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throwaway-1283

466 karma · joined February 12, 2019

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throwaway-1283··on Ask HN: Would you sell or diversify your startup equity if you could?
What is your point? In a swapping scenario the same would apply.

Plenty of people sell on secondary markets. If everyone was restricted then those businesses wouldn't exist.

throwaway-1283··on Ask HN: Would you sell or diversify your startup equity if you could?
Why is "swapping" shares better than selling for cash (and then investing that in something less risky), which you can already do through secondary markets like Sharespost...
throwaway-1283··on The New 30-Something
Is that true? The last article I read about millennial homebuyers is that the reason outstanding mortgage balances are increasing is because more millennials are putting down less than 20% because they couldn't otherwise afford to.
throwaway-1283··on Some strategies may help against Alzheimer’s disease and other dementias
Nothing on fasting or low carb diet...I've read multiple studies that inducing autophagy through either is linked to reducing Alzheimer's risk...
throwaway-1283··on The New 30-Something
It's not too complicated - most big cities in CA have simply not built enough housing to keep up with population growth.

Mass transit in/out of urban centers like SF/LA are very underdeveloped, so it makes it really difficult to live in a cheaper area outside of the city and bear the commute everyday.

throwaway-1283··on Everyone should read support emails
Interesting SaaS idea...a company that plugs into whatever CRM you use (Zendesk, Freshdesk, Salesforce, etc.) and automatically compiles a summary of tickets that is sent to certain people or teams within the company.
throwaway-1283··on The New 30-Something
Living in SF, the very real phenomenon I've noticed is friends who hit late 20s/early 30s, get married, and then leave with varying intentions but many to move closer to their parents (presumably in a cheaper area) so that they can get help raising kids while both continue to work.

This article doesn't really capture the fact that this only works if the 30-somethings move out of SF, NY, LA, etc. to move closer to home (unless those are the places where the parents are already living), which may be an area outside of a major urban job center.

throwaway-1283··on Launch HN: Keeper Tax (YC W19) – Find tax writeoffs in bank statements
But why was the obvious first use case for 1099 workers?

I guess I was thinking of an app that would, say, see I have a losing investment and recommend that I sell before EOY to offset some taxes.

Or put more money into my 401k if I hadn't maxed out by EOY if I was close to being dropped to a lower income bracket.

throwaway-1283··on Lyft Files S-1
What do you mean "nothing inherent." Turnover is high because pay is low, so they need to constantly recruit new drivers via signup bonuses that pad their earnings for the first X months. If they fail to attract drivers then their growth will tank because supply will not keep up with demand. Support needs are naturally high and things go wrong all the time because you're dealing with real people in the physical world - it's not just some bugs here or there on a computer screen.

Companies like Lyft/Uber also have a much higher % of their full time staff in "ops" roles that are driver-facing (support, onboarding, offboarding, marketing, acquisition, etc.)

So long as their business is extracting maximal fees from each fare (thus keeping driver pay low) this cycle will go on as long as it can, and acquisition costs will continue to be high.

throwaway-1283··on Launch HN: Keeper Tax (YC W19) – Find tax writeoffs in bank statements
I've always wondered why there isn't a mint-like service to help anyone minimize taxes..
throwaway-1283··on Lyft Files S-1
Are you kidding? The driver acquisition costs are extremely high. Driver turnover is high. There's much higher support costs on both driver and rider side than a typical "pure" software co.
throwaway-1283··on Lyft Files S-1
The fact this might IPO at $20b is insane...that is the same as United Airlines which made $38b in revenue in 2017 and is profitable.
throwaway-1283··on Lyft Files S-1
Everyone who shorted Snapchat made millions.
throwaway-1283··on Lyft Files S-1
Nobody seems to care...until the company literally runs out of money. The difference between a SaaS and a Lyft is that Lyft has huge operating expenses. Burn rate is order of magnitude higher.
throwaway-1283··on This Is Silicon Valley
You're paying SV prices because you're getting paid more than you could otherwise anywhere else.

Yes, for the average rank-and-file it's probably a worse deal than elsewhere, but if you are mid-level and have a chance at upper mgmt role then what you make is wayyy more than what you could elsewhere, even with the CoL.

throwaway-1283··on Lyft Files S-1
I don't see how these companies will stop losing $1b+ a year each year. The public markets will not be too kind.

