Non-salary cost such as payroll taxes, benefits, workers comp, training, equipment, space add another 25-50% typically.
221 karma · joined January 19, 2012
How do your capabilities compare to Google Document AI or Watson SDU? Also what about standalone competitors such as Indico Data or DocuPanda?
Personally, I’m a fan of the Enneagram. But it, too, has no scientific backing.
Also, I use it to email only one designated person who receives an email with a password hint to an encrypted folder containing all my important stuff in life such as passwords etc.
The only caveat is for the OPT graduate (I assume your friend is no longer in school). They will lose time against their OPT allocation that they could otherwise save.
That being said, it depends on the details of their OPT and the kind (pre / post completion, etc) at which rate their remaining time in the US gets deducted when they don’t work. You can look up the details online.
This means your fiend needs to evaluate whether it may be potentially better to be able to stay in the US longer and not work vs. working for you and getting something in their resume but that work time may potentially deduct from their OPT allocation faster.
Not a lawyer, just a former student who worked in OPT a few times. This stuff has changed since I went through this so don’t take my world for it. What has not changed much is that OPT is pretty easy for employers (as opposed to, say, a visa) - because that’s the point of OPT.
It also may well be that the opposite is true — STM is prioritized by people who haven’t learned to properly recruit for profound structures. Speed may well have been a survival advantage a million years ago, but it’s not clear that this hasn’t changed since.
We also don’t know if the computing model of the brain is even appropriate at all. Humans have always assumed that the latest state of technology can represent the brain: clay and waterworks, mechanics, computers, etc.
At the end of the day, we don’t know how much we actually know about how the brain works because we don’t know what we don’t know…
A close friend of mine had to emigrate to another country after successfully exiting his startup with tens of millions in the bank. Top recruiting firms in the US didn’t know what to do with him and considered him not “specialized enough” for the US market.
Other markets such as Europe hire very differently. There, employers aren’t necessarily looking to fill narrow roles with “bandaid employees”, but want people to have breadth and grow within the business across future roles.
In fact, this is precisely the feedback I also got from a top headhunting firm where I worked with the head of US tech recruiting and the EU counterparts.
Put differently, the “founder penalty” isn’t as much of an issue overseas.
I’m still baffled by it…
I was in the same boat as you when I started my company and looked into the same kind of setup. I researched it at the time but cannot remember the details.
Holding your shares through a US entity is not an advantage. Holding your shares through a foreign entity will cause you to get penalized if you continue to remain a US tax citizen.
The only situation where I could see an advantage would be if shares were held through a foreign entity and you hold them there (without an liquidation event) until you have surrendered your greencard and no longer meet the substantial presence test for US tax purposes and the resulting tax situation for you would be better than it was when you were a US citizen for tax purposes.
For example, if you held equity through, say, Malta, Panama, or the Caymans and you leave the US permanently, surrendering your greencard, and become a resident of a tax-advantaged jurisdiction for long enough that you are no longer taxable by the US, and only THEN your company exits, generating capital gains that could/would be distributed to you would be tax advantaged.
I grew up in a culture that did not talk about being happy or cared about objectifying happiness in any way. In fact, we don’t even have good words for it that would be separate from other notions. Growing up, I only ever experienced people talking about if they were healthy or satisfied or enjoying life.
This is a long way of saying that perhaps, it’s not only about calling out the vagueness and ambiguity of “intelligence”, but about considering that the term “happiness” also deserves the same degree of scrutiny. It, too, lacks a clear objective definition and comes with a lot of subjective and cultural ambiguity.
Maybe asking why one ambiguous undefinable thing doesn’t cause or correlate with another ambiguous undefinable thing is a futile statistical exercise to begin with?
You are not going to be able to increase your quality of life above that of Germany by moving closer to the equator, at least not by most general quality of life metrics.
However, it sounds like you are specifically looking for the combination of sun + lower cost. In that regard I’d look at the following. Keep in mind you will likely end up moving back to Germany eventually from most of these, be it because you require health or elder care or certain educational opportunities for your kids if you have any.
Panama, Nicaragua, Ecuador, Costa Rica, Malta, Malaysia, Bali, Spain & Baleares, Portugal.
If you’re willing to compromise on the “sun factor”, I would take a closer look at the following:
Austria, Slovenia, Estonia, Czech Republic, South Korea, Taiwan.
It sounds to me that you also want a country where you get by in English and/or German easily. That should narrow down the first list above quite a bit.
New York City uses ~11MWh per day (i.e. a capacity of 458 MW). This means the above would amount to ~3x that usage. I don’t know much about this and may misunderstand something here, but this seems infeasibly high for a mobile system, no?
At no time in recent history would a talented engineer from Sudan or Bangladesh have been most likely to have ended up in Silicon Valley, at least not without many years of geographic detours…
As others remarked correctly, aggregated numbers are useless and not representative for the avg person. If you truncate NYC’s crime numbers by stripping out high crime areas such as Brownsville or the South Bronx, crime here is shockingly low. Even more so if you correct for crime that would be er affect you unless you’re in some sort of drug gang (many of the violent crimes are gang on gang crimes).
Also saw folks here mention East Harlem — I assume that’s a joke?! That hasn’t been a “dangerous” neighborhood for 35+ years. It’s now a very sought after area esp. for families, and it’s got plenty of artisanal BS stores that come with gentrified areas. I can’t afford to rent there.
https://www.bloomberg.com/opinion/articles/2022-06-07/is-new...
Founding engineer = first engineer but it’s not clear yet what the long term role should be (eg CTO vs VP Eng). Sometimes it means the person is very junior and it’s a wait and see type of situation. Sometimes it means it’s not clear to the involved sheet things will head in terms of your work.
At least that’s how I’ve been using them. If you joined my startup as a first engineer, then you can pick your title, but I would nudge you in the direction that makes sense. It often comes down to many CTO folks being architects and not active code writers. In an early startup that’s not always ideal of course, why it’s often better to start with a founding engineer title.
If you think you’re heading in the direction of being the future CTO, I think you should angle for 5%. My guess is they’re not seeing you as that (eg if you’re very junior), but your equity is def very strong for a non-CTO role IMHO.
P.S.: the company valuation and your market comp determine your %. For example, if your market value is considered $200k and the company can afford to pay only a $100k salary then you’d get $100k worth of equity.