1,425 karma · joined May 1, 2008
https://instagram.com/maneesh https://twitter.com/maneesh http://pavlok.com
And -- if there isn't, if any developer is interested in working on it, I'd possibly be willing to pay -- and we could probably release it as open source! maneesh@pavlok.com
I ended up using openVPN on a home raspberry pi, but I want to figure out how to deploy IPSec or ZeroTier rather than OpenVPN
This creates an aversion, similar to getting so sick from drinking a type of alcohol that you don't want to do it again.
If you decide to not use it, of course it can't work. However, the vast majority of users who complete the 5 day protocol register no desire or craving for the old habit, even a year later. You can read some more studies on our device specifically, and aversion in general, at pavlok.com/science.
The USA, and the world as a whole, has done an amazing job mobilizing itself to change borders, adjust social mores, limit large groups of people, and relax regulation around testing in order to get a treatment out.
And it's been working! We've already begun testing new vaccines, and cheap and already-approved treatments of Hydroxylchloroquine and chloroquine are showing extreme promise in both prevention and treatment of the disease. [2] [3]
It's easy to complain and blame America for problems, but look at how fast things have changed. Humanity as a whole is amazing -- in times of peril, we have the ability to adapt so rapidly that we can fundamentally change the world.
[1] https://twitter.com/who/status/1217043229427761152?lang=en [2] https://cleantechnica.com/2020/03/18/progress-on-covid-19-tr... [3] https://www.connexionfrance.com/French-news/French-researche...
https://i0.wp.com/money.visualcapitalist.com/wp-content/uplo...
Medellin in South America as well
You truly believe there is an extremely high probability that the world will starve in the next 80 years?
You might be trying to say that the forbes article is exaggerating with the headline, but your comment is implying that there is literally no specific subject of this story.
Even WhatsApp leaves a "user has removed a message" ghost
I think that the side effects of a wealth tax might just end VC investing in high valuation companies altogether. I don't know if many people on HN see that as a positive.
So you create it. You decide to fundraise, and that capital will help you succeed. You pay yourself a salary of $100,000/year, and put everything else into the company.
You raise $4 MM in a seed round, valuing your company at $20MM.
10-months later, your company is doubling growth YoY again, has a solid SAAS model, and low churn. You decide to raise again.
This time, you raise some more money for your company, and you're now valued at 70MM.
About a year later, you're growing just as fast -- but you see a new competitor is entering the ranks. It's time to scale even faster. So you go and raise again. In a fantastic series-B round, spread across TechCrunch and HN, you raise again, at a $200 MM valuation.
As the sole founder, you now own 50% of the company -- making you worth $100MM. Your salary has remained constant at $100,000/year though.
And then the wealth tax hits.
The new wealth tax says you're responsible to pay an annual tax of 2% on all assets over $50MM. Starting this year.
Which means that you, as a private founder with no liquid assets, are now responsible for $50MM * 2% = $1MM in taxes this year.
Even though your liquid income is $100,000, and you have barely that much in your bank account -- you need to come up with $1,000,000 in liquid cash this year. And since your valuation probably won't go down, it'll be at least that much, every year, for the rest of your life, until you shutter the company.
So you go and try to liquidate your shares. But unfortunately, it's not a public company --- and it's not that easy finding private secondary-market buyers willing to buy the half of the founder's entire stake.
So what do you do now?
As far as I can tell, this is how the wealth tax would work for startup founders.