because it makes money. Why would they want to stop it? People have a weird mental model where they think private companies are the government. They're just a group of people getting paid to make money for investors.
Yes in fact artwork has traditionally been used for this sort of thing as well. It's the kind of thing that could sell for a million dollars, without any way for an outsider to determine that this is a fair price. NFTs just supercharge this dynamic.
It's because there's no price, so you can use it to justify money that came from elsewhere. Like if I made a million dollars selling drugs, I can put up an NFT, create a straw buyer (really me) who buys it from me for a million dollars, and now my black money has turned into white money.
I remember my dad telling me that if he had been accused of being a Communist during the McCarthy red scare, he would have said or done whatever was asked of him (named names, etc) so that he could keep working and supporting his family. I thought it was a cowardly perspective but now I'm a father myself I totally get it.
Why would you need to be a great coder to be a Product Manager? The challenge will be proving your product chops. Being a bad coder is quite good enough technically to be a good PM.
The dreaming of fixing an issue is funny.
You can take advantage of that by stopping when you are stuck. A lot of times your brain will cook up a fix during the night and it will be waiting for you in the morning! I haven't noticed that this makes the sleep less restful either.
I mean strike prices are usually unrealistically LOW, as low as they can be without being fraud. There's a whole industry of 409a valuations that is used to legally say "we're selling preferred stock to investors as a 50MM valuation, but the common stock which represents 80% of the company is only worth 2MM". Founders want strike prices to be low because options are free compensation to employees.
The issue is the out-going employees thought that a stake in the business was literally worthless, which turned out not to be true. Very similar to the Blogger story actually.
Sell half once it doubles. Then you can tell yourself you're playing with the houses money and you never sell unless you realize it's a bad investment.
This was corporate myth-making. They did it to drive home the point that Amazon was a scrappy place. Obviously it wasn't a logical decision from a pure cost basis. But from a story-telling perspective it was a heckin' home run.
My kids LOVE making spreadsheets. They use it to track points in various competitions and games and stuff like that. The script is actually a good entry point into programming too (simple stuff like SUM and AVERAGE, and constants like $A$1 or whatever).
This was a major plot point in the movie "Where'd you go, Bernadette". Wife of a Microsoft executive hands over all the family information to a virtual assistant that is actually a Russian identity fraudster.
Slow play to your cliff. Then offer to accept your current vested equity, and let them negotiate you down a small discount on that. Like you will own 10% of the company, be OK with going down to 8% or whatever.
No one will loan to an LLC without a personal guarantee from the founder. LLCs protect against legal liability, not against financial liability for debt.
In what way? I went through a TikTok phase a few months ago. The most salient thing I noticed was the total absence of political content, relative to Facebook/Twitter.
Thats true. But you don't need that versatility or reliability a lot of the time. For a bog-standard webapp that talks to a database, gets decent traffic, and is growing at a reasonable pace (say doubling every year), dedicated hosting or colo will save you a LOT of money.
Hey sorry to derail from the larger point but I am super curious. Can you explain the registration thing to me? How does it help to be driving a car registered to someone else? I feel like that would make a cop more suspicious / be harder to explain.
Kindles suffer this problem. The battery lasts forever so you never get in the habit of charging them. Then you get caught out and it's at 0% and you can't read your book. Too much battery capacity is surprisingly harmful.
They don't care about the perverse incentives. In general people don't care about "society", they care about their own situation. If they can stunt on you and get some social points out of it they will do so.
I use ketamine for depression. I get it by IV every 2-3 months at a clinic, and the effect seems to last about that long. Haven't had any bad side effects so far.
Some people I have talked to are seeing this in their workplaces. They are having to tell the engineers not to work too hard so they don't burn out. Seeing 2+ hours a day of extra work.
This even washes out earlier investors. I've had situations where I invested and the company got acquired, but there wasn't enough money to get back to my preference shares. Obviously common was wiped out.
In particular, when companies seem like they might go bust new money insists on healthy (2X/3X) liq prefs. As in many situations, the golden rule applies. He who has the gold makes the rules!