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Ask HN: What you up to? (Who doesn't want to be hired?)

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Re: Ask HN: What you up to? (Who doesn't want to be hired?)

#501

Post by laurent92 »

qqqwerty wrote: post #420
qPM9l3XJrF wrote: post #378

Earlier quoted context omitted.

What are the most common reasons for losing it?

The number one reason for folks who won the "IPO lottery" is they fail to cash out/diversify their stock, and at some point in the future the stock price drops dramatically. For example, during the 2001 tech boom/bust a lot of tech companies went bankrupt in a very short period of time. As a result a lot of tech employees saw the value of their stock/options drop to zero (effectively). The speed in which the bust hap…

I guess I did the right thing: Atlassian IPOed in 2015 at $21, despite everyone suggesting to cash out, I wasn’t interested, and I sold only since 1 year between $180 and $320, and kept 1/3rd. BUT it keeps climbing, $480, so you aways feel like you’re missing something, whether you sell or not.

There is no right way of doing it, you’ll never sell at the top. At least the right moment is when you can use the money for a project.

Re: Ask HN: What you up to? (Who doesn't want to be hired?)

#502

Post by debruinf »

andrey_utkin wrote: post #464
debruinf wrote: post #228

Super frustrated by the state of videos for kids on youtube, especially in the arts and crafts department, i decided to launch a channel and start creating my own content. Basically, all videos start half decent but for some reason end in a big noisy mess, weird sounds, spoiling food, questionable product placements, zero creativity and always incentivize more watching and trapping viewers in the infinite ‘next video…

Great idea. Would you consider putting your contents into public domain?

Thanks for the kind words.

In principle I'm absolutely in favour of releasing it to the public. To be sure: do you mean the _content_ I create in the video or the _videos_ themselves (I wouldn't mind both, but just to clarify).

One of the things I want to add later are downloadable resources: PDFs with the drawings or cutting templates, so people can get a head start with e.g. colouring instead of having to do the drawing first.

Re: Ask HN: What you up to? (Who doesn't want to be hired?)

#503

Post by philangist »

alexkwan wrote: post #303
philangist wrote: post #180

I won the IPO lottery and I’m in the middle ground between rich enough to never work again but not quite rich enough for the yachts/mansions/private jets lifestyle. I haven’t worked in 6 months and I’m struggling to find a larger meaning to my life beyond getting yet another tech job. I’ve considered going to college for a math degree, moving to my parents home country, and joining the military (among many other opti…

If you have the time and feeling lost, I suggest you to spend 10 days for a vipassana meditation camp. They have centers worldwide. Happy Birthday btw!

Vipassana is great. I went to a retreat in 2017 that I fully credit with putting me on the path that led to this current situation. I've been trying to enroll in another 10-day course for the last year, but they fill up fast and I've yet to make it off the waitlist.

https://www.dhamma.org/en-US/courses/search

Re: Ask HN: What you up to? (Who doesn't want to be hired?)

#504

Post by philangist »

vhhn wrote: post #475
philangist wrote: post #180

I won the IPO lottery and I’m in the middle ground between rich enough to never work again but not quite rich enough for the yachts/mansions/private jets lifestyle. I haven’t worked in 6 months and I’m struggling to find a larger meaning to my life beyond getting yet another tech job. I’ve considered going to college for a math degree, moving to my parents home country, and joining the military (among many other opti…

consider starting a family :-)

Ha! I've considered it and if I found the right woman and we had a relationship that was in the right place I'd definitely do it. But starting a family seems like one of those 'slow and steady wins the race' type of situations.

Re: Ask HN: What you up to? (Who doesn't want to be hired?)

#505

Post by XorNot »

akuji1993 wrote: post #495
mkleinstadt wrote: post #389

Earlier quoted context omitted.

Not to mention that there's a nonzero chance of Tether bringing down the entire crypto ecosystem (temporarily) within the next year, Coinbase stock included

I'm trying to figure out crypto right now, could you explain why you believe this? Or link somewhere where I can read about it?

Tether has been extremely opaque in what assets they hold to ensure the 1:1 USD/Tether peg. It's been observed that at least as one point they definitely didn't have enough USD-equivalent for it, and they've been issuing new Tether at quite a clip since then with flow on effects to the BTC market.

Now if they actually had this financing in place, this would all be fine - but nobody can find a proper accounting of who they're doing business with at the scale they claim to be doing business, beyond the observation that none of the big US players seem to have any business with them - so what assets are actually backing tether?

https://www.forbes.com/sites/nicholasgans/2021/05/13/tether-...

Note that the vast majority is "commercial paper": basically short term loans to companies with relatively risky backing. The problem is that's all we seem to know: no one knows from who they've been buying these. It might be large US companies with 50 year histories, or it might be Chinese property developers at risk of bankruptcy (at which point international debtors will be the first to lose their money).

Re: Ask HN: What you up to? (Who doesn't want to be hired?)

#507

Post by notRobot »

protoduction wrote: post #198

Half a year back or so I built a mini SaaS product that failed, now I'm in the process of open sourcing it so that everybody can freely host it for themselves. Here's the project homepage https://magiclogin.net , it was/is transactional e-mails and e-mail authentication as a service. Getting it ready for open sourcing is a lot more work than I anticipated, I don't want to just dump it in a Github repo and have nobody…

That seems really neat! Have you considered just relaunching it under a different name?

Re: Ask HN: What you up to? (Who doesn't want to be hired?)

#509

Post by quickthrower2 »

qqqwerty wrote: post #442
1270018080 wrote: post #223

Earlier quoted context omitted.

What were the events leading up to getting such a big equity pay out? What # employee were you? Was it options/RSUs? What % of the company do you have? How long did you work there? I ask because I am at a series B, and I'm very optimistic for our future. But I am only employee #100 or so and don't see a big payout for me barring a multi billion dollar exit (a little too far fetched). I'm just curious how it all goes…

I think you are in the sweet spot. Equity compensation drops fast for early employees. Roughly, the first employee might get 1-2%, but by employee #10 it is down to 0.25-0.1%. At that level, you would still need a billion dollar exit to get into FU money territory. And keep in mind, at the early stage startups salaries are often lower and the startup is likely pre product market fit. So it is much more risky. Employe…

Thanks for that insight. While I can't say what mine is, but your ranges mean I'm OK. I see it as a lottery ticket, you need a billion for someone with say 0.1% to be worth a million, and that is assuming no dilutions.

Re: Ask HN: What you up to? (Who doesn't want to be hired?)

#510

Post by yarsanich »

Working on a side project. An app that should help to use mobile devices more focused and purposeful. App simply prompts users to type an intention before using the device(Android), certain apps(iOS). I'm making it privacy-focused, no analytics, no sign-ups, with local data storage. At first, I solved my issues with phone usage and now I'm trying to make the app easier to use and I focus on users feedback to improve retention.

https://acture.app

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