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by jack7890
5999 days ago
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With regards to why we don't arbitrage, I answered this in another HN comment: http://news.ycombinator.com/item?id=823327. There are a number of reasons, but one of the biggest is transaction costs. With regards to the TAM, I totally agree that we dropped the ball when we were on stage. I guess the pressure of being under the bright lights got to us. But we do indeed know our TAM; if you happen to be interested I can send you an Excel model that calculates it. |
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It was just rough to watch the video -- I actually cringed.