jm + investment   9

Commentary: The ‘Irish’ Startup Attribution Problem
Why don't Irish tech startup activity show up on a EU-wide comparisons? Turns out we tend to transition to a US-based model, with US-based management and EU-based operations and engineering, like $work does:
Successful Irish tech companies have a skewed geographic profile. This presents a data gathering problem for the data companies but its also a strong indicator of the market reality for Irish startups. The size of the local market and a focus on software business in particular means many Irish startups are transitioning to the US (some earlier and with more commitment than others), and getting backed by a spectrum of local and international VCs.


Correcting for this put Ireland's tech venture investment in the second half of 2014 at $125m, midway between Sweden and Finland, 8th in Europe overall.
ireland  tech  startups  investment  vc  europe  eu 
december 2016 by jm
The Problem Isn’t Vancouver’s Astronomical Housing Costs— It’s the People Who Buy
Two types of people own homes in Vancouver — wealthy foreigners who are looking for a place to park their money, and long-time Vancouver residents who have benefited from skyrocketing equity, through no actual effort of their own. There is a simple problem with these people being the primary homeowners in any city — they don’t actually create much value for the place they live in.

A very large percentage of wealthy foreigners who “park” their money here don’t actually live in Vancouver. Take a drive around most expensive areas and you’ll realize the homes are empty. At most, they send their kids to live in Vancouver, learn english/go to school, and then return to their country (usually to Hong Kong). For some reason this is okay with people who live here. The amount of value added to a city from this sort of activity approaches zero. In fact, I’d argue that these people actually leech off of the system more than anything else.
vancouver  housing  mortgages  investment  canada  homeowners 
october 2014 by jm
Corporate Tax 2014: Irish Government's "flawed premise" on Apple's avoidance
According to our calculation about €40bn or over 40% of Irish services exports of €90bn in 2012 and related national output, resulted from global tax avoidance schemes.

It is true that Ireland gains little from tax cheating but at some point, the US tax system will be reformed and a territorial system where companies are only liable in the US on US profits, would only be viable if there was a disincentive to shift profits to non-tax or low tax countries. The risk for Ireland is that a minimum foreign tax would be introduced that would be greater than the Irish headline rate of 12.5%.

It's also likely that US investment in Ireland would not have been jeopardized if Irish politicians had not been so eager as supplicants to doff the cap. Nevertheless today it would be taboo to admit the reality of participation in massive tax avoidance and the Captain Renaults of Merrion Street will continue with their version of the Dance of the Seven Veils.
apple  tax  double-irish  tax-avoidance  google  investment  itax  tax-evasion  ireland 
march 2014 by jm
Paul Graham and the Manic Pixie Dream Hacker
Under Graham’s influence, Mark [Zuckerberg], like many in Silicon Valley, subscribes to the Manic Pixie Dream Hacker ideal, making self-started teenage hackers Facebook’s most desired recruiting targets, not even so much for their coding ability as their ability to serve as the faces of hacking culture. “Culture fit”, in this sense, is one’s ability to conform to the Valley’s boyish hacker fantasy, which is easier, obviously, the closer you are to a teenage boy.

Like the Manic Pixie Dream Girl’s role of existing to serve the male film protagonist’s personal growth, the Manic Pixie Dream Hacker’s job is to embody the dream hacker role while growing the VC’s portfolio. This is why the dream hacker never ages, never visibly develops interests beyond hardware and code, and doesn’t question why nearly all the other people receiving funding look like him. Like the actress playing the pixie dream girl, the pixie dream boy isn’t being paid to question the role for which he has been cast.

In this way, for all his supposed “disruptiveness”, the hacker pixie actually does exactly what he is told: to embody, while he can, the ideal hacker, until he is no longer young, mono-focused, and boyish-seeming enough to qualify for the role (at that point, vested equity may allow him to retire). And like in Hollywood, VCs will have already recruited newer, younger ones to play him.
hackers  manic-pixie-dream-girl  culture-fit  silicon-valley  mark-zuckerberg  paul-graham  y-combinator  vc  work  investment  technology  recruitment  facebook  ageism  equality  sexism 
january 2014 by jm
'The Impact of Copyright Policy Changes on Venture Capital Investment in Cloud Computing Companies' [pdf]
'Our results suggest that the Cablevision decision, [which was widely seen as easing certain ambiguities surrounding intellectual property], led to additional incremental investment in U.S. cloud computing firms that ranged from $728 million to approximately $1.3 billion over the two-and-a-half years after the decision. When paired with the findings of the enhanced effects of VC investment relative to corporate investment, this may be the equivalent of $2 to $5 billion in traditional R&D investment.'

via Fred Logue.
via:fplogue  law  ip  copyright  policy  cablevision  funding  vc  cloud-computing  investment  legal  buffering 
march 2013 by jm
Permanent TSB's tracker-mortgage paydown option isn't such a good deal after all
'it might be in your interest if you have a tracker mortgage and are unable to get a better rate of interest on the €5,000 that you are being tempted to repay PTSB. You can get up to 4.2% from PTSB deposit accounts, 9.7% from 10-year Irish sovereign bonds, 9% from residential property. Yet PTSB is prepared to give you less than a measly 2% over a five year period on your €5,000 repayment.'
ptsb  permanent-tsb  finance  money  mortgages  tracker-mortgage  investment  from delicious
april 2011 by jm

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