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Addiction 2023.1

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Road Cycling “It is by riding a bicycle that you learn the contours of a country best, since you have to sweat up the hills and coast down them. Thus you remember them as they actually are, while in a motor car only a high hill impresses you, and you have no such accurate remembrance of country you have driven through as you gain by riding a bicycle.” -- Ernest Hemingway

Addiction 2023.1

Old 01-17-23, 07:46 PM
  #2126  
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Originally Posted by bah humbug
so i/we knew the businesses being propped up by cheap vc would die - carvana, opendoor, etc. Strava is likely in trouble (reminds me i need to kill my account again). And zwift. I wouldn't have expected mbs, and certainly not a local restaurant & bakery. Excel ought to be ok; they've been stable for a long time there. I'd expect cc as well.

Fezzari could have very low overhead and survive. Parlee is not, i think, run on vc and should be able to weather. Allied is younger but also not vc to my knowledge (someone who bought the old guru equipment). Saris popped last year due to supply chains, of course, and bad decisions as a result. I would have thought bike companies that survived the pandemic crunch would have been through the worst. Maybe i'm wrong.

Separately though, the "layoffs" are overrated and my thoughts on the news about it veer into the political. A few famous companies announcing what seem like large layoffs (but not in the scope of the economy, and not all on-shore), and the "non-tech" companies like my employer are... Hiring programmers. And we still have a thirst for more experienced devs because they're thin on the ground. I am curious how things will actually fall out.
vc?
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Old 01-17-23, 07:53 PM
  #2127  
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Originally Posted by Trsnrtr
I bought one of those as a frame set for my wife in 1984. They made them in several different levels. Mine was a Carleton made frame of 531 with Campy dropouts. I always wished that I’d never bought it because the cheap versions were showing up all over the place and people assumed that that’s what my wife had and not the top end model. I paid more for her Carleton frame than you a complete model with a cheap frame and cheap components.
I love those cranks though. If only they were Ofmega instead of Raleigh...

Originally Posted by MoAlpha
In general. I think big traditional frames look better than small ones, but I think the sweet spot was at about 25”. Also, I cant believe how I now prefer the look of compact frame bikes to the classics, old as I am. They used to look like bmx bikes to me.
I generally think 61cm traditional frames have the best proportions.
May or may not be because those are the ones that fit me the best

Isn't that Mooney yours? Absolutely stunning.
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Old 01-17-23, 07:53 PM
  #2128  
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Originally Posted by bampilot06
vc?
Venture Capital. When the fed funds rate was (functionally) 0%, venture capital was willing to throw money at anything that might earn a return eventually. A lot of companies formed that didn't make a profit, and might never make a profit, that were solvent solely by VC continuing to throw them money. When the FF rate increases, as it has, the VC can make yields in other, safer investments, so the money hose to those companies dries up. The ones not making money are then called "zombie companies" and tend to pop before too long. This includes lots of famous companies (Uber, for example, in addition to the others I mentioned). Their deaths are public and make people feel like "lots of companies" are failing, when it's really unsustainable business models being taken off life support. Does't say anything about companies that were making money before and not dependent on repeated infusions.

Even in companies like the "big tech" that made money, with a 0% rate they just threw money at anything they could think of. Now they're not, so the jobs in those experiments go away. It doesn't mean that FB/ MS/ AMZ are in trouble, just focusing on the core products for a while. And cutting a small number of jobs in the scale of their operations. And again, companies like mine (and even AG's) are hiring, though possibly with a slowdown.
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Old 01-17-23, 07:55 PM
  #2129  
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Strava was around way before the pandemic no?

Or back then it was always free.
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Old 01-17-23, 07:56 PM
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Originally Posted by bampilot06
Strava was around way before the pandemic no?

Or back then it was always free.
It was funded by VC. Hasn't turned a profit ever. DCR went into it in some of his discussions of their price hikes/ policy changes.
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Old 01-17-23, 08:02 PM
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https://www.crunchbase.com/organizat...any_financials

$152mn in VC funding.
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Old 01-17-23, 08:08 PM
  #2132  
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Lots of VC in the healthcare field. The companies exploit the market, leverage to the hilt, and generally care more about money than helping people. Avoid, at least in my industry. YMMV
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Originally Posted by rjones28
Addiction is all about class.
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Old 01-17-23, 08:12 PM
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Originally Posted by datlas
Lots of VC in the healthcare field. The companies exploit the market, leverage to the hilt, and generally care more about money than helping people. Avoid, at least in my industry. YMMV
Called Vulture Capitalists for a reason.
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Old 01-17-23, 08:20 PM
  #2134  
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Originally Posted by Bah Humbug
Called Vulture Capitalists for a reason.
Several local medical groups sold out to VC. It’s going to get ugly.
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Originally Posted by rjones28
Addiction is all about class.
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Old 01-17-23, 08:26 PM
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Originally Posted by abshipp

Isn't that Mooney yours? Absolutely stunning.
That Mooney is amazing indeed, too bad it's a cm or two above my upper limit for frame size
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Old 01-17-23, 08:42 PM
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Originally Posted by datlas
Several local medical groups sold out to VC. It’s going to get ugly.
Big in the veterinary biz also.
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Old 01-17-23, 08:47 PM
  #2137  
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Originally Posted by bampilot06
I expect a brokerage fee.
That usually gets paid by the seller. Good luck.

