jonfromsf

9 ms·

91.
by jonfromsf 5y ago
NO. If the rich person dies the value steps up on inheritance, And nobody pays capital gains tax. (Although they do pay inheritance tax, which basically makes the most sense when thought of as a stopgap measure to plug this loophole.)
92.
by jonfromsf 5y ago
because it makes money. Why would they want to stop it? People have a weird mental model where they think private companies are the government. They're just a group of people getting paid to make money for investors.
93.
by jonfromsf 5y ago
Yes in fact artwork has traditionally been used for this sort of thing as well. It's the kind of thing that could sell for a million dollars, without any way for an outsider to determine that this is a fair price. NFTs just supercharge
94.
by jonfromsf 5y ago
It's because there's no price, so you can use it to justify money that came from elsewhere. Like if I made a million dollars selling drugs, I can put up an NFT, create a straw buyer (really me) who buys it from me for a million do
95.
by jonfromsf 5y ago
When Rhode Island accidentally legalized prostitution, rape dropped dramatically. https://www.washingtonpost.com/news/wonk/wp/2014/07/17/when-...
96.
by jonfromsf 5y ago
That was a very thoughtful and lovely post. Thank you for sharing that.
97.
by jonfromsf 5y ago
A good magician never reveals their tricks.
98.
by jonfromsf 6y ago
It's true. There was no fundamental lie at the heart of WeWork. It was just bog standard over-exuberance of markets and west coast woo-woo BS.
99.
by jonfromsf 6y ago
I remember my dad telling me that if he had been accused of being a Communist during the McCarthy red scare, he would have said or done whatever was asked of him (named names, etc) so that he could keep working and supporting his family. I
100.
by jonfromsf 6y ago
Why would you need to be a great coder to be a Product Manager? The challenge will be proving your product chops. Being a bad coder is quite good enough technically to be a good PM.
101.
by jonfromsf 6y ago
The dreaming of fixing an issue is funny. You can take advantage of that by stopping when you are stuck. A lot of times your brain will cook up a fix during the night and it will be waiting for you in the morning! I haven't noticed tha
102.
by jonfromsf 6y ago
I mean strike prices are usually unrealistically LOW, as low as they can be without being fraud. There's a whole industry of 409a valuations that is used to legally say "we're selling preferred stock to investors as a 50MM va
103.
by jonfromsf 6y ago
Do you happen to remember what documentary/ what person was this?
104.
by jonfromsf 6y ago
Sell half once it doubles. Then you can tell yourself you're playing with the houses money and you never sell unless you realize it's a bad investment.
105.
by jonfromsf 6y ago
This is amazing to watch.
106.
by jonfromsf 6y ago
This was corporate myth-making. They did it to drive home the point that Amazon was a scrappy place. Obviously it wasn't a logical decision from a pure cost basis. But from a story-telling perspective it was a heckin' home run.
107.
by jonfromsf 6y ago
My kids LOVE making spreadsheets. They use it to track points in various competitions and games and stuff like that. The script is actually a good entry point into programming too (simple stuff like SUM and AVERAGE, and constants like $A$1
108.
by jonfromsf 6y ago
This was a major plot point in the movie "Where'd you go, Bernadette". Wife of a Microsoft executive hands over all the family information to a virtual assistant that is actually a Russian identity fraudster.
109.
by jonfromsf 6y ago
Putting frets on your fiddle is a brilliant idea. Well done!
110.
by jonfromsf 6y ago
Slow play to your cliff. Then offer to accept your current vested equity, and let them negotiate you down a small discount on that. Like you will own 10% of the company, be OK with going down to 8% or whatever.
111.
by jonfromsf 6y ago
No one will loan to an LLC without a personal guarantee from the founder. LLCs protect against legal liability, not against financial liability for debt.
112.
by jonfromsf 6y ago
In what way? I went through a TikTok phase a few months ago. The most salient thing I noticed was the total absence of political content, relative to Facebook/Twitter.
113.
by jonfromsf 6y ago
Thats true. But you don't need that versatility or reliability a lot of the time. For a bog-standard webapp that talks to a database, gets decent traffic, and is growing at a reasonable pace (say doubling every year), dedicated hosting
114.
by jonfromsf 6y ago
Hey sorry to derail from the larger point but I am super curious. Can you explain the registration thing to me? How does it help to be driving a car registered to someone else? I feel like that would make a cop more suspicious / be har
115.
by jonfromsf 6y ago
Boil it for 8 min 30 seconds. Cool it in cold water for 60 seconds right after.
116.
by jonfromsf 6y ago
You can rent racks of servers from a dedicated hosting provider and spend 10X less than AWS. You don't need to do you own wiring and HVAC and shit.
117.
by jonfromsf 6y ago
Kindles suffer this problem. The battery lasts forever so you never get in the habit of charging them. Then you get caught out and it's at 0% and you can't read your book. Too much battery capacity is surprisingly harmful.
118.
by jonfromsf 6y ago
They don't care about the perverse incentives. In general people don't care about "society", they care about their own situation. If they can stunt on you and get some social points out of it they will do so.
119.
by jonfromsf 6y ago
I use ketamine for depression. I get it by IV every 2-3 months at a clinic, and the effect seems to last about that long. Haven't had any bad side effects so far.
120.
by jonfromsf 6y ago
Some people I have talked to are seeing this in their workplaces. They are having to tell the engineers not to work too hard so they don't burn out. Seeing 2+ hours a day of extra work.

More ›