I don't usually praise Y takes, but this one is rather excellent.
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I don't usually praise Y takes, but this one is rather excellent.
@petrikas What is "Y"?
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@petrikas What is "Y"?
@nerpulus I couldn't explain. https://en.wikipedia.org/wiki/Y_Combinator
It has / had a 'news' aggregator, mainly tech-related, similar to 'reddit', where people can comment, upvote, downvote, etc., called "Hacker News".
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I don't usually praise Y takes, but this one is rather excellent.
@petrikas forgive my ignorance, but what is a Y take?
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I don't usually praise Y takes, but this one is rather excellent.
It also isn't very new.
But it's a shame how (financial) equality has been developing since the 1980ies.
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@em_and_future_cats Easy to remedy — just invent a time machine, and make sure that Reagan won't have become the POTUS.
(It's not a retroactive advice if it begins with "invent a time machine", you see.)
@em_and_future_cats @petrikas @riley find Maggie thatcher as a baby and drop her down a well
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I don't usually praise Y takes, but this one is rather excellent.
@petrikas
Yes, accurate, but I think there's a little more to it.
Some people are rich enough so that they can offer money to people who are pretty good at throwing those darts and collect the prize money for them. With which they pay more people to do the throwing.
Congratulations, you are now a "self made" industrialist. -
@petrikas forgive my ignorance, but what is a Y take?
@jesusmargar it’s a post from Hacker News, which is published by Y Combinator
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I don't usually praise Y takes, but this one is rather excellent.
@petrikas just a note to the carnival workers. You can remove the dartboard, and the darts and your labour. Move the rich kids over to the ghost train, and see how well they fare in the "horrors of the French revolution" section. :guillotine:
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I remember opting into an "entrepreneurship" optional module while I was doing my masters degree (which I saved up for)
The lecturer was encouraging us to ask family and friends to raise initial investment and not go to venture capitalists.
I distinctly remember him saying "you can probably get £6000 from just your parents". This is 30 years ago money, so that's £11,000 today.
And I very very distinctly remember freezing in my seat and thinking "what kind of families does he think we come from?"
It was definitely a milestone in my political education.
There are many studies that show that most entrepreneurial startup financing comes from the ‘3 Fs’ defined as ‘Families, Friends and Fools.” Not from venture capitalists or traditional financial institutions.
There’s a deeper ethical question about risking the wealth of the 3Fs when they aren’t so affluent already that the losses won’t have material impact.
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@em_and_future_cats @petrikas @riley find Maggie thatcher as a baby and drop her down a well
@ReasonableMustelid Or magically tele-adopt her out to USA, where they'd never hire a woman as a prime minister.
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