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You would think so, given the sibling comment about how people would be incentivized to make under $40k, but according to their Launch HN [1]: "The $40,000 thr
by alehul 8y ago
You would think so, given the sibling comment about how people would be incentivized to make under $40k, but according to their Launch HN [1]:
"The $40,000 threshold is inclusive. So if their income is equal to our greater than $40,000, they owe 15%. If they ever dip below $40,000 payments stop until it goes back up to $40,000."
[1] https://news.ycombinator.com/item?id=19227441 https://news.ycombinator.com/item?id=19227441
- mstade 8y agoHey, thanks for the link! It seems odd to structure things this way but looking through that thread you linked to it seems they opted for simplicity. Not sure why this is simpler than 15% on the margin though.
- jsnider3 8y agoPresumably, they expect graduates to either make more than $47K or not get jobs.