501–510 of 553 posts
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> in the room where it happens Great song from Hamilton. Sorry for being off topic.
Lin Manuel Miranda is a poet and a scholar. Original cast video of the song in question: https://www.youtube.com/watch?v=e_FWUW6SnDo
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offtopic, but I love comparing realtor glamour shots HDR'd out the wazoo with StreetView https://maps.app.goo.gl/2aEXsdH9hU3o4SZw5 (winter, March 2012)
Aside to the offtopic: I'm surprised the google street view footage is 13 years old.
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Wait, what are the employee protections like in India that such a deal is enforceable? Why couldn't Flipkart just take them and then fire them a few weeks/months later?
I genuinely wonder how people like yourself sleep at night.
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I'm in Santa Barbara, CA. Good friend of mine just bought a shithole 3-2 1300sqft for $2.2m. $3M doesn't go very far considering 30 years ago it was retirement status almost anywhere.
I don’t get it, at this point you move to Baja or Portugal (for similar climate) and live like a king without ever having to work again (unless you want to). Or a cheaper east coast state if you wanna stay in the US on the coast and have access to to all the same fast food and Walmarts.
Shame on the VCs who got paid out allowing this to happen.
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The VCs all got paid their multiples. Google put a ton of money into the company which then repurchased select people's stock while leaving everyone else high and dry.
Do you know what are the mechanics that allowed the VCs to get repayed, but not the employees who did not take the Google offer? Is this an issue with liquidation preference, or was there something more shady going on that truly allowed VCs to make a “big” exit, while the employees owning common shares did not?
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What kind of house had you been dreaming of? I live in SF, and even here $3M goes an awfully freaking long way.
anything within 45 minutes of your office in palo alto (where you are mandated to show up 5 days a week). this will get you a 1300sqft piece of shit built in 1964 with asbestos and lead paint and lead pipes and a cracked foundation (also some dipshit realtor had them paint all the original wood beams and paneling inside gloss white and replace the original wood and slate floors with grey vinyl) from some baby boomer…
I would also add, the forklift driver who bought the house for 40k in 1971, by state law (Proposition 13), is still paying 1971 valuation property taxes and contributing essentially nothing to local school funding, funding which is mostly covered by you according to a "new guy has to hold the bag" type scheme. In a state obsessed with fairness, a most unfair policy.
Should you wish to modify the property, conventional area wisdom is to just do so unpermitted. Boomers don't like construction because it increases supply and they want no supply, only demand, home price go brrrr. Environmentalists don't like construction because the more nature the better. Others don't like construction because they make it their business to set the vibe of the area as static and frozen. These political interests culminate in a construction permitting process that basically autorejects everything, paradoxically increasing public danger because everyone now does everything unpermitted.
Even the famously wealthy Steve Jobs ran afoul of it and couldn't buy his way out. He had a property he wanted to modify but they wouldn't let him touch it at all. So he just let it sit and rot to make a point. Ultimately the government agreed his plan was better than a rotting house.
Engineers: always negotiate for higher base salaries. In the vast majority of cases—especially during acquihires—your equity will be worth little or nothing. Founders and VCs still get paid; employees rarely do. Don't just accept promises. Ask for the 409A valuation, liquidation preferences, and pay bands. If a company won’t provide transparency, that’s your signal. Equity is a lottery ticket. Salary is money in the…
my equity from 2years pre-acquisition: ~$2800. Then the CEO gave out bonuses when everyone threatened to quit. Then after his 3 month vacation to Italy, he came back driving his new Ferrari. My equity from 4 years ( employee ~60, grew to over 500 ): worthless. No one is able to exercise any options. They also readjusted when the valuation came below the total raised, making the value of my vested shares ~$13k ( down…
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Make it a cooperative. https://tech-coops.xyz/
Kind of a non-starter. No one is going to found and invest in a cooperative.
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for a standalone house in my area (lakeside near Zurich, Switzerland) you'd pay way more than 3M... apartments go for 2+.
Intrest rates for morgages in Switzerland are around 1% and for tax reasons most people only pay off a third of their property. The payments are very managable, as long as you have the downpayment. You can't fully compare this with a similar price in the US where interest rates are much higher and people pay off the full morgage.
However then your interest rate is not 1%. The best I've seen is 30 year fixed, where you pay off your house is 2.5%.
I'm paying 0.65% right now, thanks to SARON going to 0.
It just does not make financial sense to pay it off even if could.