londont
Joined 15 years ago
Karma
180
Submissions
116
Member since
Oct 7
Co-Founder of Gusto (Formerly ZenPayroll, YC W12)
View on Hacker NewsRecent submissions
Comment · 5 months ago
Love this! Looking forward to trying it.
FYI I'm getting "Too many signups right now. Please try again in a few minutes." when trying to sign up to the waiting list. (congrats haha, but good to fix)
Comment · 7 months ago
Love this. Elegant and simple.
Comment · 8 months ago
Wow. Just stunning. Congrats!
Comment · 9 months ago
This is just SO DAMN COOL! Looking forward to digging into the concepts writeup. Thank you!
Comment · 3 years ago
Gusto is helping entrepreneurs and growing businesses hire full-time employees around the world more easily and faster, while reducing risk.
Comment · 3 years ago
That's literally one of the reasons I quit my PhD
Comment · 3 years ago
Good feedback. Working on clarifying how we message this. Thank you!
Comment · 3 years ago
Thanks for the reply. That's right, if you use SVB you have the fund payroll through a wire transfer. The wire can come from any account (including an SVB account). ACH won't work.
Comment · 3 years ago
Hi there, co-founder of Gusto here. Running payroll from your personal account won't work. It has to be a business account. Please see below a msg I wrote earlier in the thread about some advice on how to get that done on time --
*
To clarify — If you have not yet updated your bank account on file to another (see article), you will have to wire funds to Gusto in order to make payroll on time. Log in to the app, run payroll, and you’ll get a prompt with more details and the specific cut-off, but it’s usually 10am PST in the morning of payroll.
In terms, of getting a new bank set up, I’ve seen people open bank accounts same-day with Mercury (online) or Chase (walking into a branch). Wiring funds from SVB to one of these banks should take <24hr to complete.
But yes, you CAN initiate a wire transfer from SVB if you prefer to do that. Note that some SVB customers are seeing issues with the portal right now (probably given high traffic).
Hope this helps.
Oh, also we created this resource hub to help SVB customers with tips like the above: https://gusto.com/company-news/silicon-valley-bank-closure-r...
Comment · 3 years ago
Hi there, co-founder of Gusto here. To clarify — If you have not yet updated your bank account on file to another (see article), you will have to wire funds to Gusto in order to make payroll on time. Log in to the app, run payroll, and you’ll get a prompt with more details and the specific cut-off, but it’s usually 10am PST in the morning of payroll.
In terms, of getting a new bank set up, I’ve seen people open bank accounts same-day with Mercury (online) or Chase (walking into a branch). Wiring funds from SVB to one of these banks should take <24hr to complete.
But yes, you CAN initiate a wire transfer from SVB if you prefer to do that. Note that some SVB customers are seeing issues with the portal right now (probably given high traffic).
Hope this helps.
Oh, also we created this resource hub to help SVB customers with tips like the above: https://gusto.com/company-news/silicon-valley-bank-closure-r...
Comment · 3 years ago
Hi @enlightens, I'm one of the founders at Gusto. Really sorry to hear about the tax issue your company is seeing. We've escalated this and we're going to get this resolved ASAP. After that, we'll make sure we learn form this issue to better inform similar situations in the future. If you'd like to connect w me directly, please DM me at twitter.com/tomerlondon and I'd love to talk.
Comment · 3 years ago
Here's a 10 points summary of the article from ChatGPT if you're lazy to read the entire thing like me:
1. The author's daughter asked for help with a homework assignment on Thomas Hobbes.
2. The author used the ChatGPT service to answer the question, but the response was incorrect.
3. The ChatGPT service uses the GPT-3 language model and applies reinforcement learning to create a new model with an intuitive chat interface and memory.
4. The service has sparked interest in OpenAI's capabilities and the impact of AI on society.
5. Nat Friedman, former CEO of GitHub, believes there is a shortage of real-world AI applications.
6. Many AI startups mimic OpenAI, focusing on publishing and citations rather than customers and products.
7. The author believes that OpenAI's model is not sustainable and will be challenged by companies such as Google.
8. OpenAI's model relies on large amounts of data, which may become more difficult to obtain as privacy concerns increase.
9. OpenAI's model also relies on compute power, which is becoming more expensive and less environmentally friendly.
10. The author suggests that OpenAI should focus on building products and platforms to sustain its growth.