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Ask HN: What is the best income stream you have created till date?
411–420 of 448 posts
Re: Ask HN: What is the best income stream you have created till date?
#412https://www.newaudiotechnology.com/ A shared friend introduced me to someone who claimed to be a struggling Hollywood genius. We were all drinking at some university party. He told us about all the cool shit he would do if only technology wasn't so bad. So I built a tool to solve his issues. To my surprise, he used it on the Expendables 3 blurays. Later, the audio crew for George Lukas' Red Tails praised the tool in…
That's great that your software was able to help someone and that they were able to use it successfully in their work. But remember, the true value of what you've created goes beyond just the financial gain or the recognition you may have received. The real reward is the knowledge and satisfaction that comes from creating something that can have a positive impact on others!
Re: Ask HN: What is the best income stream you have created till date?
#413No post body was provided.
Re: Ask HN: What is the best income stream you have created till date?
#414I read all the comments, the most popular income stream in the comments is to get a FAANG gig. Pow. Done.
FAANG jobs have some of the highest salaried positions available but even those will reach a cap because of limited leverage. One way to leverage salaried roles is to move into management where you can leverage your team's hours to accomplish more and move beyond a single IC salary. Otherwise, you have more leverage by owning a business of some kind.
I wish being on visa in the usa had this option
Re: Ask HN: What is the best income stream you have created till date?
#415Re: Ask HN: What is the best income stream you have created till date?
#416Earlier quoted context omitted.
No. It's just what we chose - http://www.radicalsimpli.city/
I have never seen this chart before today http://www.radicalsimpli.city/Complexity2005_2021.svg . I have seen it three times in the space of an hour on different websites.
I recall I have seen it also on Unpoly presentation which was on HN first page the same day.
Re: Ask HN: What is the best income stream you have created till date?
#417Earlier quoted context omitted.
I don't however, it's not my cup of tea, but since when are payment processors, which are into money, into applying cultural norms?
Since forever. There are a few reasons why - one is cultural the other is risk. On the cultural side industries that are "controversial" tend to be avoided. Payment processors don't like to be associated with porn, gambling, drugs etc. because of potential negative PR. If you're a payment processor and trying to land big conservative clients, having press about how you support the porn industry doesn't do you any fav…
I’d upvote this if I could. Chargebacks aren’t impossible after paying via bank transfer - it might be called another name, but it has been done before to us by a scammer (but we can dispute and fight it). And one time after a customer added an extra 0 to their transfer and immediately tried to get their bank to claw it back without contacting us.
But we basically never had issues with chargebacks. Even when we used PayPal and Stripe for two years, we only had two chargebacks and we disputed one of them and won through PayPal as we proved it was fraudulent.
Re: Ask HN: What is the best income stream you have created till date?
#418Earlier quoted context omitted.
FAANG jobs have some of the highest salaried positions available but even those will reach a cap because of limited leverage. One way to leverage salaried roles is to move into management where you can leverage your team's hours to accomplish more and move beyond a single IC salary. Otherwise, you have more leverage by owning a business of some kind.
I wish being on visa in the usa had this option
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Re: Ask HN: What is the best income stream you have created till date?
#419Exercising options in a startup that I was convinced wasn't going anywhere but had great tech, and would be a decent acquisition within a year or two. Turns out, they shook off both their doldrums and their VC-fueled overambition and started throwing off cash. The first dividend check alone quadrupled my investment cost, and they're still going strong.
Since most tech companies don't pay dividends, I'm very curious as to which company you're referring to.
A small tech company whose founders decided that they preferred to take cash out of their startup rather than pursue a VC-desired exit.
In other words, they converted their startup into what is sometimes known as a "small business".
Re: Ask HN: What is the best income stream you have created till date?
#420Earlier quoted context omitted.
I think we can see why the payment processors stepped back now.
We spent a long time analysing the terms and conditions and we couldn’t find anything that applied to our business. Asking directly where we broke terms was no hope, because none of which they cited applied to us either. We wouldn’t go back to card payments if we could. We save a fortune by paying 0% processing fees, have more control and are protected by a regulated UK bank instead of companies like Stripe or PayPal…
Bro, you're selling drugs on a "for science only!!!!" basis that is purely a fig leaf. IDK the controlled substance laws around Psilocybin but this is definitely a gray area at least.