datalopers
Joined 4 years ago
Karma
2,386
Submissions
552
Member since
Mar 2
Recent submissions
Comment · 3 years ago
No it's not. Severance is extremely common, while this package is quite generous.
Comment · 3 years ago
What is their cloud offering if it’s just sql templating? Why would anyone pay for that?
Comment · 3 years ago
Because YC and other VC shops wouldn't shut the fuck up about crypto, web3, and blockchain across 2020-2021 and that sort of behavior doesn't get a free pass. Now they've moved onto Generative AI.
Comment · 3 years ago
I'm confused, I searched for both "crypto" and "web3" on that page and there are no results?
Comment · 3 years ago
And it begins. We’re going to see a lot of VC-backed firms with mildly decent products or teams sell for down-round valuations to those who are still flush with cash.
Comment · 3 years ago
This blogpost [1] explains in detail but the gist is:
* Standard-deduction next year is $27,700 married ($13,850 single)
* Long-term-capital-gains is 0% on first $89,250 ($44,625 single)
Thus if you have the tooling to perfectly control your income, e.g. you take $27,700 in treasury bill payments and then sell off enough stock (or take qualified dividends from your corporation's bank account) in the total of $89,250, you'd end up with:
* Ordinary Income: $27,700 - standard deduction of $27,700 = $0 taxable income
* Long-Term-Capital-Gains of $89,250 = 0% ltcg tax bracket
= $116,950 ($58,427 single) of federally tax-free income
Then if you're in a no-income-tax state (such as WA, like the Adams brothers), you don't owe any taxes at all.
[1] https://www.kitces.com/blog/long-term-capital-gains-bump-zon...
Comment · 3 years ago
Would be nice if you earned a 401(k) credit/allowance each year so when you do hit it big you can rapidly play catch-up on the past 20 years or whatever.
Comment · 3 years ago
It would take 20 years to pull it off, and tax legislation may change, but a married couple can earn next year ~$115k/yr federally tax-free ($89k long-term cap gains + $27k earned income). So that source of income would only be subject to the initial 20% corporate tax.
Comment · 3 years ago
Week1 sales is a decent predictor [1] of Year1 revenue. They'll probably do about 1M unit sales by Christmas 2023.
[1] https://newsletter.gamediscover.co/p/steam-the-state-of-long...
Comment · 3 years ago
Oh, I didn't realize they had a publisher involved too. Yeah, this is a nice payday but it's just a start before it's life-changing for these two hackers. Let's see another 300k in sales!
Comment · 3 years ago
Are they? 300,000 units * $30 = $9M - 30% Steam tax = $6.3M in a single year take out federal taxes (just gonna call it 36% and ignore SFJ/MFJ), leaves them about $2M each. I'm sure they're some sort of a legal entity in WA state and will owe the b&o tax too.
They deserve it absolutely but $2M each does not put them in a position of "fuck you" [1].
Comment · 3 years ago
> I don’t understand the bi-partisan dislike of Tik Tok.
It's not hard to understand, it's literally because it's controlled by China.
Comment · 3 years ago
Redis isn’t just a cache. That’s memcached. Also SQS absolutely sucks for a job queue as soon as you want to do anything like control concurrency or have job priorities, but if your needs are simply “I need a background job queue” then SQS is likely a great choice.
Comment · 3 years ago
Keep in mind the context of this thread. It's some shitty blog suggesting you do every fuck thing on postgres. Myself and the other guy are simply suggesting that running a single-node instance of redis is an infinitely better and simpler choice than implementing a cache or a job queue on a rdbms.
I don't feel designing for a guaranteed high-availability application was part of the discussion at all.