Originally Posted by Bah Humbug
It was funded by VC. Hasn't turned a profit ever. DCR went into it in some of his discussions of their price hikes/ policy changes.
I’ve never paid for Strava, but this shotgun approach to subscription increases is going to be a black eye for them for a while. That said, there’s no other platform like it I can think of. Garmin Connect doesn’t come close, though they have similar features.

Originally Posted by datlas
Several local medical groups sold out to VC. It’s going to get ugly.
It’s happening in public accounting (I’m a CPA). Firms are splitting up and moving their attest/assurance practice off to the side and selling off the tax and advisory practices to VCs. It isn’t going to end well and once it blows up there’s going to be so much regulation over practice administration it won’t be funny. This is going to make selling tax shelters in the 00s look like Pong because there will be more complex and sophisticated products being marketed. Get some popcorn ready.
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Old 01-17-23, 08:51 PM
  #2138  
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I feel like this catfishing bait is directly targeting me...

https://m.facebook.com/marketplace/i...5746572823139/
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Old 01-17-23, 08:52 PM
  #2139  
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Originally Posted by Bah Humbug
Where do you see how much money they're making?
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People here don't get it.
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Old 01-17-23, 08:54 PM
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Originally Posted by LesterOfPuppets
I feel like this catfishing bait is directly targeting me...

https://m.facebook.com/marketplace/i...5746572823139/
You or GeneJockey.
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Old 01-17-23, 09:01 PM
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Originally Posted by Velo Vol
Where do you see how much money they're making?
“Total funding amount”.

Not a coincidence that they’re doing big layoffs by percentage and drastically (desperately) raising prices. They’ve been told there’s no more and they’re struggling to stay afloat on whatever they have and can get coming in by actual revenue.
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Old 01-17-23, 09:06 PM
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Originally Posted by Bah Humbug
“Total funding amount”.

Not a coincidence that they’re doing big layoffs by percentage and drastically (desperately) raising prices. They’ve been told there’s no more and they’re struggling to stay afloat on whatever they have and can get coming in by actual revenue.
I'm asking about revenue.
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Old 01-17-23, 09:24 PM
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Originally Posted by bampilot06
vc?
Viet Cong
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Old 01-17-23, 09:45 PM
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Originally Posted by seedsbelize2
Viet Cong
Boomer.
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People here don't get it.
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Old 01-17-23, 09:49 PM
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Originally Posted by Velo Vol
Boomer.
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Originally Posted by Velo Vol
People here don't get it.
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Old 01-17-23, 10:29 PM
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4 of us had a nice pizza ride today. It was chilly, in the 40s at the start and never got much above 50 which is unusual for here. We were going to do a long-ish steep climb on old, twisty streets but a lot of the area was still wet, so we skipped it. After the slice we decided to head straight back, two of us weren't feeling it.
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Old 01-17-23, 10:31 PM
  #2147  
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Have you seen Patriot yet? The folk duet therein ripoff that album art.

Spoiler alert

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Old 01-18-23, 04:10 AM
  #2148  
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Originally Posted by Bah Humbug

looks like they were better off never taking the money. It’s a shame they went after the users. Seems like to me, since it’s been dubbed “the official” record keeper for everyone, they should have gotten involved with events and marketed more towards big companies and got them to pay to have access to the users. Just my thought.

I have a feeling, with the latest 1/4 earnings they are going to make the whole platform subscription based and they will fail.

Knowing what I know now, I don’t see how I would ever pay. It’s unfortunate because I for one like strava a lot, but how could I pay knowing at any moment the rug will be pulled out from underneath them.
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Old 01-18-23, 05:36 AM
  #2149  
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Originally Posted by Velo Vol
I'm asking about revenue.
Ah. They're private, so you can't tell. Also revenue isn't the key, profit is. Believe me or not, but every sign is that they're in trouble. Again, this isn't just my observation - they've been here in the past, and there's a reason they're spiking prices and laying people off, just when VC is drying up.
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Old 01-18-23, 05:45 AM
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The hot setup at Tour Down Under. Super wack shifter position to keep you aero, but still run the new minimum 350mm bar width. I expect UCI will start measuring at the hoods rather than widest part of the bars as soon as they can.

https://road.cc/content/tech-news/ha...oophole-298683

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