olieidel

8 ms·

31.
by olieidel 1y ago
What about a software company founded in Germany by someone who grew up in another country, and accordingly got their education elsewhere? What if that company is a remote company which hires people all over the world, and none of those peo
32.
by olieidel 1y ago
Good points! 1. Yeah, valid - I was assuming the default case of "you founded your company in Germany and are moving away at some stage". In that case, you could deduct the initial share capital (often €25k) from the valuation, as
33.
by olieidel 1y ago
Also: - A printer (the most important equipment of any German startup founder) - Envelopes for letters - A stamp with your company name (some companies and agencies you deal with require you to stamp things, because a stamp obviously proves
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by olieidel 1y ago
Yup, this is possible. It would have to be at some fair market value, and you'd (obviously) have to tax that in Germany. And depending on how much you trust your buddy, you might or might not have to draft up some complicated legal fra
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by olieidel 1y ago
True! The purpose of my post was more to zoom in on the very specific case of people with small businesses, and not explain exit tax in general. I wrote up another post with more generic notes on the exit tax [1] which might be a better pos
36.
by olieidel 1y ago
While rather sarcastic, your comment does hit an interesting point: How much does the infrastructure and society of any given state contribute to the "building" of a company? I'd argue that, for software companies, not very m
37.
by olieidel 1y ago
Exactly. And they, by default, use a very high multiple (13.75) for calculating the value of your shares.
38.
by olieidel 1y ago
Author here. Sure, here are the sources: - First off, your assumption is wrong that only the increase in value gets taxed. No, the entire value of your holding gets taxed, see § 6 Abs. 1 Satz 1 Außensteuergesetz (AStG) [1]. - The facto
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Exit Tax: Leave Germany before your business gets big(eidel.io)
399 points by olieidel 1y ago|540 comments
40.
by olieidel 1y ago
revenue != profit People tend to forget this outside of the Tech / VC / YC bubble. OpenAI is losing a brutal amount of money, possibly on every API request you make to them as they might be offering those at a loss (some sort of &
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Equal Salaries for Remote Workers: What Is Equal, Anyway?(eidel.io)
2 points by olieidel 1y ago|0 comments
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by olieidel 1y ago
Yeah, 100% agreed!
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by olieidel 1y ago
Citation #1: Navigate to https://ec.europa.eu/budget/financial-transparency-system/an... 1. Enter "subject of grant or contract" = "eudamed" [enter] 2. Receive the numbers until 2022 inclusive
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by olieidel 1y ago
Compare this with Cloudflare: 1. Open website 2. See the IP 1.1.1.1. Copy. Done. I do get your point - and, sure, the EU website is not catastrophically terrible. But, damn, if I'm looking for a DNS, I just want the IP, I don't wa
45.
by olieidel 1y ago
Sigh. 1. Looks like the cost of this project so far is already ~€1M. Does it really take you a million Euros to set up a DNS server? (Just did a quick research in the EU's financial transparency system [1], I entered "dns4eu"
46.
Digital Dinosaurs Supervising Medtech: Getting Audited by the Berlin Authorities(eidel.io)
12 points by olieidel 1y ago|1 comments
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Build a Consulting Business Before You Build a Product Business(eidel.io)
3 points by olieidel 1y ago|0 comments
48.
by olieidel 2y ago
Help me understand this: European companies have already been interested in choosing for European alternatives instead of AWS, Azure, etc. for years . Sure, this interest has recently gone up significantly, but it already was there, especi
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No Co-Founder Needed: Being a Solo Founder(eidel.io)
2 points by olieidel 2y ago|0 comments
50.
by olieidel 2y ago
+1 on this. I did my thesis on Glioblastoma-related imaging stuff [1]. The state of the art at the time (~2016) was that, realistically, none of the current treatments were "great", unfortunately. In short, you have 1) surgery, 2)
51.
Running a Profitable SaaS Company Is Brutal, Brutal Pain(eidel.io)
2 points by olieidel 2y ago|0 comments
52.
by olieidel 2y ago
The whole monetization and organization around ISO standards feels super shady. One lesser known hack is to search the friendly Estonian site [1] for a cheaper version of the standard - they often create their own versions of the standards
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by olieidel 2y ago
Even something as magical as a RAID won't make a technician instantly teleport to your server, power it down in zero seconds, swap out the hard drive and boot it back up in another zero seconds. OPs comment is valid - physical servers
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by olieidel 2y ago
Not at all. As soon as you get VC money, your valuation likely is in the millions, and then you're already way beyond the threshold. Good luck with the exit tax then. Many sub-aspects of this are debatable, of course: Is VC money good?
55.
by olieidel 2y ago
> I feel like in the span between them there are far more companies for which Kamal is not enough. I feel like this is a bias in the HN bubble: In the real world, 99% of companies with any sort of web servers (cloud or otherwise) are run
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All My Hacks for Founding a Company in Germany (and Running It)(eidel.io)
4 points by olieidel 2y ago|0 comments
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Vitamin B12: You Should Probably Be Injecting Hydroxocobalamin(eidel.io)
5 points by olieidel 2y ago|0 comments
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The EU AI Act Is Here. We're Screwed(eidel.io)
3 points by olieidel 2y ago|2 comments
59.
Is GDPR Saving 2,920 Lives per Year?(eidel.io)
2 points by olieidel 2y ago|1 comments
60.
by olieidel 2y ago
Donations via in-app purchases. This is not hard to find out.

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