Can a Corporation “Own” a Color?
8 by cpeterso | 1 comments on Hacker News.
Thursday, June 30, 2022
New top story on Hacker News: Ask HN: Forensic analysis for 50 yr old tape
Ask HN: Forensic analysis for 50 yr old tape
14 by passer_byer | 10 comments on Hacker News.
Im posting for a friend who moved recently. He found a magnetic tape that was written over 50 years ago. He says, if he recalls correctly, the tape would have contained 2 file, EBCDIC encoded, written by an IBM utility using a tape sub-system attached to a s/360 processor running MVS. Assume the IBM guys have this setup in some dusty basement in upstate New York. This is a 2 part question. What is the best method for attempting to read this mag tape? That’s the main question. Second, what is the probability of success here? Assume the tape was kept in a climate controlled home.
14 by passer_byer | 10 comments on Hacker News.
Im posting for a friend who moved recently. He found a magnetic tape that was written over 50 years ago. He says, if he recalls correctly, the tape would have contained 2 file, EBCDIC encoded, written by an IBM utility using a tape sub-system attached to a s/360 processor running MVS. Assume the IBM guys have this setup in some dusty basement in upstate New York. This is a 2 part question. What is the best method for attempting to read this mag tape? That’s the main question. Second, what is the probability of success here? Assume the tape was kept in a climate controlled home.
Wednesday, June 29, 2022
New top story on Hacker News: Show HN: Ploomber Cloud (YC W22) – run notebooks at scale without infrastructure
Show HN: Ploomber Cloud (YC W22) – run notebooks at scale without infrastructure
23 by idomi | 3 comments on Hacker News.
Hi, we’re Ido & Eduardo, the founders of Ploomber. We’re launching Ploomber Cloud today, a service that allows data scientists to scale their work from their laptops to the cloud. Our open-source users ( https://ift.tt/Rqg1N2s ) usually start their work on their laptops; however, often, their local environment falls short, and they need more resources. Typical use cases run out of memory or optimize models to squeeze out the best performance. Ploomber Cloud eases this transition by allowing users to quickly move their existing projects into the cloud without extra configurations. Furthermore, users can request custom resources for specific tasks (vCPUs, GPUs, RAM). Both of us experienced this challenge firsthand. Analysis usually starts in a local notebook or script, and whenever we wanted to run our code on a larger infrastructure we had to refactor the code (i.e. rewrite our notebooks using Kubeflow’s SDK) and add a bunch of cloud configurations. Ploomber Cloud is a lot simpler, if your notebook or script runs locally, you can run it in the cloud with no code changes and no extra configuration. Furthermore, you can go back and forth between your local/interactive environment and the cloud. We built Ploomber Cloud on top of AWS. Users only need to declare their dependencies via a requirements.txt file, and Ploomber Cloud will take care of making the Docker image and storing it on ECR. Part of this implementation is open-source and available at: https://ift.tt/QzjgTsY Once the Docker image is ready, we spin up EC2 instances to run the user’s pipeline distributively (for example, to run hundreds of ML experiments in parallel) and store the results in S3. Users can monitor execution through the logs and download artifacts. If source code hasn’t changed for a given pipeline task, we use cached artifacts and skip redundant computations, severely cutting each run's cost, especially for pipelines that require GPUs. Users can sign up to Ploomber Cloud for free and get started quickly. We made a significant effort to simplify the experience ( https://ift.tt/0TWzCUX ). There are three plans ( https://ift.tt/yWzk8Vu ): the first is the Community plan, which is free with limited computing. The Teams plan has a flat $50 monthly and usage-based billing, and the Enterprise plan includes SLAs and custom pricing. We’re thrilled to share Ploomber Cloud with you! So if you’re a data scientist who has experienced these endless cycles of getting a machine and going through an ops team, an ML engineer who helps data scientists scale their work, or you have any feedback, please share your thoughts! We love discussing these problems since exchanging ideas sparks exciting discussions and brings our attention to issues we haven’t considered before! You may also reach out to me at ido@ploomber.io.
23 by idomi | 3 comments on Hacker News.
