patio11

93 ms·

421.
by patio11 8y ago
I'm a (tiny) LP in TinySeed (Rob's fund), another effort with similar thesis, and am broadly supportive of these experiments generally. Speaking solely for myself, but gesturing in the general direction of my peer set: there exist
422.
by patio11 8y ago
Thanks, that made my morning!
423.
by patio11 8y ago
I also signed up for Stripe in 2011. The Terms of Service mentioned Wells, beginning in the first paragraph. You might want to look in your files and/or the Wayback Machine. https://web.archive.org/web/201110170814
424.
by patio11 8y ago
Speaking generally: Stripe provides an abstraction layer, such that there may not be a 1:1 mapping between features of our platform that you use and particular providers. We also have technical and operational teams, such that when an under
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by patio11 8y ago
(I work at Stripe.) This does not impact Stripe customers at this time. Specifically, the Stripe API and Instant Payouts are functionally normally. (We're aware of the issues Wells Fargo is experiencing, and have an incident response s
426.
by patio11 8y ago
Senior ICs get heavy leverage out of so-called soft skills and should feel free to include material successes with respect to them on their resumes and sales pitches. e.g. Who / how many folks did you mentor, what technical directions
427.
by patio11 8y ago
Payday loans structurally require you to be banked. The offering is "I will advance you $400 in cash today for a $415 check dated in a week. You can come back and buy your check back for $415. If you do not, I will deposit it." Th
428.
by patio11 8y ago
Thanks, will get it fixed.
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by patio11 8y ago
Netflix has, in fact, paid $100 million in income taxes in 4 of the last 5 years and $80 million in the 5th. They just paid most of last year’s outside the US, to the tune of $130 million. For more details, see annual report.
430.
by patio11 8y ago
Yep. You can either write code for it or use Radar to block the charge by fingerprint (write a rule once in your Stripe dashboard to block cards on a blocklist, add a fingerprint to the list when you identify an abusive customer, done). Thi
431.
by patio11 8y ago
Ran a business selling one-time digital purchases for years and have talked with many, many other people with similar businesses. We're basically unanimous on this: offer the guarantee, reap the marketing win, pull less hair out when d
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by patio11 8y ago
Mind if I ask what is motivating this? Is it "You want to have your next-of-kin benefit from the income stream?" Then rather than doing hard software engineering you should do easy financial engineering and purchase term life insu
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by patio11 8y ago
This is an option at many financial institutions and often required above a certain level of transaction, but retail customers don't hear about it quite so often because it's in the general category of "If you have to ask, yo
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by patio11 8y ago
As I stated downthread, this claim hitting the exclusion feels very plausible to me. Hostile acts by a foreign government are excluded. The US national security apparatus is so convinced that they have Russia dead to rights on this that the
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by patio11 8y ago
“What kind of claims does Zurich pay our, Patrick?” Fire at a port in China; $600 million in losses from single incident, with the meter still running. https://www.insurancejournal.com/news/international/2015/
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by patio11 8y ago
This was also true at Mt. Gox, FWIW, as reported by an employee that I find credible. The sector is clownshoes. We should not be surprised by clownshoes behavior in it. There is a spirited debate on whether a putative financial firm with 9
437.
by patio11 8y ago
The thing you’re buying from an insurance company is “Can you pay me in case of a covered claim?” not “Can you pay me if I need money because something bad happened?” If you buy medical insurance and file a claim because your house burned d
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by patio11 8y ago
“Reasonable doubt” is a term of art in law. Your use of the term does not agree with how the legal field understands it. “Preponderance of evidence” is another term of art, which is a strictly lower burden to meet than “beyond a reasonable
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by patio11 8y ago
“The US government has publicly claimed this was a hostile act by Russia” wins that argument, trivially, in a US courtroom. And it will be a civil trial; the standard will be “preponderance of evidence.”
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by patio11 8y ago
The insurance company’s argument is “When we gave your lawyers a bespoke contract that said ‘Irrespective of whether a loss would otherwise be covered or not, we will not pay any claim which...’, what precisely did you think we meant?” They
441.
by patio11 8y ago
I was offered a rider on my last business insurance policy, for about a 5% premium increase. It was labeled the Terrorism Rider but the legal code was war, acts of state-sponsored violence, etc etc. If you don’t buy that rider, and someone
442.
by patio11 8y ago
As someone who ran a solo consultancy for a few years and probably was not exploiting myself, I think you're undervaluing what an employee W-2 consultant gets from their employer and also what the client gets from what you describe as
443.
by patio11 8y ago
I definitely agree with that point; I'm trying to anticipate the question "Why isn't their opening bid $150k given $165/hour?" (Because they'd go out of business.)
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by patio11 8y ago
Depends on the business, but most of the 40% is employer contributions to payroll tax, health insurance, and other per-employee costs, and the 20% overhead is "general and administrative" (office manager, professional services, co
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by patio11 8y ago
A fair salary is the one you shake hands on. It will largely be set by your value on the market and what you can successfully negotiate, not by your employer's unit economics. But let's talk unit economics of consultancies, since
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by patio11 8y ago
Don't want to personalize this but, since we're mutually reflecting on the sociology of talking about running a company and dealing with external perceptions: the specific names of the pessimists may change but there is absolutely
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by patio11 8y ago
Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist, Brad Feld.
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by patio11 8y ago
Investors don't vest and (to a first approximation) can't be fired. (They can constructively "quit", by refusing to answer your emails, but they keep all their equity and you keep all their money.) The question of whethe
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by patio11 8y ago
If this were true, you’d expect America’s largest banks to have had only 60 days or so of subprime mortgages on the books, which would have meant minimal exposure in the scheme of things. In the world we live in, Bank of America fell by 95%
450.
by patio11 8y ago
(Personal capacity.) SEA = Southeast Asia in this context? Try to get hired into finance or directly by a US company which considers software crucial to their business, and give the company cause to believe they are reasonably in competitio

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