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6-hour Loss-of-Control Risk (LCR, open-source winter driving risk) charts for the first half of December, showing the storms/clippers in the Midwest, Mid-Atlantic storms, lake effect snow & freezing fog episodes. Server is now producing full-screen zoomable maps and KML files.

20,831 次观看 • 8 个月前 •via X (Twitter)

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At the G20 Summit, I outlined the impact of Hurricane Melissa, one of the most powerful storms ever recorded in the Atlantic. While the full economic toll will take months to finalize, early estimates already show catastrophic losses. For Jamaica, and for small island developing states across CARICOM, the climate crisis is not abstract. It is an immediate and existential threat. A single climate event can erase decades of development and destabilise public finances overnight. Disaster risk reduction is therefore not optional, it is central to our national survival. Jamaica is determined to rebuild stronger and more resilient. We have activated our disaster-risk financing framework to support immediate response and recovery. But the scale of devastation exceeds what small economies can manage alone. I extend sincere appreciation to our international partners whose support has been critical. The unprecedented strength of Hurricane Melissa, following recent storms such as Hurricane Barry, underscores the urgency of global action. The world must adhere to the 1.5-degree target. Failure to act will guarantee more frequent and more destructive storms for countries like ours. Resilience must guide us. Investing in resilient infrastructure, diversified energy systems, and preparedness is simply sound economics. We call on G20 members to provide climate finance at the scale and concessionality required to rebuild, expand risk-transfer mechanisms, and strengthen agricultural systems that sustain livelihoods. Jamaica is committed to a just energy transition and to achieving at least 50% renewable electricity by 2030. But achieving these goals demands partnership, technology, financing, and capacity-building from major economies. Let us build the partnerships necessary to strengthen resilience and accelerate the transition to clean energy for the benefit of present and future generations.

Andrew Holness

10,436 次观看 • 9 个月前

Marc Andreessen explains the “Onion Theory of Risk” “I think the single-biggest thing entrepreneurs are missing — both on fundraising and how they run their companies — is the relationship between risk and cash. I’ve always been a fan of something Andy Rachleff taught me years ago. He calls it the ‘Onion Theory of Risk.’” You can think of a day 1 startup as having every conceivable kind of risk: founding team risk, product risk, technical risk, market acceptance risk, revenue risk, cost of sales risk, viral growth risk, etc. A startup is basically just a long list of risks, and as Marc explains: "The way I think about running a startup is the way I think about raising money. It's a process of peeling away layers of risk as you go." You raise seed money to peel away the first two or three risks (e.g. founding team risk, product risk, initial launch risk). You raise the Series A round to peel away the next layer of risks (e.g. recruiting risk, customer risk, revenue risk, cost of sales risk) And so on. Basically, you're peeling away risk as you're achieving milestones. And as you achieve milestones, you're both: making progress on your business and justifying raising more capital. So in terms of fundraising, you should be calibrating the amount money you're raising to the risks you need to pull out of your business for you to raise your next round. For example, if you're raising your Series A round, the best way to do that is to say to investors: "I raised a seed round then achieved ____ milestones and eliminated ____ risks. Now I'm going to raise $ X for the Series A to achieve ____ milestones and eliminate ____ risks. This will get the company to ____ state for the Series B round. " This seems fairly obvious, but as Marc points out, it's a much more systematic way of going about things versus just raising as much money as possible, renting fancy offices, and hiring as many people as you can to grow as fast as you can. The more money you raise, the more you dilute your ownership stake in your business so it pays to be thoughtful. Raise the capital you will need to achieve the milestones and eliminate the risks required for your next financing round. It also probably makes sense to give yourself some margin as safety because things never go exactly as planned in startup land. Video source: Y Combinator (2014)

Startup Archive

63,294 次观看 • 1 年前