Hi, we’re Ido & Eduardo, the founders of Ploomber. We’re launching Ploomber Cloud today, a service that allows data scientists to scale their work from their laptops to the cloud. Our open-source users ( https://ift.tt/Rqg1N2s ) usually start their work on their laptops; however, often, their local environment falls short, and they need more resources. Typical use cases run out of memory or optimize models to squeeze out the best performance. Ploomber Cloud eases this transition by allowing users to quickly move their existing projects into the cloud without extra configurations. Furthermore, users can request custom resources for specific tasks (vCPUs, GPUs, RAM). Both of us experienced this challenge firsthand. Analysis usually starts in a local notebook or script, and whenever we wanted to run our code on a larger infrastructure we had to refactor the code (i.e. rewrite our notebooks using Kubeflow’s SDK) and add a bunch of cloud configurations. Ploomber Cloud is a lot simpler, if your notebook or script runs locally, you can run it in the cloud with no code changes and no extra configuration. Furthermore, you can go back and forth between your local/interactive environment and the cloud. We built Ploomber Cloud on top of AWS. Users only need to declare their dependencies via a requirements.txt file, and Ploomber Cloud will take care of making the Docker image and storing it on ECR. Part of this implementation is open-source and available at: https://ift.tt/QzjgTsY Once the Docker image is ready, we spin up EC2 instances to run the user’s pipeline distributively (for example, to run hundreds of ML experiments in parallel) and store the results in S3. Users can monitor execution through the logs and download artifacts. If source code hasn’t changed for a given pipeline task, we use cached artifacts and skip redundant computations, severely cutting each run's cost, especially for pipelines that require GPUs. Users can sign up to Ploomber Cloud for free and get started quickly. We made a significant effort to simplify the experience ( https://ift.tt/0TWzCUX ). There are three plans ( https://ift.tt/yWzk8Vu ): the first is the Community plan, which is free with limited computing. The Teams plan has a flat $50 monthly and usage-based billing, and the Enterprise plan includes SLAs and custom pricing. We’re thrilled to share Ploomber Cloud with you! So if you’re a data scientist who has experienced these endless cycles of getting a machine and going through an ops team, an ML engineer who helps data scientists scale their work, or you have any feedback, please share your thoughts! We love discussing these problems since exchanging ideas sparks exciting discussions and brings our attention to issues we haven’t considered before! You may also reach out to me at ido@ploomber.io.
Tuesday, June 28, 2022
Monday, June 27, 2022
New top story on Hacker News: Extreme explorations of TypeScript's type system
Extreme explorations of TypeScript's type system
50 by joshuakgoldberg | 24 comments on Hacker News.
50 by joshuakgoldberg | 24 comments on Hacker News.
Sunday, June 26, 2022
New top story on Hacker News: Frozen baby woolly mammoth discovered in Yukon gold fields
Frozen baby woolly mammoth discovered in Yukon gold fields
10 by worldvoyageur | 2 comments on Hacker News.
10 by worldvoyageur | 2 comments on Hacker News.
Saturday, June 25, 2022
Friday, June 24, 2022
New top story on Hacker News: How to find great practice systems design questions
How to find great practice systems design questions
36 by traviskaufman | 3 comments on Hacker News.
36 by traviskaufman | 3 comments on Hacker News.
New top story on Hacker News: The State of Global Learning Poverty: 2022 Update [pdf]
The State of Global Learning Poverty: 2022 Update [pdf]
15 by mean_mistreater | 1 comments on Hacker News.
15 by mean_mistreater | 1 comments on Hacker News.
New top story on Hacker News: Ask HN: How to raise a seed round in a down market?
Ask HN: How to raise a seed round in a down market?
14 by hubraumhugo | 11 comments on Hacker News.
The market is difficult and many investors put new deals on hold while taking care of their existing portfolio companies. Aside from preparing for strong growth and low burn, what other suggestions do you have for young startups?
14 by hubraumhugo | 11 comments on Hacker News.
The market is difficult and many investors put new deals on hold while taking care of their existing portfolio companies. Aside from preparing for strong growth and low burn, what other suggestions do you have for young startups?
Thursday, June 23, 2022
New top story on Hacker News: Show HN: In-depth photographic look at all the golf courses I play
Show HN: In-depth photographic look at all the golf courses I play
6 by golfer | 3 comments on Hacker News.
