patio11

52 ms·

481.
by patio11 8y ago
At a point where I had something like eight years of operating history and showed a series of banks financial statements with mid six figures in revenue the overwhelming response was "Well we will not automatically punt out of the co
482.
by patio11 8y ago
I would expect stuff like that to happen super often but I don't think I have even heard of one real case like this. At the risk of stating the obvious: did this realization that reality fails to match your predictions cause you to q
483.
by patio11 8y ago
They probably don’t much care for you or for me, but at least some people will get audited every year, at which point they have the usual remedies: information sharing agreements with foreign governments and financial institutions plus “OK,
484.
by patio11 8y ago
How exactly does a shareholder notice the 'book value' of a company? Publicly traded companies are obligated to file quarterly reports which prominently list this number; Googling "$NAME book value" will bring it up fo
485.
by patio11 8y ago
The relevant thing would be shareholder equity (book value; assets minus liabilities) rather than market cap, in that impairment of assets at a financial firm is supposed to hit shareholders before it hits debt or depositors, that being a p
486.
by patio11 8y ago
The market seems to be geared toward self-employed professionals, such as dentists, rather than the typical tech worker. AFAIK private disability insurance folks love "typical" tech workers because they're less likely to
487.
by patio11 8y ago
Purse still offers 15%+ spreads on their homepage. Do you know who is willing to sell a cash equivalent for a 15% discount to face value? A carder. The 15% is their payment for services rendered.
488.
by patio11 8y ago
I work on Stripe Atlas. Your question is answered in a bit more detail here: https://stripe.com/docs/atlas#should (and the answer below that one). We have a number of product decisions to make about how we do things, s
489.
by patio11 8y ago
Hiya Dyeje. My name is Patrick. I was previously the CEO of a recruiting startup, have many friends who work at AppAmaGooBookSoft, and am broadly considered credible on HN. I do not work at AppAmaGooBookSoft and my financial exposure to the
490.
by patio11 8y ago
Random question for Thomas or the peanut gallery: would you be interested in reading How Consumer Credit Works if I were to lock myself in a room for a couple of days to write it?
491.
by patio11 8y ago
Japan is neither ethnically nor culturally homogenous despite an image at home or abroad regarding this; see Sugimoto’s Japanese Society if you want a book-length takedown of it. For an example of how this affects who can live where and how
492.
by patio11 8y ago
they're also the ones staffing bureau's overseas As someone with repeated direct experience with the elite corps that staffs their bureaus in Japan, I cannot provide evidence in favor of your hypothesis that they keep a special
493.
by patio11 8y ago
That’s not what the word counterparty means. You’re thinking “internalization.” An internalizer is not a counterparty to the position (“I think you will lose money”) they are a counterparty to the order (“I have extreme confidence that
494.
by patio11 8y ago
Lots to unpack there, but the “favorable” margins and low required funding they offered are illegal to offer precisely because they preferentially attract poor, unsophisticated people and mechanically increase the likelihood of their trades
495.
by patio11 8y ago
They told me that I come across as too "junior" in giving explanations despite my years of experience. This is a really useful factoid for you. You should at least try reviewing one of your past performances for "opportunit
496.
by patio11 8y ago
A master's degree will not materially improve your employment prospects but will cost a lot of money and years of opportunity cost. You should devote approximately one week to reading about how to interview better and practicing and th
497.
by patio11 8y ago
So how did they get LPs? I don't know what the pitch was prior to "I turned $100k invested in Robinhood into $20 million of paper gains" but I think I have a pretty good idea of the conversation after.
498.
by patio11 8y ago
Researchers getting sued: a little less rare (still pretty rare). A quick intuitive verification for this claim: when you buy an E&O insurance as a technologist they'll ask a lot of stupid questions (in the sense that you'll
499.
by patio11 8y ago
A buddy of mine similarly did digital signage for a mall in central Japan. The most important sign just aggregated Twitter accounts controlled by employees of the retail shops. By far the most successful emergent behavior: "Do you cut
500.
by patio11 8y ago
(I work on Stripe Atlas.) Would you mind sending us an email? We'll see what we can do.
501.
by patio11 8y ago
I would expect substantially every adjuster at every life insurance company in the United States to pay a claim for a life insurance policy which a non-specialist might think was bound but which was not factually bound yet given a death for
502.
by patio11 8y ago
I work in a fashion exposed to thousands of startups worldwide, and can report that many of them do factually raise money without having pre-existing connectedness to prestige investors. The only thing required to raise a seed round is to c
503.
by patio11 8y ago
Your mentors (broadly defined) will happily tell you that your idea rounds to valueless and that all of the value created happens over years of patient execution, much like the years of execution that they spent working on their most recent
504.
by patio11 8y ago
Definitely the case in Japan at least; Tokyo to Osaka on the Shinkansen is a $150 or so ticket and gets on the order of 500k passengers a day.
505.
by patio11 8y ago
If the emperor were ever naked, this would be it. I don't know if that analogy holds, since the emperor made a habit of writing amicus briefs to the Supreme Court arguing (metaphorically) "I'm nude and that's OK! Thoug
506.
by patio11 8y ago
This is what some engineering shops have as standard practice in Japan, which is a distinction with a difference.
507.
by patio11 8y ago
I have a joke about this which is reasonably descriptive of the mechanism: Japan has a 45 hour work week. Men work 80; women work 10. (If you prefer the non-joking version you can Google for social science research in Japanese or English; e
508.
by patio11 8y ago
I'm about to submit a pull request for http://dayssinceacryptocurrencyexchangehaslostmorethan100mil...
509.
by patio11 8y ago
You urgently need to speak to an accountant, ideally one who works frequently with (specifically) California tech companies, and you should very carefully follow their advice.
510.
by patio11 8y ago
You're welcome!

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