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thesirencult · 6 months

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Hundreds of Start Ups Will Fail In the Next 2 Years. Here Is Why :

“Throughout history we witness continual cycles of rising and falling levels of the irrational. The great golden age of Pericles, with its philosophers and its first stirrings of the scientific spirit, was followed by an age of superstition, cults, and intolerance. This same phenomenon happened after the Italian Renaissance. That this cycle is bound to recur again and again is part of human nature.” ― Robert Greene

I would argue that for the past 200 years we have been going through a period who will later be considered by historians "The Age Of Irrationality".

In such a miniscule amount of time we've gone from farming to building factories, from entrepreneurs to influencers and bloggers.

Imagine you met a man from 1870 and you told them 16 year olds would be making millions from a machine that connects them to the whole entire world in milliseconds.

Historical/Dialectical Materialism, is a term that emerged from the theories of Engels and Marx. In simply terms, it says that for every drasis/thesis there is an antidrasis/antithesis and through change, the final product, synthesis is produced.

Synthesis is balance. We have long forgotten that word. We chose to forget that an antithesis will always follow the thesis.

A prime example of irrationality in our culture is the glorification of start ups. When all the facts point North, we take the road to South. Logic goes out the window and start ups like WeWork raise millions (IF NOT BILLIONS) of dollars even though they offer nothing new.

How can a business run for years on years, raise money and not generate PROFIT.

We humans like to think we have progressed. We no longer fall victims to "fast money" and cultish leaders. But we do.

We trust "geniuses" running on psychedelics with our money.

These people are playing chess. This is " The South Sea Bubble" all over again.

Even though a small percentage of start ups offer true value to society and are worth every penny invested on them, others are nothing but glorified horse shit.

Would you buy a ship that was not built but the "owner" claimed it is the fastest ship ever built ? No. You would first want proof. What if you paid the person that had the idea millions of dollars and after 5 years, a boat was all they have made ?

So why do venture capital investment companies with countless of analysts "fall victim" to this. Either they are expecting the company to go public and people to run to buy stock because guess what ? "Microinvestors"(you, me and your aunt) follow the motions of "Macroinvestors" (wall street boys, private equity firms, investors who have reached celebrity status) or they themselves act irrationally.

I would like to hear your thoughts on this women in tech, finance or business in general. Do you agree with me that the start up bubble is finally bursting or is there something else (besides the silent recession) going on?

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csuitebitches · 2 years

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Things I Learned from my Start Up

And things I wished business school had taught me.

Very important to understand contracts, shareholders agreements and legal things. Get the best lawyer money can buy

Equal equity split (all cofounders hold the same amount of shares) can turn some investors off because of dilution

It’s very important to do constant MVPs. It’s the most cost effective way at building a physical product. Check MVP types online to see what resonates with you the best

Understand the finance and costing even if you are not the CFO

Bootstrap for as long as you can. Getting an investor is an achievement but remember - it’s a massive responsibility. If you can pay for certain expenses on your own, keep it that way

Diversity has its pros and cons. People from different backgrounds can interpret things differently. Make sure you follow up to see that they’ve understood

We used free apps like Trello (task management) and Toggl (time management) for the team

Use fiverr to outsource your work like data research, market research, doing tasks that are monotonous and do not require too much decision making

Enter pitch competitions, even if you aren’t ready. It will shape you up and teach you things about your own product that you may not have envisioned. Use LinkedIn to source them out

Use Crunchbase to look for your competitors. Don’t be delusional and say that you’re so unique that you don’t have competitors

10 survey responses that say they’ll buy from your business ≠ actual sales

Y Combinator has a free entrepreneurship course. It’s short and doable. Definitely do it.

Weekly team meetings are a necessity

Triple check the pitch deck before you present

Can’t trust all long term employees- time does not equate necessarily equate trust

Give and receive a receipt for every single transaction

Note down every single transaction that goes and comes in, regardless if it’s cash or card

Credit notes should not be used for large amounts

Minutes of the meeting are important. Ensure it’s signed off by attending members

Bitching/ gossiping about an employee or cofounder will find a way back

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sporkfan14 · 2 months

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If rich people could stop being stupid and giving huge amounts of money to unproven technologies (AI, crypto, social media, apps, .coms, etc.) and then expecting massive returns from something that anyone could tell you was never going to be profitable (what does it do? who is going to pay real, actual money for this?) that would be great.

