nigekelly
Joined 15 years ago
Joined 15 years ago
Why weren't the institutional investors/LPs surveyed to see what they think of VC/GP value add? I think this would be more telling about who the good/bad VCs are ..... who's bringing home the bacon across the board consistently. A bad VC may do well with one investment, get great feedback from that founder but yet destroy investor capital on all other investments..... meaning the LPs are down on the money they put in.
The Kauffman foundation produced a great study of return performance from VC/GPs back to LPs several years ago. The conclusion was that investing in VCs produced very poor returns. The Russell 2000 index was a superior investment alternative.
In addition, Irish gov are talking about new R&D scheme which will be like 6-7% corp tax on companies that focus on R&D. Alot of European companies have such schemes and Ireland can't be singled out for being "dodgy" with this. I suspect Apple will benefit from this.
Of course we (being Ireland) wouldn't get all this investment if Apple (and all the other US multinationals) was allowed to repatriate profits back to the US without paying the draconian US corp tax of 35%.
Companies like Oracle, Apple, Microsoft, Google, Facebook, Cisco have huge amounts of cash sitting there in their balance sheets. They spend it in other countries (and/or issue new bonds) to avoid paying the stupid 35% US corp tax.
Once the Republicans and Democrats get their act together on this, Ireland will be screwed.
SO if we end up with self driving taxis then this form of transport will become ridiculously cheap as the driver's salary is now eliminated. The rationale to own a car will become harder to justify.
Also I read recently that our actual usage of cars is very low over a year. This means huge inefficiency. There is plenty of spare capacity per car to do alot more journeys. If we all start taking self driving taxis that run 24x7 in a few years time where does that leave the car companies. One assumes with far fewer car sales. Are they shooting themselves in the foot?
50% of your article was about how jquery was superior and simpler than prototype and moo tools. It may have been superior but it's nonsense to say it was simpler. I used prototype alot and it was simpler. To grab a div you simply:
$("mydiv")
not:
$("#mydiv")
So much more elegant than jquery!
Prototype comes from a js perspective whilst jquery seems to come from a css perspective. So I think prototype is better for traditional developers and jquery for web designers.