stefantheard

I hope so, one of the most annoying leaks in my personal finance workflow is that I have to use a specific site to bridge between USD and USDC - if I could just send USDC directly from my mercury personal account, that would make life much easier.

congrats on the launch dex! this is a problem that i've already seen come up a dozen times and many companies are building it internally in a variety of different ways. easier to buy vs. build for something like this imo, glad its being built!

I'm trying a productized service model for devops (pylonops.com) and working on a community platform for moms with my wife (no URL yet, but soon!)

On pro-rata basis most of these secondary liquidity events as apart of raises are not "retirement" level of liquidity - it's just "safety net" level of liquidity. So I think they would probably not be considered "sizable".

I'll give you nice-guy points for turning it down - that's a very principled position to take when that much money is sitting in front of you and all you have to do is say "yes"

I think your intuition on #2 is right - pro-rata across the board or even if the amounts are small enough, offering to do it as a "series B bonus" line item in payroll is not out of the question. 10% seems on the high side but sub 5% it's probably do-able.

I agree with a lot of what you've written - I understand if you want to stay anonymous but would love to talk to you about this more if you are open to it!

I had no intention of posting this to HN (someone I don't know posted it!) and also didn't expect more than the 10 people I shared it with to actually read it - no vote bait intended! I'm happy to take your feedback on a better title that is less baity and more apt.

I'm glad I waited for the dust to settle on the battlefield before taking a look at the comments - agreed, super entertaining! haha

I'd be asking the same question, it's a fair criticism. I wrote this expecting 10 people to read it and I wrote it as a part of a writer's feedback group. I'm just a random guy who has worked at a lot of startups, nothing special!

I could not agree more - I still have no idea why 90 days is the standard. It also exploits people who are ignorant about equity compensation more than people who are not - which I think is even worse.

I don't know if I agree - but I'm open to being wrong. I can't recall many scenarios where I thought someone was a strong fit at 3 months but a terrible fit at 12 months. I can probably think of a couple of scenarios for 3 months and 6 months, especially with slower time to value roles like leadership positions.

Right now 3 months is within my risk tolerance - and there is another side to the cliff that folks don't talk about too often, pre-cliff people will generally be less transparent with negative feedback for fear of being fired before the cliff hits. I'm ok with giving up a bit of equity and polluting the cap table if it increases transparency faster. Maybe the lower risk bet would be a 6 month cliff but I believe 12 months is too long to hold the equity hostage.

We allow early-exercise too but I (possibly, incorrectly) assumed that this was the standard for newly incorporated startups - at least within the last 2-3 years it has become significantly more common.

"secondary sales restricted only by a short right-of-first-refusal period"

I really like this as well, I've always found it confusing when private companies are anti-secondary for former employees especially. I'll look into adding something like this to our stock plan, ROFR protects against any hostile take over weirdness and I'm confident we could add something like this to make it relatively easy to sell on secondary under a certain % threshold.

I was being generous - if there are 3 cofounders and you let one of your early employees get in the 2-3% range - it might be closer to 10x - but you're right that the majority of the time it's between 20x and 50x, sometimes even more dramatic than that for solo founder scenarios

Thank you for letting me know about this - I searched for other tender offers or liquidity for employees of WeWork and couldn't find anything (and the 2 former WeWork employees I know joined in late 2019 / 2020 - so they had a pretty terrible experience)

I will re-work that section so that it's factually correct

This is the reason I didn't check the comments until a couple of days later - I didn't expect anyone to read this and I also figured everyone would be pissed haha - the response is more mellow than I expected for a semi-controversial HN thread though!

It also pissed off some investors, so everyone is pissed off - I might write about something a bit more positive next time :D

I've noticed that too, especially in the gi compared to boxing. Lots more doctors / lawyers / engineers training in the gi. I think it's because we're all weak and need the grips to slow people down, haha. Well let me speak for myself, I'm weak and need the grips to slow people down.

/r/bjj is my favorite, it has the perfect balance of extremely useful discussion and knowledge sharing along with some percentage of shitposting to keep it interesting.

I am going to finally read Kitchen Confidential by Anthony Bourdain.

I still don't see where the savings of time come in. What you lose in "ops" you gain in configuration and assuming you don't have eidetic memory that has a time cost.

that's why I said "or non obvious" I'm not totally sold on this saving time but I guess it could be argued depending on the expertise of the developer

ah I see, yikes. I agree with you. this is optimizing for some non existent problem (or at least a non obvious problem)

How do you go directly from client to database with nothing in the middle while being unable to trust the client?

this was my realization too when I first started hearing about IF several years back.. "I do this already, but on accident" I have never eaten breakfast in my adult life. I eat once at 11:00AM for lunch, then again at either 6:00PM or 9:00PM for dinner depending on if I train that night or not. I don't snack or drink any calories, so this is basically intermittent fasting right? It seems weird but it does make sense, I am relatively lean and don't put much effort into it.

I didn't know this, thank you for mentioning it. I shop at Kroger pretty often and have never considered buying cheese or charcuterie there since it seemed like it might be bad, guess I was quite a ways off the mark.

According to their on-boarding questionnaire $25,000USD

Also from Houston. Giving distances is almost meaningless in this city 2.8 miles away could be 20 minutes or it could be 3 minutes, so time is really the only accurate measure.

I have also noticed a particular venom toward aikido in particular from people who train modern martial arts. I think this comes from the high level of arrogance associated with aikidoka (true or not, it is associated). It's frustrating when you encounter someone who does not spar or test themselves in any meaningful way yet is still completely convinced that they can defend themselves against trained or untrained opponents and is willing to share that belief in an arrogant way.

It should be stated that it there are PLENTY of questions about the effectiveness of Krav Maga. Any martial art that cannot be trained at high intensity against a resisting opponent should be looked upon with a healthy amount of skepticism.

You should take a look at Rokas Leo's journey on youtube. I feel his journey is identical to what any open minded aikidoka will go down eventually. He trained for 13 years before beginning his journey and only recently got to the tail end and made a few important distinctions about why he will keep training aikido and how his teaching techniques will change, similar to a lot of the stuff you have echoed here.

edit: with some exceptions, he no longer believes aikido can help with self defense in any form (including against untrained attackers) at this point but does believe it has great benefits for other reasons.

Same here, I would instantly become a "vegan" if this were an option. I really enjoy food (it's a massive part of my culture, family, and childhood) and have been indoctrinated with all the flavors of meat. Although intellectually I feel avoiding unnecessary suffering of animals is a good thing it is very difficult to divorce myself from consuming meat for all the previous reasons.

Lab grown meat would leave me no real excuse to support the animal farming industry because I would be able to keep everything I love about it and get rid of the stuff I don't. I could have my meat and eat it too.

Edit: This sounded more phallic than intended, going to leave it in though haha.

That would be so meta and craptacular. It must be done.