The end game was supposed to be autonomous taxis (cutting the driver out). I don't see how that's going to happen before they run out of money unless they 1) significantly raise prices or 2) take increasingly bigger cuts from drivers.

Personally I will be shorting as soon as I can.

throwaway-1283··on Ask HN: What is your burnout story?
In my experience, burn out has been less about working 12+ hours a day so much as working even a standard 40 hr workweek on something that is counter to your principles/true self. I think this is more frequently the case today because the expectation that we derive meaning and identity from our work has increased.
throwaway-1283··on This Is Silicon Valley
Which parts of Manhattan aren't touristy?

I lived there for a little over a year...agree that Manhattan is not necessarily that inspiring.

I could never figure out what to do on the weekends. It felt like I was always stepping outside into a financial district and all anyone did was go to mediocre & expensive brunches.

throwaway-1283··on This Is Silicon Valley
Curious for anyone living in SF/SV and thinking about moving - what are your top choices?
throwaway-1283··on This Is Silicon Valley
I'm specifically referring to housing prices. Parents raising kids put an even higher premium on SFHs because they want to live in places that are within a preferred school district. It's just one of many factors.
throwaway-1283··on This Is Silicon Valley
Oh nice. I looked into Miami and surprised by how affordable housing was, even in South Beach. Similar reaction when I looked into Palm Springs too.
throwaway-1283··on This Is Silicon Valley
Where?
throwaway-1283··on This Is Silicon Valley
The price premium you are paying, especially for housing, is really all about raising kids e.g. sending them to some of the best (albeit pressure-filled) public schools in the country all while keeping your high paying SV jobs.

Basically assume that the quality of public SV schools are high enough that high earning parents are "OK" sending their kids to those schools rather than paying for private school. If you have 2 kids and would otherwise spend $20k/year for ~14 years of PreK-12 then living in your preferred public school district will save you over $500k+ in tuition.

If you are single or have no plans to have kids (thus shifting more free time toward cultural activities vs raising kids) then agreed living in SV is really boring and uninspiring and not worth it.

throwaway-1283··on This Is Silicon Valley
My biggest issue with SF tech scene (after having worked in it for several years now) is that in order to be successful you really need to drink the Koolaid, which requires extreme emotional investment in your work.

I've come to realize that I am not programmed that way at all, and it has made it difficult for me to really be happy working in that kind of environment.

throwaway-1283··on Are Mail-Order Meal Kits Doomed?
I haven't tried a prepared meal prep food delivery service before, but I would imagine that a successful "bulk meal prep kit" would need to be cheaper per meal than one that is pre-made.

I also think a major part of the appeal of meal kits is not really in having a "freshly prepared meal" as much as in helping people more easily achieve a level of satisfaction out of making something homemade. That, and the convenience of not 1) having to go to the grocery store to buy meal prep goods and 2) not having to find decent recipes for meals that fit your nutrition or fitness goal

throwaway-1283··on Are Mail-Order Meal Kits Doomed?
I don't necessarily need to eat something different every day, which is what these Meal Kits provide (i.e. variety in cooking).

I actually think meal kits for bulk meal prep would be more interesting. Meal prep has become a "thing" especially for those with some fitness goal - and getting a shipment that allows you bulk prepare 1-2 weeks worth of 1-2 dishes for lunch and/or dinner that fits a particular diet or fitness goal would be a lot more interesting to me (e.g. for weight loss, keto, bulking up, marathon training, etc.)

throwaway-1283··on Facebook moderators in America
I feel like selling moderation tools would be a huge biz for any co with UGC...
throwaway-1283··on Launch HN: Modern Labor (YC W19) – Paying People to Learn to Code
Furthermore, graduates agree to work for us directly if our offer is as good as their other employment offers.

What does this mean? If I get a job offer for $100k but you match I have to accept your job offer of working for your company?

Strange...

throwaway-1283··on Nike (NKE) Stock Drops After Duke Basketball Star's Shoe Splits
It was a down day for the entire market...joke of a headline

If you want to see real market movers check out Heinz ($KHC) down 20% and Stamps.com ($STMP) down 47%!

throwaway-1283··on Teaching People to Trade Stocks Is Like Starting Them on Heroin – Munger
More like trading options
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