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StorySherpa: Contracting the Unemployable

Uber fights against the law (again)
StorySherpa: Contracting the Unemployable
By Yury Molodtsov • Issue #59 • View online
Uber fights against the law (again)

California Bill Makes App-Based Companies Treat Workers as Employees
But a couple hours after that news Uber made a statement.
Uber claims new California law still won't force it to classify drivers as employees
They have enough money to lobby it out but they also face a lot of negativity. We’ll see.
Kickstarter faces union backlash after firing two organizers
Should Founders Take the Plunge?
The Impossible Burger and Beyond Meat aren't healthier
Fractionalizing Home Equity
A Nobel-Winning Economist Goes to Burning Man
In the end, this is the motivation for all sides, including founders, investors and Limited Partners — excluding the ones who already did that.
Noah Smith 🐇
1/Today's @bopinion post is about getting rich.

The dream of getting rich is fundamental to the capitalist system. But in America, that dream is getting further out of reach.
Have you heard that Brex opened a restaurant?
Delian Asparouhov
Wow quite bold of Stripe to launch this without an accompanying South Park restaurant

How will Stripe possibly compete with such a brilliant and defensible strategy that delivers massive amounts of customer value
In the end, it’s all about growth.
@prukalpa Early on the classic YC advice is 10% per week from small numbers

After $100K ARR, 25% per month is good.

After $1M ARR 3X or faster is good.

After $10M ARR above 2X is table stakes.
The question is, how long Softbank is ready to continue funding WeWork’s operations.
Kevin Kwok
Reminder that at IPO the pref stack goes away. So if IPO far lower than last round it's heavily in lead investor's interest to *not* go public--while still preferable for founders, etc

In bull markets we forget how funky misalignments can get. WeWork/Softbank is good reminder
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Yury Molodtsov

I'm an Investor at Day One Ventures, a venture capital firm that invests in tech startups and leads their communications.

Here I look at tech news I find important and the future they might lead us.

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