Most consumers expect that all available options in the marketplace comply with all regulations, and then make a surface level decision on the best option. So if there’s a company that is not competing in a fair way, there should be regulation to limit unfair behaviour (imo) -- otherwise every consumer needs to know every detail about every company and process and purchase with integrity.
It sounds like Carta is marketing to early employees and not to accredited investors. There will be quick product market fit if employees prefer to join companies listed on CartaX. I have offer A that is liquid, and offer B that is not liquid, etc
My friends are leaving for cities like LA where they expect to enjoy it more. In my experience the majority of new SF residents move in to start a new job - not for the food, nightlife, or culture. If the jobs are remote, that segment will not come back, and will not move to SF in the first place. It’s a good thing, fewer people having to make trade offs for better careers.
Saifedean Ammous writes pretty convincingly how a fixed money supply would be a good thing. I don’t know of any other unique benefit. It will be interesting to see how it plays out with nation states and diminishing block rewards. I’m holding a little bit just in case.
I have always regretted investing spare cash while feeling a sense of self imposed time pressure. I would sit on it until there is an opportunity you are excited about.
It should eventually fall under consumer protection laws. Failing to report incidents on a status page is like failing to mention trans fat on a package label.
>Your tortillas with partially hydrogenated vegetable oil? Yeah, it's less than 0.5g per serving so they get to say 0g.
Personal favorite: Tic Tacs are 94.5% sugar yet Tic Tacs can be marketed as a "sugar free" food.
"The Nutrition Facts for Tic Tac® mints state that there are 0 grams of sugar per serving. Does this mean that they are sugar free?
Tic Tac® mints do contain sugar as listed in the ingredient statement. However, since the amount of sugar per serving (1 mint) is less than 0.5 grams, FDA labeling requirements permit the Nutrition Facts to state that there are 0 grams of sugar per serving."
I can see why they did it that way. Fixing the algorithm would require setting the base pay relative to delivery cost and then canceling orders that don’t tip enough to get accepted. Not exactly palatable for customers. ”Your order was not accepted by any drivers. Try again!”
Keep in mind every pull for transactions will cost money so you need to charge enough per month to cover those costs. It’s closer to $1 than a penny like most APIs.
