiet480
matrix · 4 years ago
This feature is a big plus for parents. It's hard to appreciate how hard it is to protect kids online if you don't have kids yourself. I get that those without kids will find it intrusive, but it sounds like these feature are opt-in.

I consider iOS to be the best platform for kids today. That said, Apple: if you're listening: please tighten up parental controls around time limits and re-loading apps!

u/matrix

KarmaCake day1199May 12, 2009
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Hacker (mainly Python and Java), entrepreneur, skier, mountain biker. Located in Utah.
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