patio11

81 ms·

751.
by patio11 9y ago
A trivial example of LLCs being more efficient than C corporations for a sole proprietor is that, if you make a loss your first partial year running an LLC, you can deduct it against your personal income taxes incident to e.g. your employme
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by patio11 9y ago
I doubt he would phrase it the same way I did, but I am absolutely not materially misremembering the conversation in which he said, and this is a verbatim quote translated from Japanese, "[24 year old coworker], this is Patrick. He jus
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by patio11 9y ago
Partly this is a recognition that Japan Inc. has historically awarded a blended compensation package which includes salary, benefits similar to most first-world countries, and a host of non-pecuniary terms which are not broadly enjoyed acro
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by patio11 9y ago
I wrote a bit about this for the day job, but it's essentially same advice as I've given in ~10 HN comments over the years: https://stripe.com/atlas/guide#should-i-have-an-llc <not legal advice> You iss
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by patio11 9y ago
Fascinatingly, you can intentionally induce it. First Googleable cite I could find: http://www.glenn-apiaries.com/queenrear.html Agriculture: security research as applied to biology.
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by patio11 9y ago
You're not fooling anyone. You're assisting your user in navigating organizational complexity required to pay a preferred software vendor. At my previous companies, the only thing I would need to purchase software was an invoice&
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by patio11 9y ago
I'd always be happy chatting with an OSS project about monetization options -- email me any time, work-related or otherwise. I should also write about it a bit; thanks for reminding me to do so. Minor corrections: a) Atlas is built by
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by patio11 9y ago
Most prosaically, Chase moves money to the merchant, so that BoA doesn't have to move money to someone who is not their customer and who they have no direct relationship with. They just pay Chase a mindbogglingly large amount of money
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by patio11 9y ago
For more background on this (dating back to the halycon years of 19 86 ), see 'grellas's comment here: https://news.ycombinator.com/item?id=1137930 Though the notion that an IRS reclassification caused an employme
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by patio11 9y ago
It is hard to make an apples to apples comparison against Chrono Trigger, but you'd not be grossly wrong if you described BoW as having a 100X bigger map. It is also much, much more populated with things to do, enemies to beat, mushro
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by patio11 9y ago
The standard advice for someone in your situation is, in the short term, to contribute enough to max out your employer match and build up your liquid savings to cover ~6 months of your personal expenses. After that point, you can ramp up s
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by patio11 9y ago
This is what 99.99% of consistently profitable quants do. This is entirely incorrect. Quants do not, as a rule, run liquidity providing strategies with market orders. Market orders pay for liquidity; they are the buyers for what HFT is
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by patio11 9y ago
Can I make a comment which is not specific about this school, to which I have no connection, or to coding bootcamps? For-profit education is a regulated industry in the United States and is experiencing significant adversarial attention at
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by patio11 9y ago
Due to the way the US legal systems work, it is unlikely you'll be arrested for uttering if you bounce a $50k check as an accredited investor but far more likely it will happen if you bounce a $50 check as a welfare recipient. There a
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by patio11 9y ago
A related sales concept is forcing people to say no, even if you don't get a reason for it. This is why some very effective sales folks will follow up essentially forever until they get a definitive answer. It looks like crazy behavi
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by patio11 9y ago
If you're curious why: Income before taxes is not "income before taxes net of transfer payments ." (It can't be, because one of the most salient transfer payments in the US, the EITC, is administered through the tax sy
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by patio11 9y ago
Sorry -- been a bit too busy with work and a 5 month old to understand Ethereum deeply enough to feel like my get-some-popcorn genre of posts would add value. On the plus side, Bitcoin popcorn futures continue their steady progress up and t
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by patio11 9y ago
I get the sinking feeling that achieving many of these things requires being charismatic and/or attractive and/or extroverted, of which I am none. This has not been my experience of running a software company and, while speaking
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by patio11 9y ago
I had been wondering whether it was just Tokyo being more cosmopolitan but I'm now wondering if the reason for less adversarial encounters is simply that I haven't purchased a bike since leaving Ogaki. (If this sounds dumbfounding
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by patio11 9y ago
I have had approximately 10 involuntary interactions with the Japanese cops over the years. Here's my typical advice for foreign residents: you can pick your battles but you can't pick your police counterparties. The overwhelmin
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by patio11 9y ago
I had a small part in writing this. I think we're in violent agreement with regards to the underlying concern; here is how we phrased it in this document: Our users entrust us with their money, their businesses, and their livelihoods
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by patio11 9y ago
There is a trade limit of one bitcoin, which is generally too small to attract criminals (though this limit may be lifted in the future). I feel like technologists consistently overestimate where the lower bound is for size of an opportun
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by patio11 9y ago
Paypal will never cooperate this, because the service is selling money laundering. Without Paypal's cooperation, you can't guarantee that a transaction presently honored by Paypal will not be reversed in the future, for reasons i
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by patio11 9y ago
Silicon Valley is silly about this bordering on narcissism; many people who work substantially more demanding jobs than technologists have fulfilling family lives.
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by patio11 9y ago
We didn't do online booking at all (for reasons that I'd go into except that I don't own the business anymore). It's a different category than reminders, although many booking systems have a ( cough suboptimal cough )
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by patio11 9y ago
It's not a competition. Investors have some limited pool of capital or bandwidth and want to conserve it for the companies they think are most likely to be successful. We are not constrained in this fashion. We need to know what the b
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by patio11 9y ago
Hiya, I'm Patrick and I work on Atlas. I'm sorry about that -- that rejection appears to have been a mistake; I'll fix it for you (check your inbox in a few minutes, please) and look into fixing the underlying cause more bro
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by patio11 9y ago
This goes for anyone on HN -- feel free to email me directly. I'm (my HN username)@stripe.com I'm happy to expedite things if e.g. they're time sensitive for you.
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by patio11 9y ago
The VC industry is somewhat unique in the US in that it takes a long, almost-industry-wide vacation at a time of year when other American professionals do not have a coordinated vacation. People who have to interface with the industry (lik
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by patio11 9y ago
Entitled is a funny word with two senses here. One is "Do I have a claim for compensation which the legal system will back?" and another is "Do I deserve do get paid this money?" Legal questions are often best answered

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