They've been doing this with a new boondoggle every 5-10 years for my entire life and you'd think they would have figured it out by now but nope, they're still stupid as fuck. And the rest of us now get to live in a world where houses cost 2/3 of everything an average person makes in a lifetime and rent is even higher. Thanks rich morons.

#fuck ai #fuck crypto #capitalism #eat the rich #start ups

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dykefaggotry · 5 months

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I've never played a more perfect card in the 10 years I've been playing this game

#I started to cry I picked it up right before this black card was played too

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riacte · 5 months

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not romantic not platonic but a secret third thing [what would happen between earth and the moon if the earth stopped spinning as illustrated by xkcd randall munroe]

#'your moon is here' things that make me explode like a supernova #UGHHHHHHH what if i was perpetually in your orbit. influencing the tides. protecting you from asteroids. and slowly drifting further away.#then you stopped moving and i was only pulse to your dead heart. orbiting you. right where ive been left. and so you started turning again.#ria.txt #personal #space opera au #(<- not about what you think is about)#hiiii this is gaining traction so glad we're all going insane :D your moon is here is SO fucked up. so good.#xkcd #randall munroe #space #moon #anyways xkcd comics are so good. entertaining witty and informative. check em out!

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poorly-drawn-mdzs · 1 month

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The math just adds up!

#dungeon meshi #falin touden #marcille donato #farcille #I always loved how chapter 27 ends with them both so bloody and 28 starts with them in the bath.#not just because of how iconic the bathtub moment is but because you know they had to scrap off so much gore first.#I think everyone in the party took a very long and methodical bath but Falin was basically *all* blood*.#Being covered in blood is one of those 'just girly things' that women deserve to stop being shamed about.#I just don't think Chilchuck is progressive enough. He probably made them take a bath first B*/#Okay jestering aside I want to just highlight -#The magnitude of Marcille's joy at seeing her dearest friend again! Of holding her and sharing her presence in the same room!#Something about this reunion feels like a beautiful dream you are afraid of waking up from...

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rat-presenting · 8 months

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You ever just wake up from an incredibly graphic and realistic nightmare that was a pure psychological horror based on your own personal phobias and trauma and just roll over like “aw shit I got too hot last night I guess.” And then make toast like you didn’t just experience the nine circles of hell before 9 am

#textpost #I am not a morning person I never have been my sleep schedule is 11 pm to 11 am and. man #usually I wake up somewhere in there and fall back asleep whicu is when the nightmares start #it’s been awhile since I had one of those nightmares too I was starting to think I’d grown out of that but. no

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adriles · 2 months

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they are Cancelling me for dealing with my grief as best i can . also for the vicious war Crimes

#book 24 #the conversation between the gods at the beginning there is just this #greatest hits #all i say is vicious war crimes in a vague way #and you all start frothing at the mouth like rabid dogs #a lot of yall get the memo with the blorbo tags but also. seeing quite a few strange pulls #not exactly war crimes but Ok #sometimes normal vicious crimes can just be normal vicious crimes ok guys #can yall stop tagging this as israel u guys r fucking weird….#if u see this and think it is a joke about actual fucking horrific war crimes and ethnic cleansing. u may be fucked up in the head #please be normal #will people stop commenting on this please. none of yall r funny

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chromegnomes · 4 months

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the most frustrating thing about AI Art from a Discourse perspective is that the actual violation involved is pretty nebulous

like, the guys "laundering" specific artists' styles through AI models to mimic them for profit know exactly what they're doing, and it's extremely gross

but we cannot establish "my work was scraped from the public internet and used as part of a dataset for teaching a program what a painting of a tree looks like, without anyone asking or paying me" as, legally, Theft with a capital T. not only is this DMCA Logic which would be a nightmare for 99% of artists if enforced to its conclusion, it's not the right word for what's happening

the actual Violation here is that previously, "I can post my artwork to share with others for free, with minimal risk" was a safe assumption, which created a pretty generous culture of sharing artwork online. most (noteworthy) potential abuses of this digital commons were straightforwardly plagiarism in a way anyone could understand

but the way that generative AI uses its training data is significantly more complicated - there is a clear violation of trust involved, and often malicious intent, but most of the common arguments used to describe this fall short and end up in worse territory

by which I mean, it's hard to put forward an actual moral/legal solution unless you're willing to argue:

Potential sales "lost" count as Theft (so you should in fact stop sharing your Netflix password)

No amount of alteration makes it acceptable to use someone else's art in the production of other art without permission and/or compensation (this would kill entire artistic mediums and benefit nobody but Disney)

Art Styles should be considered Intellectual Property in an enforceable way (impossibly bad, are you kidding me)

it's extremely annoying to talk about, because you'll see people straight up gloating about their Intent To Plagiarize, but it's hard to stick them with any specific crime beyond Generally Scummy Behavior unless you want to create some truly horrible precedents and usher in The Thousand Year Reign of Intellectual Property Law

#hoped I was mostly done discoursing about this deeply annoying subject #but twitter's butlerian jihad is starting to pick up more and more steam on here

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yourangle-yuordevil · 4 months

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That time in ancient Greece when Aziraphale needed a speedy horse and accidentally invented the pegasus

VS.

