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nbclark

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I guess it would depend how you structure the purchases. If you allow for the purchasing of a common share at the 409 valuation, you wouldn't have a tax hit until you sell it. You would be taxed on the salary used to purchase the share, however.

Interesting thought. We're a private company, so the stock is still illiquid. That wouldn't prevent purchasing stock, but the question is where it would come from. Option pools are used for new employee grants so that could work, but when that runs out you need to typically create additional shares and dilute the other holders. Will put a little more thought into this.

Depends on the role/level, but ~10-15k annually between each tier. I have gone beyond the endpoints (within reason) by just linearly extrapolating, though that tends to be pretty uncommon.

Can only speak to my experience, but I am completely indifferent to their choice. Either of the 3 tend to be relatively substantial in equity, so everyone is invested in some regard. I also believe that in the long run, unvested options aren't the best retention strategy and that a challenging and rewarding work environment coupled with competitive compensation is the way to build an invested team.

In general, it seems to be appreciated. We initially set it up this way to help take some of the stress out of negotiation (as that favors certain people over others). A few learnings off the top of my mind:

1. Regardless of the structure, the offer needs to be competitive. This wouldn't really help with lowballing offers.

2. Across the ~30 offers I've given out, I don't think that either of the 3 variants is more common. I suppose that indicates that different candidates are indeed optimizing for different situations.

3. Our hiring has intentionally skewed more senior and I think the variants of offers has helped create more family friendly offers.

Regarding options, I tend to make sure to offer to spend a good bit of time laying out the details of how they work (strike price, preferred value, vesting, cliffs, early exercise, etc.). They are indeed confusing and I find that people typically either overvalue the value of the options today, or undervalue the potential upside.

Agree with you on this. We do that at my company Divvy. Each prospective hire is given 3 different options (varying levels of cash / equity). The "implied" value of all three at the current valuation is the same, but as you mention some people prefer more equity upside and some prefer more cash in hand.

Without knowing your exact situation, one thing to keep in mind is that the preferred value (last valuation / # of shares) of a share is generally a good bit higher than the tax liability (value of a common share from the 409a minus your strike). Still likely a big tax hit, but perhaps slightly better. IMO changes to tax law for illiquid assets is the best but most unlikely option here.

Agree. I wrote the engine in Node (so punted on the threading problem a bit) then just ported pieces of the engine to firebase functions to handle the actual computation. Made testing a bit easier as I could just simulate players client side. What did you build yours in?

Thank you. Still feels like and endless set of features to add: tournaments, hot keys, animations, etc.

It took about 2 weeks of nights/weekends to have something functional I could play with friends. The engine was the hardest part. Then another week to open to the public and then it’s been a few weeks of bug fixes before it started to feel pretty stable.

What about you?

Divvy Homes - San Francisco - ONSITE

We make homeownership more accessible to families across the country, with a north star of helping 100,000 families become home owners. To get there, we need to build software and intelligence to buy and service homes at scale. We’re a small but senior team and growing quickly.

Some examples of engineering challenges that you would work on:

* Large scale ingestion pipeline of home listings and public records across the country.

* 0-touch underwriting with a goal to give prospective customers a home budget in < 5 minutes.

* Building a custom ledger to manage thousands of payments per month and complex reporting out to creditors in the 100s of millions of $s.

* Credit risk modeling, proprietary AVM (asset valuation model), selection of markets for future expansion

Open engineering roles - https://jobs.lever.co/divvyhomes

Divvy Homes | Engineers (IC, Manager), Data-Science | San Francisco | Full-time, On-site

At Divvy, we’re on a bold mission to reinvent home-ownership. We fractionalize residential real estate to make it more affordable, more flexible, and a better fit for our customers’ lives.

Over the past year, we’ve worked hard to build an exceptional team, raise debt+funding, and provide homes for dozens of families, meaningfully changing their financial future. Our customers choose any home for sale, and Divvy buys it on their behalf. The customer leases the home back from us while building equity credits along the way, preparing to buy the home at the end of their lease. Our customers get to live in their future home today, while buying fractions of the home over time.

Check out https://jobs.lever.co/divvyhomes or nick@divvyhomes.com

I once wrote an app for Windows Mobile that implemented the L2CAP bluetooth protocol, and implemented the HID spec. This allowed phones to appear as bluetooth mouse/keyboards and be paired. It used the accelerometer and touchscreen to allow for cursor manipulation and had an onscreen keyboard for typing. Took me months to figure out the Bluetooth driver and to debug the HID issues, but when it worked, was pretty exciting. Just dug up an old analysis of it too https://forum.xda-developers.com/showthread.php?t=504730

Lots to like here.

RethinkDB is a wonderful db. Did you guys use Horizon on top for streaming? Or something custom? Wonderful design asethetic

Seeing as you're based in Frankfurt, I'd recommend reaching out to events hosted locally as live polling is a pretty common ask.

Divvy | San Francisco | Full-time | $125k - $200k | Software Engineer | https://www.divvyhomes.com/

At Divvy, we’re on a bold mission to reinvent homeownership. We fractionalize residential real estate to make it more affordable, more flexible, and a better fit for our customers’ lives.

Over the past year, we’ve worked hard to build an exceptional team, raise over $30 million in funding, and provide homes for dozens of families, meaningfully changing their financial future. Our customers choose any home for sale, and Divvy buys it on their behalf. The customer leases the home back from us while building equity credits along the way, preparing to buy the home at the end of their lease. Our customers get to live in their future home today, while buying fractions of the home over time.

We’re looking for a Senior Software Engineer passionate about using their creativity and talent to make access to homeownership more accessible. In this role, you’ll be part of the engineering team building our consumer, agent and administrative products. At Divvy, you’ll own your projects from start to finish and help to scale our platform to thousands of new applicants and multiple new markets. You’ll report directly to Divvy’s CTO and work alongside a team of 3-5 software engineers.

Qualifications

- You have 4+ years of software development experience

- You have experience and understanding of the entire stack (front-end to database)

- You have a strong understanding of ML algorithms and regressions

- You demonstrate a desire for modular, readable, performant code

- You ideally have experience with React, ES6 and NodeJS

Technologies we use: Node / React / PostgreSQL / Heroku / RabbitMQ / GraphQL

https://angel.co/divvy-homes/jobs/375496-software-engineer-f...

Yeah that'd be a simple change for them. I'm happy to know I wasn't alone in this. I knew for sure someone else must be doing the same thing :) How are you taking the screenshots? I made a little hotkey script, but feel I could be a bit quicker on it.