I'm an avid golfer; it's my main hobby. I decided to start taking pictures of all the courses I play. While there's a lot of golf websites out there, none of them really try to document the courses in depth and look at each hole, along with the course facilities like the practice areas. I live in Chicago and am starting with the courses in this area (of which there are dozens of public courses to play). While I play golf, I take photos with my phone of every (relevant) aspect of the golf course I can think of. Then they're processed and organized on the website. Obviously I'm starting this journey on my own, and in that sense it's not scalable. I won't be able to visit all the courses in the US, let alone the world. I hope to find others that would like to contribute to the effort. At some point I'd like to add course news and histories to the site. Many golf courses in the US are over 100 years old and have rich histories. And of course many older courses exist in Europe. I also have started adding descriptions/commentary for each hole on courses. For example, see: https://ift.tt/PHT6Fvh... And maybe went a little overboard on this one: https://ift.tt/K1h4Ddr... Anyway, it's a fun project and could go in a lot of directions. PS: I'm always looking to expand my golfing circle. If you're in Chicago and want to play sometime, hit me up -- contact details are on the website.
6 by golfer | 3 comments on Hacker News.
I'm an avid golfer; it's my main hobby. I decided to start taking pictures of all the courses I play. While there's a lot of golf websites out there, none of them really try to document the courses in depth and look at each hole, along with the course facilities like the practice areas. I live in Chicago and am starting with the courses in this area (of which there are dozens of public courses to play). While I play golf, I take photos with my phone of every (relevant) aspect of the golf course I can think of. Then they're processed and organized on the website. Obviously I'm starting this journey on my own, and in that sense it's not scalable. I won't be able to visit all the courses in the US, let alone the world. I hope to find others that would like to contribute to the effort. At some point I'd like to add course news and histories to the site. Many golf courses in the US are over 100 years old and have rich histories. And of course many older courses exist in Europe. I also have started adding descriptions/commentary for each hole on courses. For example, see: https://ift.tt/PHT6Fvh... And maybe went a little overboard on this one: https://ift.tt/K1h4Ddr... Anyway, it's a fun project and could go in a lot of directions. PS: I'm always looking to expand my golfing circle. If you're in Chicago and want to play sometime, hit me up -- contact details are on the website.
Wednesday, June 22, 2022
New top story on Hacker News: Show HN: Data Diff – compare tables of any size across databases
Show HN: Data Diff – compare tables of any size across databases
32 by hichkaker | 0 comments on Hacker News.
Gleb, Alex, Erez and Simon here – we are building an open-source tool for comparing data within and across databases at any scale. The repo is at https://ift.tt/hnseg6R , and our home page is https://datafold.com/ . As a company, Datafold builds tools for data engineers to automate the most tedious and error-prone tasks falling through the cracks of the modern data stack, such as data testing and lineage. We launched two years ago with a tool for regression-testing changes to ETL code https://ift.tt/bgGFpvH . It compares the produced data before and after the code change and shows the impact on values, aggregate metrics, and downstream data applications. While working with many customers on improving their data engineering experience, we kept hearing that they needed to diff their data across databases to validate data replication between systems. There were 3 main use cases for such replication: (1) To perform analytics on transactional data in an OLAP engine (e.g. PostgreSQL > Snowflake) (2) To migrate between transactional stores (e.g. MySQL > PostgreSQL) (3) To leverage data in a specialized engine (e.g. PostgreSQL > ElasticSearch). Despite multiple vendors (e.g., Fivetran, Stitch) and open-source products (Airbyte, Debezium) solving data replication, there was no tooling for validating the correctness of such replication. When we researched how teams were going about this, we found that most have been either: Running manual checks: e.g., starting with COUNT(*) and then digging into the discrepancies, which often took hours to pinpoint the inconsistencies. Using distributed MPP engines such as Spark or Trino to download the complete datasets from both databases and then comparing them in memory – an expensive process requiring complex infrastructure. Our users wanted a tool that could: (1) Compare datasets quickly (seconds/minutes) at a large (millions/billions of rows) scale across different databases (2) Have minimal network IO and database workload overhead. (3) Provide straightforward output: basic stats and what rows are different. (4) Be embedded into a data orchestrator such as Airflow to run right after the replication process. So we built Data Diff as an open-source package available through pip. Data Diff can be run in a CLI or wrapped into any data orchestrator such as Airflow, Dagster, etc. To solve for speed at scale with minimal overhead, Data Diff relies on checksumming the data in both databases and uses binary search to identify diverging records. That way, it can compare arbitrarily large datasets in logarithmic time and IO – only transferring a tiny fraction of the data over the network. For example, it can diff tables with 25M rows in ~10s and 1B+ rows in ~5m across two physically separate PostgreSQL databases while running on a typical laptop. We've launched this tool under the MIT license so that any developer can use it, and to encourage contributions of other database connectors. We didn't want to charge engineers for such a fundamental use case. We make money by charging a license fee for advanced solutions such as column-level data lineage, CI workflow automation, and ML-powered alerts.
