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How and why I built Japan Dev

japan-dev.com

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Re: How and why I built Japan Dev

#31

Post by konha »

mytailorisrich wrote: post #23
foepys wrote: post #11

Earlier quoted context omitted.

In Germany there is a similar thing where you need to deposit at least 25,000 € as collateral to be able to create a GmbH (similar to an LLC). This is meant to pay for debts in case the GmbH goes bankrupt. But the government recognized that this was a problem so the "UG (haftungsbeschränkt)" was made possible where you are only required to deposit 1 € initially and than can deposit more each year until you can conver…

Aren't the 25k euros only capital requirements? (i.e. you have to bring them into the company as capital but then they don't have to remain in the company's bank account).

Correct.

Re: How and why I built Japan Dev

#32

Post by emptyparadise »

etdev wrote: post #30
emptyparadise wrote: post #28

Earlier quoted context omitted.

Doesn't load in Safari for me with ad blockers.

Interesting, can you let me know which ad blocker so I can try to reproduce?

I think it's the same social media filters that did it. For reference, I'm using AdGuard on iOS and have the social media button filters on.

Re: How and why I built Japan Dev

#33

Post by physicsguy »

foepys wrote: post #11
Grimburger wrote: post #4

This was incredibly well-written and an enjoyable story. Congratulations on pushing through and getting traction. Something that resonated: > We had to put 5 million JPY (~$45k at the time) in our business bank account and leave it there. For... some reason. Living in Asia I've come across this bizarre government obsession with "money in the bank" when dealing with them: "You need $15k in a bank account to apply" "Ok…

In Germany there is a similar thing where you need to deposit at least 25,000 € as collateral to be able to create a GmbH (similar to an LLC). This is meant to pay for debts in case the GmbH goes bankrupt. But the government recognized that this was a problem so the "UG (haftungsbeschränkt)" was made possible where you are only required to deposit 1 € initially and than can deposit more each year until you can conver…

That's really interesting. Here in the UK you can set up a limited company (i.e. if the company goes out of business, you are not personally liable for any debts) in about a day and there's no collateral requirement at all.

Re: How and why I built Japan Dev

#34

Post by Adrig »

trhoad wrote: post #6

> So we share your jobs on our site. A candidate applies. You interview them and decide to hire them. You notify us you hired them. We send you an invoice. You pay us a fee. I'm absolutely stunned that this works. > For one thing, our contract imposes a late fee for failing to notify us of a successful hire. And the fee increases every month that they don't tell us. This is a pretty good deterrent. Is it? It sounds l…

I heard a similar story from a guy who put in relation brands with professionals of the event industry. According to him, not having to put in place and enforce a strict control gave him a lot of bandwidth to work on more impactful parts of his projects. Surprisingly, he made good bucks with this approach... I guess even businesses can be more honest than expected.

Re: How and why I built Japan Dev

#35

Post by neilv »

trhoad wrote: post #6

> So we share your jobs on our site. A candidate applies. You interview them and decide to hire them. You notify us you hired them. We send you an invoice. You pay us a fee. I'm absolutely stunned that this works. > For one thing, our contract imposes a late fee for failing to notify us of a successful hire. And the fee increases every month that they don't tell us. This is a pretty good deterrent. Is it? It sounds l…

The other day, a career site offered me some amount of money if I told them when I found a job with a company there. (It might've been angel.co, and $150, not certain.)

I guessed that they got paid at least partly as a function of hires, and this incentived disclosure from hirees was a way of keeping its customer companies honest.

Re: How and why I built Japan Dev

#37

Post by lozenge »

trhoad wrote: post #6

> So we share your jobs on our site. A candidate applies. You interview them and decide to hire them. You notify us you hired them. We send you an invoice. You pay us a fee. I'm absolutely stunned that this works. > For one thing, our contract imposes a late fee for failing to notify us of a successful hire. And the fee increases every month that they don't tell us. This is a pretty good deterrent. Is it? It sounds l…

Would you rather - save the expense of the agency fee (3 months salary) but lose access to the job board which has already found you one good candidate, or pay it and stay on the job board?

Keeping in mind that the employees are likely staying much longer than 2-3 years, because Japan.

Re: How and why I built Japan Dev

#38

Post by franciscop »

trhoad wrote: post #6

> So we share your jobs on our site. A candidate applies. You interview them and decide to hire them. You notify us you hired them. We send you an invoice. You pay us a fee. I'm absolutely stunned that this works. > For one thing, our contract imposes a late fee for failing to notify us of a successful hire. And the fee increases every month that they don't tell us. This is a pretty good deterrent. Is it? It sounds l…

I was one of the "Quick aside since I get asked this all the time."[1]

Being from Spain I'm 100% a lot of the companies here would try to cheat this, but he made some good points both in the tweet answers and article; it's better to pay early and low, than being caught very late and having to pay a huge amount (don't know how much better though).

If a company retires a job without paying, I'd def spend few minutes tracking possible candidates (those who clicked "Apply" and put their data, Linkedin/Twitter/etc, follow up emails to the candidates, as he said Amazon gift card, etc).

Some might still fall through the cracks, but seems like if they get enough % of them that's probably good enough.

[1] https://twitter.com/_etdev/status/1552529476164419584

Re: How and why I built Japan Dev

#39

Post by nisegami »

jand wrote: post #20
foepys wrote: post #11

Earlier quoted context omitted.

In Germany there is a similar thing where you need to deposit at least 25,000 € as collateral to be able to create a GmbH (similar to an LLC). This is meant to pay for debts in case the GmbH goes bankrupt. But the government recognized that this was a problem so the "UG (haftungsbeschränkt)" was made possible where you are only required to deposit 1 € initially and than can deposit more each year until you can conver…

And: In order to keep the spirit of protecting the creditors of GmbH/UG - while having only to deposit 1 EUR to the UG (haftungsbeschränkt), the UG has to "warn" all potential business partners by carrying the "(haftungsbeschränkt)" (limited liability) suffix as part part of the company name in all written communication (roughly).

Is that meaningfully different from the LLC suffix in the US?
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