I started to read this article and saw no mention of Sarbanes-Oxley. I searched for 'Sarbanes' and 'SOX'. How old is Farad Manjoo? How old is his editor? Or does this cluelessness come from the filter bubble of working for the New York Times?
That's a great point. I wish everything written by Farhad had a warning label on it for gross stupidity.
Sarb-Ox is clearly a big deal. However the bigger challenge facing these "stay private" companies is their massive need for cash. Traditionally, private companies generate a lot of positive cash flow which they use to support debt loads from either banks or the bond markets. These companies are starting to access the debt markets (witness Uber's large LOC and recent convert issuance) but without the cash flow to back up that debt. This will become an issue, because as of yet there is no private market for equity capital to be used to pay off debt at par - private equity and VC investors are not in that business as they have time-limited funds which need to produce positive cash returns in 7 - 10 years to pay back the LPs... The public markets represent the largest pool of permanent capital out there so unless the Unicorns stop bleeding cash they will have to come to the public markets eventually.
AMZN seems like the best possible outcome for these companies.
Here is his response: https://twitter.com/fmanjoo/status/616624526374256640 : "@seligerj a whole article about a complex issue and no mention of my pet interest that is just of many factors in the discussion!!!!??" Does anyone have good data / sources on the role of SarBox?
I worked in COBOL in the early 80s and despite its bad reputation, I found it was well-suited for the tasks I was asked to perform with it. (Compared to the other languages I knew at the time: C, BASIC, Fortran and Pascal)
Interestingly, the thing I liked best about COBOL was the PIC clause, which was actually a notation for formatted output. It beat the hell out of printf, that's for sure.
Guess I am one of the ones from 2 yrs ago, even though I am not aware this has already been 2 yrs. I thought last time was already last year... well, I can be easily mistaken. But I really wonder what those Pivotal accounts are supposed to be. Could be a reason to talk with some people if I had details
Most users on Hacker News use pseudonyms to better avoid the problems possible with having an online presence anywhere, though not all of us can be bothered. I suspect one regular commenter here, though, is associated with the Groovy/Grails developers at Pivotal.
I was at Cédric's talk at GR8Conf and he spoke about the performance and the memory footprint. Using @CompileStatic the performance is like a Java native application and the memory consumption is about the same.
I suggest you that keep an eye on the gr8conf web page and see the talk when is published.
Yes, if HATEOAS were actually done, all you'd need to do is have libraries for handling the content types used in the API, and with a suitable generic client library everything else would come for free.
But virtually no one does that with their APIs, and virtually no one builds client libraries on the assumption that services will do that, so there's something of a chicken-and-egg problem.