32 by hichkaker | 0 comments on Hacker News.
Gleb, Alex, Erez and Simon here – we are building an open-source tool for comparing data within and across databases at any scale. The repo is at https://ift.tt/hnseg6R , and our home page is https://datafold.com/ . As a company, Datafold builds tools for data engineers to automate the most tedious and error-prone tasks falling through the cracks of the modern data stack, such as data testing and lineage. We launched two years ago with a tool for regression-testing changes to ETL code https://ift.tt/bgGFpvH . It compares the produced data before and after the code change and shows the impact on values, aggregate metrics, and downstream data applications. While working with many customers on improving their data engineering experience, we kept hearing that they needed to diff their data across databases to validate data replication between systems. There were 3 main use cases for such replication: (1) To perform analytics on transactional data in an OLAP engine (e.g. PostgreSQL > Snowflake) (2) To migrate between transactional stores (e.g. MySQL > PostgreSQL) (3) To leverage data in a specialized engine (e.g. PostgreSQL > ElasticSearch). Despite multiple vendors (e.g., Fivetran, Stitch) and open-source products (Airbyte, Debezium) solving data replication, there was no tooling for validating the correctness of such replication. When we researched how teams were going about this, we found that most have been either: Running manual checks: e.g., starting with COUNT(*) and then digging into the discrepancies, which often took hours to pinpoint the inconsistencies. Using distributed MPP engines such as Spark or Trino to download the complete datasets from both databases and then comparing them in memory – an expensive process requiring complex infrastructure. Our users wanted a tool that could: (1) Compare datasets quickly (seconds/minutes) at a large (millions/billions of rows) scale across different databases (2) Have minimal network IO and database workload overhead. (3) Provide straightforward output: basic stats and what rows are different. (4) Be embedded into a data orchestrator such as Airflow to run right after the replication process. So we built Data Diff as an open-source package available through pip. Data Diff can be run in a CLI or wrapped into any data orchestrator such as Airflow, Dagster, etc. To solve for speed at scale with minimal overhead, Data Diff relies on checksumming the data in both databases and uses binary search to identify diverging records. That way, it can compare arbitrarily large datasets in logarithmic time and IO – only transferring a tiny fraction of the data over the network. For example, it can diff tables with 25M rows in ~10s and 1B+ rows in ~5m across two physically separate PostgreSQL databases while running on a typical laptop. We've launched this tool under the MIT license so that any developer can use it, and to encourage contributions of other database connectors. We didn't want to charge engineers for such a fundamental use case. We make money by charging a license fee for advanced solutions such as column-level data lineage, CI workflow automation, and ML-powered alerts.
Tuesday, June 21, 2022
New top story on Hacker News: Tagging Along with Italy’s Unexploded Bomb–Hunters
Tagging Along with Italy’s Unexploded Bomb–Hunters
6 by CapitalistCartr | 0 comments on Hacker News.
6 by CapitalistCartr | 0 comments on Hacker News.
Monday, June 20, 2022
New top story on Hacker News: Tell HN: Instagram demands I send a picture of myself to prove I own my account
Tell HN: Instagram demands I send a picture of myself to prove I own my account
162 by jdthedisciple | 87 comments on Hacker News.
So I tried to create an Instagram account yesterday. After registering, I was immediately told my account was disabled for suspicious activity, but that if I wished they would review it within 24 hours. Weird, I thought, but maybe it's just some rare false positive that can be triggered and I'm just unlucky. So I waited, patiently. After 24 hours I tried to log in again and to my surprise, my account wasn't just temporarily disabled anymore but permanently deactivated and I was met with this message: > Your account has been disabled for violating our terms. Learn how you may be able to restore your account. https://ift.tt/mTc4BX1 How can I allegedly have broken Instagram terms when I just created the account and even verified it by phone? So I visited that link and asked them to restore it. What I get is an email by facebook that demands I send them a picture of myself holding a paper that I wrote a specific code on. Verbatim the email is this: > Hello, thank you for contacting us. Before we can help you, you must confirm that you are the owner of the account. Please respond to this email and attach a photograph of yourself, where you hold a piece of paper with the following, handwritten code on it: *** Please make sure that the photo fulfills the following criteria: - shows the above mentioned, handwritten code on a clean piece of paper, followed by your full name and username - shows both of your hands holding the paper as well as your complete face - it is well-lit and not too small, dark or blurred - is attached as a JPEG-file to your response E-Mail Note: Even if this account does not contain and pictures of yourself or it represents somebody or something else, we can only help you when we receive a picture of you which fulfills these criteria. Am I the only one who finds this incredibly intrusive? I know I might be partially beating a dead horse here, as everyone knows Meta is pure evil. But this email really "gave me the rest". I wouldn't use IG for posting pictures of myself anyway but now I won't ever be using anything from Meta even for business reasons. Are there really no less intrusive ways than the above to prove ones ownership of account?? Why is email and phone verification not enough anymore these days? Is this the type of "progress" happening at FAANG? LOL
162 by jdthedisciple | 87 comments on Hacker News.
