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I’m Joining Stripe to Work on Atlas

kalzumeus.com

271–280 of 342 posts

Re: I’m Joining Stripe to Work on Atlas

#271

The overwhelming majority of jobs in the technology industry do not go to people who cold apply via jobs pages. This is important for you to know and operationalize. A little off topic, but why is this? I don't doubt what he is saying but why is it not good enough to apply for a job via standard channels and not have to be in "the boys club" ?

There are some very different sets of beliefs, practices, and values floating around any craft among people who have the same title. I'll call these "tribes." Tribes are often associated with buzzwords, like "agile."

At the highest level of abstraction, practitioners in different tribes do the same job, but the way other tribes do things might be unrecognizable and/or horrifying from your perspective.

You want to hire from your tribe. Buzzwords get picked up by people who don't really mean them in their original sense (see: enterprises doing waterfall and calling it agile) so buzzwords on resumes don't identify tribe, and an interview is only a few hours of a candidate in a contrived high-pressure situation where they're nervous/presenting the mask they think you want to see.

So you start with people you personally know to be in your tribe. When those run out, you realize you can trust the people you personally know to identify other tribe members, and this works up to the nth degree. If that's not enough, you learn that certain institutions (employers, universities, etc.) select, demand, or instill membership in your tribe, so you go looking for candidates who have been attached to these institutions first.

FWIW this is not unique to software by any means. I worked on the tech side of theater in college and have friends now working in that industry. Designers, stage and production managers, etc. in the real world are hired almost exclusively on reputation and recommendation. They are cold-emailed job offers (not ads to come compete for a job, but actual work) based on colleagues' experiences with them at previous gigs. Gigs often last only a few weeks, so you are playing this game constantly. You essentially cannot break in as a total outsider. You need to go to a school that is trusted to provide good interns (because its teachers are from the right tribe and it runs its student productions the right way), and impress at your internship, or else know someone who will convince their boss to take a chance on you. Sometimes hiring does have a formal application process, but you are not getting the job unless someone reading the application has heard of you or has a lot of respect for one of the institutions on your resume.

"The boys club" is a (flawed) attempt at instituting meritocracy by a system of recursive trust. I believe it's much better than the resume and interview dance, but I'd still love for software to discover its "blind audition" hiring technique.

Re: I’m Joining Stripe to Work on Atlas

#272

Earlier quoted context omitted.

UK it's £20, no capital needed, ten minute job online.

It's come down since you've tried, its £12 now.

Getting a business bank account is also trivial and you can do it over the phone. Pretty awesome.

Re: I’m Joining Stripe to Work on Atlas

#273

Patrick writes in the article: > I never thought I could build a Fog Creek, but I saw a bunch of other geeks building Poker Co-pilot and Perfect Table Plan and skeet-shooting scoring software, and I was pretty sure I could at least do something like that. I'm the geek who built (and continues to run) Poker Copilot. Patrick got the order of events backwards. What actually happened is that I started Poker Copilot in a…

Don't forget, there was the chimney sweep software guy too. :) /oldschool

And there was the vi emulator guy too :)

Re: I’m Joining Stripe to Work on Atlas

#274
post #69

Earlier quoted context omitted.

Unfair comment completely unrelated to Atlas. You better have these questions answered before heading to Atlas.

It is related and there is nothing unfair about it. I'm also not accusing them of anything. They're honest questions which should have relatively straightforward answers.

I believe it isn't.

I don't think you are accusing them of anything.

Yes, they are honest questions, but unrelated to Atlas. If you have doubts about taxes or privacy in the US, Atlas is not going to help you in anyway.

From the FAQ[1]

While incorporating in the U.S. can make many things much easier, it also comes with long-term legal and tax implications. You should think carefully about whether it’s best for your business and consult advisors as necessary.

Pretty clear.

[1] https://stripe.com/atlas/faq#Who-should-use-Atlas

Re: I’m Joining Stripe to Work on Atlas

#275

Earlier quoted context omitted.

Liability protection, if nothing else. If someone sues a company, they can't (in theory) take the CEO's house. Also, in the US, you can save a bunch of money on payroll taxes if you elect to be taxed as an S-corp. The short version is that you only pay those taxes (Social Security, FICA, Medicare, etc etc) on money you get in paychecks -- so, if you make $100k in a year and "pay" yourself $70k, you end up with the ot…

It's probably not a good idea to try to "save money" on your taxes by claiming a low income and distributing yourself whatever's on the balance sheet later on; it's apparently a notorious audit flag. Respectfully: it's also unethical, if you think about it carefully. Pay full freight on your payroll taxes: if you make so much much money that this dodge is material to you, you're the last person who should have a loop…

Respectively, the tax code knows no ethics. I pay exactly how much tax I legally owe when I legally owe it. I have no responsibility to pay a penny more than legally obligated. Congress created the S Corp and the IRS created the loophole that allows this particular tax avoidance scheme. If they wanted to close it they would.

