I assume if you put in 100 mn at a 12 bn valuation in the last round, you're either getting 100 back at 1x pref or you're screwing over the common even more?

Considering the 12bn round was back in 21, I'd expect most of the employee base to be taking a haircut on the value of their options.

assume it's the $1.2bn paid back to investors and then some divvying of the remaining amongst investors, founders, and common

Fintech trading poorly. Also Brex didn't successfully make the AI pivot like their competitors at Ramp

Fintech exuberance was a symptom of zirp. Brex enabled more credit to folks who couldn't otherwise get credit without a personal guarantee. Zirp and exuberance is over at this point in the credit super cycle. AI doesn't help those fundamentals. Valuations are trending towards fundamentals (based on interest rates, discounted cash flows, etc).

Capital One is paying a fair price for the customer base and infra imho to add to their business customer portfolio.

Congrats to Brex et el on their incredible journey.

Fintech of that cohort is trading poorly, if they haven't found a way to survive post-ZIRP. Many have not.

Dear god. This reminds me of all of the things in Google that are "load bearing" and have to be owned by random gmail accounts instead of formal service accounts or org accounts.

How long has this one been on the roadmap for? (since you actually work for github)

Tbc apps can be owned by orgs today, but the process is annoying - devs create the app and then transfer it to the org, and then are made managers of the app. Really high overhead.

It's part of the push we've been making over the last year or two to improve custom roles and finer-grained authorization for resources.

subbed audio training data (much better than cc data) is better

How do you stop the better people from moving out of India (and/or to another firm) once they have your work exp on their resume?

Q: How do you stop anyone from moving to a better company or better-paying role?

A: You don't. Unless there isn't a better company or better-paying role.

If a person is motivated to move out of the country altogether it's got nothing to do with you and there's nothing you can do.

With higher salaries (is happening) and better quality of life (I do not know, do not life there). Within company obviously quality of the culture matters there.

However considering how things are worldwide right now, I think that trend stops soonish.

Idle side note: surprised that https://github.com/anthropic is just some random dude in Australia

Is there an updated soul document?

I don't think OP is looking for context from the AI model perspective but rather a process for maintaining a mental picture of the system architecture and managing complexity.

I'm not sure I've seen any good vendors but I remember seeing a reverse devops tool posted a few days ago that would reverse engineer your VMs into Ansible code. If that got extended to your entire environment, that would almost be an auto documenting process.

Context rots when it stays implicit. Make the system model an explicit artifact with fixed inputs and checkpoints, then update it on purpose. Otherwise you keep rebuilding the same picture from scratch.

Im honestly looking for both. I haven't found a vender to do this well for just humans nor am I seeing something that can expose this context, read only, to all of the ai agent coding models

I will check that tool out.

I'm seeing a lot of duplication in our AI coded repos that is getting to the point of being problematic to maintain.

history doesn't repeat but it definitely rhymes