21–30 of 175 posts
Startup 1: $0 Startup 2: $0 Startup 3: $3,000,000 Startup 4: $0 That's over the course of 25 years, with a few stints at non-startups as well.
As someone from humble origins, it surprises me more people don't live frugally 5-10 years in the Bay then retire in luxury somewhere with lower cost of living.
Startup 1: $0 Startup 2: $0 Startup 3: $3,000,000 Startup 4: $0 That's over the course of 25 years, with a few stints at non-startups as well.
You didn't put anything away from your salary? (401k? Roth IRA?) As someone from humble origins, it surprises me more people don't live frugally 5-10 years in the Bay then retire in luxury somewhere with lower cost of living.
I joined a successful startup about ten months before it was acquired for several hundred million. The deal somehow led to a lot of employees losing their options (myself included). There was some discussion of a lawsuit but it fizzled.
Earlier quoted context omitted.
How do you not owe any tax on $14,000 income? Is that some Canadian benefit?
When a Canadian has $14,000 in capital gains, their tax liability is calculated as: $14,000 * 50% * marginal tax rate. The 50% is basically the Canadian way of taxing capital gains lower than earned income. What GP was trying to convey, albeit in a slightly confusing fashion, was this: 1. He had $14,000 in capital gains 2. No tax was directly accessed against this $14,000 amount, in other word: "tax bill was ~0 on th…
I was the 2nd employee too.
Startup 1: $0 Startup 2: $0 Startup 3: $3,000,000 Startup 4: $0 That's over the course of 25 years, with a few stints at non-startups as well.
You didn't put anything away from your salary? (401k? Roth IRA?) As someone from humble origins, it surprises me more people don't live frugally 5-10 years in the Bay then retire in luxury somewhere with lower cost of living.