So I tried to create an Instagram account yesterday. After registering, I was immediately told my account was disabled for suspicious activity, but that if I wished they would review it within 24 hours. Weird, I thought, but maybe it's just some rare false positive that can be triggered and I'm just unlucky. So I waited, patiently. After 24 hours I tried to log in again and to my surprise, my account wasn't just temporarily disabled anymore but permanently deactivated and I was met with this message: > Your account has been disabled for violating our terms. Learn how you may be able to restore your account. https://ift.tt/mTc4BX1 How can I allegedly have broken Instagram terms when I just created the account and even verified it by phone? So I visited that link and asked them to restore it. What I get is an email by facebook that demands I send them a picture of myself holding a paper that I wrote a specific code on. Verbatim the email is this: > Hello, thank you for contacting us. Before we can help you, you must confirm that you are the owner of the account. Please respond to this email and attach a photograph of yourself, where you hold a piece of paper with the following, handwritten code on it: *** Please make sure that the photo fulfills the following criteria: - shows the above mentioned, handwritten code on a clean piece of paper, followed by your full name and username - shows both of your hands holding the paper as well as your complete face - it is well-lit and not too small, dark or blurred - is attached as a JPEG-file to your response E-Mail Note: Even if this account does not contain and pictures of yourself or it represents somebody or something else, we can only help you when we receive a picture of you which fulfills these criteria. Am I the only one who finds this incredibly intrusive? I know I might be partially beating a dead horse here, as everyone knows Meta is pure evil. But this email really "gave me the rest". I wouldn't use IG for posting pictures of myself anyway but now I won't ever be using anything from Meta even for business reasons. Are there really no less intrusive ways than the above to prove ones ownership of account?? Why is email and phone verification not enough anymore these days? Is this the type of "progress" happening at FAANG? LOL
Sunday, June 19, 2022
Saturday, June 18, 2022
Friday, June 17, 2022
Thursday, June 16, 2022
Wednesday, June 15, 2022
New top story on Hacker News: Are V8 isolates the future of computing?
Are V8 isolates the future of computing?
10 by pranay01 | 2 comments on Hacker News.
I was reading this article on Cloudflare workers https://ift.tt/1zxDvup and seemed like isolates have significant advantage over serverless technology like lambda etc. What are the downsides of v8? Is it poor security isolation?
10 by pranay01 | 2 comments on Hacker News.
I was reading this article on Cloudflare workers https://ift.tt/1zxDvup and seemed like isolates have significant advantage over serverless technology like lambda etc. What are the downsides of v8? Is it poor security isolation?
Tuesday, June 14, 2022
Monday, June 13, 2022
Sunday, June 12, 2022
Saturday, June 11, 2022
New top story on Hacker News: Ask HN: Is there a TV on the market without “Smart TV” features?
Ask HN: Is there a TV on the market without “Smart TV” features?
171 by nborwankar | 198 comments on Hacker News.
Or is there at least one where Smart mode can be turned off verifiably AND it doesn’t keep enticing you to turn it on by withholding ease of use or some convenience feature until you just give up?
171 by nborwankar | 198 comments on Hacker News.
Or is there at least one where Smart mode can be turned off verifiably AND it doesn’t keep enticing you to turn it on by withholding ease of use or some convenience feature until you just give up?
Friday, June 10, 2022
New top story on Hacker News: Google does not list application permissions in the Play Store any more
Google does not list application permissions in the Play Store any more
33 by datalist | 6 comments on Hacker News.
https://ift.tt/BADRKyG They had implemented that already a while ago, then reverted the behaviour, and now implemented it once again. It seems as if it was not "enabled" for everyone yet, however. They hid the permissions with each version better and better and apparently decided now, users don't need them at all.
