SeoxyS

26 ms·

211.
by SeoxyS 11y ago
Over 50% of government expenditure is on social security, medicare, medicaid, welfare, and other social services. A large percentage of that is inefficient and wasted. If you implemented UBI, you could get rid of all of that. Sure, the cost
212.
by SeoxyS 11y ago
A job guarantee has similar results to heavily unionized labor: inefficiency. People waste their time doing things that don't matter. Basic income is great because it provides everyone a safety net efficiently . With basic income, the
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by SeoxyS 11y ago
Buffer has raised a 3.5M Series A. GitHub has a quarter billion dollar in funding. Bootstrapping doesn't have to be an eternal culture, it might just be what makes sense in the early days of a company, and it might no longer make sense
214.
by SeoxyS 11y ago
> Myth #4: Most angel investors are millionaires. Calling this a myth is absolutely false and misleading. In the US (and in most other countries), there are laws requiring all investments in non-registered securities to be made by accred
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by SeoxyS 11y ago
Timezones sounds like the most likely reason.
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by SeoxyS 11y ago
Indochina Sea has a nice ring to it and is mostly accurate.
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by SeoxyS 11y ago
The real problem comes from the fact that any amount of stock that would generate significant return becomes prohibitively expensive to exercise. If you're granted 100k shares at $5/share, and they could eventually sell at $15&#x2
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by SeoxyS 11y ago
The dramatic difference in price is really between pre-funding to post-funding. e.g. I know many companies where options were granted at 1c a piece, even as seed notes and safes were given out, but as soon as the Series A equity round hits,
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by SeoxyS 11y ago
In the US, with enough foresight, they can be purchased through a Roth IRA, which would prevent any tax from being applied. The (major) caveats are three-fold: 1) The money cannot be touched until retirement. So… if it turns out to be Uber
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by SeoxyS 11y ago
> - The Unabomber Manifesto - Ted Kaczynski That's a really weird thing to have as a favorite writing and to advertise.
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by SeoxyS 11y ago
The problem with refresher grants (and the thing that people don't understand) is that they tend to be near worthless due to the strike price. If the company is doing well, and you've stuck around for several year, the price on th
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by SeoxyS 11y ago
Any stock option worth anything will take 5-10 years to return. You'll know early on if it fails, but any acquisition within the first couple years won't return much to the rank and file.
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by SeoxyS 11y ago
SPVs. Special Purpose Vehicle is what they're called.
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by SeoxyS 11y ago
Yup, eventually. For me, it's one of the huge benefits of working at AngelList. VCs, Angels, and LPs walk in and out of the office every day, and I live and breath VC every day, while still working at a startup. I've learnt more a
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by SeoxyS 11y ago
I don't know anything about 10M, just responding to the parent comment that said "Jokes on me though, they just pulled in 10M."
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by SeoxyS 11y ago
After raising 33M from VCs, a 10M exit leaves everybody with nothing… Likely, the investors got some cash for the IP, and the rest went into retention bonuses.
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by SeoxyS 11y ago
My new favorite is soda water with a splash of bitters. Gives you an effectively-nonalcoholic drink that's more interesting looking than pretty much anyone else's at the table. It's also a great drink to have when you're
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by SeoxyS 11y ago
> It invented new models of delivering affordable housing and health care. It invested deeply in public space, from parks to bike lanes. It adopted a transit-first policy Is that really true? San Francisco, as much as I love it, never st
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by SeoxyS 11y ago
Do you have to request the comp? I've never been offered compensation for the often broken entertainment system, wifi, or power (as UA Gold).
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by SeoxyS 11y ago
I think this is entirely misguided. People have selective memory: all but one of these companies had multiple founders. Hell, most companies we associate today with a single person had more than one founder. It's just that one held the
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by SeoxyS 11y ago
A UA saver award on business is 115k miles roundtrip international. You could fly from San Francisco to anywhere in Europe in business class and back for 115k miles + ~$10.
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by SeoxyS 11y ago
Unfortunately, the mile multiplier you earn at higher statuses only applies to award miles, not EQMs, so it doesn't make it any easier to attain / retain status.
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by SeoxyS 11y ago
The million mile lifetime status is based on "Lifetime Flown Miles," which is different than EQMs (elite-qualifying miles), and "Award Miles." EQMs reset every year, and are used only to set your frequent flyer status le
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by SeoxyS 11y ago
Related question: Are there any well-known & admirable companies that have gone through layoffs early in their lives?
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The Future Investor Angel Course(futureinvestor.co)
8 points by SeoxyS 11y ago|0 comments
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by SeoxyS 11y ago
If Windows Phone were to become a real business (not saying it will), it'd be software subsidized. Ad & hardware are not the only options.
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by SeoxyS 11y ago
So are fossil fuels, and pretty much everything else on earth, including life itself. Carbon-based fossil fuels are simply very old plants which have stored and concentrated solar energy. The only non-solar non-fusion energy I can think of
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A Walk Around Chernobyl [video](youtube.com)
114 points by SeoxyS 11y ago|45 comments
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by SeoxyS 11y ago
> Not a linguist but a writer here who loves language. You're probably demonstrating this on purpose: your very first sentence is itself an example of dropping a pronoun + verb.
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by SeoxyS 11y ago
That's the value in derivatives. Equidate & others like it avoid all these problems by selling the economic interest of the stock without adding shareholders.

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