531–540 of 593 posts
Not naming the company, but I know of a startup that's got a round of $10M (not much but enough) who just applied for relief because their burn rate is $200K+ a month. They have no customers, have been in the red for 2 years and have been slowly building their product out -- like most early funded startups -- they are building potential without revenue (yet). Their theory is, get some free money and treat it like 6 m…
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His point is accurate if you include asians as a minority group. I suspect you're talking specifically about black people.
> His point is accurate if you include asians as a minority group. No, it's not. Even if they were favored, one racial minority group being favored and others being disfavored doesn't balance out to “no racism”, it's even more racism than the latter being disfavored alone. And even if there is no evidence of racism in either direction affecting Asians, that doesn't negate racism affecting other groups. At best it mig…
What's the line here? At what point would tech not be racist? I really don't see your point here. There is a lot of evidence pointing to a really diverse, generally progressive industry with, if anything, a higher over representation (compared to the population) of multiple minority groups, different gender identities and a much more inclusivity conscious mindset than probably any other industry. We have no data that really points to the opposite conclusion. Again, at what point would you not say that those are all exceptions?
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Can you expand a bit more on this, how can they let go without severance? How big was the loss? Was it contractors? I'm in the final stages interviews and up until now have generally been looking forward to the prospect of working there. This is troubling. Thanks in advance.
Can we communicate over a private channel? Can share more. Wasn't contractors; was employees. Indeed. If we can't, my advice to you is to backchannel. See if you have a friend of a friend's who works there, reach out to people via LinkedIn whom you didn't interview with, or find former employees, they will tell you the real story...
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I agree. but the existence of for-profit healthcare is largely why the US is the only country without public healthcare.
This is a common misconception about health care. Most countries have a mix of private/public funding a mix of private/public run health care. Canada is almost all non-profit charity hospitals, but other OECD countries use for profit hospitals. For example: >...The study, released Tuesday, compared the universal health-care systems of Australia, France, Germany, the Netherlands, Sweden and Switzerland, and looked at…
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Publicly funded healthcare does not work the way you think it does. There is a budget allocated to healthcare every year, if one year the hospitals don't have enough money to cover expenses but that there is still money left in the coffers (for example, due to less electives), then they will end up getting the money they need to operate. Were it not for for-profit healthcare, the US would almost certainly operate thi…
There are probably 170 different versions of public systems. I think you're making the mistake of assuming they all operate the same way. In both public systems I've been a part of, yes there is a hospital budget, but it's paid out through procedures. Don't have anyone in the hospital? No payment.
CircleCI. Last week during covid crisis, all while announcing a $100m Series E round of financing, they let some employees go and did not offer any severance. Disorganized management, and with some teams, passive-aggressive management style. Would not recommend joining...
FIRST FACTORY (company link: https://firstfactory.com/ ) Hello fellow HN readers. Here's the short version of the story: So I was working at X SF startup company (with a subsidiary office in Costa Rica) and decided to give it a try at First Factory, an outsourcing shop based in NY and Costa Rica, they handed me a contract (March 5th, 2020) to start working with them effective March 30th, 2020. So I quit my job and wa…
Contact your former employer... and see if they want you back. Tell them the new place isn't as fun as you thought.
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Just a thought: when the government starts giving out lots of money with strings attached, you get a lot more jobs doing administrative compliance tasks. I'm thinking of, for instance, universities and the growing numbers of administrators who exist to chase funding. More strings attached means money will go towards meeting all requirements. Maybe this isn't strictly bad, but it might be less efficient than just lett…
And that's not to mention compliance enforcement required on the government's side, which I imagine isn't so easily scaled up at a moment's notice.
The sheer quantity of loans is the only bottleneck. Even that would probably be add minor stress to their system. A regular loan can take a week to two weeks to process when things are running smoothly. Most of that time is the loan sitting in a queue waiting to be processed. The actual enforcement requirements will be relatively unchanged compared to regular loans.
From my understanding the actual compliance of whether the loan will be forgiven or not is straightforward and probably wont need to be enforced until a few months down the road. If it does not comply, the company will pay back in full.
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This is the government's fault for not attaching more strings to the money. It should have been a loan at favourable interest rates with a fixed term.
Just a thought: when the government starts giving out lots of money with strings attached, you get a lot more jobs doing administrative compliance tasks. I'm thinking of, for instance, universities and the growing numbers of administrators who exist to chase funding. More strings attached means money will go towards meeting all requirements. Maybe this isn't strictly bad, but it might be less efficient than just lett…
It's also hard to extend what the government is doing now (payroll protection) to a university or some other large firm. Funding for those type of entities has been around for a long time and is set in stone.