rickreynoldssf

10 ms·

61.
by rickreynoldssf 3y ago
...and here's the other shoe dropping for all the people thinking they were going to get at least some money back.
62.
by rickreynoldssf 3y ago
Employers pay an additional tax on payroll. The withholdings they send to IRS is not considered a tax.
63.
by rickreynoldssf 3y ago
Not on Homepod, the most likely device Siri would be used on.
64.
by rickreynoldssf 3y ago
It doesn't help that Apple doesn't let third party developers use it. The only SDK available for Homepod, is locked behind a bunch of approvals and the only thing it does is allow developers to implement music players. It's v
65.
by rickreynoldssf 4y ago
That's one of the things that would happen when your school board cares more about renaming schools and hiding murals and getting rid of the one school in San Francisco that can feed into an Ivy League school (Lowell). The same people
66.
FDIC to “Operate” Silicon Valley Bank?(cnn.com)
1 points by rickreynoldssf 4y ago|0 comments
67.
by rickreynoldssf 4y ago
Its not like SVB has tons of toxic assets on their balance sheet. They have $13B in balance sheet equity (not marking to market HTM assets). There's $40B in cash and AFS bonds which are marked to market. This can be saved by another e
68.
by rickreynoldssf 4y ago
This isn't going to happen before Monday. Or before the AWS bill is due. $250k isn't going to cover most company's operating cash needs.
69.
by rickreynoldssf 4y ago
ADP isn't going to take that paper to cut paychecks. AWS isn't going to want that paper either. The best you can do is take that paper and get a loan with a stupid high interest rate and that's not going to happen quickly.
70.
by rickreynoldssf 4y ago
I have to say, Bank of America was a great bank for my startup. We wouldn't have gotten a bridge loan with them or anything like that but for operating cash management there was never an issue.
71.
by rickreynoldssf 4y ago
If your company's next payroll is more than $250k you're going to notice. Not even getting into accounts payable for various other suppliers etc.
72.
by rickreynoldssf 4y ago
This is bad. This is real bad. ...and I don't think we're going to know the depth of the badness for a while. Think the credit crunch that precipitated the 2008 crash. Though this will be localized to tech startups and it's
73.
by rickreynoldssf 4y ago
Do you work for a company that has most of its operating cash in SVB? If so you probably won't see your next paycheck or it will be late. Even if you work for a unicorn there's still a risk because they're not likely to hold
74.
by rickreynoldssf 4y ago
If startups have their funds in SVB, which most do, and they can't wire those funds to ADP or whatever there's no payroll. I know this first hand because when I had a startup we wired upcoming payroll to ADP every two weeks. On
75.
by rickreynoldssf 4y ago
Well if a startup just closed a $20MM round they'll get back $250,000 after a long unwinding from the FDIC. So that's a pretty big haircut. I look to Sequoia because, of any VC fund, they are the most likely to be able to pull of
76.
by rickreynoldssf 4y ago
I'm feeling like this is early days of a disaster in Silicon Valley. We're at the first or second domino teetering right now. I hope a Sequoia or KPB will step up and save the bank, otherwise a lot of their portfolio investments a
77.
by rickreynoldssf 4y ago
First off, I'm not disparaging the content, I'm sure its good and useful in interviewing at most companies. ...that said. This kind of thing annoys me. You shouldn't have to study for an interview. Either you meet the requir
78.
by rickreynoldssf 4y ago
That's something I wish I had time for.
79.
by rickreynoldssf 4y ago
I don't see much of a need for USDT or any stable coin to be on centralized exchanges for much longer. Its useful as a place to park value on-chain via DEXs in between trades, kind of like Treasuries IRL. Even for Bitcoin its actually
80.
by rickreynoldssf 4y ago
Your SEO guy is going to throttle you if you even consider thinking about doing this.
81.
by rickreynoldssf 4y ago
What infuriates me about support chat Me: My order wasn't delivered Support: Thank you for contacting support. I am sorry you are not having a delightful experience with our service. How can I help? Me: My order wasn't delivered S
82.
by rickreynoldssf 4y ago
Docker isn't really Docker on MacOS. It's a glorified VM manager.
83.
by rickreynoldssf 4y ago
Didn't the person who thought that was a good idea have something better to do? Is it time for a good old fashion layoff in Apple's design team?
84.
by rickreynoldssf 4y ago
This does nothing but spike my CPU. :(
85.
by rickreynoldssf 4y ago
TL;DR: We did JavaScript wrong and now we're going to do it even more wrong.
86.
by rickreynoldssf 4y ago
I'm sure most of the scammers are actually stupid and the fact that their stupidity works for them in this case is just luck.
87.
by rickreynoldssf 4y ago
These morons didn't think to stage whatever massive change/upgrade they did and then toasted user data forcing them to manually restore data. Yeah I can totally trust them with my assets. ...or they're flat out lieing and ar
88.
by rickreynoldssf 4y ago
When you work on the "ML Ethics, Transparency, & Accountability Team" at Twitter and you wonder why you were laid off. Twitter is a bloated mess. This was going to happen in any case.
89.
by rickreynoldssf 4y ago
That crashed my browser HARD. Needed a full reboot. Thanks for that!
90.
by rickreynoldssf 4y ago
I probably should clarify that GameSpot never intentionally ran malicious ads. We shut them down as soon as they were discovered and many people on staff were vigilant about finding them. It just goes to show the need to go to bottom barrel

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