mikemac

7 ms·

31.
by mikemac 10y ago
I really doubt any startup would let you see the cap table as a prospective employee, ahead of being hired full time. It's better to ask what percentage of the company your X amount of shares would be. Company A could offer 1,000 share
32.
by mikemac 10y ago
When the company raises an additional round, the new investors build in provisions that allow the founders to take money off the table. One example of this is IVP leading a round in Snapchat, and the two co-founders splitting $10M in exchan
33.
by mikemac 10y ago
I'd look at it from a different angle - you spend a lot ton of time and energy on your company and don't want to have to deal with issues that come with home ownership - it's easier to just call the landlord with any problem
34.
by mikemac 10y ago
HSA contributions are arguably better considering they are not subject to FICA.
35.
Why Poaching the Best Employees Is the Worst Mistake You Can Make(inc.com)
2 points by mikemac 10y ago|0 comments
36.
by mikemac 10y ago
Boston police (or transit police) does this randomly on the MBTA train system.
37.
by mikemac 11y ago
The company administrator for paid accounts would need to enable it.
38.
by mikemac 11y ago
Didn't Sacks make a ton of money from the Yammer deal though? I'm surprised he even took another job; thought he'd go the mostly full time angel/VC route. A COO for any company is not a cakewalk.
39.
by mikemac 11y ago
A large part of the insurance industry does not like the Zenefits business model (free software to be your broker), so I'd bet regulators are presumably getting a lot of pressure from the insurance lobby to do something quick.
40.
by mikemac 11y ago
strike gold would be a good brand to start with. they're available in the US but you definitely pay a premium
41.
by mikemac 11y ago
I actually am an ADP user/administrator. As crappy as their system is (I could go on for days), their domain expertise is unmatched. I wish a payroll startup would put resources into a nice UI and having some really season support too.
42.
by mikemac 11y ago
> a free product that performs the most important function of their very expensive product line There is zero chance I'd subject employees to a hacked together payroll system. Building one is far from trivial, considering the comple
43.
by mikemac 12y ago
This is the worst part in using Uber for a company. They won't consolidate on a monthly invoice (like most B2B vendors) so you end up with hundreds of Uber transactions on your credit card statement. It's a real pain to manage.
44.
by mikemac 12y ago
how many units do you manage? what would you guess you spend, time wise, managing the property per month?
45.
by mikemac 12y ago
I'm also ignorant of how the legal and insurance system works in India, but that seems like far too large of a liability if someone is injured while using your equipment.
46.
by mikemac 13y ago
Seems like once you rent and move enough beds, linens, tables, chairs, etc you'd have cut into your profit margin significantly.
47.
by mikemac 13y ago
Previous discussion: https://news.ycombinator.com/item?id=7233730
48.
by mikemac 13y ago
To his credit, it looks like he was there from the beginning as a co-founder. Being a sub 30 CFO seems to be the exception rather than the norm. I, too, am jealous though.
49.
by mikemac 13y ago
Planet Money did an excellent piece on just this - Cars Direct attempted something similar (and failed) in the late 90's. http://www.npr.org/blogs/money/2013/02/19/172402376/why-buyi...
50.
by mikemac 13y ago
Paying a use tax is often overlooked, especially when a significant amount of hardware purchases are made through Amazon which does not charge sales tax in MA (yet). If you are a controller, it is relatively easy to keep track of these purc
51.
by mikemac 13y ago
It's amazing that you can walk through Boston, pass dozens of cupcake and frozen yogurt businesses in high rent areas, but finding a baguette from a local merchant is near impossible. It must not be profitable or the demand just isn't there
52.
by mikemac 14y ago
It's great to see a solution to using larger payroll companies, the experience is generally terrible and their massive market share gives them no reason to improve. I'm more concerned with being able to integrate payroll with Expensify and
53.
by mikemac 14y ago
The flip side of that is you would decimate small market teams who don't have the funds to compete with much larger markets. That means "buying" power for salaries would be centralized to a handful of teams, while the rest of the league wou
54.
by mikemac 14y ago
Good read, a few things to add: - Even when you think you are getting a great deal by buying something on Amazon and not paying taxes, you still owe the state those taxes. Your accountant will know more, but you should be filing a Use tax a
55.
by mikemac 14y ago
I believe it's referring to this: http://bit.ly/IHTk05 .