rprasad

42 ms·

361.
by rprasad 14y ago
Additionally, fire kills people, as does the voluminous smoke it gives off. Fire exits are required to make sure people can exit a burning building within 3-7 minutes (varies by jurisdiction). This is based on an unfortunate history of tra
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by rprasad 14y ago
Or, you know, they could have just made sure the building was up to code first, like every other business, organization, and individual . Being a startup does not give them carte blanche to ignore basic laws of society, especially not laws
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by rprasad 14y ago
Not being up to code makes it illegal to occupy the building. I'm not quite sure why the NY Times would leave something like that out; it's possible that code violations are more prevalent in NY and thus the import need not be explained.
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by rprasad 14y ago
This is quite possibly the least informed comment I have ever seen on HN, and that says a lot. In other words: give these guys an inch and they'll take a mile, asserting their author-it-ay the whole way. It always starts with something rea
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by rprasad 14y ago
Starting a new business is not a sprint, but a marathon. Yes, but marathons are won by those who can run at the speed most others sprint.
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by rprasad 14y ago
No, it's really not, unless you are arguing that what was copied from Apple (designs) is not something that should be subject to protection.
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by rprasad 14y ago
The court did not allow Samsung to use any prior evidence showing that Apple copied others. This was a major point of contention that led to Samsung releasing various photos to the media about two weeks ago in an attempt to poison the medi
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by rprasad 14y ago
Also see http://www.sec.gov/divisions/marketreg/tmjobsact-crowdfundin... for an FAQ explaining the crowdfunding provisions of the law. But also note that crowdfunding is not yet legal. There were certain enabling regulations that needed
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by rprasad 14y ago
We can go after the scam artists today because of the same regulations that disallow this party. The only reason people think these regulations are unnecessary now is because they've never experienced the types of fraud that these regulat
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by rprasad 14y ago
(reply to dead comment) Yes, a bakery is a startup if it is just starting up. So is a taco cart, if it the vendor is just starting out. This is the classical definition of startup.
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by rprasad 14y ago
Startups existed before the Valley. They will exist after the Valley. Technology has played a role in some startups, and no role in others. A 100k company aiming to be a 200m company is not a startup, it is an established business hoping
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by rprasad 14y ago
All new businesses are startups, whether they use technology or not. They may not be technology startups , but they are still startups. Indeed, legally, the first year of any business is considered its "startup" year (and possibly longer,
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by rprasad 14y ago
Well, yes. Being engaged to the CEO usually has that effect, especially when the CEO himself is handling the negotiations. It would be different if someone else who she was not friends with (and who was not friends with the CEO) was handl
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by rprasad 14y ago
His point is that the methodology is flawed because of the unique circumstances of the author being engaged to the CEO. This skews the inputs upward in her favor.
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by rprasad 14y ago
So does American law, but you are clearly misunderstanding what "precedent" means. Judicial decisions operate as precedent. Executive decisions do not. A judicial decision that Pinochet could not be extradited would be precedent; a decisi
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by rprasad 14y ago
It's convenient because he raped and/or sexually assaulted two women around the same time the Wikileaks leak happened. The prosecutor also did not drop the case--he merely recommended that the charges than being considered not be made. His
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by rprasad 14y ago
Interpol gets involved in rape cases all the time. Most of them do not make the U.S. papers or otherwise become international news.
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by rprasad 14y ago
Ecuador's Correa is attempting to establish himself as the replacement to Hugo Chavez as the South American counterbalance to American power in the region. So...mostly, Ecuador is doing this to tweak America.
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by rprasad 14y ago
Except that it is true. The reddit citations are simply the reddit poster's poor understanding of the facts, which do not reflect reality. Lesson to learn here: do not cite reddit as a factual source.
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by rprasad 14y ago
Tips are explicitly taxed as income to the recipient. They are not regarded as gifts by any taxing authority in the U.S.
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by rprasad 14y ago
A Constitutional Amendment cannot, by definition, be unconstitutional. Please take your FUD back to reddit or whatever bridge you crawled out from under.
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by rprasad 14y ago
1) eBay reports aggregate sales >$600 to the I.R.S. 2) Most items sold on eBay are sold for less than they were purchased (i.e., anything used), so the likelihood of recognizing gain on any sale is low. No gain recognition = no taxes i
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by rprasad 14y ago
Actually, you just provided 3 taxable transactions. The sale of equity is taxable as income to the seller. I believe you actually mean the issuance of stock by the corporation in exchange for contributions of cash or other property to the
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by rprasad 14y ago
You're confusing the issue. Capital is never taxed as income under the U.S. income tax code. Ergo, the money raised in your example would never subject the business to income taxes. Prepayments of revenue, i.e., for goods or services tha
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by rprasad 14y ago
It depends. This is how the US federal income tax code would probably treat the issue: - If the business is an S-Corp or a Pass-through (i.e., LLC or partnership), then it reports income when funds are received. Individuals and pass-throu
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by rprasad 14y ago
TL;DR: YC's formal application process is broken. The new application process is to send beer or other gifts directly to the YC partners.
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by rprasad 14y ago
The way the Customs Service sees it: you claim that the package does not contain goods that are subject to customs or import duties. Cross-border issues are tricky. Normal (U.S.) legal rights tend to disappear when a transaction becomes c
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by rprasad 14y ago
Political commentary aside, his comment is accurate and should not be downvoted. Taxes are due in April, usually on the 15th. Income returns and information returns are nominally due in April but the filing deadline can be extended to Sept
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by rprasad 14y ago
Most organizations, companies, and wealthy individuals extend their filing dates to September. Consequently, it is likely that they have not yet filed their 2011 return.
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by rprasad 14y ago
They're in LA. The food is okay, but the no-cell phone thing is really just a marketing stunt to bring in business.

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