Re: I’m Joining Stripe to Work on Atlas

#276
Congratulation Patrick. This is a great news for Stripe, Japan and the world !

You just made me discover Atlas (I must have lived under a rock last year) and I'm really impressed by the idea. It is not great, it is huge !

I quickly looked through the Q&A and the first thing that strikes me is that the effective cost is not clear. Ok 500$ entry cost, but there are many other costs like bank, taxes, IRS, 125$ yearly for the agent, etc. Most of these costs aren't even clearly specified. Thus it's actually like an offer to buy a cat in a bag.

The strength of stripe is its simplicity and clarity. You know upfront what it will cost you. There isn't any hidden cost.

So Patrick, if you can have some influence, please help making Atlas as simple and clear as Stripe.

Re: I’m Joining Stripe to Work on Atlas

#277
post #265

Earlier quoted context omitted.

It's probably not a good idea to try to "save money" on your taxes by claiming a low income and distributing yourself whatever's on the balance sheet later on; it's apparently a notorious audit flag. Respectfully: it's also unethical, if you think about it carefully. Pay full freight on your payroll taxes: if you make so much much money that this dodge is material to you, you're the last person who should have a loop…

Apparently it's pretty safe from an audit standpoint if you pay yourself at least $118,500, the maximum amount that is taxable for Social Security. Of course, that means you just save the 2.9% tax for Medicare on any remaining income. Still, I totally agree that it's unethical.

My accountant put it this way: nobody gets audited for paying themselves more than zero salary. Reasonable salary comes into play if you get audited for something else.

Re: I’m Joining Stripe to Work on Atlas

#278
Slightly unfashionable to say this here, but this problem isn’t necessarily something the private sector should be routing around but one that the public sector should be fixing from within.

At GDS (GOV.UK etc) we’re working on a programme called GaaP: Government as a Platform. This aims to provide components to radically simplify the difficulty of building services focused on user needs for the rest of government.

Tom Loosemoore (now ex-GDS but hey) gave this talk at Code For America last year: https://youtube.com/watch?v=VjE_zj-7A7A . It’s obviously quite long (and in my opinion worth watching the lot) but the topic relevant part comes at ~28 minutes in. Here Tom demonstrates how pulling together the pieces of GaaP could potentially lead to registering s company in 3.5 minutes.

That a private sector company could do the same thing is great, but sometimes you need to refactor the root inefficiency rather than patch the symptom.

Re: I’m Joining Stripe to Work on Atlas

#279
post #176

Earlier quoted context omitted.

> In Austria, you don't need any capital at all, to start a EPU (One-Person-Company) which is really convenient. You can do that in any country. Austria sucks donkeyballs for staring an actual company however. You need 35.000 in capital and you need to involve a notary. The additional cost for actually getting the company in place is a few thousand euro, you need to listen to the notary read down the contract you mad…

Heh - your comment reminds me of one of my impressions of Austria, where we spent a couple years: "a lot of the same bureaucratic BS as Italy, just administered a lot more efficiently".

> Heh - your comment reminds me of one of my impressions of Austria, where we spent a couple years: "a lot of the same bureaucratic BS as Italy, just administered a lot more efficiently".

German administration feels exactly the same. I have heard that situation being called "Prussian administration": slow and cumbersome to operate like a Prussian tank, efficient in its task like a Prussian tank.

BTW, here is a Prussian tank: https://en.wikipedia.org/wiki/A7V#/media/File:A7v-wotan-dior...

Re: I’m Joining Stripe to Work on Atlas

#280

Slightly unfashionable to say this here, but this problem isn’t necessarily something the private sector should be routing around but one that the public sector should be fixing from within. At GDS (GOV.UK etc) we’re working on a programme called GaaP: Government as a Platform. This aims to provide components to radically simplify the difficulty of building services focused on user needs for the rest of government. T…

> sometimes you need to refactor the root inefficiency rather than patch the symptom.

This is also my view on a lot of fintech.

However... if the incumbents aren't doing something, then eating away at the edges may eventually either overcome the incumbents or force them into change.

I don't think Stripe could replace what govts do, but I can certainly see that Stripe being successful will put them at the table to influence or direct the which the way govts do things.

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