sivers

49 ms·

481.
by sivers 18y ago
I sold my startup a few months ago for enough cash that I never have to work or worry about money again. http://news.ycombinator.com/item?id=341565 I went to the most peaceful spot I could find, and relaxed. I did nothing. http://www.vim
482.
by sivers 18y ago
I got to do this! It's a great exercise. My college (Berklee College of Music) asked me to give a talk to the incoming freshmen class on opening day. I wrote it by asking, "What would I tell my younger self?" I called it "6 things I wish
483.
by sivers 18y ago
Unfortunately, profit-sharing didn't improve anything except people were happier (sure! their salaries doubled!). But performance didn't improve. Neither did responsibility, initiative, etc. In hindsight if I had to do it all over again,
484.
by sivers 18y ago
I'm a long-time HN fan (PG fan, YC fan, etc) - so HN is actually my main source of news! It was weird to see my name on the list of news yesterday.
485.
by sivers 18y ago
No. That's owned by my friend Jamie, not me. Sold him the name for $1.
486.
by sivers 18y ago
Actually the problems started when equity distribution started. That's what changed some focus of the company away from the clients and on to profit-sharing, benefits, etc. I let the CFO choose the profit-sharing plan and blindly trusted h
487.
by sivers 18y ago
The income a person earns from their charitable remainder trust is absolutely not tax-free! It's taxed as regular income, for life. The charity - the final beneficiary - is the one that gets an additional 3.3 million dollars in your example