beavisthegenius
beavisthegenius on Hacker News
Remove the psychological pressure that's driving you to drink and you'll find you don't want to drink. I changed my job and dumped all my drinking friends. I'm also ok forging my own path without friends so that part was easy for me.
Yes. Didn't have to read it.
Elizabeth Holmes committed fraud. She's a criminal.
In theory, an 83b election should be looked at for any restricted stock grants to minimize the ordinary income tax issue you describe. I know it's not always possible.
It's to reward employees who may need to sell stock based compensation to pay bills and other things that require currency.
Too bad. That's the parent's decision.
Great. Set up the program to get it done.
Serious response: where do you propose someone go who's been high or drunk for 30 years?
Censorship isnot too strong. It's exactly what's happening.
Their kids should get jobs if they want money.
You're an asshole for preventing development.
As an SF resident, you people are ruining the city.
You seem like a know-it-all asshole. Not once did you ask permission to change the processes of the organization of which you were on probation. Imagine if someone came to your house and changed the furniture layout. Then imagine if that person told you they changed it because that's how they have the furniture in their house and it's so much better.
That's you.
Did you read his question?
Next you'll be asking for a geocities host page. Luddite.
You just told the credit agencies that there's fraud on your account but now need just a one time exception to break the freeze. Just think about that from the agency's position.
Have fun trying to get it unfrozen. I work for a financial services company. Every time I speak with someone about unfreezing their credit, I laugh and tell them "good luck but I can't open a new account for you until your credit is unfrozen. I understand you froze it for identity protection but your credit is frozen. You told the financial companies to not open any new accounts, even for yourself. There's nothing I can do for you right now".
2008 was about over leverage and speculation.
I guess they'll have to pivot or be disrupted.
Not true. Stock compensation is dilutitive to existing shareholders putting future pressure on earnings per share and generally means you'll see a share buyback further reducing cash on balance sheet or increasing debt. Further, large blocks of lockup expirations cause selling pressure. Once talent sells stock compensation how do you then retain them? Do you grant more shares diluting existing shareholders further?
He's committing fraud. He should be taken down. That being said, it seems like Partovi told everyone he could about the janky finances but everyone ignored him. Caveat emptor.
For one, he not only committed insurance fraud by creating a macro & circumventing state insurance regulations, he enabled others to commit fraud as well. The reputational risk to the company could be tremendous. Secondly, by knowing about this then participating in a $10mm sale may constitute securities fraud for witholding material information of the company. This may ultimately lower the valuation of your stock and options. Further, the company may have been valued based on bad information (unlicensed & unqualified brokers) that doesn't accurately reflect the viability of the company.
Insofar as other founders who dumped stock prior to bad news coming out, I can think of Mark Pincus of Zynga off the top of my head.
Not necessarily. If the supply & demand meet at equilibrium for a commonly agreed price then added supply will decrease price. However, we aren't at equilibrium as we continually see sales going for 500k-1mm+ above asking which implies that true price discovery hasn't been reached. With such forces still in play, it would only make sense to cater to the demand willing and able to afford such prices. There isn't any reason to be build low income housing despite the demand because the economic benefit to the builder and seller isn't there.
The problem is NIMBYs. No one wants their view ruined so The City has height restrictions. Developers want to max out profit and only build luxury high rises downtown. New developments in Daly City, South San Francisco, San Carlos, San Mateo, Pacifica et al. don't go anywhere because Peninsula, East Bay & South Bay suburbanites don't want to expand a borough like New York City. Comparisons to NYC are difficult because NYC is one city. To truly accomodate the demand for Bay Area housing, we can't just focus on San Francisco. Per Wikipedia, Manhattan has ~1.6MM people in ~22 sq mi of land. We need many, many more taller buildings. Try getting current landowners to change the 3 story restriction.
1. My goal for San Francisco is a diverse city
The City was diverse before the tech boom. The tech boom is pushing people out. Contrast the population of San Francisco with San Jose. Why is SJ more diverse? The white, suburbanites move to SF not SJ because they want NYC on the West Coast. A city of 860k vs 8mm have much more opportunity to have diversity. Again, there needs to be coordination across multiple municipalities that simply don't want to work together.
"I want to live in a beautiful, multiethnic, socioeconomically mixed community. A city where people of low, moderate, and high incomes live together, and people of different ethnicities interact." You should have moved here 20 years ago and then you would understand why long time residents hate the newcomers.
2. A little self awareness about my my role and position in San Francisco
You grew up poor but aren't now. Super.
3. The cause of our housing problem is huge demand in the face of limited supply
There were population exoduses for many years. The demand is relatively new problem. If you had been here in 2002, landlords were begging you to rent in SF. Granted, you graduated college in 2009 so you wouldn't know that but believe me, this is a recent problem caused by recent graduates.
I want to keep responding to your posts but I'm too tired. This isn't NYC and there aren't 5 boroughs that are able to be coordinated for building codes and transportation. This isn't an easy fix and, forgive me, I find your youthful perspective insulting as you have no idea how long these issues have been brewing. Chris Daly was a big proponent of affordable housing. Read up on him.