tempsy

42 ms·

541.
by tempsy 4y ago
It's definitely not when you're risking your livelihood. Total comp for a mid level PM is probably north of $400k, so this is less than 2 years salary.
542.
Former Coinbase PM charged in cryptocurrency insider trading tipping scheme(justice.gov)
705 points by tempsy 4y ago|421 comments
543.
by tempsy 4y ago
This assumes he was serious about it at some point, instead of just cover to sell more Tesla shares and free marketing for himself.
544.
Americans Have Had It with Inflation(wsj.com)
10 points by tempsy 4y ago|3 comments
545.
Home Sellers Are Slashing Prices in Sudden Halt to Pandemic Boom(bloomberg.com)
10 points by tempsy 4y ago|1 comments
546.
Crypto Hedge Fund Three Arrows Files for Chapter 15 Bankruptcy(bloomberg.com)
4 points by tempsy 4y ago|0 comments
547.
by tempsy 4y ago
lol plenty of frothy public cos you could have shorted down 80-90% since beginning of the year don’t need to find private ones…
548.
by tempsy 4y ago
they were trying to raise at $40B+
549.
by tempsy 4y ago
Wow Affirm’s stock has literally gone down more than 90% in 7 months or so. Crazy.
550.
by tempsy 4y ago
This is partially why I think the risk of homeownership is largely being understated. You may have entire communities that become uninsurable even long before an actual natural disaster occurs, and it becomes very difficult to cash out refi
551.
FTX closes in on a deal to buy embattled crypto lender BlockFi for $25M(cnbc.com)
104 points by tempsy 4y ago|64 comments
552.
Ask HN: Has your total compensation drastically changed with the stock downturn?
77 points by tempsy 4y ago|115 comments
553.
Yuga Labs responds to “Nazi” allegations(medium.com)
3 points by tempsy 4y ago|0 comments
554.
Coinbase to layoff 1100 or 18% of employees(wsj.com)
29 points by tempsy 4y ago|8 comments
555.
by tempsy 4y ago
i think VC involvement has made this space far more dangerous now. don’t think Celsius could’ve gotten where they are now without willing VCs pouring hundreds of millions into building the company up despite how risky the entire business mo
556.
by tempsy 4y ago
Yeah this is going to be much worse than Luna. Buckle up.
557.
A Memo to the Celsius Community(medium.com)
1 points by tempsy 4y ago|0 comments
558.
by tempsy 4y ago
but rents are also soaring in many major metros…
559.
by tempsy 4y ago
If the reason you’re buying is because you need to upgrade your current living situation and you can afford the monthly payment then I don’t see what the issue is. If rates go back down you can always refinance. Given sales volume has drama
560.
by tempsy 4y ago
Preference stack doesn’t apply if the company goes public eventually. And point is if it’s not $0 today which I don’t think it is then someone desperate to break even could at very least sell above $1.50.
561.
by tempsy 4y ago
well the article says his strike price was $1.50 and someone was able to complete a transaction for $28 in March Even if it’s dropped by 50%-$80% since then he almost certainly could sell his vested shares even if it’s a lot lower for above
562.
by tempsy 4y ago
I live in SF but don’t fully buy into the idea that any rise or fall in overall crime is on him. He entered office right before Covid hit and there’s a dozen different factors that could have played a role here. Regardless it’s clear proper
563.
by tempsy 4y ago
at this point there’s so much investment and attention dedicated to it that it will be willed into continued relevancy as much as anything happening organicly
564.
by tempsy 4y ago
can’t find the tweet right now but saw one where a candidate showed an email where a recruiter or hiring manager literally promised a few weeks earlier to not rescind their offer before rescinding it
565.
by tempsy 4y ago
A good product doesn’t necessarily equate to a venture scale business.
566.
by tempsy 4y ago
how is Uber losing battles in the US? in the last big ballot measure in California they successfully passed a prop that shielded them from identifying drivers as employees
567.
by tempsy 4y ago
that's base pay. has nothing to do with equity comp which is where the big money comes from.
568.
by tempsy 4y ago
there are plenty of ways a company can pay you less without having to change their entire comp model and wasn’t suggesting that was what was happening the point is a flight to safety gives Megacorps leverage they didn’t have 1-3 years ago.
569.
by tempsy 4y ago
There are pay bands. If you have multiple offers you can usually counter for more equity. In this market if you’re a megacorp you have the upper hand when the competition is Uber and their stock is down 70% eg you don’t need to counter so a
570.
by tempsy 4y ago
Successfully negotiating for more equity usually depends on other offers. Now that mega corps are clearly outperforming the Uber and DoorDashes and Squares of the world they have no competition other than other megacorps and don’t have to c

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