The company was founded almost 20 years ago. At what point is it no longer a startup?
this post was submitted on 18 Oct 2024
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I think they are confused on thinking that any private company is a startup.
I worked for a company that was roughly 15 years old at the time and still very much in startup mode. In the end, it was a mechanism to shovel lots of money into the pocket of the CEO and some of the investors. It's why they never grew, aside from incompetence.
There's a company in Brazil that advertise itself as a "100 years old startup", completely ridiculous.
I suspect that's the point?
I guess the point is talking about how they're still disruptive and innovative, buzz words associated with startups.
When they are profitable I’m guessing. Usually startups are suppose to grow as fast as they can even if it means running a deficit. Pretty ridiculous imo.
It's like when you have a shitty kid that never grows up and is still pissing the bed 20 years later.
The bedwetting is probably a symptom of trauma inflicted by shitty parenting. Usually is.
Are we psychoanalysing Anne Wojcicki
Wow don't call me out like that dude
Don’t worry, the data will get bought up by the healthcare industry and start using it to deny coverage or to increase premiums.
“You’ve been randomly selected for a rate increase! For no reason at all! Definitely random!” - Your insurance in 2 years, probably
Health insurance industry.
Most people in healthcare hate them too.
I’ve never thought about it like that, but you raise an interesting point. From the point of view of patients insurance is an inextricable part of health care. I’m not so sure you can separate them that easily. Even in Western Europe the trend is towards privatization so when something happens to me health wise my first concern is insurance, never mind the actual problem. It’s a tragedy. Let’s just go back to setting up a mandatory fund and paying out from that without the profit seeking middlemen. We don’t need them.
You know what's really stupid?
Every American who has private insurance right now, could pay that exact same amount instead to the federal government and let it pay our medical bills, and it would result in more people getting care and less cost for the healthcare industry.
Of course, for some reason, some people are strongly opposed to the destruction of a multi-billion-dollar rent-seeking middleman industry and also opposed to healthcare going to certain, shall we say, melaninistically-blessed Americans.
Mine costs my employer and myself $15,000 yearly. Colorado marketplace insurance for a "silver" plan (probably very expensive to actually use) is over $8k.
If we all just pooled that money it'd make Medicare for All a reality.
Could a citizen created "Robin Hood" health insurance company incorporate and steal all their lunch?
I think we need the power of the state behind it.
That would be nice, but I can't see lobbyist allowing it. It state power really essential?
Maybe s co-operative insurance company could fit inside the current framework without legislative change.
(Obviously, I'm just spitballing here)
Yeah, it could fit in the current framework so I guess state power isn't essential for creating it. State power is definitely essential to do things like negotiate drug pricing like Medicare does. We saw the power of that recently.
The state certainly brings volume and that is leveraged for negotiations. There's no way a new insurer could have that market share instantly.
Every American who has private insurance right now, could pay that exact same amount instead to the federal government and let it pay our medical bills
Probably pay less and get more access to a wider range of medical services.
Every American who has private insurance right now, could pay that exact same amount instead to the federal government and let it pay our medical bills
That's called a single-payer healthcare system, and it's a good idea. The government can negotiate pricing for the entire country, rather than having a lot of smaller insurance companies that are all in it to make a profit.
Australia has a hybrid public/private system where everyone has public health care (so you can see a doctor and get treated even if you don't have any money), but you can choose to get private insurance if you want to. It's a decent idea.
I'd be really interested to know my heritage but this scenario actively is stopping me from doing so.
It’s okay, you can just be like me and have both your parents do it! They may not know my exact data, but they’ve got enough to guess.
I really don't get this. I know where my parents and grandparents came from. Should I care if I have Irish or African blood? It baffles me that anyone does. How would that information would change my life? We should be judged by our actions, not by the origin of our distant ancestors.
I think you get disease risk data, which does give you some useful info.
Knowing whether I have First Nations blood on my mother's side would have real legal benefits for me (my mom is estranged from her family and so has never told me much about them, but there's some possibility there given their historical context). I know a friend who had to prove he was 1/8 Metis in order to get a job as a web designer with a particular company.
I think it's ridiculous and flat out racist, frankly, but there are indeed benefits in this day and age from having particular ancestry.
Holy fuck, how is this legal?
"Good intentions", I presume.
My position has always been "if there are people who are disadvantaged then pass laws to help disadvantaged people rather than making the assumption that everyone with a particular set of genetics need help." I guess it's just easier to take that shortcut though.
Ah, understood, thanks
There are lots of special considerations for a legal standpoint concerning Native Americans because technically they compromise several semi-sovereign nations within the US's borders. Some of the treaties the US signed with them during westward expansion are still enforceable.
I’m of the same mind. Luckily my entire family is fairly skeptical of things like this. While we want to know more about our ancestry (we know the culture we’re from as it’s pretty well documented, we would like to hone down where exactly we’re most likely from. Our last name hints at it in the region but it’s still unclear.) I would rather travel across the ocean and do manual research than give my DNA to any of the ancestry companies.
The people who most benefit from DNA ancestry are people who want to know where they came from but documentation is scarce or non-existent. In the US that group is primarily composed of the descendents of slaves. It can also help people descendent of native groups who only know that they are from some native people of North America identity a particular tribe.
Great point. I can see that being a big draw.
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Is it still considered a start up? Haven’t they been around for like 10 years no
If it doesn't have positive cash flow then it's still considered a startup.
I case anyone ins wondering why that name sounds familiar.
She's the sister of former YouTube CEO Susan wojicki (who apparently died since stepping down from YouTube)
Is there a non-paywalled link for this?
Cool. Will it be savable before or after the Nazis use that list of Ashkenazi Jews hackers got from your company as a kill list?
Honestly probably only before, you know?
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