Whatever Crowley had going on in medieval times

#Crowley just really misses the unicorns ok???#Also Crowley didn't start from a horse to make a new unicorn #he looked at a horse and was like.... nah #then looked at a goat and was like YEAAAAH LET'S GOO LET'S MAKE YOU BIG AF AND YOU CAN ALSO SPIT FIRE WHAT A GREAT IDEA!!#While Aziraphale is fretting over the fact that he accidentally gave WINGS to a HORSE and every time that the angels asks about it he's lik #whaaat?? PegaSUS naaaah never heard about it. Must be a made up thing. humans...right?? silly little things ahahah *sweat nervously*#good omens #crowley #aziraphale #ineffable husbands #aziracrow #pegasus #unicorn #Do I wanna draw the precious good omens beans? yes.#is this an excuse to draw more horses? also yes.#medieval crowley #ancient greek aziraphale #CAVALLIIIIIII 🐎🐴🐎🐴🐎🐴🐎🐴#good omens comic #historical husbands

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thebestestdancers · 6 months

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why should palestinians have to leave behind their land because israel wont stop killing them. why should anyone have to leave behind their life and memories and sentimental value just because an aggressor is left unchallenged. please think this sentiment through and delete it from your thoughts. instead of blaming an oppressed people for living in a hostile land, ask who is making that land hostile to live in.

#this is vaguely worded except the first part because ive seen thsi sentiment time and time again #when the trans genocide began everyoen started blaming trans peopel for living in florida isntead of the people making it unlivable #every timw a cop kills a person of color everyones told to just move somewehre w better cops (doesnt exist) >#< rather rhan examine who gave the cops such pwoer and what use the cops are anyways #i know its rasier to blame the victims of this kind of thing. the oppressors deisgn it taht way and encourage that sentiment #but oleeeeeease im begging u. navajo peopel should not just give up their reservation bc it sucks. whyd the us put them there?

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csuitebitches · 2 years

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On Polishing my CV

I’m starting a career series for the next 30 days. Join me!

To give a little context, let me explain a few things about myself.

I just finished my undergraduate degree in business and entrepreneurship with a specialisation in finance.

I had previously co-founded a company in the EV (electric vehicle) charging space as COO (the company is no longer active).

I want to work with accelerators, investment funds, venture capital or private equity.

I haven’t landed a job yet. So the next 30 days, I’m focused on improving my CV for my job prospects whilst I move back to my home country.

I’m unsure if the formula I’m using for my finance career will work out, but I wanted to document it just in case it actually does.

Steps:

Current progress indicates as of 1st September 2022.

1. Completing the Private Equity Associate course from Financial Edge.

- I learned about the course from a YouTuber, “Angela.” It’s beginner friendly and they teach you everything, right from the excel basics to accounting to DCF methods.

Current Progress: 16%

2. Deciding the spaces I want to be in.

For now,

- Sustainability

- Fashion

- blue chip

3. Defining my current skill set

- Identifying weaknesses

- Strategic planning

- Marketing plans

- Pitch decks and pitching

- Reviewing financial documents

4. Knowledge

Improving my knowledge of the overall developments and trends in the industry, but also elaborate on the specific influences currently affecting the market. Keep up with the news.

5. Blogging.

Every site I’ve come across talks about the importance of blogging about companies and start ups that you find interesting. I think I’m going to start a YouTube channel instead.

Current Progress: 0 videos

6. Building a fantasy start up portfolio.

Current Progress: 0 start ups

7. Reach out to VCs to provide value.

I’m going to try and reach out to founders directly and see if that works out.

Current Progress: 0 new connections

Current connections: 310

8. Study IPOs

For my job : “Study the ins and outs of an initial public offering (IPO) that relates to the venture capital firm's niche interests and prepare your analysis. Discuss the potential you see for the company and how it could strengthen its market position.” (Found online).

Current Progress: 0 IPOs studied