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productstudio

9 karma · joined May 14, 2021

https://www.productstudio.app/
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productstudio··on Should I make an LLC or Corp for a social app?
Best option is a Delaware C-corp. You don't need to file taxes in every state where you have customers. You do need to file taxes in some states (that have Nexus setup and your sales figures cross the state's $ threshold). For eg, in TX, it's $500K/yr of revenue. I am not a CPA (better to consult a seasoned tax pro)
productstudio··on Ask HN: Job Options for software engineer
With the cash option (#2 or #3), you can invest in any FAANG no? ie you can work for Company X, but buy 50% AAPL and 50% FB with the cash you are getting.

This is a hypothetical scenario. Just thinking that folks dont think this way when it comes to evaluating job offers.

Basically, the question is: "how much extra cash does one need to decline a FAANG offer (is it 2X or 4X the $ value of a FAANG RSUs?)"

productstudio··on Ask HN: Job Options for software engineer
Blind tends to be a FAANG echo chamber. Curious to gather other PoV (esp from folks more inclined towards the startup path)
productstudio··on Ask HN: Job Options for software engineer
That is a good point. I guess if FAANG stock price goes down, is it fair to say that we will be in recession (ie entire economy is impacted)?
productstudio··on Ask HN: Job Options for software engineer
This is a hypothetical situation. Just trying to understand what motivates engineers (engineers tend to follow logic). However, the numbers are generally true (are from Silicon Valley & based on data from levels.fyi)
productstudio··on Ask HN: Job Options for software engineer
Not that high. You can check levels.fyi
productstudio··on Ask HN: Job Options for software engineer
Well, one can take a home equity line of credit (interest rates are ridiculously low) and buy shares to "mimic" FAANG employment returns.

I suspect people want FAANG jobs (Option 1) 'cos it looks good on resume and the RSU is a side benefit.

productstudio··on Ask HN: Job Options for software engineer
Did you invest the "extra" cash in FAANG stock(or any other asset class that you thought would give FAANG style return)?

I get the fact that equity in a high quality startup is available only through employment (or investment). But, for a publicly traded company, it is not so clear why people choose 1.