This seems more like propaganda. I come from a small village. No one in the village is jobless, or hard pressed to meet basic necessities. In fact there is acute labor shortage in agriculture.
I have a cousin who probably failed in his 10th grade. He picked up some driving skill, and works in one of the road construction companies. He recently got fired because he wanted to work from a different place, and the company didn't have an opening in that place. He found a similar job at his preferred place within a week. He has his own car, and saved enough to start a side gig setting up a pharmacy where he employs couple of people.
There is no dearth of work for people willing to work, and are flexible. It's a different matter if someone wants to find a cushy government job.
I lived in Indian villages for several decades. I have never seen a single instance of this "village bands together and gather resources to give that one kid a university education".
Of course, people do help each other etc.,
Nominal GDP is not the best way to compare countries in these matters. Purchasing power parity might be a better metric as we are talking about service Indians can get in their own country.
What happens if we mandate that hospitals cannot charge patients more than the lowest negotiated price they have for any procedure? That is to say, if you have offered to perform a procedure for $X, you can not charge anyone more than $X for the same procedure.
I don't think you mean portfolio value. That would mean YC actually owns $1T in the companies they funded, at their current valuation.
The following on YC front page is more meaningful:
"Our companies have a combined valuation nearing $1T."
Yes, the combined valuation number you cited is the one I was referring to. You're right that it's not correct to call this "portfolio value"; thanks for pointing out the mistake. (But it is still the correct number to compare SendGrid's $2B exit value to.)
Was reading about Apple's "Find My" network. This caught my eye:
"The traffic sent to Apple by finder devices contains no authentication information in the contents or headers."
This allows anyone to write a program and act as a finder device. You can report whatever location you want of the "found" device. Send your stalker to the location of your choice :)
> In addition to making sure that location information and other data are fully encrypted, participants’ identities remain private from each other and from Apple.
I don't know that it matters whether or not there's any authentication information. If you could get your Apple device to misreport its location (would need jailbreaking for iOS probably)[1], maybe you could fool the Find My network into reporting the AirTag is elsewhere.
[1]: This would likely need to be quite involved, considering location may be determined from a combination of IP, Bluetooth, WiFi, GPS, etc., although I'd be surprised if there aren't already tools available to do that, especially on macOS.
Is there any independent analysis of this end to end encryption of location data, that confirms that Apple can not really access the location even if they want to?
Ah! I read it as disk camera, and thought Kodak had cameras with hard disks for storage. For a brief time in the 2000s that may not have been such a bad idea.
Funny, they chose to call the company "East India company", instead of "South Asian company" :)