mariozivic

$0 for income tax as his salary is $0 and he funds his lifestyle by borrowing against shares he owns: https://www.wsj.com/articles/elon-musk-techs-cash-poor-billi...

In the current low interest rate environment, I've heard that it's common for founders like Musk to borrow against their shares instead of selling shares. The difference is that they pay small interest rate but don't pay larger income tax by realizing their income.

Basically, the same thing that their companies used (or maybe still use) for avoiding high tax on repatriation or their non-US earnings.

Edit: Here's a proof but with different incentives (keeping control): https://www.wsj.com/articles/elon-musk-techs-cash-poor-billi...

Unfortunately, I cannot find that article. IIRC, the loan never gets foreclosed. It's like the bank is receiving an interest as a fee for the service of tax-free repatriation. If I had time to analyze this further, I would take top 5 tech companies I compare their long term debts with their off-shore holdings (or estimates if not available).

There was an article exlaining how they get that money back in U.S. tax-free. Something along the lines of geting a loan from the bank against deposit by their pardise subsidiary. Also, the money owned by the subsidiary is allegedly in NY bansk, not some small paradise banks.

Exactly this. This is THE advanced feature I need.

You don't need to invest in a foreign company to invest in a foreign market. Take a couple of US companies and see where their revenues come from geographically and diversify your holdings in that way.

The example with ATMs happens in a lot of places I've been but I'll just list Japan as the most extreme example.

Have a look at http://www.testdome.com

We have approached creating our content to be as work-relevant as possible. Our front-end questions address all the areas you mentioned.

Disclaimer: I'm co-founder of TestDome.

That's exactly the point I'm working on right now. We realised that just the information that "something" is not working well is not good enough. Hopefully in a week or two, feedback from the execution of the test cases will be much more descriptive than it is now.

One of the co-founders here. I must say, you are the first one to say that the tests are too easy. A significant number of our customers said just the opposite, that tests were on the hard side. That's not to say that you are wrong but since we're aiming for the mass market, I'll add your vote to the too-easy side and see what the stats will say at the end.

Thanks for the feedback.

IMHO, you are looking at it the wrong way, that is the candidate's way.

From the employer's point of view, it's all about determining the most effective way of finding out if you're a fit or not. In my personal experience and confirmed by the research I've done, asking basic coding and simple problem solving is the most effective way to eliminate applicants on which you don't need or want to waste your time. Most common "exception" is if one is interviewing what he considers a superstar, but then we are not actually talking about an interview, but rather a sales pitch.

I find that Brian has put it perfectly in the last paragraph: "A solid answer to FizzBuzz is like a firm handshake when meeting your new boss or like opening the door for your date. It’s an introduction that sets a minimum bar and guarantees that neither the interviewer nor the candidate is wasting the other’s time."

And then you ask for Github, resume, whatever-you-find-relevant.

"YC investment results in an average of 6% ownership, 6% of $13.7B is $822,000,000." - this statement is not actually correct. YC ownership averages 6% at the time when YC enters but that doesn't mean that YC gets 6% of $13.7B. Companies contributing most of these $13.7B have probably gone through additional financing rounds diluting YC's stake. But even if YC is diluted 10x, it's still remarkable ROI.

I've heard one too many times that I have to react now and voice my confusion. When you have students and you want then to have had some work done outside of coursework, I'm perfectly ok with that as I understand the merits but I wonder is it true for people 10+ years into their career. I see great people having great jobs who, if they have free time, code something that can help their current job but that code also ends up being own by the employer and is very rarely released as open source.

IMHO, the post is more about the interviewers not understanding what is important for success in the job they are interviewing for than about anything else. If you need a person that will have to switch technologies, languages and paradigms, you have to test for that, make sure a candidate has done it before or is capable of doing it in expected time with expected depth.

If one is good and quick in problem solving or has high GMA, that does indicate that he has the capacity to handle new and difficult things in general, but says nothing about the speed with which he can handle a particular new thing. Author's example with JavaScript is very good illustration how difficult can it be to learn a new paradigm for the first/second time.

It just so happened I clicked on this link just a moment after clicking restart link on Chrome to let it update and it still said no?!