33 by datalist | 6 comments on Hacker News.
https://ift.tt/BADRKyG They had implemented that already a while ago, then reverted the behaviour, and now implemented it once again. It seems as if it was not "enabled" for everyone yet, however. They hid the permissions with each version better and better and apparently decided now, users don't need them at all.
Thursday, June 9, 2022
New top story on Hacker News: Bluetooth signals can be used to identify and track smartphones
Bluetooth signals can be used to identify and track smartphones
12 by giuliomagnifico | 1 comments on Hacker News.
12 by giuliomagnifico | 1 comments on Hacker News.
Wednesday, June 8, 2022
Tuesday, June 7, 2022
Monday, June 6, 2022
Sunday, June 5, 2022
Saturday, June 4, 2022
Friday, June 3, 2022
New top story on Hacker News: Show HN: Plasmo – a framework for building modern Chrome extensions
Show HN: Plasmo – a framework for building modern Chrome extensions
29 by coldsauce | 7 comments on Hacker News.
Hey HN, we're excited to have people try out our framework! When we built out a Chrome extension earlier this year, we noticed that the config was too imperative. You had to constantly tell Chrome via the manifest.json file where your files were, what your permissions should be, etc. So we thought it might be interesting to build a more declarative framework. When we built a proof of concept, we enjoyed working with it and decided to invest more time into making it usable and adding more features. We're still pretty early in building it out, and there's a bunch more we want to add, but this feels like a good time to showcase it and hear what people think!
29 by coldsauce | 7 comments on Hacker News.
Hey HN, we're excited to have people try out our framework! When we built out a Chrome extension earlier this year, we noticed that the config was too imperative. You had to constantly tell Chrome via the manifest.json file where your files were, what your permissions should be, etc. So we thought it might be interesting to build a more declarative framework. When we built a proof of concept, we enjoyed working with it and decided to invest more time into making it usable and adding more features. We're still pretty early in building it out, and there's a bunch more we want to add, but this feels like a good time to showcase it and hear what people think!
Thursday, June 2, 2022
New top story on Hacker News: Show HN: I spent my vacation writing a modern JVM assembler
Show HN: I spent my vacation writing a modern JVM assembler
13 by noone_youknow | 3 comments on Hacker News.
13 by noone_youknow | 3 comments on Hacker News.
New top story on Hacker News: I'm Afraid We're Shutting Down
I'm Afraid We're Shutting Down
21 by RBBronson123 | 1 comments on Hacker News.
So it’s with deep professional and personal sadness that I must announce my plans to shut down 70 Million Resources, Inc., the parent company of 70 Million Jobs (the 1st national, for-profit employment platform for people with criminal records) and Commissary Club (the first mobile social network for this population). When I launched 70MR in 2016, I was motivated to build a company that could short circuit the pernicious cycles of recidivism in this country--cycles that destroy lives, tear apart families and decimate communities. I sought to disrupt the sleepy reentry industry by applying technology, focusing on data, employing an aggressive, accountable team, and moving with some urgency. And for the first time, approaching the challenge as a national, for-profit venture. This approach, which I named “RaaS,” (Reentry as a Service), turned out to be wildly effective, and by the beginning of 2020, we were delivering on our mission of driving “double bottom line returns”: build a big, successful business and do massive social good. With the help of Y Combinator and nearly 1,500 investors, I assembled a team and got to work. We succeeded in facilitating employment for thousands of deserving men and women and became operationally profitable. However, the pandemic had other plans for us. When it hit in force in March 2020, companies made wholesale terminations of nearly all our people, and continued their halt in hiring for two years. Our revenue dropped like a rock to almost nothing. I immediately responded by paring our expenses to the bone and began letting team members go. There was no opportunity to raise additional funding, so I began injecting my own money into the company—money I barely have—just to keep the lights on. When the economy and job market began storming back, we were inundated with inbound requests for our services. Our perseverance seemed to be paying off. Except now we were hit with a new gut punch: “The Great Resignation.” Now our workers were reticent to come back to work. And if they did accept a job, they’d often leave after only a few days. It became obvious that we lacked the resources to weather this new storm while hoping and praying the world would normalize soon. (It still hasn’t.) Our coffers are empty. We’ve incurred a relatively small amount of debt (that I personally guaranteed) that I hope to negotiate down. All employees have been paid what they were owed (except for me). I will explore sale of assets we hold. On a personal note, I can’t tell you how grateful and humbled I’ve been that many would entrust their investment or business with me. For a person who’s done time in prison (me), it’s almost impossible to ask for someone’s trust. I have not yet forgiven myself for things I did which ultimately got me into trouble. But I will be eternally grateful to those that assisted me in my efforts to settle the score and win back my karma. From the beginning I was blessed by an unbelievable team of smart, funny, passionate young people who shared my ambition to cause change. They stuck with me/us until the very end. I’m most saddened by the millions of formerly incarcerated men and women who we won’t be able to help. These are some of the most sincere, honest, and heroic people I’ve ever met. It was my life’s honor to work with them. I’m pretty sure I’ll continue my reentry work. Several prominent organizations have indicated their interests in me assuming a leadership role. I need to work, and I need to continue my work. I’m so sorry for this outcome, despite the good we’ve done. I’m not sure we could have done anything differently or better, but ultimately, I take full responsibility. Needless to say, if you have any thoughts or suggestions, please don’t hesitate to reach out, here or at Richard@70MillionJobs.com. This has been the greatest experience of my life; it couldn’t have happened without my getting a second chance. Richard
21 by RBBronson123 | 1 comments on Hacker News.
So it’s with deep professional and personal sadness that I must announce my plans to shut down 70 Million Resources, Inc., the parent company of 70 Million Jobs (the 1st national, for-profit employment platform for people with criminal records) and Commissary Club (the first mobile social network for this population). When I launched 70MR in 2016, I was motivated to build a company that could short circuit the pernicious cycles of recidivism in this country--cycles that destroy lives, tear apart families and decimate communities. I sought to disrupt the sleepy reentry industry by applying technology, focusing on data, employing an aggressive, accountable team, and moving with some urgency. And for the first time, approaching the challenge as a national, for-profit venture. This approach, which I named “RaaS,” (Reentry as a Service), turned out to be wildly effective, and by the beginning of 2020, we were delivering on our mission of driving “double bottom line returns”: build a big, successful business and do massive social good. With the help of Y Combinator and nearly 1,500 investors, I assembled a team and got to work. We succeeded in facilitating employment for thousands of deserving men and women and became operationally profitable. However, the pandemic had other plans for us. When it hit in force in March 2020, companies made wholesale terminations of nearly all our people, and continued their halt in hiring for two years. Our revenue dropped like a rock to almost nothing. I immediately responded by paring our expenses to the bone and began letting team members go. There was no opportunity to raise additional funding, so I began injecting my own money into the company—money I barely have—just to keep the lights on. When the economy and job market began storming back, we were inundated with inbound requests for our services. Our perseverance seemed to be paying off. Except now we were hit with a new gut punch: “The Great Resignation.” Now our workers were reticent to come back to work. And if they did accept a job, they’d often leave after only a few days. It became obvious that we lacked the resources to weather this new storm while hoping and praying the world would normalize soon. (It still hasn’t.) Our coffers are empty. We’ve incurred a relatively small amount of debt (that I personally guaranteed) that I hope to negotiate down. All employees have been paid what they were owed (except for me). I will explore sale of assets we hold. On a personal note, I can’t tell you how grateful and humbled I’ve been that many would entrust their investment or business with me. For a person who’s done time in prison (me), it’s almost impossible to ask for someone’s trust. I have not yet forgiven myself for things I did which ultimately got me into trouble. But I will be eternally grateful to those that assisted me in my efforts to settle the score and win back my karma. From the beginning I was blessed by an unbelievable team of smart, funny, passionate young people who shared my ambition to cause change. They stuck with me/us until the very end. I’m most saddened by the millions of formerly incarcerated men and women who we won’t be able to help. These are some of the most sincere, honest, and heroic people I’ve ever met. It was my life’s honor to work with them. I’m pretty sure I’ll continue my reentry work. Several prominent organizations have indicated their interests in me assuming a leadership role. I need to work, and I need to continue my work. I’m so sorry for this outcome, despite the good we’ve done. I’m not sure we could have done anything differently or better, but ultimately, I take full responsibility. Needless to say, if you have any thoughts or suggestions, please don’t hesitate to reach out, here or at Richard@70MillionJobs.com. This has been the greatest experience of my life; it couldn’t have happened without my getting a second chance. Richard
Wednesday, June 1, 2022
Subscribe to:
Posts (Atom)